Monday, August 2, 2021

SPY, QQQ, DIA Continue to Consolidate Near All-time Highs...Utilities, Discretionary Lead Sectors...


 
© 2021
 
 
IWM, DIA, SPY, each pulled back on Monday and QQQ closed three cents higher as earnings season enters week 4.
 
SPY down .92 at 437.59, on 58.7 million shares, average volume, down on lower volume.  
VIX up 1.22 at 19.46
QQQ up .03, +0.01 at 364.60
 
 
GS, UNH, NKE, IBM led the DJIA, 7 advancers, -5
FTNT, RL, UAA, ETSY led the SPX, 205 advancers.
TSLA, NTES, AMD, PTON led the NDX, 49 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ,
Down: SPY, DIA, IWM,
 
SPY = re-BO setup.
DIA = Pullback at horizontal resistance.
QQQ = Bull flag.
IWM = Channel bounce pullback.
 
Five of eleven sectors were higher on Monday, led by XLU, XLY and XLV.
 
Utilities leaders: NI, CMS, AWK, ES
Consumer Discretionary leaders: RL, TSLA, UAA, ETSY
Health Care leaders: PFE, CNC, ANTM, BIIB
 
 
Advancers strengthened on Monday as decliners led 1,789 to 1,553 on the NYSE and advancers led 2,244 to 2,177 on the NASDAQ.
 
The SPY MFC green line turned down at 90.4 and is counter-trend defensive.  SPY is a re-BO setup. 
 
 
Uptrend sectorsXLV, XLY, XLK, XLRE, XLP, XLC,
Neutral sectors:  XLU, XLI, XLF, XLB, XLE,
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 TrendSideways
 
49 of 100 NDX stocks closed higher on Monday.
 
71 NDX stocks are above their 30 DMA:  PAYX, INTU, GOOGL, IDXX, ILMN, SNPS, MRNA, REGN, DXCM, ADBE, DOCU, LULU, MSFT, TEAM, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, MELI, ADSK, CDW, COST, ORLY, VRSK, ADP, GILD, PEP, SBUX, FAST, CHKP, MNST, CTAS, AMD, ALGN, CSCO, EXC, MRVL, HON, ASML, AVGO, CMCSA, FB, AEP, CTSH, EA, VRTX, XEL, AAL, MAR, AMAT, EA, KLAC, XLNX, CSX, NXPI, TSLA, TXN, ZM, CERN, CHTR, LRCX, SGEN, MCHP, MDLZ, MTCH, NVDA, PTON, SIRI, SWKS,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 7
MCHP, MDLZ, MTCH, NVDA, PTON, SIRI, SWKS,
 
Moving Below 30 DMA = 4
DLTR, FISV, OKTA, ROST,
 
 
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Friday, July 30, 2021

Broad Indexes Move Lower after AMZN Revenues Miss Thursday after the Close...TEAM, DXCM Lead NDX...Materials, Real Estate Lead Sectors...

  
© 2021
 
 
IWM, DIA, SPY, QQQ each pulled back on Friday
 
On Friday, AMZN closed -272.33, -7.56% at 3,327.59 on a negative earnings reaction, as EPS beat but revenues missed
 
PINS fell -13.14, -18.24% as EPS and revenues beat but average monthly users dropped in Q2.  SNAP, FB and GOOGL closed slightly lower on Friday.
 
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Earnings season week 3 is complete and more than 300 S&P companies reported during the first 14 days.  As you can see less than half of the companies had more than a +1% reaction after their earnings report.  Many of the stocks with a neutral to negative reaction have subsequentially reversed to the upside and likely many more may do so since the broad market is still in an uptrend.
 
 
Earnings reactions through Friday:
Positive (1%+):  PEP, WFC, TFC, UNH, USB, STT, IBM, JBHT, ZION, DOV, HAL, HCA, KEY, SYF, CMG, UAL, CMA, IPG, KO, NDAQ, NTRS, CSX, DGX, DHR, DOW, DPZ, MMC, NUE, UNP, SNAP, CE, RHI, TWTR, AXP, NEE, ROP, SLB, HAS, FFIV, ARE, UHS, PKG, GE, BSX, MSCI, PNR, RTX, DTE, FISV, AMD, GOOGL, ENPH, AVY, BXP, PFE, TDY, BMY, GRMN, BA, HES, TEL, QCOM, ALGN, CTSH, HOLX, AFL, CINF, F, IR, AVB, HIG, MAA, RE, XLNX, AOS, CARR, CBRE, HBAN, HLT, HSY, KIM, LH, LKQ, MA, MO, SPGI, WAB, WST, YUM, TEAM, DXCM, KLAC, BIO, DLR, FTV, RSG, CBOE, CERN, CHTR, GSS, LIN, PG, X,
 
Neutral/Negative:  FRC, JPM, GS, CAG, BAC, BLK, C, DAL, PNC, PGR, SCHW, PLD, PPG, OMC, TRV, ANTM, MTB, NFLX, VZ, CCI, DFS, FTI, GL, KMI, LVS, TXN, AAL, ALLE, FITB, GPC, LUV, SNA, T, COF, FE, INTC, SIVB, VRSN, WRB, HON, KMB, RF, LMT, OTIS, CNC, SWK, UPS, MMM, IVZ, IQV, WM, PCAR, ECL, LW, CDNS, AAPL, MSFT, SBUX, V, CB, CHRW, EQR, EXR, IEX, JNPR, MDLZ, MXIM, NLOK, NOV, PFG, SYK, TER, HUM, ADP, CME, GD, MCD, MCO, ODFL, ROL, APH, GNRC, TMO, NSC, FB, PYPL, LRCX, PTC, EQIX, FBHS, DRE, NOW, ORLY, RJF, TYL, UDR, URI, AMT, BAX, CMCSA, CMS, ICE, IP, MAS, MLM, MRK, NLSN, SO, TAP, TFX, TXT, VLO, XEL, PINS, AMZN, GILD, SWKS TMUS, VRTX, AJG, EIX, ES, ESS, EW, FTNT, MHK, MTD, SWN, WELL, ABBV, AON, CAT, CHD, CL, COG, CVX, DISH, IDXX, ITW, JCI, IDXX, ITW, JCI, VFC, WY, XOM,
 
Up from Initial Reaction:  CTAS, MS, BK, ISRG, NVR, KSU, TSCO, PM, JNJ, MKTX, STX, WHR, ABT, AEP, DHI, FCX, POOL, FAST, BKR, EFX, ALK, NEM, PKI, PHM, ADM, ROK, SHW, GLW, TSLA, AMP,
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SPY down 2.14 at 438.51, on 68.9 million shares, above average volume, down on higher volume.  
VIX up .54 at 18.24
QQQ down 1.91, -0.52% at 364.57
 
 
PG, CSCO, HON, NKE led the DJIA, 12 advancers, -12
GE, FTV, BIO, EQIX led the SPX, 210 advancers.
TEAM, DXCM, KLAC, SGEN led the NDX, 57 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: DIA, SPY, QQQ, IWM,
 
SPY = BO setup.
DIA = BO setup.
QQQ = Bull flag.
IWM = Channel bounce pause.
 
Four of eleven sectors were higher on Friday, led by XLB, XLRE and XLP.
 
Basic Materials leaders: YUM, LEN, TSLA, DHI, PHM
Real Estate leaders: FCX, ALB, NUE, MOS
Consumer Staples leaders: HIG, CINF, AFL, SPGI,
 
 
Advancers weakened on Friday as decliners led 1,924 to 1,407 on the NYSE and led 2,705 to 1,684 on the NASDAQ.
 
The SPY MFC green line turned down at 93.5 and is counter-trend defensiveSPY is a BO test. 
 
 
Uptrend sectorsXLV, XLY, XLK, XLRE, XLP, XLC,
Neutral sectors:  XLU, XLI, XLF, XLB, XLE,
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 TrendSideways
 
57 of 100 NDX stocks closed higher on Friday.
 
68 NDX stocks are above their 30 DMA:  PAYX, INTU, GOOGL, IDXX, ILMN, SNPS, MRNA, REGN, DXCM, ADBE, DOCU, LULU, MSFT, TEAM, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, MELI, ADSK, CDW, COST, ORLY, VRSK, ADP, GILD, PEP, SBUX, FAST, CHKP, MNST, CTAS, AMD, OKTA, ALGN, CSCO, EXC, MRVL, HON, ASML, AVGO, CMCSA, FB, FISV, AEP, CTSH, EA, VRTX, XEL, AAL, MAR, AMAT, EA, KLAC, XLNX, CSX, NXPI, ROST, TSLA, TXN, ZM, CERN, CHTR, DLTR, LRCX, SGEN,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 5
CERN, CHTR, DLTR, LRCX, SGEN,
 
Moving Below 30 DMA = 8
AMZN, BKNG, EBAY, MDLZ, MTCH, NVDA, SIRI, SWKS,
 
 
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Thursday, July 29, 2021

IWM, DIA, SPY, QQQ Rally on Thursday.../ES and /NQ Futures Fall After-hours on Negative AMZN Earnings Reaction...

 
 
© 2021
 
 
IWM, DIA, SPY, QQQ each closed higher on Thursday. 
 
After the close, AMZN fell -267.95, -7.44% as EPS beat but revenues missed.  /ES and /NQ futures are lower after the AMZN stock drop.
 
PINS fell -13.72, -19.04% as EPS and revenues beat but average monthly users dropped in Q2.  SNAP, FB and GOOGL were lower in after-hours seemingly in sympathy with the SNAP reaction.
 
 
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Earnings season week 3 continues Friday with 22 cos. including ABBV, AON, CAT, CBOE, CERN, CHD, CHTR, CL, COG, CVX, DISH, GSS, IDXX,  ITW, JCI, LIN LYB, NWL, PG, VFC, WY, XOM reporting BMO.
 
Earnings reactions through Thursday:
Positive (1%+):  PEP, WFC, TFC, UNH, USB, STT, IBM, JBHT, ZION, DOV, HAL, HCA, KEY, SYF, CMG, UAL, CMA, IPG, KO, NDAQ, NTRS, CSX, DGX, DHR, DOW, DPZ, MMC, NUE, UNP, SNAP, CE, RHI, TWTR, AXP, NEE, ROP, SLB, HAS, FFIV, ARE, UHS, PKG, GE, BSX, MSCI, PNR, RTX, DTE, FISV, AMD, GOOGL, ENPH, AVY, BXP, PFE, TDY, BMY, GRMN, BA, HES, TEL, QCOM, ALGN, CTSH, HOLX, AFL, CINF, F, IR, AVB, HIG, MAA, RE, XLNX, AOS, CARR, CBRE, HBAN, HLT, HSY, KIM, LH, LKQ, MA, MO, SPGI, WAB, WST, YUM,
 
Neutral/Negative:  FRC, JPM, GS, CAG, BAC, BLK, C, DAL, PNC, PGR, SCHW, PLD, PPG, OMC, TRV, ANTM, MTB, NFLX, VZ, CCI, DFS, FTI, GL, KMI, LVS, TXN, AAL, ALLE, FITB, GPC, LUV, SNA, T, COF, FE, INTC, SIVB, VRSN, WRB, HON, KMB, RF, LMT, OTIS, CNC, SWK, UPS, MMM, IVZ, IQV, WM, PCAR, ECL, LW, CDNS, AAPL, MSFT, SBUX, V, CB, CHRW, EQR, EXR, IEX, JNPR, MDLZ, MXIM, NLOK, NOV, PFG, SYK, TER, HUM, ADP, CME, GD, MCD, MCO, ODFL, ROL, APH, GNRC, TMO, NSC, FB, PYPL, LRCX, PTC, EQIX, FBHS, DRE, NOW, ORLY, RJF, TYL, UDR, URI, AMT, BAX, CMCSA, CMS, ICE, IP, MAS, MLM, MRK, NLSN, SO, TAP, TFX, TXT, VLO, XEL,
 
AMC Thursday:  AMZN, DXCM, GILD, KLAC, SWKS TMUS, VRTX, AJG, BIO, DLR, EIX, ES, ESS, EW, FTNT, FTV, MHK, MTD, RSG, SWN, WELL,
 
Up from Initial Reaction:  CTAS, MS, BK, ISRG, NVR, KSU, TSCO, PM, JNJ, MKTX, STX, WHR, ABT, AEP, DHI, FCX, POOL, FAST, BKR, EFX, ALK, NEM, PKI, PHM, ADM, ROK, SHW, GLW, TSLA, AMP,
____________________________________________________________________
 
 
SPY up 1.82 at 440.65, on 47.4 million shares, below average volume, up on lower volume.  
VIX down .61 at 17.70
QQQ up .65, +0.18% at 366.48
 
 
TRV, CVX, INTC, DOW led the DJIA, 24 advancers, +15
YUM, LEN, WST, AMD led the SPX, 386 advancers.
ALGN, XLNX, QCOM, CTSH led the NDX, 66 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, SPY, QQQ,
Down:
 
SPY = BO setup.
DIA = BO setup.
QQQ = bull flag.
IWM = continued channel bounce.
 
Nine of eleven sectors were higher on Thursday, led by XLY, XLB and XLF.
 
Consumer Discretionary leaders: YUM, LEN, TSLA, DHI, PHM
Basic Materials leaders: FCX, ALB, NUE, MOS
Financial leaders: HIG, CINF, AFL, SPGI,
 
 
Advancers were mixed on Thursday as advancers led 2,265 to 1,041 on the NYSE and led 2,413 to 1,971 on the NASDAQ.
 
The SPY MFC green line is pointed up at 95.6 and is bullish.  SPY is a re-BO setup. 
 
 
Uptrend sectorsXLV, XLY, XLK, XLRE, XLP, XLC,
Neutral sectors:  XLU, XLI, XLF, XLB, XLE,
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
 
66 of 100 NDX stocks closed higher on Thursday.
 
71 NDX stocks are above their 30 DMA:  PAYX, INTU, GOOGL, IDXX, ILMN, SNPS, MRNA, EBAY, REGN, DXCM, ADBE, DOCU, LULU, MSFT, TEAM, AMZN, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, MELI, ADSK, CDW, COST, ORLY, SWKS, VRSK, ADP, GILD, PEP, SBUX, FAST, CHKP, MDLZ, MNST, CTAS, AMD, OKTA, ALGN, CSCO, EXC, MRVL, HON, ASML, AVGO, CMCSA, FB, FISV, MTCH, AEP, CTSH, EA, VRTX, XEL, AAL, BKNG, MAR, SIRI, AMAT, EA, KLAC, NVDA, XLNX, CSX, NXPI, ROST, TSLA, TXN, ZM,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 6
CSX, NXPI, ROST, TSLA, TXN, ZM,
 
 
Moving Below 30 DMA = 5
AMGN, CHTR, LRCX, PTON, PYPL,
 
 
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