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The SPX -16.66, 5,503, opened flat, traded in a range and closed lower. The SPX formed a spinning top. ADP private payrolls was 99K vs 140K
expected.
The NDX +0.05%, opened slightly lower, traded in a range and
closed slightly higher while forming a spinning top candle.
NVDA +1.00, +0.94%, opened
lower, traded in a range and closed higher.
After a negative earnings reaction on Wednesday DLTR +7.72%, and ZS +3.26%, are the first and
third largest gainers on the NDX today.
The August Jobs Report consensus in 160K non-farm
payrolls and 4.2% unemployment rate, due 8:30 am ET on Friday.
After-hours: AVGO -10.12, -6.62%, on a negative earnings reaction after beating Q3 EPS
and revenue estimates and inline guidance.
Mega caps TSLA, AMZN, NVDA, META,
AAPL, GOOGL rose and MSFT, BRK/B fell on Thursday.
SPY down 1.34 at 549.61, 44.1 million shares, below average volume, C-pattern BO
test, spinning top
VIX down 1.42 at 19.90
QQQ up .43 at 461.04
AMZN, MRK, AAPL, TRV led the DJIA, 5 advancers, -9
DLTR, MKTX, TSLA, HRL, BAX led the SPX, 124 advancers
DLTR, TSLA, ZS, CMCSA led the NDX, 31 advancers
Up: QQQ,
Down: SPY, DIA, IWM,
Two of eleven sectors were higher on Thursday,
led by XLY, XLC and XLK.
The SPY MFC green line is
pointed down at 82.9 and is counter-trend defensive.
Uptrend sectors: XLV, XLP,
XLRE, XLU, XLF, XLI, XLC, XLB, XLK,
Neutral sectors: XLY, XLE,
Down trend sectors:
The 6-month intermediate
trend is up. The ten-day trend is down.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Down
31 of 100 NDX stocks
closed higher on Thursday.
53 NDX stocks are above their 30
DMA: CTAS,
GILD, AEP, CTSH, ILMN, ADP, PAYX, EXC, XEL, KHC, ORLY, MDLZ, KDP, PYPL, DASH,
TMUS, MELI, ISRG, FTNT, REGN, GEHC, LIN, META, COST, PANW, TTD, SBUX, ADSK,
CCEP, NFLX, ADBE, CSCO, MRVL, ROP, ROST, TXN, WDAY, TTWO, BKNG, CSGP, LULU, CRWD,
TEAM, HON, MAR, VRSK, CSX, MDB, PEP, TSLA, AAPL, AMZN, CMCSA,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 3
AAPL, AMZN, CMCSA,
Moving Below 30 DMA = 5
ADI, AMGN, AZN, CPRT, MNST,
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1 comment:
Thanks Dave for the continued posting on this site. I very much appreciate it. It's Thursday and I still think of you staying and teaching, even when the lights were turned off in the Investools offices, for our Active Investor Talks.
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