Monday, January 27, 2020

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


© 2020


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 TrendDown

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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