DJI Rises While SPX, NDX, RUT Fall...SPX Falls After Powell Appears before Senate...Utilities, Staples, Financials Lead Sectors...

 

© 2021

 
Earnings season continues on Friday with KSU, SCHW, STT reporting BMO.
 
Earnings reactions after three days:
Positive:  PEP, WFC, TFC, UNH, USB,
Neutral/Negative:  FRC, JPM, GS, CAG, FAST, BAC, BLK, C, DAL, PNC, MS, BK, CTAS, PGR,
 
 
Semiconductor stocks, SMH -2.74%, a move below the LOHD towards short-term support.
 
DJI +53.79, +0.15%, closed at 34,987.  UNH, HON, HD and V were the biggest point gainers on Thursday.
NDX -105.75, -0.71%, closed at 14,794.  A pullback in large cap tech stocks NVDA, AMZN, MSFT GOOGL, FB and AAPL weighed on the NDX.
SPX -14.27, -0.33%, closed at 4,360.  SPX falls after Powell deliveries Semiannual Monetary Policy Report to the Senate today.
 
TSLA -0.43%, a channel bounce down.
 
SPY = One-day bull flag.
DIA = BO setup near all-time high.
QQQ = One-day bull flag.
IWM = Channel bounce down at short-term support.
 
Six of eleven sectors were higher on Thursday, led by XLU, XLP and XLF.
 
Utilities leaders: CNP, AWK, WEC, CMS
Consumer Staples leaders: CAG, CPB, KR, HRL
Financial leaders: AIG, USB, TFC, WRB
 
 
SPY down 1.49 at 434.75, on 55.1 million shares, below average volume, down on lower volume.  
VIX up .68 at 17.01
 
HON, UNH, HD, V led the DJIA, 16 advancers, +1
AIG, USB, TFC, ES led the SPX, 240 advancers.
MRNA, BIDU, JD, PDD led the NDX, 37 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: DIA,
Down: SPY, IWM, QQQ,
 
Advancers strengthened on Thursday as decliners led 2,009 to 1,277 on the NYSE and led 2,641 to 1,721 on the NASDAQ.
 
The SPY MFC green line turned up at 93.3 and is bullish.  SPY a range day at all-time high. 
 
 
Uptrend sectors:  XLK, XLC, XLV, XLY, XLRE, XLP, XLI, XLE, XLF, XLB,
Neutral sectors:  XLU,
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: Down
 
37 of 100 NDX stocks closed higher on Thursday.
 
64 NDX stocks are above their 30 DMA:  TMUS, SGEN, PAYX, INTU, FB, GOOGL, IDXX, ILMN, MRVL, SNPS, MRNA, PYPL, AMD, EBAY, REGN, DXCM, ADBE, DOCU, LULU, MSFT, TEAM, ALGN, AMZN, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, MELI, MTCH, NFLX, OKTA, TSLA, VRSN, ADSK, AMAT, CDW, COST, JD, ORLY, SWKS, BIDU, ROST, VRSK, ADP, AMGN, GILD, AVGO, CMCSA, NTES, PEP, AEP, CSCO, SBUX, CERN, FAST, CHKP, ASML, FISV, JD, MDLZ, NTES, CSCO, MNST, XEL, CHTR, EXC, VRTX,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 3
CHTR, EXC, VRTX,
 
 
Moving Below 30 DMA = 7
ALXN, CTAS, EA, NVDA, NXPI, XLNX, TXN,
 
 
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QQQ All-time Closing High...Earnings Day 2...Staples, Real Estate, Utilities Lead Sectors...

 
© 2021
 
 
Earnings season continues on Thursday with BK, CTAS, MS, PGR, TFC, UNH, USB reporting BMO and PBCT after market close (AMC).
 
Earnings reactions after two days:
Positive:  PEP, WFC,
Neutral/Negative:  FRC, JPM, GS, CAG, FAST, BAC, BLK, C, DAL, PNC,
 
 
Semiconductor stocks, SMH -0.22%, a BO penetration closing below resistance.
 
DJI +44.44, +0.13%, closed at 34,933.  HON, V, AAPL and MMM were the biggest point gainers on Wednesday.
NDX +25.90, +0.17%, closed at 14,900.
SPX +5.09, +0.12%, closed at 4,374.
 
TSLA -2.27%, a channel bounce down.
 
SPY = Range Day at all-time high.
DIA = Range Day near all-time high.
QQQ = All-time closing high.
IWM = Channel bounce down near short-term support.
 
Four of eleven sectors were higher on Wednesday, led by XLP, XLRE and XLU.
 
Consumer Staples leaders: KO, PM, EL, MO
Real Estate leaders: PEP, KO, MNST, WMT
Utilities leaders: BIIB, UNH, ANTM, REGN
 
 
SPY up .65 at 436.24, on 64.1 million shares, below average volume, up on higher volume.  
VIX down .79 at 16.33
 
AAPL, KO, HON, MMM led the DJIA, 15 advancers, +3
WFC, PRGO, AAL, NWL led the SPX, 243 advancers.
MRNA, QCOM, ROST, LULU led the NDX, 47 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, DIA,
Down: IWM,
 
Advancers strengthened on Wednesday as decliners led 1,891 to 1,395 on the NYSE and led 3,022 to 1,396 on the NASDAQ.
 
The SPY MFC green line is pointed down at 92.2 and is counter-trend defensive.  SPY a range day at all-time high. 
 
 
Uptrend sectors:  XLK, XLC, XLV, XLY, XLRE, XLP, XLI, XLE, XLF, XLB,
Neutral sectors:  XLU,
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 a little
 
47 of 100 NDX stocks closed higher on Wednesday.
 
68 NDX stocks are above their 30 DMA:  ALXN, TMUS, SGEN, PAYX, INTU, FB, GOOGL, IDXX, ILMN, MRVL, NVDA, SNPS, MRNA, PYPL, AMD, EBAY, REGN, XLNX, DXCM, ADBE, DOCU, LULU, MSFT, TEAM, ALGN, AMZN, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, CTAS, MELI, MTCH, NFLX, OKTA, TSLA, VRSN, ADSK, AMAT, CDW, COST, JD, ORLY, SWKS, BIDU, ROST, VRSK, ADP, AMGN, GILD, AVGO, CMCSA, NTES, PEP, AEP, CSCO, SBUX, CERN, FAST, CHKP, ASML, TXN, NXPI, EA, FISV, JD, MDLZ, NTES, CSCO, MNST, XEL,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 3
CSCO, MNST, XEL,
 
 
Moving Below 30 DMA = 5
ADI, CHTR, INTC, PTON, ZM,
 
 
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NDX, SPX, DJI, Pause after Record Highs on Monday...Technology Leads Sectors...PEP Up After EPS...

 
© 2021

 
Earnings season continues on Wednesday with BAC, BLK, C, DAL, PNC, WFC reporting before the open (BMO).
 
Semiconductor stocks, SMH a bull flag bounce pause -0.22%. 
 
DJI -107.39, -0.31%, closed at 34,888.  BA, HD, GS and CAT were the biggest point decliners on Tuesday.
NDX -3.35, -0.02%, closed at 14,874.
SPX -15.42, -0.35%, closed at 4,369.
 
TSLA -2.50%, a bull flag bounce pause.
 
SPY = All-time high pullback.
DIA = All-time closing high pullback.
QQQ = All-time high pullback.
IWM = Channel bounce down.
 
One of eleven sectors were higher on Tuesday, led by XLK, XLP and XLV.
 
Technology leaders: MA, V, ADSK, MSFT
Consumer Staples leaders: PEP, KO, MNST, WMT
Health Care leaders: BIIB, UNH, ANTM, REGN
 
 
SPY down 1.49 at 435.59, on 52.9 million shares, below average volume, down on similar volume.  
VIX up .95 at 17.12
 
V, MSFT, KO, AAPL led the DJIA, 12 advancers, -4
TDY, MA, ADSK, EA led the SPX, 73 advancers.
JD, NTES, BIDU, PEP led the NDX, 36 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ,
Down: DIA, SPY, IWM,
 
Advancers weakened on Tuesday as decliners led 2,483 to 836 on the NYSE and led 3,340 to 1,053 on the NASDAQ.
 
The SPY MFC green line turned down at 93.3 and is counter-trend defensive.  SPY hit a new all-time high before close lower. 
 
 
Uptrend sectors:  XLK, XLC, XLV, XLY, XLRE, XLP, XLI, XLE, XLF, XLB,
Neutral sectors:  XLU,
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
 
36 of 100 NDX stocks closed higher on Tuesday.
 
70 NDX stocks are above their 30 DMA:  ALXN, TMUS, SGEN, PAYX, INTU, FB, GOOGL, IDXX, ILMN, MRVL, ZM, NVDA, PTON, SNPS, MRNA, PYPL, AMD, EBAY, REGN, XLNX, DXCM, ADBE, DOCU, LULU, MSFT, TEAM, ALGN, AMZN, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, CTAS, MELI, MTCH, NFLX, OKTA, TSLA, VRSN, ADSK, AMAT, CDW, CHTR, COST, JD, ORLY, SWKS, BIDU, ROST, VRSK, ADP, AMGN, GILD, AVGO, CMCSA, NTES, PEP, AEP, CSCO, SBUX, CERN, FAST, CHKP, ASML, TXN, ADI, INTC, NXPI, EA, FISV, JD, MDLZ, NTES,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 5
EA, FISV, JD, MDLZ, NTES,
 
 
Moving Below 30 DMA = 2
MAR, WDAY,
 
 
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SPY, DIA, QQQ All-time Closing Highs...Financial, Real Estate, Communication Services Lead Sectors...Earnings Seasons with JPM, GS, PEP reporting Tuesday BMO...

 
© 2021

 
Earnings season starts on Tuesday with JPM, GS, PEP, CAG, FAST, FRC reporting before the open (BMO).
 
Semiconductor stocks, SMH a bull flag bounce continuation +1.31%. 
 
DJI +126.02, +0.36%, closed at 34,996.  GS, DIS, UNH and JPM were the biggest point gainers on Friday.
NDX +51.80, +0.35%, closed at 14,877.
SPX +15.08, +0.35%, closed at 4,384.
 
TSLA +4.83%, a bull flag price continuation.
 
SPY = All-time closing high.
DIA = All-time closing high (not intra-day high).
QQQ = All-time closing high.
IWM = Channel bounce continuation.
 
Nine of eleven sectors were higher on Monday, led by XLF, XLRE and XLC.
 
Financial leaders: DFS, SIVB, LNC, TROW
Real Estate leaders: FRT, REG, IRM, PLD
Communication Services leaders: DIS, VIAC, TWTR, NWSA
 
 
SPY up 1.56 at 437.08, on 52.8 million shares, below average volume, up on lower volume.  
VIX down .01 at 16.17
 
DIS, GS, JPM, INTC led the DJIA, 16 advancers, -12
ALB, TSLA, LB, DIS led the SPX, 295 advancers.
TSLA, MRNA, ALGN, ASML led the NDX, 54 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, DIA, SPY, IWM,
Down:
 
Advancers weakened on Monday as advancers led 2,593 to 718 on the NYSE and led 3,356 to 1,012 on the NASDAQ.
 
The SPY MFC green line turned up at 94.1 and is bullish.  SPY closed at a new all-time high. 
 
 
Uptrend sectors:  XLK, XLC, XLV, XLY, XLRE, XLP, XLI, XLE, XLF, XLB,
Neutral sectors:  XLU,
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 a little
 
54 of 100 NDX stocks closed higher on Monday.
 
67 NDX stocks are above their 30 DMA:  ALXN, TMUS, SGEN, PAYX, INTU, FB, GOOGL, IDXX, ILMN, MRVL, ZM, NVDA, PTON, SNPS, MRNA, PYPL, AMD, EBAY, REGN, XLNX, DXCM, ADBE, DOCU, LULU, MSFT, TEAM, ALGN, AMZN, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, CTAS, MELI, MTCH, WDAY, NFLX, OKTA, TSLA, VRSN, ADSK, AMAT, CDW, CHTR, COST, JD, ORLY, SWKS, BIDU, ROST, VRSK, ADP, AMGN, GILD, AVGO, CMCSA, PEP, AEP, CSCO, SBUX, CERN, FAST, CHKP, ASML, MAR, TXN, ADI, INTC, NXPI, 
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
ADI, INTC, NXPI,
 
Moving Below 30 DMA = 3
BIIB, CSCO, SIRI,
 
 
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SPX Reverses Thursday Selloff, New All-time Closing High...

© 2021
 



Semiconductor stocks, SMH a bull flag bounce rallied to close +1.30%. 
 
DJI +448.23, +1.30%, closed at 34,870.  GS, CAT, HON and JPM were the biggest point gainers on Friday.
NDX +103.96, +0.71%, closed at 14,826.
SPX +48.73, +1.13%, closed at 4,369.
 
TSLA +0.63%, opened lower and rebroke out of May 28 resistance is a bull flag price pattern.
 
SPY = All-time closing high.
DIA = All-time closing high (not intra-day high).
QQQ = All-time closing high by 6 cents (not intra-day high).
IWM = Channel bounce above HOLD.
 
All eleven sectors were higher on Friday, led by XLF, XLE and XLB.
 
Financial leaders: DFS, STT, SIVB, COF
Energy leaders: NOV, OKE, HAL, BKR
Basic Materials leaders: ALB, LYB, NUE, MOS
 
 
SPY up 4.60 at 435.52, on 76.2 million shares, above average volume, up on lower volume.  
VIX down 2.82 at 16.18
 
GS, TRV, JPM, DOW led the DJIA, 28 advancers, +23
DFS, NOV, STT, SIVB led the SPX, 456 advancers.
CHKP, JD, MAR, WDC led the NDX, 83 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, SPY, QQQ,
Down:
 
Advancers strengthened on Friday as advancers led 2,593 to 718 on the NYSE and led 3,356 to 1,012 on the NASDAQ.
 
The SPY MFC green line is pointed down at 94 and is counter-trend defensive.  SPY was a bull flag bounce and closed at a new all-time high. 
 
 
Uptrend sectors:  XLK, XLC, XLV, XLY, XLRE, XLP, XLI, XLE, XLF, XLB,
Neutral sectors:  XLU,
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 a little
 
83 of 100 NDX stocks closed higher on Friday.
 
67 NDX stocks are above their 30 DMA:  ALXN, TMUS, SGEN, PAYX, INTU, FB, GOOGL, IDXX, ILMN, MRVL, ZM, NVDA, PTON, SNPS, MRNA, PYPL, AMD, EBAY, REGN, XLNX, DXCM, ADBE, BIIB, DOCU, LULU, MSFT, TEAM, ALGN, AMZN, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, CTAS, MELI, MTCH, WDAY, NFLX, OKTA, TSLA, VRSN, ADSK, AMAT, CDW, CHTR, COST, JD, ORLY, SWKS, BIDU, ROST, VRSK, ADP, AMGN, GILD, AVGO, CMCSA, PEP, AEP, CSCO, SBUX, CERN, FAST, CHKP, ASML, CSCO, MAR, SIRI, TXN,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 5
ASML, CSCO, MAR, SIRI, TXN,
 
Moving Below 30 DMA = 0
 
 
 
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