SPX Breaks Short-term Support as Cornavirus Concerns Grow...

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Earnings Season Day 13.  Thursday afternoon AMC 13 and Friday BMO 15 more SP 500 company reported.

Gainers: AMZN, CL, CHTR, EMN, AJG, CHD, AON, +7

Decliners: BR, LYB, CE, EW, QRVO, PSX, IDXX, AMGN, V, XOM, RHI, RMD, CVX, WY, EA, CAT, NSC, DD, HON, JCI, WDC, ITW, VRTX, AIV, -21

One of eleven sectors was higher on Friday, led by XLY, XLU and XLP.

SPY down 5.95 at 321.73 on 113.8 million shares, above average volume.  Down on higher volume.

VIX up 3.35 at 18.84

IBM, PFE, DIS led the DJIA, 4 advancers, -14

CL, EMN, AJG led the SPX, 32 advancers

AMZN, CHTR, TSLA, XEL led the NDX, 6 advancers

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

Up:

Down: QQQ, SPY, IWM, DIA,

Breadth weakened on Friday as decliners led 2,335 to 611 on the NYSE and led 2,509 to 732 on the NASDAQ

The SPX MFC green line is below 80 and is pointed down at 52 and is defensive.

Uptrend sectors:  XLU, XLK, XLRE, XLP, XLC, XLI, XLY, XLV, XLF,

Neutral sectors:  XLB,

Down trend sectors: XLE,

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

6 of 100 NDX stocks closed higher on Friday.

38 NDX stocks are above their 30 DMA:  AAPL, MSFT, ADBE, ADSK, LULU, MNST, WLTW, VRSK, GOOGL, TSLA, ULTA, VRSN, CSX, PYPL, CTAS, CDNS, INTU, XEL, EXC, NFLX, SNPS, INTC, ANSS, CPRT, CSGP, SPLK, CTXS, MELI, WDAY, FISV, VRTX, PAYX, COST, CHKP, PEP, AMZN, MDLZ, CHTR,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 1

CHTR,

Moving Below 30 DMA = 17

ADP, AMD, ATVI, AVGO, CTSH, EA, IDXX, JD, LRCX, MXIM, NTES, NVDA, NXPI, SIRI, TMUS, TTWO, WDC,

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SPX Rallies after WHO Comment on Coronavirus...TSLA, NOW, MDLZ, HSY, LRCX, MSFT Up on Positive EPS Reactions...

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Earnings Season Day 12.  Wednesday afternoon AMC 21 and Thursday BMO 33 more SP 500 company reported.

Gainers: NOW, MDLZ, FBHS, BEN, CTVA, ADM, HSY, LRCX, MSCI, KO, PH, ROP, ESS, MSFT, AMP, LVS, DOV, VLO, XEL, LLY, WED, DGX, CMS, DRE, MAA, NOC, ALGN, PYPL, +28

Decliners: DD, URI, UPS, ALXN, FB, ILMN, PKG, GWW, MO, TMO, SHW, IEX, KIM, TFC, VAR, IP, ADS, BIIB, WRKK, TSCO, MM, ABC, HOLX, QRVO, RTN, VZ, -26

The SPX rallied sharply Thursday after the WHO declared a global health emergency and indicated confidence in China’s capacity to control outbreak.

After the close AMZN +182.32, +9.35%, WDC +4.04, +6.03% had positive EPS reactions, while V -5.16, -2.48% and EA -3.44, -3.08% had negative reactions.

Seven of eleven sectors were higher on Thursday, led by XLF, XLP and XLU.

SPY up 1.06 at 327.68 on 75.4 million shares, above average volume.  Up on higher volume.

VIX down .90 at 15.49

KO, MSFT, GS led the DJIA, 18 advancers, +18

NOW, FBHS, BEN led the SPX, 293 advancers

TSLA, MDLZ, LRCX, AAL led the NDX, 59 advancers

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

Up: DIA, QQQ, SPY, IWM,

Down:

Breadth strengthened slightly on Thursday as advancers led 1,520 to 1,385 on the NYSE and decliners led 1,891 to 1,327 on the NASDAQ

The SPX MFC green line is below 80 and is pointed down at 64 and is defensive. 

Uptrend sectors:  XLU, XLK, XLRE, XLP, XLC, XLI, XLY, XLV, XLF,

Neutral sectors:  XLB,

Down trend sectors: XLE,

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: Up

59 of 100 NDX stocks closed higher on Thursday.

55 NDX stocks are above their 30 DMA:  AAPL, MSFT, ADBE, ADSK, EA, LULU, MNST, WLTW, VRSK, GOOGL, NXPI, JD, NVDA, TSLA, ULTA, VRSN, CSX, PYPL, WDC, CTAS, CDNS, INTU, XEL, EXC, NFLX, SNPS, IDXX, INTC,  ANSS, CPRT, CSGP, SPLK, TMUS, CTXS, MELI, WDAY, FISV, VRTX, PAYX, COST, CHKP, PEP, SIRI, AMZN, ATVI, AVGO, CTSH, LRCX, NTES, TTWO, ADP, AMD, MDLZ, MXIM, SIRI,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 5

ADP, AMD, MDLZ, MXIM, SIRI,

Moving Below 30 DMA = 2

BMRN, FB,

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SPX Slides after Powell Press Conference...AAPL, MCD, BA, GE, NSC Positive EPS Reactions...

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Earnings Season Day 11.  Tuesday afternoon AMC 14 and Wednesday BMO 26 more SP 500 company reported.

Gainers: GE, PGR, AVY, DOW, NSC, NDAQ, TROW, TXT, ROL, IR AAPL, ALK, MCD, BA, GLW, MPC, PFG, RCL, WRB, MA, +20

Decliners: TEL, GD, ROK, EQR, BP, MXIM, SYK, IVZ, SBUX, SWK, MKTX, NVR, T, ADP, EBAY, CHRW, AMD, ANTM, HES, XLNX, -20

/ES futures rose 7 points overnight until Wednesday’s open.  After the open the futures sold of 20 points and the rose to new high after the Fed announced rates were unchanged.  During Powell’s press conference, the /ES again dropped more than 20 points.  Futures closed down 11 points at 3,272.  

Four of eleven sectors were higher on Wednesday, led by XLI, XLB and XLU.

SPY down .27 at 326.62 on 54.0 million shares, below average volume.  Down on lower volume.

VIX up .11 at 16.39

DOW, AAPL, MCD led the DJIA, 9 advancers, -15

LB, GE, PGR led the SPX, 189 advancers

FB, TSLA, AAPL, ASML led the NDX, 32 advancers

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

Up: QQQ, DIA,

Down: SPY, IWM,

Breadth weakened on Wednesday as advancers led 1,464 to 1,455 on the NYSE and decliners led 1,986 to 1,230 on the NASDAQ

The SPX MFC green line is below 80 and is pointed down at 71 and is now defensive due to price action moving down. 

Uptrend sectors:  XLU, XLK, XLRE, XLP, XLC, XLI, XLY, XLV, XLF,

Neutral sectors:  XLB,

Down trend sectors: XLE,

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

32 of 100 NDX stocks closed higher on Wednesday.

52 NDX stocks are above their 30 DMA:  AAPL, MSFT, ADBE, ADSK, EA, LULU, MNST, WLTW, VRSK, GOOGL, NXPI, JD, NVDA, TSLA, ULTA, VRSN, CSX, PYPL, WDC, CTAS, CDNS, INTU, XEL, EXC, FB, NFLX, SNPS, IDXX, INTC,  ANSS, CPRT, CSGP, SPLK, TMUS, CTXS, MELI, WDAY, FISV, VRTX, PAYX, COST, CHKP, PEP, SIRI, AMZN, ATVI, AVGO, CTSH, LRCX, NTES, TTWO, BMRN,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 1

BMRN,  

Moving Below 30 DMA = 10

ADP, AMD, CHTR, CSCO, EBAY, MDLZ, MU, MXIM, SGEN, SIRI,

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SPX Rallies 32 Points as VIX Falls, PHM, WHR, XRX Strong EPS Reactions...

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Earnings Season Day 10.  Monday afternoon AMC four and Tuesday BMO 13 more SP 500 company reported.

Gainers: PHM, WHR, XRX, AOS, HCA, PCAR, UTX, LMT, NUE, +9

Decliners: PKI, PNR, HOG, MKC, JNPR, PGE, FFIV, MMM, -8

/ES futures rose 17 points Monday evening until Tuesday’s open.  After the open the futures continued bouncing, closing up 42 points at 3,283. 

                                                                                                                                              

All eleven sectors were higher on Tuesday, led by XLK, XLF and XLC.

SPY up 3.39 at 326.89 on 63.8 million shares, slightly above average volume.  Up on lower volume.

VIX down 1.95 at 16.28

AAPL, INTC, MSFT led the DJIA, 24 advancers, +18

DLPH, PHM, WHR led the SPX, 409 advancers

TCOM, JD, KLAC, NVDA led the NDX, 90 advancers

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

Up: QQQ, SPY, IWM, DIA,

Down:

Breadth strengthened on Tuesday as advancers led 2,017 to 892 on the NYSE and led 2,202 to 976 on the NASDAQ

The SPX MFC green line is below 80 and is pointed down at 76 and remains counter-trend defensive due to price action moving up. 

Uptrend sectors:  XLU, XLK, XLP, XLC, XLI, XLY, XLV, XLF, XLB,

Neutral sectors:  XLE, 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

90 of 100 NDX stocks closed higher on Tuesday.

61 NDX stocks are above their 30 DMA:  AAPL, AMD,  MSFT, ADBE, ADSK, EA, LULU, MNST, WLTW, MDLZ, VRSK, GOOGL, NXPI, JD, NVDA, TSLA, ULTA, VRSN, CSX, PYPL, WDC, CTAS, CDNS, INTU, XEL, EXC, FB, NFLX, SNPS, CHTR, IDXX, INTC,  ANSS, CPRT, CSGP, SPLK, TMUS, CTXS, MELI, WDAY, FISV, VRTX, ADP, PAYX, COST, CHKP, PEP, SIRI, EBAY, AMZN, ATVI, AVGO, CSCO, CTSH, EBAY, LRCX, MU, MXIM, NTES, SGEN, TTWO,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 12

AMZN, ATVI, AVGO, CSCO, CTSH, EBAY, LRCX, MU, MXIM, NTES, SGEN, TTWO,

Moving Below 30 DMA = 0

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Futures Fall After Baghdad Embassy Explosions & Growing Coronavirus Infections, Deaths...DHI Gains on EPS...

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Earnings Season Day 9.  Monday morning BMO one more SP 500 company reported.

Gainers: DHI, +1

Decliners: 

/ES futures fell over 50 points from Friday’s close on Sunday evening through pre-market Monday morning and opened at 9:30 am ET at 3236.75.  After the open the futures traded in a range between 3233 to 3258, failing to fall further.

Much of the media stated falling prices resulted from growing concerns, cases and deaths from the coronavirus in China.

All eleven sectors were lower on Monday, led by XLU, XLP and XLRE.

SPY down 5.27 at 323.50 on 84.0 million shares, above average volume.  Down on lower volume.

VIX up 3.67 at 18.23

WMT, PFE, PG led the DJIA, 6 advancers, 0

BLL, AMCR, DHI led the SPX, 53 advancers

LBTYA, BIIB, GILD, DLTR led the NDX, 11 advancers

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

Up:

Down:  IWM, DIA, SPY, QQQ,

Breadth weakened on Monday as decliners led 2,333 to 619 on the NYSE and led 2,476 to 759 on the NASDAQ

The SPX MFC green line is above 80 and is pointed down at 82 and is counter-trend defensive. 

Uptrend sectors:  XLU, XLK, XLP, XLC, XLI, XLY, XLV, XLF, XLB,

Neutral sectors:  XLE, 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

11 of 100 NDX stocks closed higher on Monday.

49 NDX stocks are above their 30 DMA:  AAPL, AMD,  MSFT, ADBE, ADSK, EA, LULU, MNST, WLTW, MDLZ, VRSK, GOOGL, NXPI, JD, NVDA, TSLA, ULTA, VRSN, CSX, PYPL, WDC, CTAS, CDNS, INTU, XEL, EXC, FB, NFLX, SNPS, CHTR, IDXX, INTC,  ANSS, CPRT, CSGP, SPLK, TMUS, CTXS, MELI, WDAY, FISV, VRTX, ADP, PAYX, COST, CHKP, PEP, SIRI, EBAY,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 22

AMAT, AMZN, ATVI, AVGO, BMRN, CERN, CSCO, CTSH, EXPE, KLAC, LRCX, MCHP, MU, MXIM, NTES, QCOM, SBUX, SGEN, SWKS, TTWO, TXN, XLNX,

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SPX Falls after Coronavirus Concerns Continue...INTC, AXP, APD Positive EPS Reactions...

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Earnings Season Day 8.  Thursday AMC six and Friday morning BMO four more SP 500 companies reported.

Gainers: INTC, AXP, ADP, NEE, +4

Decliners: ETFC, SIVB, ISRG, SWKS, SYF, DFS, -6

The SPX opened higher and sold off after news regarding a growing of number of cases of coronavirus on Friday.  Both the NDX and COMP made new all-time highs, but finished lower on Friday.  

                                                                                                                                         

One of eleven sectors was higher on Friday, led by XLU, XLRE and XLI.

SPY down 2.95 at 328.77 on 87.5 million shares, above average volume.  Down on higher volume.

VIX up 1.58 at 14.56

INTC, AXP, BA led the DJIA, 6 advancers, -7

ANET, DVA, APD led the SPX, 81 advancers

AVGO, LBTYA, WLTW, NFLX led the NDX, 15 advancers

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

Up:

Down: DIA, QQQ, SPY, IWM,

Breadth weakened on Friday as decliners led 2,081 to 849 on the NYSE and led 2,399 to 816 on the NASDAQ

The SPX MFC green line is above 80 and is slightly down at 92 and is counter-trend defensive. 

Uptrend sectors:  XLU, XLK, XLP, XLC,  XLI, XLY, XLV, XLF, XLB,

Neutral sectors:  XLE, 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: Down

15 of 100 NDX stocks closed higher on Friday.

71 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMD,  BMRN, MSFT, ADBE, ADSK, EA, LULU, MNST, WLTW, CERN, SBUX, MDLZ, VRSK, GOOGL, MCHP, NXPI, TXN, ATVI, JD, NVDA, TSLA, ULTA, VRSN, MU, AMAT, CSX, LRCX, MXIM, PYPL, QCOM, WDC, XLNX, CTAS, KLAC, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB, NFLX, SNPS, CHTR, IDXX, INTC,  ANSS, CPRT, CSGP, SPLK, TMUS, NTES, CTXS, MELI, WDAY, FISV, TTWO, VRTX, ADP, PAYX, COST, CHKP, PEP, SIRI, CTSH, EBAY, AVGO, EXPE, SGEN,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 7

AAL, ADI, BIDU, CMCSA, FOXA, ISRG, ROST,

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