© 2020
Futures
moved down overnight after AAPL warned that revenue would be
lower for the quarter after the Coronavirus slowed demand and supply of
iPhones. QQQ/NDX inched to another new all-time closing highs.
Two
of eleven
sectors were higher on Tuesday, led by XLU, XLC and XLY.
SPY down .87 at 336.73 on 57.2 million shares, below average
volume. Down on lower volume.
VIX up 1.15 at 14.83
WMT, UNH, MSFT led the DJIA, 6 advancers, -9
LDOS, BEN, AAP led the SPX, 181 advancers
TSLA, TMUS, AMD, DLTR led the NDX, 42 advancers
Long term up
trend intact. 3-day short term trend is sideways.
Up: QQQ,
Down: IWM, SPY,
DIA,
Breadth weakened
slightly on Tuesday as decliners led 1,692 to 1,215 on the NYSE and led 1,786 to 1,451 on the NASDAQ
The SPX
MFC green line is above 80 and is at 94 and is short-term
bullish.
Uptrend sectors: XLU, XLRE, XLK, XLC, XLP, XLY, XLF,
XLI, XLV,
Neutral sectors:
XLB,
Down trend sectors: XLE,
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: Sideways
42 of 100 NDX stocks
closed higher on Tuesday.
77 NDX stocks are above their 30 DMA: AAPL, MSFT, ADBE,
ADSK, LULU, MNST, WLTW, VRSK, GOOGL, TSLA, ULTA, CSX, PYPL, CTAS, CDNS,
INTU, XEL, EXC,
NFLX, SNPS, INTC, ANSS, CPRT, CSGP, SPLK, CTXS, WDAY, VRTX, PAYX,
COST, CHKP, PEP, AMZN, MDLZ, CHTR,
ADP,
CTSH, GILD, JD, LRCX, NTES, WDC, AAL, AMAT, AMD, ASML, CERN, EBAY, FAST, MXIM,
NVDA, NXPI, TMUS, BIIB, BMRN, MU, REGN, ROST, SGEN, TXN, ATVI, IDXX, SIRI,
ADI, BIDU, ISRG, QCOM, CMCSA, EXPE, FOXA, MELI, FISV, INCY, SBUX, BKNG, DLTR,
FB, VRSN,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 3
DLTR,
FB, VRSN,
Moving Below 30 DMA = 5
ALGN, AVGO,
CDW, KLAC, MCHP,
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