FB Leads NDX, SPX Higher as DJIA Lags...AMZN Falls After-hours on EPS...

© 2018

SPY, QQQ and IWM closed above horizontal resistance while DIA tested Wednesday’s breakout:

• FB +10.82%, CHTR +14.19% and WYNN +2.10% gained on positive EPS reaction.
• DWDP, V and MSFT fell on negative earnings reactions preventing the DJIA from moving up on Thursday.
• AMZN -4.87%, -88.73 fell after-hours on a negative EPS and guidance reaction,
• Jobs Report for January on Friday before the open. 

The DJIA, closed down 15 points at 24,999, led by weakness in DWDP, GS, MCD, V and UNHBA.  DWDP -9.23%, V -1.88% and MSFT -1.83% fell on a negative earnings reaction. 

Eight eleven sectors were higher on Thursday, led by communication services XLC +4.08% and utilities XLU +2.11%.

SPY up 2.35 at 269.93 on 92.3 million shares, 16% below average volume. Up on higher volume.

VIX down 1.09 at 16.57 

Oil down .20 at 54.02

TLT up 1.04 at 121.97 on 11.8 million shares.

PFE +2.98%, CAT +2.34%, led the DJIA, 19 advancers, -8

GE +11.65%, COTY +7.48% and ABC +6.16%, led the SPX.

CHTR +14.19%, FB +10.82%, ALGN +6.92%, and AMD +5.72% led the NDX.

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

Up: QQQ, SPY, IWM,

Down: DIA,

Breadth weakened on Thursday, as advancers led 2,039 to 915 on the NYSE and led 1,992 to 1,129 on the NASDAQ

The SPY MFC green line is in the upper zone pointed up at 93 and is short-term bullish.

Uptrend sectors:  

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

Down trend sectors:

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Up

65 of 100 NDX stocks closed higher on Thursday.

93 NDX stocks are above their 30 DMA:  DLTR, REGN, WDAY, XRAY, ROST, LULU, CELG, INCY, NFLX, AMZN, BIIB, CDNS, CTRP, EA, EBAY, FB, GILD, PCAR, PYPL, TMUS, VRTX, WYNN, XLNX, CTAS, MELI, TXN, ULTA, VRSN, ADBE, ADSK, BMRN, HAS, INTU, MCHP, ADI, AMAT, AVGO, ISRG, KLAC, LRCX, NXPI, SNPS, FAST, JBHT, MDLZ, MNST, PAYX, SWKS, WLTW, CSX, ALXN, CTSH, EXPE, GOOGL, IDXX, KHC, MXIM, NTAP, VRSK, ALGN, ADP, CHKP, COST, CSCO, FISV, MU, SBUX, ASML, FOXA, LBTYA, BKNG, CERN, CMCSA, JD, MAR, AAL, SYMC, UAL, WDC, BIDU, MYL, WBA, AAPL, AMD, HSIC, MSFT, NTES, ORLY PEP, ATVI, CHTR, NVDA, TTWO,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 4

ATVI, CHTR, NVDA, TTWO,

Moving Below 30 DMA = 1

INTC,

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AAPL, AMD, BA Lead Broad Rally and Lift NDX, DJIA...FB +11.35% in After-hours...

© 2018

SPY, QQQ and IWM bounced in their bull flag price pattern and are a horizontal breakout setup:

• AMD, AAPL, BA, SYK, ANTM, RCL, KLAC and ALGN had positive earnings reactions on Wednesday.
• As expected FOMC left rates unchanged and the Fed Chair was able to more clearly communicate the message.
• FB +11.51% and WYNN +3.25% gained on positive EPS reaction in after-hours
• ALGN +4.86% reversed Tuesday’s after-hours negative EPS reaction,
• Jobs Report for January on Friday before the open. 

                            (click image to enlarge)

The DJIA, closed up 434 points at 25,014, led by strength in BA, AAPL, CAT, MSFT and UNH.  AAPL +6.83% and BA +6.25% gained on a positive earnings reaction.  MSFT -2.99% was down after reporting earnings after the close. 

All eleven sectors were higher on Wednesday, led by technology XLK +1.38% and materials XLB +1.04%.

SPY up 4.17 at 267.58 on 92.3 million shares, 27% below average volume. Up on higher volume.

VIX down 1.47 at 17.66 

Oil up .98 at 54.22

TLT down .09 at 120.93 on 10.5 million shares. 

AAPL +6.83%, BA +6.25%, led the DJIA, 27 advancers, +9

SYK +11.37%, ANTM +9.11% and RCL +7.97%, led the SPX.

AMD +19.95%, MYL +7.13%, KLAC +4.94%, and ALGN +4.86% led the NDX.

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

Up: QQQ, DIA, SPY, IWM,

Down:

Breadth strengthened on Wednesday, as advancers led 2,366 to 594 on the NYSE and led 2,123 to 896 on the NASDAQ

The SPY MFC green line is in the upper zone pointed up at 91 and is short-term bullish.

Uptrend sectors:  

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

Down trend sectors:

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Up

88 of 100 NDX stocks closed higher on Wednesday.

90 NDX stocks are above their 30 DMA:  DLTR, REGN, WDAY, XRAY, ROST, LULU, CELG, INCY, NFLX, AMZN, BIIB, CDNS, CTRP, EA, EBAY, FB, GILD, PCAR, PYPL, TMUS, VRTX, WYNN, XLNX, CTAS, MELI, TXN, ULTA, VRSN, ADBE, ADSK, BMRN, HAS, INTU, MCHP, ADI, AMAT, AVGO, ISRG, KLAC, LRCX, NXPI, SNPS, FAST, JBHT, MDLZ, MNST, PAYX, SWKS, WLTW, CSX, ALXN, CTSH, EXPE, GOOGL, IDXX, KHC, MXIM, NTAP, VRSK, ALGN, ADP, CHKP, COST, CSCO, FISV, MU, SBUX, ASML, FOXA, LBTYA, BKNG, CERN, CMCSA, JD, MAR, AAL, SYMC, UAL, WDC, BIDU, MYL, WBA, AAPL, AMD, HSIC, INTC, MSFT, NTES, ORLY PEP,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 8

AAPL, AMD, HSIC, INTC, MSFT, NTES, ORLY PEP,

Moving Below 30 DMA = 0

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AAPL, AMD Gain in After-hours on EPS Reactions...

More to follow…

© 2018

SPY, DIA, QQQ and IWM pulled back in their bull flag price pattern for a second day on Tuesday continuing a second chance bounce setup:

• MMM, PFE and PCAR had positive earnings reactions on Tuesday morning.
• WHR +9.67% reversed Monday after-hours negative EPS reaction,
• More than 20% of SPX stocks report EPS this week including AAPL, AMZN, FB,
• AAPL +5.73% and AMD +9.09% gained on positive EPS reaction in after-hours
• FOMC announcement on Wed at 2 pm, no rate change expected,
• Jobs Report for January on Friday before the open.

   

The DJIA, closed up 51 points at 24,579, led by strength in MMM, UTX, CAT, BA and JNJ.  MMM +1.94% gained on a positive earnings reaction.  BA reports earnings before the open on Wednesday.

Seven of eleven sectors were higher on Tuesday, led by industrials XLI +1.38% and materials XLB +1.04%.

SPY down .35 at 263.41 on 66.1 million shares, 48% below average volume. Down on lower volume.

VIX up .26 at 19.13 

Oil up 1.15 at 53.24

TLT up .61 at 121.02 on 5.7 million shares. 

CAT +2.52%, UTX +2.30%, led the DJIA, 18 advancers, +12

PCG +16.49%, XRX +11.40% and GLW +11.07%, led the SPX.

PCAR +5.77%, GILD +2.47%, CMCSA +2.01%, and XRAY +1.58% led the NDX.

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

Up: DIA,

Down: SPY, IWM, QQQ,

Breadth strengthened on Tuesday, as advancers led 1,616 to 1,248 on the NYSE and decliners led 1,673 to 1,325 on the NASDAQ

The SPY MFC green line is in the upper zone pointed up at 89 and is short-term bullish.

Uptrend sectors:  

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

Down trend sectors: 

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Sideways

33 of 100 NDX stocks closed higher on Tuesday.

82 NDX stocks are above their 30 DMA:  DLTR, REGN, WDAY, XRAY, ROST, LULU, CELG, INCY, NFLX, AMZN, BIIB, CDNS, CTRP, EA, EBAY, FB, GILD, PCAR, PYPL, TMUS, VRTX, WYNN, XLNX, CTAS, MELI, TXN, ULTA, VRSN, ADBE, ADSK, BMRN, HAS, INTU, MCHP, ADI, AMAT, AVGO, ISRG, KLAC, LRCX, NXPI, SNPS, FAST, JBHT, MDLZ, MNST, PAYX, SWKS, WLTW, CSX, ALXN, CTSH, EXPE, GOOGL, IDXX, KHC, MXIM, NTAP, VRSK, ALGN, ADP, CHKP, COST, CSCO, FISV, MU, SBUX, ASML, FOXA, LBTYA, BKNG, CERN, CMCSA, JD, MAR, AAL, SYMC, UAL, WDC, BIDU, MYL, WBA,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 3

AAPL, AMD, MSFT,

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SPX Gaps Lower after CAT EPS and NVDA Lowers Guidance...

© 2018

SPY, DIA, QQQ and IWM pulled back in their bull flag price pattern on Monday creating a second chance bounce setup:

• CAT EPS and NVDA lower guidance put pressure on SPX before the open Monday,
• More than 20% of SPX stocks report EPS this week including AAPL, AMZN, FB,
• FOMC announcement on Wed at 2 pm, no rate change expected,
• WHR -6.60% and CE -4.75% negative EPS reaction after-hours,
• Jobs Report for January on Friday before the open. 

  

The DJIA, closed down 208 points at 24,528, led by weakness in CAT, MMM, V, MSFT and AAPL.  

Two of eleven sectors were higher on Monday, led by materials XLRE +1.00% and staples XLP +0.43%.

SPY down 2.02 at 263.76 on 85.2 million shares, 33% below average volume. Down on lower volume.

VIX up 1.45 at 18.87 

Oil down 1.46 at 52.09

TLT down .12 at 120.541 on 6.4 million shares. 

DWDP +0.64%, JNJ +0.59%, led the DJIA, 6 advancers, -15

EL +3.05%, MO +2.40% and MLM +2.23%, led the SPX.

AAL +4.55%, MELI +3.53%, SYMC +2.31%, and WDC +1.95% led the NDX.

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

Up:

Down: IWM, SPY, DIA, QQQ,

Breadth weakened on Monday, as decliners led 1,596 to 1,299 on the NYSE and led 1,914 to 1,103 on the NASDAQ

The SPY MFC green line is in the upper zone pointed up at 87 and is short-term bullish.

Uptrend sectors:  

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

Down trend sectors:

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Sideways

25 of 100 NDX stocks closed higher on Monday.

85 NDX stocks are above their 30 DMA:  DLTR, REGN, WDAY, XRAY, ROST, LULU, CELG, INCY, NFLX, AMZN, BIIB, CDNS, CTRP, EA, EBAY, FB, GILD, PCAR, PYPL, TMUS, VRTX, WYNN, XLNX, AMD, CTAS, MELI, TXN, ULTA, VRSN, ADBE, ADSK, BMRN, HAS, INTU, MCHP, ADI, AMAT, AVGO, ISRG, KLAC, LRCX, NXPI, SNPS, FAST, JBHT, MDLZ, MNST, PAYX, SWKS, WLTW, CSX, ALXN, CTSH, EXPE, GOOGL, IDXX, KHC, MSFT, MXIM, NTAP, VRSK, ALGN, ADP, CHKP, COST, CSCO, FISV, MU, SBUX, ASML, FOXA, LBTYA, BKNG, CERN, CMCSA, JD, MAR, AAL, SYMC, UAL, WDC, AAPL, BIDU, MYL, WBA,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 3

AMGN, ATVI, NVDA,

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Bull Flag Bounce in SPY, DIA, QQQ & IWM as Uptrend Continues in Week Five...

© 2018

SPY, DIA, QQQ and IWM bounced their bull flag price pattern on Friday.

  

The DJIA, closed up 183 points at 24,737, led by strength in BA, AAPL, CAT, MMM and HD.  

Nine of eleven sectors were higher on Friday, led by materials XLB +1.90% and technology XLK +1.42%.

SPY up 2.23 at 265.78 on 96.8 million shares, 25% below average volume. Up on higher volume.

VIX down 1.47 at 17.42 

Oil up .37 at 53.55

TLT down .58 at 120.53 on 6.4 million shares. 

AAPL +3.31%, CAT +3.11%, led the DJIA, 21 advancers, +8

STX +6.57%, SIVB +6.01% and DLPH +5.45%, led the SPX.

WDC +7.55%, JD +6.92%, MU +6.48%, and AMD +5.18% led the NDX.

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

Up: IWM, QQQ, SPY, DIA,

Down:

Breadth strengthened on Friday, as advancers led 2,248 to 658 on the NYSE and led 2,131 to 871 on the NASDAQ

The SPY MFC green line crossed into the upper zone and is pointed up at 84 and is short-term bullish.

Uptrend sectors:  

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

Down trend sectors:

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Up

89 of 100 NDX stocks closed higher on Friday.

88 NDX stocks are above their 30 DMA:  DLTR, REGN, WDAY, XRAY, ROST, LULU, CELG, INCY, NFLX, AMGN, AMZN, BIIB, CDNS, CTRP, EA, EBAY, FB, GILD, PCAR, PYPL, TMUS, VRTX, WYNN, XLNX, AMD, CTAS, MELI, TXN, ULTA, VRSN, ADBE, ADSK, BMRN, HAS, INTU, MCHP, ADI, AMAT, AVGO, ISRG, KLAC, LRCX, NXPI, SNPS, FAST, JBHT, MDLZ, MNST, NVDA, PAYX, SWKS, WLTW, CSX, ALXN, CTSH, EXPE, GOOGL, IDXX, KHC, MSFT, MXIM, NTAP, VRSK, ALGN, ADP, CHKP, COST, CSCO, FISV, MU, SBUX, ASML, FOXA, LBTYA, BKNG, CERN, CMCSA, JD, MAR, AAL, SYMC, UAL, WDC, AAPL, ATVI, BIDU, MYL, WBA,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 5

AAPL, ATVI, BIDU, MYL, WBA,

Moving Below 30 DMA = 1

INTC,

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