Rally Pauses on Tuesday...Worst Quarter Since 2008...

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The SPX 42.06, -1.60%, pulled back on Tuesday.  VIX made its lowest close since March 10.  The SPX closed -20% for the quarter, its worst since 2008.

One of eleven sectors was higher on Tuesday, led by XLE, XLC and XLV

SPY down 3.90 at 257.75 on 194.8 million shares, below average volume.  Down on higher volume.

VIX down 3.54 at 53.54

CAT, DOW, WBA led the DJIA, 5 advancers, -24

NBL, XEC, FANG, OKE led the SPX, 111 advancers

UAL, NTES, TSLA, TCOM led the NDX, 29 advancers

Two-year trend term continues above 2018 support.  3-day short term trend is down a little.

Up:

Down: IWM, QQQ, SPY, DIA,

Breadth weakened on Tuesday as decliners led 1,661 to 1,325 on the NYSE and led 1,694 to 1,629 on the NASDAQ

The SPX MFC green line moved up to 31.3 and is a down-trend countertrend bounce nearing reversal breakout. 

Uptrend sectors: 

Neutral sectors: 

Down trend sectors: XLK, XLV, XLU, XLRE, XLC, XLP, XLY, XLI, XLB, XLF, XLE,

The 6-month intermediate trend is down.  The ten-day trend is up a little.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down a little

29 of 100 NDX stocks closed higher on Tuesday.

19 NDX stocks are above their 30 DMA:  CTXS, GILD, ILMN, SGEN, AMZN, BIIB, CDNS, JD, KHC, NFLX, NVDA, REGN, TTWO, VRTX, ATVI, ALXN, CHKP, IDXX, NTES,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 5

ALXN, ATVI, CHKP, IDXX, NTES, 

Moving Below 30 DMA = 7

AMD, AMGN, CSCO, INTC, KLAC, MSFT, VRSN,

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Buyers Reverse Friday's Pullback, Back to Thursday's Close...

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Nobel laureate predicts a quicker coronavirus recovery:  Click here
Understand how outbreaks spread:Click here

Wed Ingraham Interview of Rigano 4 min video: Click here:

Thursday Varney Interview of Rigano 2 min video:  Click here:

About the 2 drugs that could treat COVID-19:   Click here:

The SPX +85.18, +3.37%, reversed Friday’s pullback and closed with four points of Thursday’s close.  VIX made its lowest close since March 11, confirming the bounce in the SPX.

All eleven sectors were higher on Monday, led by XLV, XLK and XLP

SPY up 8.23 at 261.65 on 170.9 million shares, below average volume.  Up on lower volume.

VIX down 8.46 at 57.08

JNJ, MRK, MSFT led the DJIA, 29 advancers, +27

UHS, CI, VIAC, MCK led the SPX, 338 advancers

ADSK, VRSN, FOXA, CDNS led the NDX, 91 advancers

Two-year trend term continues above 2018 support.  3-day short term trend is up.

Up: QQQ, SPY, DIA, IWM,

Down:

Breadth strengthened on Monday as advancers led 1,802 to 1,198 on the NYSE and led 2,083 to 1,219 on the NASDAQ

The SPX MFC green line moved up to 28.9 and is a down-trend countertrend bounce nearing reversal breakout. 

Uptrend sectors: 

Neutral sectors: 

Down trend sectors: XLK, XLV, XLU, XLRE, XLC, XLP, XLY, XLI, XLB, XLF, XLE,

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

91 of 100 NDX stocks closed higher on Monday.

21 NDX stocks are above their 30 DMA:  CTXS, GILD, ILMN, SGEN, AMD, AMGN, AMZN, BIIB, CDNS, CSCO, INTC, JD, KHC, KLAC, MSFT, NFLX, NVDA, REGN, TTWO, VRSN, VRTX,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 17

AMD, AMGN, AMZN, BIIB, CDNS, CSCO, INTC, JD, KHC, KLAC, MSFT, NFLX, NVDA, REGN, TTWO, VRSN, VRTX,

Moving Below 30 DMA = 0

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House Passes Stimulus Bill, SPX Drops 70 points in Final 30 Minutes...

© 2020

As our Live Mentoring clients know I have been very disappointed in the emotionally charged fear based myopic approach the media has used on the American public while covering COVOD-19.  Finally, a reality-based article worth reading on the challenge before us:   Click here:

Take time to read these articles and view the videos for a more constructive perspective on coronavirus…

Billionaire Leon Cooperman thinks market has hit bottom:   Click here:
John Rogers once in a lifetime opportunity:   Click here

Bill Ackman aggressive buyer of stocks:   Click here

Fed’s Bullard: Not a recession, an investment in survival:  Click here

Nobel laureate predicts a quicker coronavirus recovery:  Click here
Understand how outbreaks spread:Click here

Wed Ingraham Interview of Rigano 4 min video: Click here:

Thursday Varney Interview of Rigano 2 min video:  Click here:

About the 2 drugs that could treat COVID-19:   Click here:

The SPX -88.60, -3.37%, fell 70 points in the last 30 minutes on Friday, following a three-day rally.  This was the first up week for the SPX since Feb 14.  The House passed the coronavirus stimulus deal and Trump signed Friday also.

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

SPY down 7.78 at 253.42 on 224.3 million shares, above average volume.  Down on lower volume.

VIX up 4.54 at 65.54

PG, TRV, WMT led the DJIA, 2 advancers, -27

EXR, AVB, UDR, AIV led the SPX, 74 advancers

CHKP, CTXS, XEL, WLTW led the NDX, 7 advancers

Two-year trend term closed above 2018 support.  3-day short term trend is up.

Up:

Down: SPY, QQQ, IWM, DIA,

Breadth weakened on Friday as decliners led 2,356 to 655 on the NYSE and led 2,518 to 858 on the NASDAQ

The SPX MFC green line moved up to 22.5 and is a down-trend counter-trend bounce. 

Uptrend sectors: 

Neutral sectors: 

Down trend sectors: XLK, XLV, XLU, XLRE, XLC, XLP, XLY, XLI, XLB, XLF, XLE,

The 6-month intermediate trend is down.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

7 of 100 NDX stocks closed higher on Friday.

4 NDX stocks are above their 30 DMA:  CTXS, GILD, ILMN, SGEN,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 12

AMD, AMZN, ASML, CDNS, CSCO, JD, KLAC, NFLX, NVDA, REGN, TTWO, XLNX,

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SPX, DJIA 6% Gain After Senate Approves Stimulus Package Wednesday Evening...

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Take time to read these articles and view the videos for a more constructive perspective on coronavirus…

John Rogers once in a lifetime opportunity:   Click here
Bill Ackman aggressive buyer of stocks:   Click here

Fed’s Bullard: Not a recession, an investment in survival:  Click here

Nobel laureate predicts a quicker coronavirus recovery:  Click here
Understand how outbreaks spread:Click here

Wed Ingraham Interview of Rigano 4 min video: Click here:

Thursday Varney Interview of Rigano 2 min video:  Click here:

About the 2 drugs that could treat COVID-19:   Click here:

The DJIA rallied +6.38% on Thursday.  The SPX +154.51, 6.24%, completed a three-day rally.  Effects of the coronavirus pandemic hit weekly jobless claims of 3.283 million vs. estimate of 1.0 million.  Markets still rallied.

All eleven sectors were higher on Thursday, led by XLU, XLRE and XLV

SPY up 14.41 at 261.20 on 255.9 million shares, above average volume.  Up on lower volume.

VIX down 2.95 at 61.00

BA, CVX, WBA led the DJIA, 29 advancers, +11

COTY, GCI, SYY, CFG led the SPX, 467 advancers

NTAP, ADP, AVGO, LRCX led the NDX, 93 advancers

Two-year trend term closed above 2018 support.  3-day short term trend is up.

Up: IWM, DIA, SPY, QQQ,

Down:

Breadth strengthened on Thursday as advancers led 2,650 to 368 on the NYSE and led 2,775 to 549 on the NASDAQ

The SPX MFC green line moved up to 16.8 and is a down-trend counter-trend bounce. 

Uptrend sectors: 

Neutral sectors: 

Down trend sectors: XLK, XLV, XLU, XLRE, XLC, XLP, XLY, XLI, XLB, XLF, XLE,

The 6-month intermediate trend is down.  The ten-day trend is up a little.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

93 of 100 NDX stocks closed higher on Thursday.

16 NDX stock is above their 30 DMA:  CTXS, JD, AMD, AMZN, ASML, CDNS, CSCO, GILD, ILMN, KLAC, NFLX, NVDA, REGN, SGEN, TTWO, XLNX,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 14

AMD, AMZN, ASML, CDNS, CSCO, GILD, ILMN, KLAC, NFLX, NVDA, REGN, SGEN, TTWO, XLNX,

Moving Below 30 DMA = 0

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SPX Drops in Closing Minutes as Stimulus Deal Not Quite Finished....MU Up in After-hours on EPS Reaction...

© 2020

Take time to read these articles and view the videos for a more constructive perspective on coronavirus…

Bill Ackman aggressive buyer of stocks:   Click here

Fed’s Bullard: Not a recession, an investment in survival:  Click here

Nobel laureate predicts a quicker coronavirus recovery:  Click here
Understand how outbreaks spread:Click here

Wed Ingraham Interview of Rigano 4 min video: Click here:

Thursday Varney Interview of Rigano 2 min video:  Click here:

About the 2 drugs that could treat COVID-19:   Click here:

The DJIA rallied +2.39% on Wednesday.  The SPX +28.23, 1.15%, had been up more than 100 points during the day, pulled back about 80 points going into the close as differences over unemployment provisions of the stimulus deal became public.  Differences were ultimately resolved, and the Senate passed the bill late Wednesday evening.  It now moves to the House for approval.

Eight of eleven sectors were higher on Wednesday, led by XLI, XLE and XLRE

SPY up 3.64 at 246.79 on 299.4 million shares, above average volume.  Up on higher volume.

VIX up 2.28 at 63.95

BA, UTX, NKE led the DJIA, 18 advancers, -11

AFL, NCLH, RCL, MPC led the SPX, 356 advancers

ROST, ALGN, UAL, EXPE led the NDX, 49 advancers

Two-year trend term closed above 2018 support.  3-day short term trend is up.

Up: DIA, SPY, IWM,

Down: QQQ,

Breadth weakened slightly on Wednesday as advancers led 2,423 to 587 on the NYSE and led 2,208 to 1,134 on the NASDAQ

The SPX MFC green line moved up to 12 and is a down-trend counter-trend bounce. 

Uptrend sectors: 

Neutral sectors: 

Down trend sectors: XLK, XLV, XLU, XLRE, XLC, XLP, XLY, XLI, XLB, XLF, XLE,

The 6-month intermediate trend is down.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

49 of 100 NDX stocks closed higher on Wednesday.

2 NDX stock is above their 30 DMA:  CTXS, JD,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 2

GILD, REGN,

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DJIA +11.37%, Largest % Gain Since 1933, Expecting Senate Coronavirus Stimulus Deal......

© 2020

Take time to read these articles and view the videos for a more constructive perspective on coronavirus…

Bill Ackman aggressive buyer of stocks:   Click here

Fed’s Bullard: Not a recession, an investment in survival:  Click here

Nobel laureate predicts a quicker coronavirus recovery:  Click here
Understand how outbreaks spread:Click here

Wed Ingraham Interview of Rigano 4 min video: Click here:

Thursday Varney Interview of Rigano 2 min video:  Click here:

About the 2 drugs that could treat COVID-19:   Click here:

The DJIA made it largest percentage move since March 15, 1933 when it gained +15.34%.

DJI = 20,704.91, +2,112, +11.37%

SPX = 2,4447.33, +209, +9.38%

NDX = 7,553.83, +546, +7.81%

SMH = 115.63, +10.82, +10.32%

VIX = 61.69.

All eleven sectors were higher on Tuesday, led by XLE, XLI and XLF

SPY up 20.20 at 243.15 on 235.4 million shares, average volume.  Up on lower volume.

VIX up .08 at 61.67

CVX, AXP, BA led the DJIA, 29 advancers, +25

NCLH, LB, AAL led the SPX, 489 advancers

AAL, UAL, ULTA, INTU led the NDX, 95 advancers

Two-year trend term closed above 2018 support.  3-day short term trend is sideways.

Up: DIA, IWM, SPY, QQQ,

Down:

Breadth strengthened, on Tuesday as advancers led 2,790 to 243 on the NYSE and led 2,873 to 464 on the NASDAQ

The SPX MFC green line moved up to 9.4 and is a down-trend counter-trend bounce. 

Uptrend sectors: 

Neutral sectors: 

Down trend sectors: XLK, XLV, XLU, XLRE, XLC, XLP, XLY, XLI, XLB, XLF, XLE,

The 6-month intermediate trend is down.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Sideways

95 of 100 NDX stocks closed higher on Tuesday.

4 NDX stock is above their 30 DMA:  CTXS, GILD, REGN, JD,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

JD,

Moving Below 30 DMA = 0

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