© 2020
Earnings
Season Day 4. Yesterday
AMC and this morning nine more SP 500 companies reported.
Gainers: CFG, KSU, STT
Decliners: CSX, SLB, FAST, RF, PBCT, JBHT
SPX: 3,329.62, DJI: 29,348.10, Nasdaq
100: 9,173.73, Nasdaq Composite: 9,388.94, made new all-time closing highs again
today.
As Dave mentors live each day: “Trade with the trend as long as it continues.”
As Dave mentors live each day: “Trade with the trend as long as it continues.”
Nine of eleven sectors were higher on Friday, led by XLC, XLU and XLK.
SPY up 1.03 at 331.95 on 95.8 million shares, above average volume. Up on higher volume.
VIX down .22 at 12.10
V, DOW, TRV led the DJIA, 18 advancers, -8
CTL, CFG, CAG led the SPX, 311 advancers
QCOM, AMD, INTU, GOOGL led the NDX, 57 advancers
Long term up
trend intact. 3-day short term trend is up.
Up: QQQ, SPY,
DIA,
Down: IWM,
Breadth weakened
on Friday as advancers led 1,479 to 1,431 on the NYSE and
decliners led 1,798 to 1,404 on the NASDAQ
The SPX
MFC green line is above 80 and is pointed up at 97 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 Trend: Up
57 of 100 NDX stocks
closed higher on Friday.
89 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, EXPE, MU, AMAT, BIDU, BKNG, CSX, LRCX, MXIM, PYPL,
QCOM, WDC, XLNX, CTAS, EBAY, KLAC, TCOM, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB,
NFLX, SNPS, CHTR, IDXX, INTC, ROST, CMCSA,
ANSS, CPRT, CSGP, SPLK, TMUS, NTES, CTXS, MELI, WDAY, FISV, REGN,
TTWO, VRTX, NTAP, ADP, PAYX, COST, ISRG, ALXN, CHKP, FAST, MAR, PEP, SIRI,
AMGN, CTSH, UAL, AAL, ADI, ALGN, EBAY, ORLY,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 2
CDW, KHC,
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