DIS Pops, NFLX Drops...JPM Soars after EPS...

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SPY, QQQ, DIA, IWM Continue to Rise in Rally Week 16…

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JPM +4.69%  after reporting EPS this morning.  This is an atypically strong reaction for JPM.  SPX EPS reactions this week: 4 positive:  DAL, FAST, JPM, PNC…2 negative: WFC, FRC

                  (click image to enlarge)

DIS +11.54% gapped up to an all-time high after announcing a November launch of their new streaming service for $6.99 a month.  NFLX -4.49% gapped down on the DIS news which is viewed as direct competition. NFLX will report EPS on Tuesday, April 16. 

The DJIA, closed up 269 points at 26,412, led by strength in DIS, BA, GS, JPM, and MMM.  Tenth straight close above 26,000 since March 1.

Ten of eleven sectors were higher on Friday, led by financials XLF +1.84% and materials XLB +1.32%.

SPY up 1.95 at 290.16 on 69.7 million shares, 4% below average volume. Up on higher volume.

VIX down 1.01 at 12.01

Oil up .05 at 63.76

TLT down .88 at 122.67 on 7.0 million shares. 

DIS +11.54%, JPM +4.69%, led the DJIA, 24 advancers, +7

APC +32.01%, PXD +11.53% and CXO +8.75%, led the SPX.

CHKP +3.65%, ILMN +3.00%, SWKS +2.77%, and NXPI +2.75%, led the NDX.

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

Up: DIA, SPY, QQQ, IWM,

Down:

Breadth strengthened on Friday, as advancers led 1,813 to 1,032 on the NYSE and led 1,693 to 1,327 on the NASDAQQ

The SPY MFC green line is at 96 and is intermediate and short-term bullish. 

Uptrend sectors: XLRE, XLU, XLP, XLY, XLK, XLI, XLC, XLB,

Neutral sectors:  XLV, XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

73 of 100 NDX stocks closed higher on Friday.

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

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

HAS, QCOM,  

Moving Below 30 DMA = 1

NFLX,

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Trading Range Day with a Rally into the Close, FAST +5.05%, JPM, WFC, PNC Report Friday Morning...

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DAL +1.6% on Wed after reporting EPS BMO.  FAST +5.05% today after reporting AMC on Wed.  Tomorrow JPM, WFC and PNC will report BMO and really kick-off earnings season.  Hundreds of companies will report over the next four weeks.

SPX rallied into the close for third day in a row and finished up .11 point after trading lower during the previous four hours.

The DJIA, closed down 14 points at 26,143, led by weakness in UNH, AAPL, and WBA.  Ninth straight close above 26,000 since March 1.

Seven of eleven sectors were higher on Thursday, led by industrials XLI +0.86% and financials XLF +0.60%.

SPY down .08 at 288.21 on 55.0 million shares, 24% below average volume. Down on higher volume.

VIX down .28 at 13.02

Oil down .76 at 63.71

TLT down .73 at 123.55 on 8.6 million shares. 

BA +1.43%, WMT +1.20%, led the DJIA, 17 advancers, -3

KR +3.04%, URI +2.94% and FLR +2.84%, led the SPX.

FAST +5.05%, AAL +2.32%, JBHT +2.27%, and FOXA +1.67%, led the NDX.

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

Up:

Down: SPY, DIA, IWM, QQQ,

Breadth weakened on Thursday, as advancers led 1,549 to 1,302 on the NYSE and decliners led 1,629 to 1,367 on the NASDAQ

The SPY MFC green line is pointed up at 96 and is intermediate and short-term bullish. 

Uptrend sectors: XLRE, XLU, XLP, XLY, XLK, XLI, XLC, XLB,

Neutral sectors:  XLV, XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

51 of 100 NDX stocks closed higher on Thursday.

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

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 1

JBHT,

Moving Below 30 DMA = 5

BMRN, EBAY, FISV, QCOM, VRTX,

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SPY Bounces after One-day Pullback, Inches Closer to Oct Resistance...

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SPX was range bound until the FOMC minutes were released at 2 pm ET.  SPX rallied into the close and finished up 10 points.

The DJIA, closed up 6 points at 26,157, led by weakness in GS, CAT, AAPL, V and IBM.  Eighth straight close above 26,000 since March 1.

Eight of eleven sectors were higher on Wednesday, led by real estate XLRE +0.80% and technology XLK +0.70%.

SPY up .98 at 288.29 on 52.6 million shares, 28% below average volume. Up on lower volume.

VIX down .98 at 13.30

Oil up .25 at 64.47

TLT up .30 at 124.28 on 7.5 million shares. 

GS +1.18%, CSCO +1.16%, led the DJIA, 20 advancers, +15

CAG +6.72%, DISCA +6.07% and DLPH +4.45%, led the SPX.

REGN +3.16%, ALXN +2.65%, ILMN +2.60%, and WDAY +2.25%, led the NDX.

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

Up: IWM, QQQ, SPY, DIA,

Down:

Breadth strengthened on Wednesday, as advancers led 2,122 to 768 on the NYSE and led 2,098 to 955 on the NASDAQ

The SPY MFC green line is pointed up at 96 and is intermediate and short-term bullish. 

Uptrend sectors: XLRE, XLU, XLP, XLY, XLK, XLI, XLC, XLB,

Neutral sectors:  XLV, XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

80 of 100 NDX stocks closed higher on Wednesday.

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

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 4

BMRN, CTXS, EA, TMUS,

Moving Below 30 DMA = 1

JBHT, (moved above 30 DMA last week)

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SPY Pulls Back after Lower Open, Closes at Mondays Low, Day One of Potential Pullback...

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The DJIA, closed down 190 points at 26,150, led by weakness in BA, CAT, MMM, HD and GS.  Seventh straight close above 26,000 since March 1.

Two of eleven sectors were higher on Tuesday, led by communication services XLC +0.44% and utilities XLU +0.24%.

SPY down 1.48 at 287.31 on 66.1 million shares, 10% below average volume. Down on higher volume.

VIX up 1.10 at 14.28

Oil down .24 at 64.22

TLT up .39 at 123.98 on 7.0 million shares. 

DIS +1.65%, KO +0.26%, led the DJIA, 5 advancers, -13

CPB +2.49%, CNC +2.19% and TRIP +1.55%, led the SPX.

CERN +10.30%, MNST +3.05%, WDAY +1.97%, and FB +1.51%, led the NDX.

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

Up:

Down: QQQ, SPY, DIA, IWM,

Breadth weakened on Tuesday, as decliners led 2,169 to 697 on the NYSE and led 2,201 to 805 on the NASDAQ

The SPY MFC green line is pointed down at 95 and is intermediate term bullish, short-term counter-trend defensive. 

Uptrend sectors: XLRE, XLU, XLP, XLY, XLK, XLI, XLC, XLB,

Neutral sectors:  XLV, XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

25 of 100 NDX stocks closed higher on Tuesday.

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

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 2

BMRN, HAS, (both stocks moved above 30 DMA last week)

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SPY Inches Closer to October High and Potential Intermediate Term Breakout...

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Did you see the pullback and bounce today?  SPY closes $1.45 below its 2019 high of 290.24, which is a multi-month HBO area.

The DJIA, closed down 83 points at 26,341, led by weakness in BA, MCD and NKE.  Sixth straight close above 26,000 since March 1.

Six of eleven sectors were higher on Monday, led by energy XLE +0.44% and staples XLP +0.41%.

SPY up .22 at 288.79 on 53.5 million shares, 27% below average volume. Up on higher volume.

VIX up .36 at 13.18

Oil up 1.20 at 64.46

TLT down .44 at 123.59 on 4.4 million shares. 

AAPL +1.57%, PG +1.27%, led the DJIA, 18 advancers, -6

FCX +3.08%, SLB +2.60% and COG +2.48%, led the SPX.

SYMC +5.44%, WYNN +2.77%, BIDU +1.77%, and CSX +2.91.617%, led the NDX.

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

Up: QQQ, SPY,

Down: IWM, DIA,

Breadth weakened on Monday, as advancers led 1,462 to 1,405 on the NYSE and decliners led 1,611 to 1,431 on the NASDAQ

The SPY MFC green line is pointed up at 97 and is bullish. 

Uptrend sectors: XLRE, XLU, XLP, XLY, XLK, XLI, XLC, XLB,

Neutral sectors:  XLV, XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

56 of 100 NDX stocks closed higher on Monday.

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

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 1

EXPE,

Moving Below 30 DMA = 1

EA,

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