© 2018
S&P futures opened down about 21
points after AAPL had
lowered revenue guidance for Q1 from was being lowered from $89 - $93 billion
to $84 billion after the close on Wednesday.
The SPX was down about 31 points at 10 am ET when
the ISM manufacturing index came in
at 54.1 for December down from 59.3 in
November. The SPX fell another 30 points in the 45 minutes after the report.
December
Jobs Report at 8:30 am ET Friday. Fed Chairman Jerome Powell participates
on a panel at 10:15 am ET with
former Fed chairs Bernanke and Yellen at American Economic Association annual
meeting in Atlanta on Friday.
The DJIA, closed down 660 points at 22,686, led by weakness in AAPL,
BA, MMM, UNH and CAT.
One of eleven sectors was higher on Thursday, led by real estate XLRE +0.46% and utilities XLU -0.02%.
SPY down 5.97 at 244.21 on 143.7 million shares, 2% above average
volume. Down on higher volume.
VIX up 2.23 at 25.45
Oil up .50 at 46.83
TLT up 1.39 at 123.54 on 21.1 million shares.
VZ +0.36%, WMT -0.51%, led the DJIA, 1 advancers, -14
HCP +3.60%, WY +3.99% and AAP +3.12%, led the SPX.
CELG +5.55%, INCY +7.08%, GILD +2.85%, and ALXN +2.20% led the NDX.
Long term up
trend intact. 3-day short term trend is down.
Up:
Down: IWM,
SPY, DIA, QQQ,
Breadth weakened
on Thursday, as decliners led 1,732 to 1,218 on the NYSE
and led 2,143 to 922 on the NASDAQ
The SPY
MFC green line turned down at 31 and
is short-term bearish.
Uptrend sectors:
Neutral sectors:
XLU, XLRE, XLB,
Down trend sectors: XLV,
XLP, XLI, XLY, XLC, XLK, XLF, XLE,
The 6-month intermediate
trend is down. The ten-day trend is down slightly.
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Down
12 of 100 NDX stocks closed higher on Thursday.
10
NDX stock is above its 30
DMA: DLTR, REGN, WDAY, XRAY, ROST, LULU, CELG,
INCY, NFLX, ORLY,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 4
CELG, INCY, NFLX, ORLY,
Moving Below 30 DMA = 7
AVGO, EBAY, GOOGL, JD, PCAR, PYPL, QCOM,
No comments:
Post a Comment