2020 Ends with All-time Closing Highs in SPX, DJI and NDX...

 
© 2020
 
2020 ends with the SPX, DJI and NDX at new all-time closing highs.  XLB, XLV, XLY and XLC also made record closing highs. 
 
NDX +42.93, +0.33%, on Thursday another all-time closing high.
 
SPX +24.03, +0.64%, closed at 3,756, breakout continuation to a new all-time high on the last day of 2020.
 
TSLA rose +1.57%, on Thursday and is a horizontal breakout and an all-time closing high.
 
Ten of eleven sectors were higher on Thursday, led by XLU, XLF and XLRE. 
 
Utilities leaders: NRG, EVRG, PPL, AEP,
Financial leaders: CME, UNM, AON, WLTW
Real Estate leaders: SBAC, SLG, VNO, EQIX
 
 
SPY up 1.89 at 373.88 on 78.5 million shares, above average volume, up on higher volume.
VIX down 0.02 at 22.75
 
INTC, UNH, GS, MRK led the DJIA, 25 advancers, +8
GCI, MOS, VTRS, NRG led the SPX, 410 advancers
WDC, MU, NFLX, GILD led the NDX, 71 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: DIA, SPY, QQQ,
Down: IWM,
 
Advancers weakened on Thursday as advancers led 1,884 to 1,269 on the NYSE and decliners led 2,023 to 1,768 on the NASDAQ
 
The SPY MFC green line is pointed up at 91 and is bullish.  Price action is a horizontal breakout setup.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  XLRE,
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
 
71 of 100 NDX stocks closed higher on Thursday.
 
78 NDX stocks are above their 30 DMA:   ALGN, TXN, ADI, AMAT, CTSH, FAST, MU, MXIM, SBUX, ASML, INTU, MNST, TMUS, ROST, CSCO, AVGO, MELI, ADSK, KHC, TSLA, PYPL, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, EA, GILD, ILMN, ISRG, SNPS, VRSN, NFLX, CHKP, CERN, DXCM, IDXX, CPRT, ALXN, AMZN, INCY, QCOM, SWKS, MSFT, ORLY, WDAY, NTES, VRSK, MRVL, MTCH, OKTA, PTON, TEAM, BKNG, MAR, MDLZ, PEP, CMCSA, FOXA, AMGN, COST, INTC, JD, PDD, ADP, AEP, CHTR, CSX, XEL,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 5
ADP, AEP, CHTR, CSX, XEL,
 
Moving Below 30 DMA = 4
DLTR, EBAY, LRCX, SGEN,
 
 
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IWM Bounces in a Bull Flag Setup...DIA, SPY Gain...TSLA Nears New High...

 

© 2020
 

QQQ closed one cent higher than its all-time closing high yesterday. as AAPL, AMZN, FB, GOOGL and MSFT all closed lower on Wednesday.  IWM bounced forming a bullish harami candle and a bull flag setup.
 
NDX +1.87, +0.01%, on Wednesday another all-time closing high by less than 2 points.
 
SPX +5.00, +0.13%, closed at 3,730, rebroke out today after a breakout test on Tuesday.
 
TSLA rose +4.32%, on Wednesday and is a horizontal breakout setup with its second highest close ever.
 
Seven of eleven sectors were higher on Wednesday, led by XLE, XLB and XLI. 
 
Energy leaders: DVN, FANG, SWN, PXD
Basic Materials leaders: FCX, VMC, MLM, NUE
Industrials leaders: UAL, TXT, CAT, AAL
 
SPY up .53 at 371.99 on 49.4 million shares, below average volume, up on slightly lower volume.
VIX down 0.31 at 22.77
 
DIS, DOW, CAT, V led the DJIA, 17 advancers, +9
FCX, DVN, FANG, SWN led the SPX, 360 advancers
BIDU, PDD, TSLA, JD led the NDX, 63 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, SPY, QQQ,
Down:
 
Advancers strengthened on Wednesday as advancers led 2,167 to 988 on the NYSE and led 2,577 to 1,187 on the NASDAQ
 
The SPY MFC green line is pointed up at 87.3 and is bullish.  Price action is a horizontal breakout setup.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  XLRE,
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
 
63 of 100 NDX stocks closed higher on Wednesday.
 
77 NDX stocks are above their 30 DMA:   ALGN, LRCX, TXN, ADI, AMAT, CTSH, FAST, MU, MXIM, SBUX, ASML, INTU, MNST, TMUS, ROST, CSCO, AVGO, MELI, ADSK, KHC, TSLA, DLTR, PYPL, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, EA, GILD, ILMN, ISRG, SNPS, VRSN, NFLX, CHKP, SGEN, CERN, DXCM, IDXX, CPRT, ALXN, AMZN, INCY, QCOM, SWKS, MSFT, ORLY, WDAY, NTES, VRSK, MRVL, MTCH, OKTA, PTON, TEAM, BKNG, MAR, MDLZ, PEP, CMCSA, FOXA, AMGN, COST, EBAY, INTC, JD, PDD,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 7
AMD, EXC, KLAC, MCHP, NXPI, QCOM, WDC,
 
 
Moving Below 30 DMA = 3
ADP, CHTR, FB,
 
 
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QQQ New High as IWM, SPY, DIA Move Lower...

 

© 2020
 

QQQ inched to a new all-time high as AMZN, TSLA rose and AAPL, MSFT, FB, GOOGL pulled back.  IWM small caps closed lower for the third straight day.
 
NDX +4.63, +0.04%, on Tuesday inches to another all-time high.
 
SPX -8.32, -0.22%, closed at 3,727, made an intra-day all-time high before closing lower.
 
TSLA rose +0.35%, on Tuesday and is a bull flag bounce continuation.
 
 
Two of eleven sectors were higher on Tuesday, led by XLV, XLY and XLU. 
 
Healthcare leaders: ABMD, ZBH, BSX, AMGN
Consumer Discretionary leaders: BKNG, EXPE, KMX, SBUX
Utilities leaders: ETR, NRG, PNW, AWK
 
SPY down 0.71 at 371.46 on 53.6 million shares, near average volume, down on higher volume.
VIX up 1.38 at 23.08
 
INTC, AMGN, MRK V led the DJIA, 8 advancers, -15
GCI, ABMD, ZBH, NFLX led the SPX, 119 advancers
PDD, JD, MRNA, NTES led the NDX, 40 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 2,047 to 1,087 on the NYSE and led 2,726 to 1,078 on the NASDAQ
 
The SPY MFC green line is pointed up at 84.5 and is bullish.  Price action is a horizontal breakout setup.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  XLRE,
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
 
40 of 100 NDX stocks closed higher on Tuesday.
 
73 NDX stocks are above their 30 DMA:   ADP, ALGN, LRCX, TXN, ADI, AMAT, CTSH, FAST, MU, MXIM, SBUX, ASML, INTU, MNST, TMUS, ROST, CSCO, AVGO, MELI, ADSK, KHC, TSLA, DLTR, PYPL, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, EA, GILD, ILMN, ISRG, SNPS, VRSN, NFLX, CHKP, SGEN, CERN, DXCM, IDXX, CPRT, ALXN, AMZN, INCY, QCOM, SWKS, MSFT, ORLY, WDAY, NTES, VRSK, MRVL, MTCH, OKTA, PTON, TEAM, BKNG, MAR, MDLZ, PEP, CMCSA, FB, FOXA, AMGN, CHTR, COST, EBAY, INTC, JD, PDD,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 7
AMGN, CHTR, COST, EBAY, INTC, JD, PDD,
 
Moving Below 30 DMA = 9
AMD, DOCU, EXC, GOOGL, KLAC, MCHP, NXPI, PAYX, WDC,
 
 
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QQQ, DIA New All-time Closing Highs as AAPL Hits New High...IWM Pauses for Second Day...

 
© 2020
 
Small caps fell on Monday after being last weeks leading group.  QQQ, DIA made new all-time closing highs and SPY made a new all-time intra-day high.
 
 
NDX +127.85, +1.01%, on Monday is a breakout to an all-time high. 
 
SPX +13.05, +0.35%, closed at 3,735, is a breakout to an all-time high.
 
TSLA rose +0.29%, on Monday and is a bull flag bounce continuation.
 
 
Nine of eleven sectors were higher on Monday, led by XLC, XLY and XLK. 
 
Communication Services leaders: LYV, FB, DISCA, DIS
Consumer Discretionary leaders: ULTA, CCL, ROST, NCLH
Technology leaders: AAPL, XRX, MA, V
 
SPY up 3.17 at 372.17 on 39.0 million shares, below average volume, up on higher volume.
VIX up 0.17 at 21.70
 
AAPL, DIS, V, UNH led the DJIA, 23 advancers, +5
ULTA, CTAS, LYV, CCL led the SPX, 299 advancers
CTAS, ROST, FB, AMZN 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 were mixed on Monday as advancers led 1,658 to 1,510 on the NYSE and led 1,977 to 1,827 on the NASDAQ
 
The SPY MFC green line turned up at 83.4 and is bullish.  Price action is a horizontal breakout setup.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  XLRE,
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
 
47 of 100 NDX stocks closed higher on Monday.
 
75 NDX stocks are above their 30 DMA:   ADP, ALGN, NXPI, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MCHP, MU, MXIM, SBUX, ASML, INTU, MNST, TMUS, WDC, ROST, CSCO, AVGO, MELI, ADSK, KHC, AMD, TSLA, DLTR, PYPL, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, EA, GILD, ILMN, ISRG, SNPS, VRSN, NFLX, DOCU, CHKP, SGEN, CERN, DXCM, IDXX, CPRT, ALXN, AMZN, INCY, QCOM, PAYX, SWKS, MSFT, ORLY, WDAY, NTES, VRSK, MRVL, MTCH, OKTA, PTON, TEAM, BKNG, MAR, MDLZ, PEP, CMCSA, EXC, FB, FOXA, GOOGL,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 5
CMCSA, EXC, FB, FOXA, GOOGL,
 
Moving Below 30 DMA = 5
BIIB, CHTR, PDD, QCOM, XLNX,
 
 
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NDX, SPX, DJI Inch Higher on Light Volume on Christmas Eve...Markets Closed Friday...Merry Christmas...

 © 2020
 
Thursday’s half trading day closing at 1 pm ET resulted in light volume and markets generally moving moderately higher.  Markets are closed Friday for Christmas.
 
 
NDX +57.87, +0.46%, on Thursday is a bull flag bounce. 
 
SPX +13.05, +0.35%, closed at 3,703, is a channel bounce.
 
TSLA rose +2.44%, on Thursday and is a bull flag bounce.
 
 
Ten of eleven sectors were higher on Thursday, led by XLRE, XLU and XLK. 
 
Real Estate leaders: EQR, WELL, MAA, DRE
Utilities leaders: ES, EIX, FE, EVRG
Technology leaders: FIS, GPN, KLAC MA
 
SPY up 1.43 at 369.00 on 26.4 million shares, below average volume, up on lower volume.
VIX down 1.78 at 21.53
 
V, INTC, PG, UNH led the DJIA, 18 advancers, +12
FIS, GCI, GPN, LEN led the SPX, 318 advancers
PDD, KLAC, TSLA, LRCX led the NDX, 65 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, DIA,
Down: IWM,
 
Advancers weakened on Thursday as advancers led 1,898 to 1,211 on the NYSE and decliners led 1,957 to 1,782 on the NASDAQ
 
The SPY MFC green line is pointed down at 81.1 and is counter-trend defensive.  Price action is a channel bounce setup.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  XLRE,
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is up a little.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
 
65 of 100 NDX stocks closed higher on Thursday.
 
75 NDX stocks are above their 30 DMA:   ADP, XLNX, ALGN, NXPI, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MCHP, MU, MXIM, SBUX, ASML, INTU, MNST, TMUS, WDC, ROST, CSCO, AVGO, MELI, ADSK, KHC, AMD, TSLA, DLTR, PYPL, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, EA, GILD, ILMN, ISRG, SNPS, VRSN, NFLX, DOCU, CHKP, SGEN, CERN, DXCM, IDXX, CPRT, ALXN, AMZN, INCY, QCOM, PAYX, SWKS, MSFT, ORLY, WDAY, NTES, VRSK, BIIB, new symbols added = MRVL, MTCH, OKTA, PTON, TEAM, BKNG, MAR, CHTR, MDLZ, PDD, PEP, QCOM,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 5
CHTR, MDLZ, PDD, PEP, QCOM,
 
Moving Below 30 DMA = 4
EBAY, JD, MRNA, SPLK, 
 
 
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IWM Hits New All-time Closing High as DIA, SPY, QQQ Pause in a Trading Range...Markets Close Early on Thursday, Christmas Eve...

© 2020
 
Thursday, Christmas Eve, is a half trading day with NYSE closing at 1 pm ET.  Market are closed Friday for Christmas.
 
 
NDX -64.42, -0.51%, pulled back in a breakout test on Wednesday forming a bull flag setup. 
 
SPX +2.75, +0.07%, closed at 3,690, still in a channel bounce setup.
 
TSLA rose +0.88%, on Wednesday and is a bull flag setup.
 
 
Eight of eleven sectors were higher on Wednesday, led by XLE, XLF and XLC. 
 
Energy leaders: SWN, FANG, MRO, OXY
Financial leaders: WFC, KEY, MTB, CMA, ZION
Communication Services leaders: GCI, DISH, DISCA, FOXA
 
SPY up .33 at 367.57 on 46.2 million shares, below average volume, up on slightly lower volume.
VIX down .92 at 23.31
 
JPM, GS, AXP, DIS led the DJIA, 18 advancers, +12
GCI, SWN, FANG, MRO led the SPX, 305 advancers
MRNA, JD SPLK, FOXA led the NDX, 42 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, SPY,
Down: QQQ,
 
Advancers strengthened on Wednesday as advancers led 2,154 to 985 on the NYSE and led 2,375 to 1,389 on the NASDAQ
 
The SPY MFC green line is pointed down at 84.3 and is counter-trend defensive.  Price action is a channel bounce setup.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  XLRE,
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is sideways.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down a little
 
42 of 100 NDX stocks closed higher on Wednesday.
 
74 NDX stocks are above their 30 DMA:   ADP, XLNX, ALGN, NXPI, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MCHP, MU, MXIM, SBUX, ASML, INTU, MNST, TMUS, MRNA, WDC, ROST, CSCO, AVGO, MELI, ADSK, KHC, AMD, TSLA, DLTR, PYPL, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, EA, GILD, ILMN, ISRG, SNPS, VRSN, NFLX, DOCU, CHKP, SGEN, CERN, DXCM, IDXX, CPRT, ALXN, AMZN, EBAY, INCY, PAYX, SWKS, MSFT, ORLY, WDAY, NTES, VRSK, BIIB, new symbols added = MRVL, MTCH, OKTA, PTON, TEAM, BKNG, JD, MAR, SPLK,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 4
BKNG, JD, MAR, SPLK,
 
Moving Below 30 DMA = 1
LULU, 
 
 
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