© 2020
Earnings
Season Day 10. Monday
afternoon AMC four and Tuesday BMO 13 more SP 500 company reported.
Gainers: PHM, WHR, XRX, AOS, HCA, PCAR, UTX, LMT,
NUE, +9
Decliners: PKI, PNR, HOG, MKC, JNPR, PGE, FFIV, MMM, -8
/ES
futures rose 17 points Monday evening until Tuesday’s open. After the open the futures continued bouncing,
closing up 42 points at 3,283.
All eleven
sectors were higher on Tuesday,
led by XLK, XLF and XLC.
SPY up 3.39 at 326.89 on 63.8 million shares, slightly above average volume. Up on lower volume.
VIX down 1.95 at 16.28
AAPL, INTC, MSFT led the DJIA, 24 advancers, +18
DLPH, PHM, WHR led the SPX, 409 advancers
TCOM, JD, KLAC, NVDA led the NDX, 90 advancers
Long term up
trend intact. 3-day short term trend is down.
Up: QQQ,
SPY, IWM, DIA,
Down:
Breadth strengthened
on Tuesday as advancers led 2,017 to 892 on the NYSE and
led 2,202 to 976 on the NASDAQ
The SPX
MFC green line is below 80 and is pointed down at 76 and remains counter-trend defensive due to price action
moving up.
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 sideways.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
90 of 100 NDX stocks
closed higher on Tuesday.
61 NDX stocks are above their 30 DMA: AAPL, AMD, MSFT, ADBE, ADSK, EA, LULU, MNST, WLTW,
MDLZ, VRSK, GOOGL, NXPI, JD, NVDA, TSLA, ULTA, VRSN, CSX, PYPL, WDC, CTAS,
CDNS, INTU, XEL, EXC,
FB, NFLX, SNPS, CHTR, IDXX, INTC, ANSS,
CPRT, CSGP, SPLK, TMUS, CTXS, MELI, WDAY, FISV, VRTX, ADP, PAYX, COST, CHKP,
PEP, SIRI, EBAY,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 12
AMZN,
ATVI, AVGO, CSCO, CTSH, EBAY, LRCX, MU, MXIM, NTES, SGEN, TTWO,
Moving Below 30 DMA = 0
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