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RUT, NDX, SPX, DJI all rallied for a third day on Thursday, closing above Wednesday’s high on each chart. SPX closed at 4,725 +29.23, a new all-time closing high. The NDX closed at 16,308, +128.07.
SPY up 2.91 at 470.60, on 56.4 million shares, below average volume, up on similar volume.
VIX down .67 at 17.96
CAT, DOW, HON, MMM led the DJIA, 25 advancers, -1
The two-year trend term is up. The one-year trend is up.
Up: IWM, QQQ, SPY, DIA,
Nine eleven sectors were higher on Thursday, led by XLY, XLI and XLB.
Consumer Discretionary leaders: TSLA, LVS, WYNN, DRI
Materials leaders: LYB, FCX, DD, NEM
Advancers were mixed and slightly stronger on Thursday as advancers led 2,283 to 1,061 on the NYSE and led 3,230 to 1,446 on the NASDAQ.
The SPY MFC green line turned up at 58.1 and is bullish. SPY is an HBO setup for a potential new all-time high.
Uptrend sectors: XLV, XLK, XLRE, XLU, XLP, XLB, XLY, XLE, XLI, XLF,
Down trend sectors: XLC,
The 6-month intermediate trend is up. The ten-day trend is up.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
83 of 100 NDX stocks closed higher on Thursday.
55 NDX stocks are above their 30 DMA: DLTR, AVGO, AAPL, COST, LRCX, MU, GILD, VRTX, CSCO, FAST, ORLY, XEL, MRVL, PEP, AEP, AMGN, CTSH, WBA, CERN, MNST, MDLZ, INCY, TMUS, KDP, PAYX, SIRI, VRSN, CHKP, FTNT, PANW, AMAT, ANSS, ATVI, BKNG, CDNS, CSX, EA, EXC, FISV, IDXX, ILMN, INTC, ISRG, KLAC, MAR, MCHP, NXPI, QCOM, SNPS, ADP, DDOG, GOOGL, ALGN, FB, KHC, MSFT, TSLA, VRSK,
NDX Stocks to Watch on Monday:
Moving Below 30 DMA = 0
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