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

© 2020

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 Trend: Sideways

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, 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,

Add Comments here