SPX Closes with a Two-day Rally, but Down for October...FB Gains on Positive EPS Reaction...

© 2018

Stocks fell big in October, and among the biggest losers were ALGN, WDC, NVDA, EA, WYNN, AMZN, CELG, ALXN, NFLX, ADSK and ATVI in the NDX. IBM, CAT, DWDP, HD, NKE and UTX were weak in the DJIA.

The relatively few October gainers included TSLA, TWTR, CBOE, HRL, JWN, WBA, GM, CMCSA, CME, XLNX, DLTR, SBUX, VZ, WMT, PG, MCD and MRK. 

Earnings season continued on Wednesday. Positive reactions included FB, TAP, GM, FLT, HFC, INCY, MGM, EBAY and ICE.  Negative reactions: BAX, K, APC

The DJIA, closed up 241 points at 25,115, led by strength in GS, AAPL, V, BA and CAT.  This is the first close above 25,000 in five days.

Eight of eleven sectors were higher on Wednesday, led by technology XLK +2.38% and communications XLC +2.06%.

SPY up 2.86 at 270.63, on 128.1 million shares, 8% above average volume. Up on lower volume.

VIX down 2.12 at 21.23 

Oil down 1.49 at 64.86

TLT down .58 at 113.58 on 8.7 million shares. 

V +3.83%, CAT +3.29%, led the DJIA, 22 advancers, -4.

TAP +9.95%, GM +9.09% and FLT +7.98%, led the SPX.

TMUS +7.24%, CTRP +6.74%, INCY +6.21%, and ISRG +6.19% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: QQQ, SPY, DIA, IWM,

Down:

Breadth weakened on Wednesday, as advancers led 1,779 to 1,177 on the NYSE and led 1,862 to 1,200 on the NASDAQ

The SPY MFC green line is pointed up at 19 and is short-term bullish.

Uptrend sectors:   XLU, XLP,

Neutral sectors:  XLV, XLRE,

Down trend sectors: XLK, XLY, XLI, XLF, XLE, XLC, XLB,

The 6-month intermediate and long-term trends are still up.  The three-month trend is down.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

73 of 100 NDX stocks closed higher on Wednesday.

22 NDX stocks are above their 30 DMA.  SBUX, WBA, CDNS, TSLA, PEP, XLNX, CA, ROST, CMCSA, DLTR, ESRX, EXPE, INTC, QRTEA, SHPG, CHTR, COST, MELI, PYPL, TMUS, TTWO, VRSK,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 7

CHTR, COST, MELI, PYPL, TMUS, TTWO, VRSK,

Moving Below 30 DMA = 3

FOXA, KHC, MDLZ,

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Broad Market Rally on Tuesday, BA Bounces and FB Up in After Hours...

© 2018

Earnings season continued on Tuesday. Positive reactions included UAA, VMC, AKAM, ST, CACC, KLAC and BKI.  Negative reactions: FLIR, GE, AGN,

The DJIA, closed up 431 points at 24,874, led by strength in BA, MCD, GS, MMM and TRV.  This is the fifrth close below 25,000 since July 12.

The SPY bounced and formed a piercing line candle.  SPY, DIA and QQQ remains in a MACD bullish divergence setup with a bullish candle.

All eleven sectors were higher on Tuesday, led by communications XLC +2.73% and energy XLE +2.31%.

SPY up 3.91 at 267.77, on 160.7 million shares, 36% above average volume. Up on lower volume.

VIX down 1.35 at 23.35 

Oil down .34 at 66.35

TLT down .57 at 114.16 on 9.9 million shares. 

INTC +5.20%, BA +4.27%, led the DJIA, 26 advancers, +11.

UAA +27.71%, VMC +17.49% and AKAM +16.92%, led the SPX.

TTWO +11.00%, NVDA +9.36%, MELI +8.03%, and KLAC +7.60% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is down.

Up: IWM, DIA, QQQ, SPY,

Down:

Breadth strengthened on Tuesday, as advancers led 2,061 to 885 on the NYSE and led 2,028 to 996 on the NASDAQ

The SPY MFC green line turned up at 13 and is short-term bullish.

Uptrend sectors:   XLU, XLP,

Neutral sectors:  XLV, XLRE,

Down trend sectors: XLK, XLY, XLI, XLF, XLE, XLC, XLB,

The 6-month intermediate and long-term trends are still up.  The three-month trend is down.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down

85 of 100 NDX stocks closed higher on Tuesday.

18 NDX stocks are above their 30 DMA.  SBUX, WBA, CDNS, TSLA, PEP, XLNX, CA, ROST, CMCSA, DLTR, ESRX, EXPE, FOXA, INTC, KHC, MDLZ, QRTEA, SHPG,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 8

ESRX, EXPE, FOXA, INTC, KHC, MDLZ, QRTEA, SHPG,

Moving Below 30 DMA = 1

ULTA,

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Wide Range Day as BA Drops After Report of Lion Air Crash...

© 2018

The DJIA, closed down 245 points at 24,442, led by weakness in BA, IBM, AAPL, V and MSFT.  This is the fourth close below 25,000 since July 12.

The SPY formed a wide range day candle with shadows on the top and bottom.  SPY, DIA and QQQ remain in a MACD bullish divergence setup.

Five of eleven sectors were higher on Monday, strongest were real estate XLRE +1.65% and utilities XLU +1.41%.

SPY down 1.47 at 263.86, on 160.7 million shares, 43% above average volume. Down on lower volume.

VIX up .54 at 24.70 

Oil down .93 at 66.69

TLT down .26 at 114.73 on 7.6 million shares. 

VZ +1.75%, MRK +1.49%, led the DJIA, 15 advancers, +11.

RHT +45.38%, M +4.97% and BWA +3.97%, led the SPX.
CERN +5.13%, SHPG +3.34%, PEP +2.21%, and CMCSA +2.13% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is down.

Up: 

Down: IWM, SYP, DIA, QQQ,

Breadth strengthened on Monday, as decliners led 1,689 to 1,248 on the NYSE and led 1,808 to 1,235 on the NASDAQ

The SPY MFC green line is pointed down at 12 and is short-term bearish.

Uptrend sectors:   XLU, XLP,

Neutral sectors:  XLV, XLRE,

Down trend sectors: XLK, XLY, XLI, XLF, XLE, XLC, XLB,

The 6-month intermediate and long-term trends are still up.  The three-month trend is down.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down

40 of 100 NDX stocks closed higher on Monday.

11 NDX stocks are above their 30 DMA.  SBUX, WBA, CDNS, TSLA, PEP, XLNX, CA, ROST, CMCSA, DLTR, ULTA,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

CMCSA, DLTR, ULTA, 

Moving Below 30 DMA = 0

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AMZN, GOOGL Lead SPX, NDX Back to Wednesday's Support...

© 2018

  

Earnings season continued on Friday. Positive reactions included ROP, COG, CINF, RMD, and CMG.  Negative reactions: AMZN, GOOGL, MHK, WDC, SIVB, FBHS, CERN, LEG, DLR, MCO

The DJIA, closed down 296 points at 24,688, led by weakness in HD, UNH, BA, AAPL and V.  This is the third close below 25,000 since July 12.

The SPY gave back all of Thursday’s gain closing just one cent above Wednesday’s close.

All eleven sectors were lower on Friday, strongest were materials XLB -0.59% and energy XLE -0.75%.

SPY down 4.76 at 265.33, on 201.5 million shares, 84% above average volume. Down on higher volume.

VIX up 1.45 at 25.67 

Oil up .64 at 67.62

TLT up .69 at 114.99 on 18.5 million shares. 

INTC +3.11%, WBA +0.65%, led the DJIA, 4 advancers, -19.

ROP +7.55%, COG +7.10% and CINF +6.62%, led the SPX.

TSLA +5.09%, EXPE +2.49%, VRTX +2.34%, and GILD +1.63% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is down.

Up: 

Down: IWM, DIA, SPY, QQQ,

Breadth weakened on Friday, as decliners led 2,126 to 789 on the NYSE and led 2,030 to 997 on the NASDAQ

The SPY MFC green line is pointed down at 14 and is short-term bearish.

Uptrend sectors:   XLU, XLP,

Neutral sectors:  XLV, XLRE,

Down trend sectors: XLK, XLY, XLI, XLF, XLE, XLC, XLB,

The 6-month intermediate and long-term trends are still up.  The three-month trend is down.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down

24 of 100 NDX stocks closed higher on Friday.

8 NDX stocks are above their 30 DMA.  SBUX, WBA, CDNS, TSLA, PEP, XLNX, CA, ROST,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

CA, ROST,

Moving Below 30 DMA = 4

CMCSA, ESRX, PYPL, QRTEA,

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SPX Rally Today...AMZN, GOOGL Sink in After Hours on Revenue Miss..

© 2018

Earnings season continued on Thursday. Positive reactions included TWTR, XLNX, MORN, SHOP, IP, F, TSLA, AAL and MSFT.  Negative reactions: ALGN, FF, AMD, EFX, TRN.

The DJIA, closed up 401 points at 24,984, led by strength in BA, UNH, V, MSFT and GS.  This is the second close below 25,000 since July 12.

SPX staged a terrific rally, a 58% recovery of Wednesday’s selloff.  After the close AMZN -7.42% and GOOGL -3.95% reported EPS with strong earnings but missing on revenue and the stocks dropped.  This will likely have a dampening effect on Friday’s open

Ten of eleven sectors were higher, led by technology XLK +3.44% and communication XLC +3.31%.

SPY up 4.76 at 270.08, on 137.9 million shares, 32% above average volume. Up on lower volume.

VIX down 1.01 at 24.22 

Oil up .59 at 66.98

TLT down .48 at 114.30 on 12.6 million shares. 

MSFT +5.84%, V +4.66%, led the DJIA, 23 advancers, +18.

TWTR +15.47%, IP +10.25% and FOSL +10.07%, led the SPX.

XLNX +15.01%, TSLA +9.14%, TTWO +8.77%, and AMZN +7.09% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is down.

Up: QQQ, IWM, SPY, DIA

Down:

Breadth strengthened on Thursday, as advancers led 2,135 to 801 on the NYSE and led 2,133 to 894 on the NASDAQ

The SPY MFC green line is pointed down at 17 and is short-term bearish.

Uptrend sectors:   XLU, XLP,

Neutral sectors:  XLV, XLRE,

Down trend sectors: XLK, XLY, XLI, XLF, XLE, XLC, XLB,

The 6-month intermediate and long-term trends are still up.  The three-month trend is down.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down

93 of 100 NDX stocks closed higher on Thursday.

10 NDX stocks are above their 30 DMA.  SBUX, WBA, CDNS, TSLA, PEP, CMCSA, ESRX, PYPL, QRTEA, XLNX,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 5

CMCSA, ESRX, PYPL, QRTEA, XLNX,

Moving Below 30 DMA = 0

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