© 2020
Earnings
Season has begun. This
morning six SP 500 companies reported.
Gainers: DAL, C, JPM, FRC
Decliners: INFO, WFC
Five of eleven sectors were higher on Tuesday, led by XLV, XLU and XLP.
SPY down .50 at 327.45 on 63.0 million shares, above average
volume. Down on higher volume.
VIX up .07 at 12.39
PFE, JPM, WBA led the DJIA, 16 advancers, -5
PRGO, FOSL, APA led the SPX, 268 advancers
INCY, ULTA, TSLA, AVGO led the NDX, 48 advancers
Long term up
trend intact. 3-day short term trend is up.
Up: IWM,
DIA,
Down: SPY, QQQ
Breadth weakened
on Tuesday as advancers led 1,681 to 1,250 on the NYSE and
led 1,617 to 1,606 on the NASDAQ
The SPX
MFC green line is above 80 and is pointed up at 95 and is short-term bullish.
Uptrend sectors: XLC, XLK, XLI, XLY, XLF, XLV, XLU,
XLB, XLP,
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
48 of 100 NDX stocks
closed higher on Tuesday.
87 NDX stocks are above their 30 DMA: AAPL, SWKS, AMD,
FOXA, BMRN, MSFT, ADBE, ADSK, EA,
LULU, MNST, WLTW, CERN, SBUX, MDLZ, VRSK, GOOGL, ADI, 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, ALGN, 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, BIIB, KHC,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 3
AMGN,
BIIB, KHC,
Moving Below 30 DMA = 0
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