Friday, February 7, 2020

NDX/QQQ Makes Intra-day High Before Closing Lower...


© 2020


Earnings Season Day 18:  Thursday AMC 12 and Friday BMO 4 more SP 500 companies reported.
Gainers: NLOK, NOV, ABBV, TMUS, ATVI, MSI +6
Decliners: TTWO, FLT, VRSN, WYNN, CBOE, FTNT, NWSA, HBI, MTB, FE, -10

Two of eleven sectors were higher on Friday, led by XLP, XLRE and XLC.         

SPY down 1.78 at 332.20 on 64.1 million shares, average volume.  Down on higher volume.
VIX up .51 at 15.47

VZ, UTX, KO led the DJIA, 5 advancers, -11
NLOK, NOV, ABBV led the SPX, 133 advancers
TMUS, WDAY, ATVI, KHC led the NDX, 24 advancers

Long term up trend intact.  3-day short term trend is up.

Up:
Down: QQQ, SPY, DIA, IWM,

Breadth weakened on Friday as decliners led 1,862 to 1,053 on the NYSE and led 2,261 to 958 on the NASDAQ

The SPX MFC green line is below 80 and pointed up at 77 and is short-term bullish

Uptrend sectors XLK, XLP, XLY, XLF, XLI, XLU, XLRE, XLC, 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 TrendUp

24 of 100 NDX stocks closed higher on Friday.

66 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, FISV, VRTX, PAYX, COST, CHKP, PEP, AMZN, MDLZ, CHTR, ADP, CTSH, GILD, JD, LRCX, NTES, WDC, AAL, AMAT, AMD, ASML, CERN, EBAY, EXPE, FAST, MXIM, NVDA, NXPI, TMUS, AVGO, BIIB, BMRN, CSCO, MU, REGN, ROST, SGEN, TXN, ATVI, IDXX,

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 0


Moving Below 30 DMA = 8
BIDU, EA, MCHP, MELI, QCOM, SIRI, TTWO, VRSN,


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