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Futures moved lower overnight. QQQ, IWM,
SPY, DIA, opened lower, rose throughout the day and closed higher in the third
day of a broad rally.
Some progress is being reported in talks between
UKR / RUS lifting hopes of a path towards a ceasefire.
SPY up 5.45 at 441.07, on 102.6 million shares, below average volume, up on lower volume.
VIX down 1.00 at 25.67
QQQ up 4.12 at 344.44
DOW, AXP, CAT, CRM led the DJIA, 28 advancers, +6
DVN, OXY, APA, MRO led the SPX, 420 advancers.
CRWD, MELI, DOCU, LCID led the NDX, 85 advancers.
The two-year trend term is up. The one-year trend is up.
Up: IWM, SPY, QQQ, DIA,
Down:
All eleven
sectors were higher on Thursday, led by XLE,
XLB and XLY.
Energy leaders: DVN, OXY, APA, MRO
Materials leaders: MOS, DOW, FCX, LYB
Consumer Discretionary leaders: ETSY, RL, DG, GRMN
Advancers weakened slightly on Thursday as advancers led 2,633 to 719 on the NYSE
and led 3,551 to 1,180 on the NASDAQ.
The SPY MFC green line is pointed
up at 36.5
and is short-term bullish. SPY
closed higher for a third day and above its 30 DMA.
Uptrend sectors: XLE, XLU, XLP,
Neutral sectors: XLV, XLRE, XLF, XLB, XLK,
XLI,
Down trend sectors: XLY, XLC,
The 6-month intermediate trend is up. The
ten-day trend is up.
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Up
85 of 100 NDX stocks
closed higher on Thursday.
55 NDX stocks are above their 30 DMA: EXC, DLTR, KHC, COST,
AEP, AMGN, CTSH, PAYX, XEL, ADP, FAST, SGEN, AZN, ORLY, REGN, TMUS, CRWD, VRTX,
AVGO, CSCO, CTAS, DXCM, HON, ODFL, PANW, TXN, VRSK, ADI, AMZN, ASML, CDNS,
CPRT, CSX, FISV, IDXX, MAR, MCHP, MELI, MRNA, MRVL, MSFT, NVDA, NXPI, ABNB,
AMAT, EBAY, ILMN, PYPL, ROST, SNPS, SPLK, TSLA, VRSN, WBA, WDAY,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 12
ABNB, AMAT, EBAY, ILMN,
PYPL, ROST, SNPS, SPLK, TSLA, VRSN, WBA, WDAY,
Moving Below 30 DMA = 1
NTES,
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