SPX Higher Close, Best Quarter since 1998...QQQ, AAPL, AMZN, MSFT Bull Flag Bounce...

© 2020

NDX +195.69, +1.96% and SPX +47.05, +1.54% SPX opened slightly lower, traded up and closed higher.  SPX formed a bullish entry on a MACD bullish divergence on the daily chart while finishing its best quarter since 1998.   

All eleven sectors were higher on Tuesday, led by XLE, XLK and XLV

Energy leaders:  MPC, PSX, HAL, OKE

Technology leaders:  XLNX, WDC, LRCX, MU

Healthcare leaders:  HOLX, COO, ZTS, TMO

SPY up 3.90 at 308.36 on 113.3 million shares, above average volume, up on higher volume.

VIX down 1.35 at 30.43

INTC, MSFT, NKE led the DJIA, 26 advancers, -3

CFG, HOLX, MPC, LRCX led the SPX, 436 advancers

XLNX, TSLA, LULU, WDC led the NDX, 88 advancers

The two-year trend term is up.  The one-year trend is up.

Up: QQQ, IWM, SPY, DIA,

Down:

Breadth continued strong on Tuesday as advancers led 1,954 to 1,038 on the NYSE and led 2,298 to 1,086 on the NASDAQ

The SPX MFC green line is pointed down at 56 and is defensive.  Price action higher close bullish bounce large white candle pattern.

Uptrend sectors:  XLY, XLK, XLC, XLB, XLI, XLRE,

Neutral sectors:  XLV, XLF, XLU, XLP, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little

88 of 100 NDX stock closed higher on Tuesday.

70 NDX stocks are above their 30 DMA:  AMZN, CDNS, ASML, IDXX, KLAC, MSFT, NVDA, SNPS, SWKS, QCOM, AAPL, ADSK, EBAY, FAST, MCHP, MELI, PYPL, SPLK, WDAY, ADBE, ALGN, TSLA, BMRN, CSGP, ZM, AMAT, JD, NTES, TMUS, BIDU, ADI, AVGO, DLTR, MXIM, TXN, LRCX, REGN, NXPI, EA, TTWO, ATVI, ILMN, ANSS, NFLX, SGEN, VRTX, AMGN, INCY, DOCU, CTSH, CSCO, CTXS, ADP, CDW, CTAS, DXCM, GILD, INTU, KHC, MU, ORLY, PAYX, PCAR, PEP, ISRG, LULU, NTAP, VRSK, WDC, XLNX,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 6

ISRG, LULU, NTAP, VRSK, WDC, XLNX,  

Moving Below 30 DMA = 0

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SPX Bullish Harami, Ready to Bounce?

© 2020

NDX +111.80, +1.14% and SPX +44.19, +1.76% SPX opened higher and closed higher.  SPX formed a bullish harami at support on the daily chart.  Prepare for a potential bounce.

All eleven sectors were higher on Monday, led by XLI, XLB and XLY

Industrial leaders:  BA, LUV, ALK, AAL

Materials leaders:  MOS, SEE, WRK, IP

Consumer Discretionary leaders:  KSS, LB, PVH, RCL

SPY up 4.41 at 304.46 on 79.7 million shares, below average volume, up on lower volume.

VIX down 2.95 at 31.78

BA, RTX, DOW led the DJIA, 29 advancers, +28

COTY, KSS, SPG, LUV led the SPX, 56 advancers

MAR, EXPE, TSLA CDW led the NDX, 76 advancers

The two-year trend term is up.  The one-year trend is up.

Up: IWM, DIA, SPY, QQQ,

Down:

Breadth strengthened on Monday as advancers led 2,272 to 718 on the NYSE and led 2,272 to 1,143 on the NASDAQ

The SPX MFC green line is pointed down at 63 and is defensive.  Price action higher open, higher close bullish harami candle pattern.

Uptrend sectors:  XLY, XLK, XLC, XLB, XLI, XLRE,

Neutral sectors:  XLV, XLF, XLU, XLP, XLE,

Down trend sectors: 

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

76 of 100 NDX stock closed higher on Monday.

64 NDX stocks are above their 30 DMA:  AMZN, CDNS, ASML, IDXX, KLAC, MSFT, NVDA, SNPS, SWKS, QCOM, AAPL, ADSK, EBAY, FAST, MCHP, MELI, PYPL, SPLK, WDAY, ADBE, ALGN, TSLA, BMRN, CSGP, ZM, AMAT, JD, NTES, TMUS, BIDU, ADI, AVGO, DLTR, MXIM, TXN, LRCX, REGN, NXPI, EA, TTWO, ATVI, ILMN, ANSS, NFLX, SGEN, VRTX, AMGN, INCY, DOCU, CTSH, CSCO, CTXS, ADP, CDW, CTAS, DXCM, GILD, INTU, KHC, MU, ORLY, PAYX, PCAR, PEP,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 12

ADP, CDW, CTAS, DXCM, GILD, INTU, KHC, MU, ORLY, PAYX, PCAR, PEP,

Moving Below 30 DMA = 1

ALXN,

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SPX Opens Lower, Closes Lower as All Sectors Pullback...

© 2020

NDX -252.48, -2.50% and SPX -74.71, -2.38% SPX opened lower, traded down all day and closed lower.  SPX formed a large red candle closing near its low of the day on the daily chart. 

All eleven sectors were lower on Friday, led by weakest XLC, XLF and XLE

Communication services losers:  FB, TWTR, GCI, GOOGL

Financial losers:  HBAN, KEY, COF, GS

Energy losers:  NBL, DVN, OKE, FANG

SPY down 7.30 at 300.05 on 127.9 million shares, above average volume, down on higher volume.

VIX up 2.51 at 34.73

CSCO, DOW, PFE led the DJIA, 1 advancer, -21

GPS, FFIV, AKAM, BDX led the SPX, 56 advancers

DOCU, NTAP, EBAY ALGN led the NDX, 17 advancers

The two-year trend term is up.  The one-year trend is up.

Up:

Down: QQQ, SPY, IWM, DIA,

Breadth weakened on Friday as decliners led 2,446 to 551 on the NYSE and led 2,652 to 724 on the NASDAQ

The SPX MFC green line is pointed down at 67.1 and is defensive.  Price action lower open, lower close as sellers kept the index on the downside all day.

Uptrend sectors:  XLY, XLK, XLV, XLC, XLB, XLI, XLF, XLRE, XLE,

Neutral sectors:  XLU, XLP,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

17 of 100 NDX stock closed higher on Friday.

53 NDX stocks are above their 30 DMA:  AMZN, CDNS, ASML, AVGO, IDXX, KLAC, MSFT, NVDA, SNPS, SWKS, QCOM, AAPL, ADSK, EBAY, FAST, MCHP, MELI, PYPL, SPLK, WDAY, ADBE, ALGN, TSLA, BMRN, CSGP, ZM, AMAT, JD, NTES, TMUS, ADI, LRCX, AVGO, DLTR, MXIM, TXN, ALXN, REGN, NXPI, EA, TTWO, ATVI, ILMN, ANSS, NFLX, SGEN, VRTX, AMGN, INCY, DOCU, CTSH, CSCO, CTXS,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

CSCO, CTXS,

Moving Below 30 DMA = 17

ADP, CTAS, DXCM, EXPE, FB, GILD, GOOGL, INTU, KHC, LULU, MU, ORLY, PAYX, PCAR, PEP, VRSK, XLNX,

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SPX Forms Piercing Line as Stocks Rally Led by Financial, Energy and Technology Sectors...

© 2020

NDX +99.14, +0.99% and SPX +33.43, +1.10% SPX opened lower and traded in an intra-day basing pattern for most of Thursday before breaking out during the last hour of trading and closed higher.  SPX formed a piercing line candle on the daily chart.

Ten of eleven sectors were higher on Thursday, led by XLF, XLE and XLK

Financial leaders:  AMP, UNM, CFG, WFC

Energy leaders:  NOV, NBL, PXD, HAL

Technology leaders:  ACN, CTSH, IT, NVDA

SPY up 3.26 at 307.35 on 89.4 million shares, near average volume, up on lower volume.

VIX down 1.62 at 32.22

GS, DOW, JPM led the DJIA, 22 advancers, +22

NOV, CAN, NBL, AA led the SPX, 380 advancers

WDAY, DLTR, CTSH, BMRN led the NDX, 81 advancers

The two-year trend term is up.  The one-year trend is up.

Up: IWM, DIA, SPY, QQQ,

Down:

Breadth strengthened on Thursday as advancers led 1,920 to 1,039 on the NYSE and led 2,288 to 1,071 on the NASDAQ

The SPX MFC green line is pointed down at 70 and is defensive.  Price action formed a piercing line candle with a low above the bull flag low of June 15, indicating the potential for a bounce and uptrend continuation.

Uptrend sectors:  XLY, XLK, XLV, XLC, XLB, XLI, XLF, XLRE, XLE,

Neutral sectors:  XLU, XLP,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down a little

81 of 100 NDX stock closed higher on Thursday.

68 NDX stocks are above their 30 DMA:  AMZN, CDNS, KHC, AVGO, IDXX, KLAC, LULU, MSFT, NVDA, SNPS, SWKS, FB, QCOM, AAPL, ADSK, EBAY, FAST, GOOGL, MCHP, MELI, PYPL, SPLK, WDAY, ADBE, ALGN, TSLA, BMRN, ZM, AMAT, JD, NTES, TMUS, CTAS, LRCX, AVGO, DLTR, MXIM, TXN, XLNX, ALXN, REGN, NXPI, EA, TTWO, ATVI, ILMN, ANSS, DXCM, NFLX, SGEN, AMGN, INCY, GILD, DOCU, ADP, CTSH, EXPE, INTU, MU, ORLY, PAYX, PCAR, PEP, VRSK,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 10

ADP, CTSH, EXPE, INTU, MU, ORLY, PAYX, PCAR, PEP, VRSK,

Moving Below 30 DMA = 2

CTXS, XEL,

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SPX Gaps Below Low of High Day, Breaks Short-term Support...

© 2020

NDX -207.12, -2.03%, and SPX -80.86, -2.59%.  SPX gapped down below the low of the high day, Tuesday and moved lower, forming a lower open lower close red hammer.

All eleven sectors were lower on Wednesday, led by XLU, XLP and XLY

Utilities leaders:  ED, CNP, SRE

Staples leaders:  KR, HRL, MKC

Discretionary leaders:  TSCO, DG, CMG, DLTR

SPY down 7.96 at 304.09 on 132.8 million shares, above average volume, down on higher volume.

VIX up 2.47 at 33.84

WMT, PG, MCD led the DJIA, 0 advancers, -14

KR, TSCO CHRW DG led the SPX, 16 advancers

ZM, TMUS GILD NTES led the NDX, 6 advancers

The two-year trend term is up.  The one-year trend is up.

Up:

Down: QQQ, SPY, DIA, IWM,

Breadth weakened on Wednesday as decliners led 2,634 to 350 on the NYSE and led 2,805 to 597 on the NASDAQ

The SPX MFC green line is pointed down at 72 and is defensive.  Price action broke below the short-term support low of the last six trading days.

Uptrend sectors:  XLY, XLK, XLV, XLC, XLB, XLI, XLF, XLRE, XLE,

Neutral sectors:  XLU, XLP,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

6 of 100 NDX stock closed higher on Wednesday.

60 NDX stocks are above their 30 DMA:  AMZN, CDNS, KHC, ASML, AVGO, IDXX, KLAC, LULU, MSFT, NVDA, SNPS, SWKS, FB, QCOM, AAPL, ADSK, EBAY, FAST, GOOGL, MCHP, MELI, PYPL, SPLK, WDAY, ADBE, ALGN, TSLA, BMRN, CSGP, ZM, AMAT, JD, NTES, TMUS, CTAS, ADI, LRCX, AVGO, DLTR, MXIM, TXN, XLNX, ALXN, REGN, XEL, NXPI, EA, TTWO, ATVI, ILMN, ANSS, CTXS, DXCM, NFLX, SGEN, VRTX, AMGN, INCY, GILD, DOCU,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 20

ADP, BKNG, CDW, CERN, CTSH, EXPE, INTU, ISRG, LBTYA, MDLZ, MNST, MU, ORLY, PAYX, PCAR, PEP, SIRI, TCOM, VRSK, WBA,

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NDX All-time Closing High as SPX Churns at March Resistance...

© 2020

NDX +79.39.69, +0.78%, and SPX +13.43, +0.65%.  SPX gapped up and traded in a ranged as AAPL, AMZN, FB, MSFT, ADBE and PYPL rose to new all-time highs.  

Eight of eleven sectors were higher on Tuesday, led by XLY, XLK and XLC

Discretionary leaders:  MHK, DRI, NCLH, RCL

Tech leaders:  ADS, CTSH, ACN

Communication Services leaders:  IPG, OMC, LYV,

SPY up 1.43, at 312.05 on 68.0 million shares, below average volume, up on lower volume.

VIX down .40 at 31.37

NKE, AAPL, UNH led the DJIA, 14 advancers, -2

MHK, SYY, DRI, NCLH led the SPX, 257 advancers

EXPE, NTES, BKNG ALGN led the NDX, 63 advancers

The two-year trend term is up.  The one-year trend is up.

Up: QQQ, SPY, DIA, IWM,

Down:

Breadth strengthened slightly on Tuesday as advancers led 1,700 to 1,256 on the NYSE and led 1,858 to 1,515 on the NASDAQ

The SPX MFC green line is flat at 75 and is short-term bullish.  Price action is a 5-day bull flag, bounce and a 5-day pause closing above the HOLD.

Uptrend sectors:  XLY, XLK, XLV, XLC, XLB, XLI, XLF, XLRE, XLE,

Neutral sectors:  XLU, XLP,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

63 of 100 NDX stock closed higher on Tuesday.

81 NDX stocks are above their 30 DMA:  AMZN, CDNS, KHC, AVGO, IDXX, ISRG, KLAC, LULU, MSFT, NVDA, ORLY, SNPS, SWKS, FB, QCOM, AAPL, ADSK, EBAY, FAST, GOOGL, MCHP, MELI, MNST, PYPL, SPLK, WDAY, ADBE, ALGN, TSLA, BMRN, VRSK, CSGP, ZM, AMAT, JD, NTES, TMUS, CTAS, EXPE, ADI, LRCX, ASML, AVGO, BKNG, CDW, DLTR, MXIM, PCAR, TXN, XLNX, PAYX, ALXN, MU, SIRI, REGN, XEL, NXPI, EA, TTWO, ADP, ATVI, ILMN, LBTYA, ANSS, CTXS, DXCM, MDLZ, CERN, INTU, NFLX, SGEN, WBA, VRTX, AMGN, INCY, GILD, DOCU, TCOM, CTSH, PEP,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 2

CTSH, PEP,

Moving Below 30 DMA = 3

AMD, CHTR, WDC,

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