© 2020
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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