Thursday, January 21, 2021

QQQ All-time High on Continued Strength in NVDA, AAPL, INTC, FB, PYPL & more...PCAR Jumps on Autonomous Truck Plans...

 © 2021
 
QQQ closed at a new all-time closing high on continued strength in big tech GOOGL, NVDA, AAPL, INTC, FB, PYPL, AMZN, MSFT, GOOGL, and ADBESPY +0.35, inched its way to a new all-time closing high.
 
PCAR jumped +10.46%, to a new all-time closing high after announcing that it will work with autonomous vehicle startup Aurora Innovation to develop self-driving heavy-duty trucks.
 
NDX +108.54, +0.82%, a new high breakout to a new all-time closing high.
 
SPX +1.22, +0.03%, closed at 3,853, pausing after Wednesday’s big breakout and inched to a new all-time closing high.
 
TSLA fell -0.64%, pulled back in its bull flag pattern grinding back and forth for 8 days.
 
Three of eleven sectors were higher on Thursday, led by XLK, XLY and XLC. 
 
Technology leaders: INTC, ENPH, NVDA, AAPL
Consumer Discretionary leaders: BWA, F, NVR, HAS
Communication Services leaders: VIAC, FB, GCI, DISCA
 
SPY up .35 at 384.24 on 47.8 million shares, below average volume, up on lower volume.
VIX down .26 at 21.32
 
INTC, AAPL, TRV, HD led the DJIA, 10 advancers, -12
BWA, ENPH, F, CMI led the SPX, 165 advancers.
PCAR, MRNA, ASML, NVDA led the NDX, 48 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, DIA,
Down: IWM,
 
Advancers weakened on Thursday as decliners led 1,927 to 1,228 on the NYSE and led 2,178 to 1,684 on the NASDAQ.
 
The SPY MFC green line pointed up at 86.6 and is bullish.  Price action is range day that inches to a new all-time high.
 
Uptrend sectors XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  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
 
48 of 100 NDX stocks closed higher on Thursday.
 
71 NDX stocks are above their 30 DMA:   ALGN, TXN, ADI, AMAT, MU, MXIM, ASML, CSCO, AVGO, ADSK, TSLA, PYPL, ANSS, ATVI, BIDU, CDNS, ILMN, SNPS, CERN, IDXX, ALXN, SWKS, ORLY, NTES, MRVL, PTON, AMGN, INTC, JD, PDD, KLAC, NXPI, EBAY, GILD, LRCX, WBA, BIIB, FOXA, MCHP, QCOM, CSX, EXC, PCAR, CDW, CTAS, DOCU, INCY, MELI, REGN, SPLK, EA, ZM, SGEN, GOOGL, INTU, OKTA, TCOM, VRTX, WDC, AAPL, AMZN, CTSH, DXCM, ISRG, MSFT, NFLX, NVDA, SBUX, CHTR, FB, MRNA,
 
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 3
CHTR, FB, MRNA,  
 
Moving Below 30 DMA = 3
BKNG, TMUS, XEL
 
 
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Wednesday, January 20, 2021

All-time Closing High: NDX, SPX, DJI, RUT...NFLX Soars to Record Close after EPS...

 © 2021
 
NDX, SPX, DJI and RUT gapped up at the open and closed at a new all-time closing high.  NFLX and big tech GOOGL, AMZN, MSFT, AAPL, FB and ADBE roared higher after being in consolidation for several weeks.
 
NFLX soared +16.85%, a new all-time closing high on a positive EPS reaction on strong subscriber growth reaching 200 million.
 
NDX +299.91, +2.31%, a breakout to a new all-time closing high.
 
SPX +52.94, +1.39%, closed at 3,851, a breakout to a new all-time closing high.
 
TSLA rose +0.70%, made a bull flag bounce but with no follow through momentum.
 
Ten of eleven sectors were higher on Wednesday, led by XLC, XLRE and XLK. 
 
Communication Services leaders: NFLX, GOOGL, TTWO, TWTR
Real Estate leaders: PEAK, ESS, DRE, SPG
Technology leaders: NOW, MSFT, AAPL, CRM
 
SPY up 5.24 at 383.89 on 61.7 million shares, average volume, up on higher volume.
VIX down 1.66 at 21.58
 
MSFT, AAPL, CRM, NKE led the DJIA, 22 advancers, +5
F, IVZ, PHM, LEN led the SPX, 319 advancers.
NFLX, GOOGL, AMZN, JD led the NDX, 70 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, DIA, IWM,
Down:
 
Advancers remained strong on Wednesday as advancers led 2,007 to 1,147 on the NYSE and led 2,168 to 1,676 on the NASDAQ.
 
The SPY MFC green line turned up at 85.7 and is bullish.  Price action is a breakout to a new all-time high.
 
Uptrend sectors XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  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
 
70 of 100 NDX stocks closed higher on Wednesday.
 
71 NDX stocks are above their 30 DMA:   ALGN, TXN, ADI, AMAT, MU, MXIM, ASML, CSCO, AVGO, ADSK, TSLA, PYPL, ANSS, ATVI, BIDU, CDNS, ILMN, SNPS, CERN, IDXX, ALXN, SWKS, ORLY, NTES, MRVL, PTON, AMGN, INTC, JD, PDD, KLAC, NXPI, EBAY, GILD, LRCX, WBA, BIIB, FOXA, MCHP, QCOM, CSX, EXC, PCAR, CDW, CTAS, DOCU, INCY, MELI, REGN, SPLK, EA, ZM, SGEN, BKNG, GOOGL, INTU, OKTA, TCOM, VRTX, WDC, AAPL, AMZN, CTSH, DXCM, ISRG, MSFT, NFLX, NVDA, SBUX, TMUS, XEL,
 
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 11
AAPL, AMZN, CTSH, DXCM, ISRG, MSFT, NFLX, NVDA, SBUX, TMUS, XEL
 
Moving Below 30 DMA = 2
CHKP, FAST,
 
 
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Tuesday, January 19, 2021

SPX, NDX Reverses Friday's Pullback, End Higher...QQQ, IWM Lead...

 
© 2021
 
NDX +192.61, +0.79%, a bull flag bounce.
 
SPX +30.66, +0.81%, closed at 3,798, is a bull flag bounce.
 
TSLA rose +2.23%, is forming a bull flag setup.
 
Eight of eleven sectors were higher on Tuesday, led by XLE, XLC and XLK. 
 
SPY up 2.95 at 378.65 on 51.2 million shares, below average volume, up on lower volume.
VIX down 1.10 at 23.24
 
AXP, BA, CVX, MMM led the DJIA, 17 advancers, +9
GM, KMX, ETSY LYV led the SPX, 298 advancers
SWKS, MRVL, LRCX, MU led the NDX, 71 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, IWM, SPY, DIA,
Down:
 
Advancers strengthened on Tuesday as advancers led 1,980 to 1,192 on the NYSE and led 2,604 to 1,255 on the NASDAQ
 
The SPY MFC green line is pointed down at 84.0 and is counter-trend defensive.  Price action is a bull flag bounce.
 
Uptrend sectors XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  XLRE,
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is up a little.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendSideways
 
71 of 100 NDX stocks closed higher on Tuesday.
 
62 NDX stocks are above their 30 DMA:   ALGN, TXN, ADI, AMAT, MU, MXIM, ASML, CSCO, AVGO, ADSK, TSLA, PYPL, ANSS, ATVI, BIDU, CDNS, ILMN, SNPS, CHKP, CERN, IDXX, ALXN, SWKS, ORLY, NTES, MRVL, PTON, AMGN, INTC, JD, PDD, KLAC, NXPI, EBAY, GILD, LRCX, WBA, BIIB, FOXA, MCHP, QCOM, CSX, EXC, FAST, PCAR, CDW, CTAS, DOCU, INCY, MELI, REGN, SPLK, EA, ZM, SGEN, BKNG, GOOGL, INTU, OKTA, TCOM, VRTX, WDC,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 7
BKNG, GOOGL, INTU, OKTA, TCOM, VRTX, WDC,
 
Moving Below 30 DMA = 2
MNST, MTCH,
 
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