© 2020
Earnings
Season Day 3. Yesterday
AMC and this morning five more SP 500 companies reported.
Gainers: MS, SCHW
Decliners: PPG, BK, AA
SPX
closes above 3,300 for the first time. The SPX: 3,316.81,
DJI: 29,297.64, Nasdaq 100: 9,125.00, Nasdaq Composite: 9,357.13,made new all-time closing highs
today. As
Dave mentors live each day: “Trade with the trend as long as it
continues.”
All eleven
sectors were higher on Thursday,
led by XLK, XLI and XLY.
SPY up 2.73 at 330.92 on 54.0 million shares, below average volume. Up on lower volume.
VIX down .10 at 12.32
CSCO, HD, GS led the DJIA, 26 advancers, +9
MS, CPRI, SCHW led the SPX, 440 advancers
FOXA, ALGN, WDC, SPLK led the NDX, 88 advancers
Long term up
trend intact. 3-day short term trend is up.
Up: IWM, QQQ,
DIA, SPY,
Down:
Breadth improved
on Thursday as advancers led 2,044 to 853 on the NYSE and
led 2,431 to 793 on the NASDAQ
The SPX
MFC green line is above 80 and is pointed up 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
88 of 100 NDX stocks
closed higher on Thursday.
91 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, EXPE, MU, AMAT, BIDU, BKNG, CSX, LRCX, MXIM, PYPL,
QCOM, WDC, XLNX, CTAS, EBAY, KLAC, TCOM, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB,
NFLX, SNPS, CHTR, IDXX, INTC, ROST, CMCSA,
ANSS, CDW, CPRT, CSGP, SPLK, TMUS, NTES, CTXS, MELI, WDAY, FISV, REGN,
TTWO, VRTX, NTAP, ADP, PAYX, COST, ISRG, ALXN, CHKP, FAST, MAR, PEP, SIRI,
AMGN, KHC, CTSH, UAL, AAL, ADI, ALGN, EBAY, ORLY,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 5
AAL, ADI, ALGN, EBAY, ORLY,
Moving Below 30 DMA = 0
No comments:
Post a Comment