Tuesday, January 14, 2020

SPX Pauses as DAL, C, JPM Rise on Positive EPS Reaction...




© 2020

Earnings Season has begun.  This morning six SP 500 companies reported.
Gainers: DAL, C, JPM, FRC
Decliners: INFO, WFC

Five of eleven sectors were higher on Tuesday, led by XLV, XLU and XLP.

SPY down .50 at 327.45 on 63.0 million shares, above average volume.  Down on higher volume.
VIX up .07 at 12.39

PFE, JPM, WBA led the DJIA, 16 advancers, -5
PRGO, FOSL, APA led the SPX, 268 advancers
INCY, ULTA, TSLA, AVGO led the NDX, 48 advancers

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

Up: IWM, DIA,
Down: SPY, QQQ

Breadth weakened on Tuesday as advancers led 1,681 to 1,250 on the NYSE and led 1,617 to 1,606 on the NASDAQ

The SPX MFC green line is above 80 and is pointed up at 95 and is short-term bullish. 

Uptrend sectors XLC, XLK, XLI, XLY, XLF, XLV, XLU, XLB, XLP,
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

48 of 100 NDX stocks closed higher on Tuesday.

87 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMD, FOXA,  BMRN, MSFT, ADBE, ADSK, EA, LULU, MNST, WLTW, CERN, SBUX, MDLZ, VRSK, GOOGL, ADI, 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, ALGN, SNPS, CHTR, IDXX, INTC,  ROST, CMCSA, ANSS, CDW, CPRT, CSGP, SPLK, TMUS, NTES, CTXS, MELI, WDAY, FISV, REGN, TTWO, VRTX, NTAP, ADP, PAYX, COST, ISRG, ALXN, CHKP, FAST, MAR, PEP, SIRI, AMGN, BIIB, KHC,

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 3
AMGN, BIIB, KHC,

Moving Below 30 DMA = 0


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