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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