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The SPX +119.81, 5,319, opened higher, after futures rose pre-market, trended
higher and made its highest close of the week.
Thursday’s rally marks the first bounce this week that did not sell off and
close lower than the morning high. The institutions rallied the market and
buyers remained in control into the close.
This suggests that selling is exhausted from known information. The VIX
opened lower and closed lower.
The NDX +3.06%, opened
higher and closed higher.
PH +55.58, +10.84%, and LLY +73.17, +9.48%,
were the SPX earnings gainers on Thursday.
After-hours: EXPE +11.73, +9.94%,
and TTWO +7.43, +5.35%, on a positive
EPS reaction.
Mega caps NVDA, META, TSLA,
GOOGL, AMZN, AAPL, MSFT rose on Thursday.
SPY up 11.99 at 530.65, 62.7 million shares, above average volume
VIX down 4.06 at 23.79
QQQ up 13.30 at 448.07
INTC, AMGN, CRM, BA led the DJIA, 29 advancers, +18
PH, LLY, NRG, TER led the SPX, 454 advancers
ARM, MRVL, ON, KLAC led the NDX, 93 advancers
Up: QQQ, IWM, SPY, DIA,
Down:
All eleven sectors were higher on Thursday,
led by XLK, XLI and XLV.
The SPY MFC green line turned up at 19.7 and is short-term bullish.
Uptrend sectors: XLRE,
XLU, XLV, XLP, XLC, XLF, XLB, XLI, XLK,
Neutral sectors: XLE, XLY,
Down trend sectors:
The 6-month intermediate
trend is up. The ten-day trend is down.
3-month Intermediate Term Market
Trend: Up a little
3-day Short Term Market Trend: Up
93 of 100 NDX stocks
closed higher on Thursday.
33 NDX stocks are above their 30
DMA: CHTR,
EA, CTAS, GILD, ODFL, AEP, CTSH, ILMN, ADP, PAYX, EXC, XEL, KHC, PEP, ORLY, MDLZ,
KDP, PYPL, AZN, DASH, TMUS, MELI, ISRG, FTNT, PDD, REGN, CMCSA, CSX, GEHC, IDXX,
LIN, META, SBUX,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 7
CMCSA, CSX, GEHC, IDXX, LIN, META,
SBUX,
Moving Below 30 DMA = 1
MNST,
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1 comment:
Hello David! David Ghai here. Thank you for the great analysis. I spoke with Tom S. today via Zoom and mentioned that I have been trying to reach you in regard to iBullyBear. He's was not sure that he still had your contact information. I will submit another request on ibullybear.com. Please reach out to me asap. Blessings, David Ghai
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