© 2020
BAC, C, PGR, PNC, SCHW and USB had negative EPS reactions today. UNH had a positive EPS reaction. GS finished fractionally higher after earnings.
All
eleven
sectors were lower on Wednesday, led by XLV,
XLC and XLP
SPY down 6.03 at 277.76 on 121.7 million shares, below average volume, down
on lower volume.
VIX up 3.08 at 40.84
UNH, BA, JNJ led the DJIA, 5 advancers, -19
FOSL, CNC, MKTX, SWN led the SPX, 39 advancers
MELI, ATVI, NFLX, UAL led the NDX, 19 advancers
The two-year trend term
is up.
A new uptrend has
emerged following a higher low W pattern reversal. 3-day short term trend
is sideways.
Up:
Down: QQQ, DIA,
SPY, IWM,
Breadth weakened
on Wednesday as decliners led 2,492 to 482 on the NYSE and led 2,530 to 737 on the NASDAQ
The SPX
MFC green line is pointed up at 61.8 and is a short-term
bullish.
Uptrend sectors: XLV, XLP, XLK, XLB, XLY, XLU, XLC,
Neutral sectors:
XLRE,
Down trend sectors: XLI,
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: Sideways
19 of 100 NDX stocks
closed higher on Wednesday.
87 NDX stocks are above their 30 DMA: CTXS, SGEN, AMZN,
CDNS, NFLX, REGN, TTWO, VRTX, ALXN, NTES, INCY, AMGN, ATVI, CHKP, CSCO, EA,
ILMN, INTC, KHC, VRSN, XLNX, AMD, ANSS, AVGO, CHTR, COST, CSX, IDXX, ISRG, JD,
KLAC, LULU, MDLZ, MSFT, MU, MXIM, NVDA, ORLY, PCAR, PEP, SNPS, SWKS, TMUS, TXN,
ADI, FB, LRCX, QCOM, SBUX, WLTW, AAPL, ADP, ADSK, AMAT, BIIB, CDW, CERN, CMCSA,
CSGP, CTSH, EBAY, FAST, FOXA, GOOGL, INTU, LBTYA, MCHP, MELI, MNST, PYPL, ROST,
SPLK, ULTA, WDAY, WDC, XEL, ADBE, ALGN, BKNG, EXC, TSLA, BMRN, GILD, BIDU,
DLTR, SIRI, VRSK,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 5
FISV,
NTAP, NXPI, PAYX, WBA,
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