ABMD, KHC, AAPL, FB, ICE Deliver Treats while WDC, XYL, LNC Play Tricks on Halloween...

© 2019

Upcoming:

Fri Nov 1 – 16 SP 500 stocks report EPS…

Fri Nov 1 – 8:00 am ET – October Jobs report

Fri Nov 1 – 10:00 am ET – ISM Mfg. index

The SPX, which hit an all-time new high of 3,050 on Wednesday, opened lower on Thursday after reports that China is doubtful a long term trade deal could be reached.  If the reports are accurate, they basically indicate the communist country isn’t interested in addressing intellectual property issues.  Notwithstanding the reports the SPX rebounded from Thursday’s lows to close down - 9.21, at 3037.

Positive EPS reactions included ABMD, KHC, AAPL, FB, CTSH, ICE, MET, BMY, CELG and SBUX.  Negative reactions included WDC, LNC, DLPH, BLL, HBI, EL, KLAC, VRTX and MGM.

The DJIA, closed down 140 points at 27,046 led by weakness in BA, MMM, CAT, GS and UNJ.  Closing above 27,000 for the fourth day in a row.

Two of eleven sectors were higher on Thursday, led by XLU, XLC and XLK.

SPY down .81 at 303.33 on 69.0 million shares, above average volume.  Down on higher volume.

VIX up .89 at 13.22

Oil down .76 at 54.14

TLT up 1.88 at 141.24 on 15.8 million shares

GLD up 1.41 at 142.43

AAPL, TRV, KO led the DJIA, 5 advancers, -15

ABMD, LKQ, BWA led the SPX, 153 advancers

KHC, IDXX, SIRI, AMD led the NDX, 25 advancers

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

Up: QQQ,   

Down:  SPY, DIA, IWM,                                   

Breadth weakened on Thursday as decliners led 1,821 to 1,119 on the NYSE and led 1,980 to 1,125 on the NASDAQ

The SPX MFC green line is above 80 at 96 and is short-term bullish. 

Uptrend sectors:  XLK, XLF, XLRE, XLV, XLP, XLU,

Neutral sectors:  XLI, XLC, XLB, XLY,

Down trend sectors: XLE,

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

3-month Intermediate Term Market Trend: Up a little

3-day Short Term Market Trend: Sideways

25 of 100 NDX stocks closed higher on Thursday.

74 NDX stocks are above their 30 DMA:  KLAC, AAPL, ASML, CTXS, CTAS, ALGN, CELG, CHTR, NVDA, XRAY, COST, LULU, SWKS, TSLA, EXPE, INTC, ISRG, ORLY, PAYX, AMGN, FAST, GOOGL, NTES, PCAR, SIRI, WYNN, AAL, AMD, INCY, VRTX, BKNG, ISRG, JBHT, JD, NTAP, QCOM, TMUS, UAL, WBA, FOXA, CSX, BIIB, KHC, ALXN, FB, MAR, ADP, AMAT, AMZN, AVGO, BMRN, LRCX, MCHP, MSFT, MU, PYPL, NFLX, VRSN, CHKP, CTRP, MXIM, NXPI, FISV, HSIC, MYL, ADBE, ADSK, ATVI, CSCO, EA, IDXX, PEP, CTSH, LBTYA,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 2

CTSH, LBTYA,

Moving Below 30 DMA = 7

CDNS, CERN, MELI, ROST, SNPS, WDC, WLTW,

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SPX/SPY All-time Closing High...AAPL, FB up in After-hours...

© 2019

The Fed cut interest rates by.25% and after the close AAPL +4.93, +2.03%, FB +8.39, +4.46% and WDC -6.16, -9.91% reported earnings.

SPX closes at an all-time new high of 3,046.

The DJIA, closed up 115 points at 27,186 led by strength in MCD, JNJ, UNH, HD and UTX.  Closing above 27,000 for the third day in a row.

Nine of eleven sectors were higher on Wednesday, led by XLU, XLV and XLRE.

SPY up .93 at 304.14 on 49.6 million shares, below average volume.  Up on higher volume.

VIX down .87 at 12.33

Oil down .60 at 54.90

TLT up 2.01 at 139.36 on 10.9 million shares

GLD up .77 at 141.02

JNJ, MCD, MRK led the DJIA, 20 advancers, +9

GE, GRMN, CNC led the SPX, 268 advancers

WDAY, NFLX, ATVI, WYNN led the NDX, 63 advancers

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

Up: QQQ, SPY, DIA,   

Down:  IWM,                                                      

Breadth was stable on Wednesday as advancers led 1,547 to 1,375 on the NYSE and led 1,535 to 1,527 on the NASDAQ

The SPX MFC green line is above 80 at 96 and is short-term bullish. 

Uptrend sectors:  XLK, XLF, XLRE, XLV, XLP, XLU,

Neutral sectors:  XLC, XLI, XLB, XLY,

Down trend sectors: XLE,

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

3-month Intermediate Term Market Trend: Up a little

3-day Short Term Market Trend: Up

63 of 100 NDX stocks closed higher on Wednesday.

79 NDX stocks are above their 30 DMA:  KLAC, AAPL, ASML, CTXS, CTAS, ALGN, CELG, CHTR, NVDA, XRAY, COST, LULU, SWKS, TSLA, EXPE, INTC, ISRG, ORLY, PAYX, AMGN, FAST, GOOGL, NTES, PCAR, SIRI, WYNN, AAL, AMD, INCY, VRTX, BKNG, ISRG, JBHT, JD, NTAP, QCOM, TMUS, UAL, WBA, FOXA, CSX, BIIB, KHC, ALXN, FB, MAR, ADP, AMAT, AMZN, AVGO, BMRN, LRCX, MCHP, MSFT, MU, PYPL, WDC, NFLX, VRSN, CDNS, CHKP, CTRP, MXIM, NXPI, FISV, HSIC, MYL, ADBE, ADSK, ATVI, CERN, CSCO, EA, IDXX, MELI, PEP, ROST, SNPS, WLTW,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 12

ADBE, ADSK, ATVI, CERN, CSCO, EA, IDXX, MELI, PEP, ROST, SNPS, WLTW,

Moving Below 30 DMA = 1

CMCSA,  

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IWM Up, QQQ Down as SPY, DIA Little Changed ahead of FOMC Announcement on Wednesday...

© 2019

After the close AMD -0.35, -1.06% and MXIM +4.15, +7.07% reported earnings.

Upcoming:

Wed Oct 30 – 39 SP 500 stocks report EPS…
Wed Oct 30 – next FOMC Meeting Announcement 2 pm ET

Wednesday is a big event day with the FOMC announcement at 2 pm ET and AAPL, FB and WDC after the close.  Will the NDX and SPX breakouts hold and move higher or will the fold?  Stay tuned…

The DJIA, closed down 19 points at 27,071 led by weakness in AAPL, HD, V, IBM and WMT.  Closing above 27,000 for the second day in a row.

Seven of eleven sectors were higher on Tuesday, led by XLV, XLB and XLE.

SPY down .09 at 303.21 on 44.2 million shares, below average volume.  Down on higher volume.

VIX up .09 at 13.20

Oil down .24 at 55.50

TLT up .09 at 137.35 on 5.2 million shares

GLD down .39 at 140.25

MRK, PFE, BA led the DJIA, 11 advancers, -10

NOV, XRX, LEG led the SPX, 276 advancers

NXPI, INCY, CHKP, MYL led the NDX, 42 advancers

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

Up: IWM, DIA,   

Down:  SPY, QQQ,                                           

Breadth weakened moderately on Tuesday as advancers led 1,545 to 1,384 on the NYSE and led 1,540 to 1,539 on the NASDAQ

The SPX MFC green line is above 80 at 94 and is short-term bullish. 

Uptrend sectors:  XLK, XLF, XLRE, XLV, XLP, XLU,

Neutral sectors:  XLC, XLI, XLB, XLY,

Down trend sectors: XLE,

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

3-month Intermediate Term Market Trend: Up a little

3-day Short Term Market Trend: Up

42 of 100 NDX stocks closed higher on Tuesday.

68 NDX stocks are above their 30 DMA:  KLAC, AAPL, ASML, CTXS, CTAS, ALGN, CELG, CHTR, NVDA, XRAY, COST, LULU, SWKS, TSLA, EXPE, INTC, ISRG, ORLY, PAYX, AMGN, FAST, GOOGL, NTES, PCAR, SIRI, WYNN, AAL, AMD, INCY, VRTX, BKNG, ISRG, JBHT, JD, NTAP, QCOM, TMUS, UAL, WBA, FOXA, CSX, BIIB, KHC, ALXN, FB, MAR, ADP, AMAT, AMZN, AVGO, BMRN, LRCX, MCHP, MSFT, MU, PYPL, WDC, CMCSA, NFLX, VRSN, CDNS, CHKP, CTRP, MXIM, NXPI, FISV, HSIC, MYL,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 3

FISV, HSIC, MYL,

Moving Below 30 DMA = 5

ATVI, BIDU, EA, ILMN, SNPS, 

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New All-time Closing High on NDX, SPX...GOOGL Down

© 2019

After the close GOOGL -22.98, -1.78% and AKAM +0.52, +0.58% reported earnings. 

Upcoming:

Tues Oct 29 – 32 SP 500 stocks report EPS…

Wed Oct 30 – next FOMC Meeting Announcement

Thu Oct 31 – Brexit deadline extended 3 months to Jan 31 by EU

SPX closes at 3,039, +0.558% from the Sep 19th 3,021.99 high and up +6.4% from its Oct 3 low of 2,856. 

The SPX gained 16 points.  Look for the institutional short-term focus to continue to be on EPS reactions Tuesday on SPX stocks AKAM, GOOGL, TMUS and more.

Our current technical assessment is an Aug – Oct (2,822 – 3,027) Horizontal Breakout of a three-month ascending triangle.  Price action is likely to rise the support and resistance measuring distance of $22 and rise to 322.  The SPX did breakout following the NDX, but key SPX reactions of GOOGL on Tuesday and AAPL, FB on Wednesday continue to be a factor.

The DJIA, closed up 132 points at 27,090 led by strength in GS, MSFT, MMM, AAPL and HD.  Closing above 27,000 after being below for the past six days.

Seven of eleven sectors were higher on Monday, led by XLK, XLV and XLC.

SPY up 1.70 at 303.30 on 42.0 million shares, below average volume.  Up on lower volume.

VIX up .46 at 13.11

Oil down .89 at 55.74

TLT down 1.26 at 137.26 on 11.4 million shares

GLD down 1.22 at 140.64

MSFT, MMM, GS led the DJIA, 21 advancers, +1

TIF, AMG, TSN led the SPX, 307 advancers

ILMN, LRCX, QCOM, AMD led the NDX, 74 advancers

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

Up: QQQ, IWM, SPY, DIA,   

Down:                                                                  

Breadth strengthened slightly on Monday as advancers led 1,587 to 1,352 on the NYSE and led 1,980 to 1,168 on the NASDAQ

The SPX MFC green line is above 80 at 92 and is short-term bullish. 

Uptrend sectors:  XLK, XLF, XLRE, XLV, XLP, XLU,

Neutral sectors:  XLC, XLI, XLB, XLY,

Down trend sectors: XLE,

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

3-month Intermediate Term Market Trend: Up a little

3-day Short Term Market Trend: Up

74 of 100 NDX stocks closed higher on Monday.

72 NDX stocks are above their 30 DMA:  KLAC, AAPL, ASML, CTXS, CTAS, ALGN, CELG, CHTR, NVDA, XRAY, COST, LULU, SWKS, TSLA, EXPE, INTC, ISRG, ORLY, PAYX, AMGN, FAST, GOOGL, NTES, PCAR, SIRI, WYNN, AAL, AMD, INCY, VRTX, BKNG, CMCSA, ISRG, JBHT, JD, NTAP, QCOM, TMUS, UAL, WBA, FOXA, CSX, BIIB, KHC, ALXN, ATVI, CERN, EBAY, FB, HSIC, MAR, CMCSA, EA, NFLX, VRSN, BIDU, CDNS, CHKP, CTRP, ILMN, MXIM, NXPI,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 7

BIDU, CDNS, CHKP, CTRP, ILMN, MXIM, NXPI,

Moving Below 30 DMA = 5

DLTR, MELI, PEP, ROST, TTWO,

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SPX Follows Friday's NDX HBO...

As of 2:55 pm ET…

© 2019

Upcoming:

Mon Oct 28 – 16 SP 500 stocks report EPS…

Wed Oct 30 – next FOMC Meeting Announcement

Thu Oct 31 – Brexit deadline, extended by EU to Jan. 31

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

Up: QQQ, IWM, SPY, DIA,   

Down:                                                                  

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

3-month Intermediate Term Market Trend: Up a little

3-day Short Term Market Trend: Up

76 of 100 NDX stocks are higher on Monday.

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 10

ADSK, BIDU, CDNS, CHKP, CTRP, CTSH, ILMN, MXIM, NXPI, ULTA,

Moving Below 30 DMA = 5

CMCSA, DLTR, MELI, PEP, ROST,

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New Closing High NDX/QQQ as SPY Nears HBO...Volatility Drops Again...AMZN Lower after EPS...

© 2019

Upcoming:

Mon Oct 28 – 16 SP 500 stocks report EPS…

Wed Oct 30 – next FOMC Meeting Announcement

Thu Oct 31 – Brexit deadline

SPX closes at 3,022, even with Sep 19th 3,021.99 high and up +5.83% from its Oct 3 low of 2,856. 

The SPX gained 12 points.  Look for the institutional short-term focus to continue to be on EPS reactions Monday on SPX stocks AKAM, GOOGL, TMUS, WBA and more.

Our current technical assessment is an Aug – Oct (2,822 – 3,027) sideways channel with a seven-day trading range in the three-month ascending triangle.  Price action is likely to continue fluctuating between 2,840 support and 3,020 resistance until a breakout occurs.  The NDX horizontal BO of resistance on Friday increases the probability of an SPX HBO, but key SPX reactions of GOOGL on Monday and AAPL, FB on Tuesday continue to be a factor.

The DJIA, closed up 152 points at 26,858 led by strength in CAT, INTC, MMM, GS and AAPL.  Closing below 27,000 for the sixth day.

Seven of eleven sectors were higher on Friday, led by XLK, XLB and XLE.

SPY up 1.23 at 301.60 on 45.2 million shares, below average volume.  Up on higher volume.

VIX down 1.06 at 12.65

Oil up .56 at 56.63

TLT down .68 at 138.52 on 5.6 million shares

GLD up .33 at 141.86

INTC, CAT, MMM led the DJIA, 20 advancers, +12

RMD, MHK, ITW led the SPX, 304 advancers

TSLA, CHTR, AAL, NVDA led the NDX, 63 advancers

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

Up: QQQ, DIA, IWM, SPY, 

Down:                                                                  

Breadth strengthened on Friday as advancers led 1,649 to 1,272 on the NYSE and led 1,870 to 1,182 on the NASDAQ

The SPX MFC green line is above 80 at 90 and is short-term bullish. 

Uptrend sectors: XLRE, XLU, XLP, XLK,

Neutral sectors:  XLF, XLY, XLC, XLI, XLB, XLV,

Down trend sectors: XLE,

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

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Up

64 of 100 NDX stocks closed higher on Friday.

70 NDX stocks are above their 30 DMA:  KLAC, AAPL, ASML, DLTR, CTXS, ROST, CTAS, ALGN, CELG, CHTR, NVDA, PEP, XRAY, COST, LULU, ROST, SWKS, TSLA, EXPE, INTC, ISRG, ORLY, PAYX, AMGN, FAST, GOOGL, NTES, PCAR, SIRI, WYNN, AAL, AMD, INCY, VRTX, BKNG, CMCSA, ISRG, JBHT, JD, NTAP, QCOM, TMUS, UAL, WBA, FOXA, CSX, BIIB, KHC, PEP, ALXN, ATVI, CERN, EBAY, FB, HSIC, MAR, CMCSA, EA, NFLX, VRSN,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 4

CMCSA, EA, NFLX, VRSN,

Moving Below 30 DMA = 2

GILD, ILMN,

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