© 2020
Earnings
Season Day 6. Yesterday
AMC five and this morning seven more SP 500 companies reported.
Gainers: COF, IBM, ABT, FITB
Decliners: BKR, JNJ, APH, PLD, UAL, NTRS, NFLX, ZION
Concerns
of the coronavirus cases and fatalities rising weighed on the markets after the
SPX, NDX and COMP made new intraday all-time highs. The Nasdaq 100: 9,188.57, did make
an all-time closing high.
Five of eleven sectors were higher on Wednesday, led by XLK, XLU and XLF.
SPY up .04 at 331.34 on 48.9 million shares, below average volume. Up on lower volume.
VIX up .06 at 12.91
INTC, IBM, KO led the DJIA, 15 advancers, +3
COF, BLL, ETN led the SPX, 233 advancers
TSLA, SGEN, JD, ALGN led the NDX, 60 advancers
Long term up
trend intact. 3-day short term trend is up a little.
Up: QQQ,
SPY,
Down: DIA, IWM,
Breadth strengthened moderately on Wednesday as decliners led 1,459 to 1,452 on the NYSE
and decliners led 1,634 to 1,574 on the NASDAQ
The SPX
MFC green line is above 80 and is slightly down at 96 and is short-term bullish.
Uptrend sectors: XLC, XLK, XLI, XLY, XLU, XLV, XLP,
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: Up a little
60 of 100 NDX stocks
closed higher on Wednesday.
79 NDX stocks are above their 30 DMA: AAPL, SWKS, AMD,
FOXA, BMRN, MSFT, ADBE, ADSK, EA,
LULU, MNST, WLTW, CERN, SBUX, MDLZ, VRSK, GOOGL, ASML, MCHP, NXPI, TXN, ATVI,
JD, NVDA, TSLA, ULTA, VRSN, MU, AMAT, BIDU, CSX, LRCX, MXIM, PYPL, QCOM, WDC,
XLNX, CTAS, EBAY, KLAC, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB, NFLX, SNPS, CHTR,
IDXX, INTC, ROST, CMCSA, ANSS, CPRT,
CSGP, SPLK, TMUS, NTES, CTXS, MELI, WDAY, FISV, TTWO, VRTX, ADP, PAYX,
COST, ISRG, ALXN, CHKP, PEP, SIRI, CTSH, ADI,
EBAY, ILMN,
ALGN,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
ALGN,
Moving Below 30 DMA = 2
ORLY, TCOM,
No comments:
Post a Comment