Friday, January 24, 2020

SPX Falls after Coronavirus Concerns Continue...INTC, AXP, APD Positive EPS Reactions...


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Earnings Season Day 8.  Thursday AMC six and Friday morning BMO four more SP 500 companies reported.
Gainers: INTC, AXP, ADP, NEE, +4
Decliners: ETFC, SIVB, ISRG, SWKS, SYF, DFS, -6

The SPX opened higher and sold off after news regarding a growing of number of cases of coronavirus on Friday.  Both the NDX and COMP made new all-time highs, but finished lower on Friday.  
                                                                                                                                         
One of eleven sectors was higher on Friday, led by XLU, XLRE and XLI.

SPY down 2.95 at 328.77 on 87.5 million shares, above average volume.  Down on higher volume.
VIX up 1.58 at 14.56

INTC, AXP, BA led the DJIA, 6 advancers, -7
ANET, DVA, APD led the SPX, 81 advancers
AVGO, LBTYA, WLTW, NFLX led the NDX, 15 advancers

Long term up trend intact.  3-day short term trend is sideways.

Up:
Down: DIA, QQQ, SPY, IWM,


Breadth weakened on Friday as decliners led 2,081 to 849 on the NYSE and led 2,399 to 816 on the NASDAQ

The SPX MFC green line is above 80 and is slightly down at 92 and is counter-trend defensive

Uptrend sectors XLU, XLK, XLP, XLC,  XLI, XLY, XLV, XLF, XLB,
Neutral sectors:  XLE, XLRE,
Down trend sectors:

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 TrendDown

15 of 100 NDX stocks closed higher on Friday.

71 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMD,  BMRN, MSFT, ADBE, ADSK, EA, LULU, MNST, WLTW, CERN, SBUX, MDLZ, VRSK, GOOGL, ASML, MCHP, NXPI, TXN, ATVI, JD, NVDA, TSLA, ULTA, VRSN, MU, AMAT, CSX, LRCX, MXIM, PYPL, QCOM, WDC, XLNX, CTAS, KLAC, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB, NFLX, SNPS, CHTR, IDXX, INTC,  ANSS, CPRT, CSGP, SPLK, TMUS, NTES, CTXS, MELI, WDAY, FISV, TTWO, VRTX, ADP, PAYX, COST, CHKP, PEP, SIRI, CTSH, EBAY, AVGO, EXPE, SGEN,

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 0


Moving Below 30 DMA = 7
AAL, ADI, BIDU, CMCSA, FOXA, ISRG, ROST,


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Thursday, January 23, 2020

NDX, COMP Make New All-time Closing High after WHO Statement on Coronavirus...NFLX Rebounds...CTXS, AAL, MTB Lead Positive EPS Reactions...



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Earnings Season Day 7.  Yesterday AMC five and BMO this morning twelve more SP 500 companies reported.
Gainers: CTXS, AAL, MTB, KMI, LUV, UNP, SLG, KEY, TXN, KMB, +10
Decliners: PG, FCX, HBAN, CMCSA, TRV, RJF, VFC, -7

The SPX opened lower and sold off this morning.  After the WHO said it was a bit too early to consider the coronavirus a public health emergency of international concern the SPX rose.  The Nasdaq 100: 9,216.98, and Nasdaq Composite: 9,402.48, made all-time closing highs on Thursday.

                                                                                                                                              
Five of eleven sectors were higher on Thursday, led by XLI, XLRE and XLU.

SPY up .38 at 331.72 on 51.9 million shares, below average volume.  Up on higher volume.
VIX up .07 at 12.98

BA, PFE, INTC led the DJIA, 13 advancers, -2
MTB, LB, KMI led the SPX, 303 advancers
CTXS, NFLX, AAL, EXPE led the NDX, 64 advancers

Long term up trend intact.  3-day short term trend is sideways.

Up: QQQ, SPY,
Down: IWM, DIA,

Breadth was steady on Thursday as advancers led 1,459 to 1,424 on the NYSE and decliners led 1,756 to 1,465 on the NASDAQ

The SPX MFC green line is above 80 and is slightly down at 96 and is short-term bullish

Uptrend sectors XLC, XLK, XLI, XLY, XLU, XLV, XLP, XLF, XLB,
Neutral sectors:  XLE, XLRE,
Down trend sectors:

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 TrendSideways

64 of 100 NDX stocks closed higher on Thursday.

78 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMD, FOXA,  BMRN, MSFT, ADBE, ADSK, EA, LULU, MNST, WLTW, CERN, SBUX, MDLZ, VRSK, GOOGL, ASML, MCHP, NXPI, TXN, ATVI, JD, NVDA, TSLA, ULTA, VRSN, MU, AMAT, BIDU, CSX, LRCX, MXIM, PYPL, QCOM, WDC, XLNX, CTAS, KLAC, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB, NFLX, SNPS, CHTR, IDXX, INTC,  ROST, CMCSA, ANSS, CPRT, CSGP, SPLK, TMUS, NTES, CTXS, MELI, WDAY, FISV, TTWO, VRTX, ADP, PAYX, COST, ISRG, CHKP, PEP, SIRI, CTSH, ADI, EBAY, AAL, AVGO, EXPE, SGEN,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 4
AAL, AVGO, EXPE, SGEN,

Moving Below 30 DMA = 5
ALGN, ALXN, ASML, EBAY, ILMN,


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Wednesday, January 22, 2020

Markets Pullback after Updates on Coronavirus...NDX New All-time Closing High..EPS Continue...



© 2020


Earnings Season Day 6.  Yesterday AMC five and this morning seven more SP 500 companies reported.
Gainers: COF, IBM, ABT, FITB
Decliners: BKR, JNJ, APH, PLD, UAL, NTRS, NFLX, ZION

Concerns of the coronavirus cases and fatalities rising weighed on the markets after the SPX, NDX and COMP made new intraday all-time highs.  The Nasdaq 100: 9,188.57, did make an all-time closing high.

                                                                                                                                             
Five of eleven sectors were higher on Wednesday, led by XLK, XLU and XLF.

SPY up .04 at 331.34 on 48.9 million shares, below average volume.  Up on lower volume.
VIX up .06 at 12.91

INTC, IBM, KO led the DJIA, 15 advancers, +3
COF, BLL, ETN led the SPX, 233 advancers
TSLA, SGEN, JD, ALGN led the NDX, 60 advancers

Long term up trend intact.  3-day short term trend is up a little.

Up: QQQ, SPY,
Down: DIA, IWM,

Breadth strengthened moderately on Wednesday as decliners led 1,459 to 1,452 on the NYSE and decliners led 1,634 to 1,574 on the NASDAQ

The SPX MFC green line is above 80 and is slightly down at 96 and is short-term bullish

Uptrend sectors XLC, XLK, XLI, XLY, XLU, XLV, XLP, XLF, XLB,
Neutral sectors:  XLE, XLRE,
Down trend sectors:

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 TrendUp a little

60 of 100 NDX stocks closed higher on Wednesday.

79 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMD, FOXA,  BMRN, MSFT, ADBE, ADSK, EA, LULU, MNST, WLTW, CERN, SBUX, MDLZ, VRSK, GOOGL, ASML, MCHP, NXPI, TXN, ATVI, JD, NVDA, TSLA, ULTA, VRSN, MU, AMAT, BIDU, CSX, LRCX, MXIM, PYPL, QCOM, WDC, XLNX, CTAS, EBAY, KLAC, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB, NFLX, SNPS, CHTR, IDXX, INTC,  ROST, CMCSA, ANSS, CPRT, CSGP, SPLK, TMUS, NTES, CTXS, MELI, WDAY, FISV, TTWO, VRTX, ADP, PAYX, COST, ISRG, ALXN, CHKP, PEP, SIRI, CTSH, ADI, EBAY, ILMN, ALGN,

NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
ALGN,

Moving Below 30 DMA = 2
ORLY, TCOM,


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