Wednesday, April 1, 2020

SPX Gaps Down after Futures Fall Tuesday Night as Coronavirus Concerns Grow...


© 2020


COVOD-19 a reality-based article worth reading on the challenge before us:   Click here:


Take time to read these articles for a more constructive perspective on coronavirus…

Fed’s Bullard: Not a recession, an investment in survival:  Click here
Understand how outbreaks spread:Click here
About the 2 drugs that could treat COVID-19:   Click here:


All eleven sectors were lower on Wednesday, led by XLP, XLV and XLC

SPY down 11.60 at 246.15 on 189.5 million shares, below average volume.  Down on lower volume.
VIX up 3.52 at 57.06

WMT, PG, XOM led the DJIA, 1 advancer, -4
NEM, TGT, K, NOC led the SPX, 26 advancers
REGN, TMUS, INCY, JD led the NDX, 8 advancers

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

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

Breadth weakened on Wednesday as decliners led 2,799 to 210 on the NYSE and led 2,874 to 455 on the NASDAQ

The SPX MFC green line pointed down at 31.2 and is a short-term bearish

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 TrendDown

8 of 100 NDX stocks closed higher on Wednesday.

12 NDX stocks are above their 30 DMA:  CTXS, SGEN, AMZN, CDNS, JD, NFLX, REGN, TTWO, VRTX, ALXN, NTES, INCY,


NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
INCY,

Moving Below 30 DMA = 8
ATVI, BIIB, CHKP, GILD, IDXX, ILMN, KHC, NVDA,


Add Comments here:

No comments: