Friday, April 3, 2020

SPX Pullback after Jobs Report -701K vs. 150K Estimate...


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One of eleven sectors was higher on Friday, led by XLP, XLRE and XLV

SPY down 3.64 at 248.19 on 135.5 million shares, below average volume.  Down on lower volume.

VIX down 4.11 at 46.80

PFE, BA, WBA led the DJIA, 26 advancers, +25
CARR, APA, LB, MKTX led the SPX, 124 advancers
TSLA, KHC, INCY, MXIM led the NDX, 18 advancers

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

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

Breadth weakened on Friday as decliners led 2,339 to 634 on the NYSE and led 2,369 to 916 on the NASDAQ

The SPX MFC green line pointed down at 29 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

18 of 100 NDX stocks closed higher on Friday.

22 NDX stocks are above their 30 DMA:  CTXS, SGEN, AMZN, CDNS, NFLX, REGN, TTWO, VRTX, ALXN, NTES, INCY, AMGN, ATVI, CHKP, CSCO, EA, GILD, ILMN, INTC, KHC, VRSN, XLNX,


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


Moving Below 30 DMA = 4
BIIB, BMRN, IDXX, NVDA,

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