© 2020
SPX: 3,345.78, DJI: 29,379.77, Nasdaq 100: 9,445.92, Nasdaq Composite: 9,572.15, made new all-time closing highs again today. As Dave mentors live each day: “Trade with the trend as long as it continues.”
Earnings Season Day 17: Wednesday AMC 10 and Thursday BMO 21 more SP 500 companies reported.
Gainers: TWTR, CAH, CTSH, FMC, ODFL, EL, REGN, CINF, ABMD, PM, CI, LNC, BMY, TPR, BLL, AVB, MET, SPGI +18
Decliners: BDX, PAYC, K, TSN, XYL, WLTW, ORLY, FOXA, ICE, YUM, SNA, CDW, QCOM, -13
Seven of eleven sectors were higher on Thursday, led by XLC, XLK and XLRE.
SPY up 1.12 at 333.98 on 50.3 million shares, below average volume. Up on lower volume.
VIX down .19 at 14.96
BA, MSFT, AAPL led the DJIA, 16 advancers, -8
TWTR, CAH, FMC led the SPX, 229 advancers
CTSH, TTWO, ULTA, REGN led the NDX, 63 advancers
Long term up trend intact. 3-day short term trend is up.
Up: QQQ, SPY, DIA
Down: IWM,
Breadth weakened on Thursday as decliners led 1,507 to 1,402 on the NYSE and led 1,720 to 1,470 on the NASDAQ
The SPX MFC green line is below 80 and pointed up at 64 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 Trend: Up
63 of 100 NDX stocks closed higher on Thursday.
74 NDX stocks are above their 30 DMA: AAPL, MSFT, ADBE, ADSK, LULU, MNST, WLTW, VRSK, GOOGL, TSLA, ULTA, VRSN, CSX, PYPL, CTAS, CDNS, INTU, XEL, EXC, NFLX, SNPS, INTC, ANSS, CPRT, CSGP, SPLK, CTXS, MELI, WDAY, FISV, VRTX, PAYX, COST, CHKP, PEP, AMZN, MDLZ, CHTR, ADP, CTSH, GILD, JD, LRCX, NTES, SIRI, WDC, AAL, AMAT, AMD, ASML, CERN, EBAY, EXPE, FAST, MXIM, NVDA, NXPI, TMUS, AVGO, BIIB, BMRN, CSCO, MCHP, MU, QCOM, REGN, ROST, SGEN, TXN, ATVI, BIDU, EA, IDXX, TTWO,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 5
ATVI, BIDU, EA, IDXX, TTWO,
Moving Below 30 DMA = 3
FOXA, MAR, PCAR,
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