AAPL, FB, AMZN EPS Beat Lifts NDX, SPX, DJI as RUT Falls...

© 2020

NDX +190.37, +1.78% and SPX +24.90, +0.77%.  NDX is a channel bounce continuation.  SPX gapped up opened higher and closed higher after a morning selloff.  SPX also gapped up, pulled back gave a fourth chance trigger on a bull flag entry and closed higher.  

AAPL +40.28, +10.47%, FB +19.17, +8.17% and AMZN +112.80, +3.70% rose on positive EPS reactions.   

CLX and 9 other SP500 stocks report before the open on Monday.

Six of eleven sectors were higher on Friday, led by XLK, XLC and XLY.

Technology leaders:  AAPL, ANET, NTAP, LDOS

Communication Services leaders:  FB, CHTR, TTWO, EA

Consumer Discretionary leaders:  AMZN, TGT, EBAY, NKE

SPY up 2.56 at 326.52 on 85.2 million shares, average volume, up on higher volume.

VIX down .30 at 24.46

AAPL, MRK, CSCO led the DJIA, 10 advancers, +5

KSU, CHD PEG, NEM led the SPX, 230 advancers

FB, IDXX AMZN NTAP led the NDX, 55 advancers

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

Up: QQQ, SPY, DIA,

Down: IWM,

Breadth strengthened on Friday as decliners led 1,725 to 1,249 on the NYSE and led 2,258 to 1,146 on the NASDAQ

The SPX MFC green line is pointed up at 89 and is short-term bullish.  Price action is bull flag bounce.

Uptrend sectors:  XLP, XLB, XLY, XLV, XLK, XLC, XLI,

Neutral sectors:  XLU, XLRE, XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

55 of 100 NDX stock closed higher on Friday.

71 NDX stocks are above their 30 DMA:  AMZN, CDNS, IDXX, NVDA, SWKS, AAPL, FAST, MELI, PYPL, SPLK, ALGN, TSLA, NTES, MXIM, LRCX, EA, TTWO, ATVI, ILMN, ANSS, AMGN, DOCU, DXCM, PEP, VRSK, XLNX, CHKP, COST, MNST, CHTR, CMCSA, CTSH, KHC, PCAR, AMD, CTAS, ISRG, LULU, ORLY, XEL, CPRT, CSX, EXC, TCOM, CSCO, MRNA, FISV, SIRI, VRSN, AMAT, BIIB, INTU, LBTYA, QCOM. REGN, SNPS, CDW, JD, ROST, SBUX, KLAC, ADBE, AVGO, EBAY, FB, MSFT, NFLX, NTAP, NXPI, TMUS, WDC,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 10

ADBE, AVGO, EBAY, FB, MSFT, NFLX, NTAP, NXPI, TMUS, WDC,

Moving Below 30 DMA = 6

BKNG, CERN, DLTR, EXPE, GOOGL, MU,

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NDX Moves Higher as SPX, DJI, RUT Pause...AAPL, AMZN, FB, GOOGL, EA Rise After-hours on Positive EPS Reaction...

© 2020

NDX +52.52, +0.49% and SPX -12.22, -0.38%.  NDX is a channel bounce.  SPX gapped down and opened lower and closed higher than it opened.  SPX bounce gave a third chance trigger on a bull flag bounce.

QCOM +14.16, +15.22% and UPS +17.78, +14.38% rose on positive EPS reactions.   

AAPL, AMZN, FB, GOOGL and EA rose in after-hours trading on positive EPS reactions.

CAT, CVX, MRK, XOM and 19 other SP500 stocks report before the open on Friday.

Two of eleven sectors were higher on Thursday, led by XLK, XLC and XLP.

Technology leaders:  QCOM, QRVO, CTSH, LRCX

Communication Services leaders:  VIAC, EA, TTWO, GOOGL

Financials leaders:  TAP, EL, ADM, CL

SPY down 1.16 at 323.96 on 61.8 million shares, below average volume, down on higher volume.

VIX up .66 at 24.76

PG, AAPL, HD led the DJIA, 5 advancers, -14

APA, UPS, QRVO, HOLX led the SPX, 132 advancers

QCOM, CTSH, ORLY, LRCX led the NDX, 47 advancers

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

Up: QQQ,

Down: SPY, IWM, DIA,

Breadth weakened on Thursday as decliners led 1,953 to 1,021 on the NYSE and led 1,908 to 1,472 on the NASDAQ

The SPX MFC green line is turned up at 85.4 and is short-term bullish.  Price action is bull flag bounce.

Uptrend sectors:  XLP, XLB, XLY, XLV, XLK, XLC, XLI,

Neutral sectors:  XLU, XLRE, XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

47 of 100 NDX stock closed higher on Thursday.

67 NDX stocks are above their 30 DMA:  AMZN, CDNS, IDXX, NVDA, SWKS, AAPL, FAST, MELI, PYPL, SPLK, ALGN, TSLA, NTES, MXIM, LRCX, EA, TTWO, ATVI, ILMN, ANSS, AMGN, DOCU, DXCM, PEP, VRSK, XLNX, CHKP, COST, GOOGL, MNST, CHTR, BKNG, CMCSA, CTSH, KHC, PCAR, DLTR, AMD, CTAS, ISRG, LULU, ORLY, XEL, CERN, CPRT, CSX, EXC, TCOM, CSCO, MRNA, FISV, SIRI, VRSN, AMAT, BIIB, INTU, LBTYA, QCOM. REGN, SNPS, CDW, EXPE, JD, MU, ROST, SBUX, KLAC,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 1

KLAC,

Moving Below 30 DMA = 4

ADSK, NXPI, TXN, ULTA,

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SPX Bull Flag Bounce, NDX Channel Bounce, FOMC

© 2020

 

NDX +130.48, +1.24% and SPX +40.00, +1.24%.  NDX gave a channel bounce trigger.  SPX gapped up, opened higher and closed higher.  SPX bounce gave a second chance trigger on a bull flag bounce.  The bounce momentum accelerated after the FOMC announced no change in interest rates at 2 pm ET.

AMD +8.48, +12.54% rose on a positive EPS reaction.   

LRCX, QCOM, PYPL, NOW and URI reported after the close.

CARR, CMCSA, UPS, LLY and 36 other SP500 stocks report before the open on Thursday.

All eleven sectors were higher on Wednesday, led by XLE, XLRE and XLF.

Energy leaders:  HFC, OKE, VLO, DVN

Real Estate leaders:  HST, DRE, VTR, WY

Financials leaders:  CMA, LNC, AIG, CFG

SPY up 3.95 at 325.12 on 48.4 million shares, below average volume, up on lower volume.

VIX down 1.34 at 24.10

JPM, AXP, UNH led the DJIA, 19 advancers, +10

LH, CHRW, GPS, WU led the SPX, 422 advancers

AMD, DOCU, PYPL, MELI led the NDX, 81 advancers

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

Up: IWM, SPY, QQQ, DIA

Down:

Breadth strengthened on Wednesday as advancers led 2,410 to 592 on the NYSE and led 2,293 to 1,093 on the NASDAQ

The SPX MFC green line is pointed down at 84.9 and is counter-trend defensive.  Price action is bull flag bounce trigger.

Uptrend sectors:  XLP, XLB, XLY, XLV, XLK, XLC, XLI,

Neutral sectors:  XLU, XLRE, XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

81 of 100 NDX stock closed higher on Wednesday.

70 NDX stocks are above their 30 DMA:  AMZN, CDNS, IDXX, NVDA, SWKS, AAPL, FAST, MELI, PYPL, SPLK, ALGN, TSLA, NTES, MXIM, TXN, LRCX, EA, TTWO, ATVI, ILMN, ANSS, AMGN, DOCU, DXCM, PEP, VRSK, XLNX, CHKP, COST, GOOGL, MNST, CHTR, BKNG, CMCSA, CTSH, KHC, PCAR, DLTR, AMD, CTAS, ISRG, LULU, ORLY, XEL, CERN, CPRT, CSX, EXC, TCOM, CSCO, MRNA, FISV, SIRI, VRSN, AMAT, BIIB, INTU, LBTYA, QCOM. REGN, SNPS, ADSK, CDW, EXPE, JD, MU, NXPI, ROST, SBUX, ULTA,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 9

ADSK, CDW, EXPE, JD, MU, NXPI, ROST, SBUX, ULTA,

Moving Below 30 DMA = 4

ASML, EBAY, NFLX, SGEN,  

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Stocks Pause after Monday's Bounce...AMD, SBUX Rise After-hours on Positive EPS Reaction...

© 2020

 

NDX -141.87, -1.33% and SPX -20.97, -0.65%.  NDX is a channel bounce pause.  SPX opened lower and closed lower after a late selloff during the last hour of trading.  SPX paused and stayed above Monday’s low creating a second chance opportunity for a bull flag bounce. 

AMD +6.99, +10.34% jumped in after-hours on a positive EPS reaction.   

SBUX, EBAY, AKAM and V also reported after the close.

BA, GM and 17 other SP500 stocks report before the open on Wednesday.

Three of eleven sectors were higher on Tuesday, led by XLRE, XLU and XLP.

Real Estate leaders:  VTR, REG, PSA, EXR

Utilities leaders:  DUK, EIX, PPL, D

Consumer Staples leaders:  KMB, WBA, COTY, CPB

SPY down 2.05 at 321.17 on 57.4 million shares, below average volume, down on higher volume.

VIX up .70 at 25.44

PFE, WBA, PG led the DJIA, 9 advancers, -8

NCLH, CCL, WELL, VNO led the SPX, 163 advancers

MRNA, XEL, KHC, SPLK led the NDX, 19 advancers

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

Up:

Down: SPY, DIA, IWM, QQQ,

Breadth strengthened on Tuesday as decliners led 1,602 to 1,348 on the NYSE and led 2,255 to 1,084 on the NASDAQ

The SPX MFC green line is pointed down at 88.9 and is counter-trend defensive.  Price action is bull flag bounce trigger.

Uptrend sectors:  XLP, XLB, XLY, XLV, XLK, XLC, XLI,

Neutral sectors:  XLU, XLRE, XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

19 of 100 NDX stock closed higher on Tuesday.

65 NDX stocks are above their 30 DMA:  AMZN, CDNS, IDXX, NVDA, SWKS, AAPL, EBAY, FAST, MELI, PYPL, SPLK, ALGN, TSLA, NTES, MXIM, TXN, LRCX, EA, TTWO, ATVI, ILMN, ANSS, NFLX, AMGN, DOCU, DXCM, PEP, VRSK, XLNX, CHKP, COST, GOOGL, MNST, CHTR, BKNG, CMCSA, CTSH, KHC, PCAR, DLTR, AMD, CTAS, ISRG, LULU, ORLY, XEL, CERN, CPRT, CSX, EXC, TCOM, CSCO, MRNA, FISV, SIRI, VRSN, AMAT, ASML, BIIB, INTU, LBTYA, QCOM. REGN, SGEN, SNPS,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 14

ADBE, ADSK, AVGO, BMRN, CDW, EXPE, JD, KLAC, MSFT, MU, NTAP, NXPI, SBUX, WDC,

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SPX Bull Flag Bounce, AAPL Leads Big Tech and MRNA Leads NDX Higher...

© 2020

 

NDX +191.24, +1.82% and SPX +23.78, +0.74%.  NDX moved above the HOLD and is a channel bounce trigger.  SPX opened higher and closed higher.  SPX moved above the HOLD and is a bull flag trigger. 

MRNA +6.70, +9.15% led the NDX after reporting they had received another $472M in government funding and that Phase 3 trials of their covid-19 vaccine started on Monday.    

HAS, and AVY reported EPS Monday morning before the open.  FFIV, CINF ARE, PFG, UHS OTIS and NOV reported after the close.


PFE, MCD, RTX, MMM, SPGI, MO, SHW, CNC, CMI, ROK, GLW, LH, IVZ, HOG and JBLU report before the open on Tuesday.

Nine of eleven sectors were higher on Monday, led by XLK, XLB and XLRE.

Technology leaders:  GLW, IPGP, QCOM, XLNX

Materials leaders:  AA, FCX, NEM, FCX

Real Estate leaders:  WY, DLR, SPG, EQIX

SPY up 2.34 at 323.22 on 48.2 million shares, below average volume, up on lower volume.

VIX down 1.10 at 24.74

DOW, MRK, AAPL led the DJIA, 17 advancers, +9

WY, BIIB, WHR, KLAC led the SPX, 299 advancers

MRNA, TSLA, MELI, ALXN led the NDX, 86 advancers

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

Up: QQQ, IWM, SPY, DIA,

Down:

Breadth strengthened on Monday as advancers led 1,796 to 1,210 on the NYSE and led 2,024 to 1,358 on the NASDAQ

The SPX MFC green line is pointed down at 88.9 and is counter-trend defensive.  Price action is bull flag bounce trigger.

Uptrend sectors:  XLP, XLB, XLY, XLV, XLK, XLC, XLI,

Neutral sectors:  XLU, XLRE, XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

86 of 100 NDX stock closed higher on Monday.

79 NDX stocks are above their 30 DMA:  AMZN, CDNS, IDXX, NVDA, SWKS, AAPL, EBAY, FAST, MELI, PYPL, SPLK, ALGN, TSLA, BMRN, NTES, MXIM, TXN, LRCX, EA, TTWO, ATVI, ILMN, ANSS, NFLX, AMGN, DOCU, DXCM, PEP, VRSK, XLNX, CHKP, COST, GOOGL, MNST, CHTR, BKNG, CMCSA, CTSH, KHC, PCAR, DLTR, AMD, CTAS, ISRG, LULU, ORLY, XEL, CERN, CPRT, CSX, EXC, TCOM, CSCO, MRNA, FISV, SBUX, SIRI, VRSN, ADBE, ADSK, AMAT, ASML, AVGO, BIIB, CDW, EXPE, INTU, JD, KLAC, LBTYA, MSFT, MU, NTAP, NXPI, QCOM. REGN, SGEN, SNPS, WDC,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 21

ADBE, ADSK, AMAT, ASML, AVGO, BIIB, CDW, EXPE, INTU, JD, KLAC, LBTYA, MSFT, MU, NTAP, NXPI, QCOM. RGEN, SGEN, SNPS, WDC,

Moving Below 30 DMA = 1

FOXA,

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SPX Moves Lower, Forms Doji in 2-day Bull Flag BO Test Pullback...

© 2020

NDX -97.46, -0.92% and SPX -20.03, -0.62%.  NDX fell to a similar low and is a channel bounce setup.  SPX opened lower and closed higher than its open.  SPX is a 2-day bull flag setup. 

INTC -9.81, -16.24% beat expectations but said it was delaying next gen chip due to a defect.  AMD +9.83, +16.50% rose as their next gen is already on the market.  One company's misfortune is another company's fortune.  

AXP, VZ, SLB, HON, and NEE reported EPS Friday morning before the open.  SLB and VZ rose, while AXP, HON and NEE fell.

Three of eleven sectors were higher on Friday, led by XLY, XLP and XLC.

Consumer Discretionary leaders:  DRI, PHM, NVR, MHK

Consumer Staples leaders:  PM, MO, STZ, KO

Communication Services leaders:  GCI, TTWO, CMCSA, VZ

SPY down 2.08 at 320.88 on 73.7 million shares, below average volume, down on lower volume.

VIX down .24 at 25.84

VZ, CAT, MCD led the DJIA, 8 advancers, +1

GCI, FE, DRI, PHM led the SPX, 112 advancers

AMD, TTWO, CMCSA, FOXA led the NDX, 22 advancers

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

Up:

Down: SPY, DIA, QQQ, IWM,

Breadth weakened on Friday as decliners led 1,927 to 1,019 on the NYSE and led 2,464 to 899 on the NASDAQ

The SPX MFC green line is pointed down at 90.9 and is counter-trend defensive.  Price action is 2-day bull flag setup.

Uptrend sectors:  XLP, XLB, XLY, XLV, XLK, XLC, XLI,

Neutral sectors:  XLU, XLRE, XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

22 of 100 NDX stock closed higher on Friday.

59 NDX stocks are above their 30 DMA:  AMZN, CDNS, IDXX, NVDA, SWKS, AAPL, EBAY, FAST, MELI, PYPL, SPLK, ALGN, TSLA, BMRN, NTES, MXIM, TXN, LRCX, EA, TTWO, ATVI, ILMN, ANSS, NFLX, AMGN, DOCU, DXCM, PEP, VRSK, XLNX, CHKP, COST, GOOGL, MNST, CHTR, BKNG, CMCSA, CTSH, KHC, PCAR, DLTR, AMD, CTAS, ISRG, LULU, ORLY, XEL, CERN, CPRT, CSX, EXC, TCOM, CSCO, MRNA, FISV, SBUX, SIRI, FOXA, VRSN,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

FOXA, VRSN,

Moving Below 30 DMA = 16

ADSK, AMAT, ASML, BIIB, CDW, EXPE, INTC, KLAC, LBTYA, MU, NTAP, NXPI, RGEN, SGEN, SNPS, WDC,

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