AAPL, TSLA Split and Close at All-time Highs, NDX another New Closing High as SPX, DJIA & RUT Pullback...

© 2020

NDX +114.84, +0.96%, closed at a new all-time high on strength in TSLA, AAPL, NVDA, AMZN, NFLX and INTC.  AAPL and TSLA split before the open and rallied to new all-time closing highs.

SPX -7.70, -0.22%, closes at 3,500 after a breakout continuation to a new intra-day all-time high before pulling back a forming a red spinning top.

CRM, AMGN and HON replaced XOM, PFE and RTX in the DJIA this morning before the open.

Three of eleven sectors were higher on Monday, led by XLK, XLU and XLV.

Technology leaders:  AMD, JNPR, NTAP, AAPL

Utilities leaders: XEL, ES, SRE, FE

Healthcare leaders:  ALXN, WST, VRTX, REGN

SPY down -1.27 at 349.31 on 66.0 million shares, above average volume, down on higher volume.

VIX up +3.45 at 26.41

AAPL, INTC, CRM led the DJIA, 7 advancers, -14

FOSL, JNPR, WST, NTAP led the SPX, 141 advancers

TSLA, ZM, ALXN, AMD led the NDX, 46 advancers

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

Up: QQQ,

Down: SPY, DIA, IWM,

Breadth weakened on Monday as decliners led 2,107 to 899 on the NYSE and led 2,164 to 1,264 on the NASDAQ

The SPY MFC green line is pointed down at 97.3 and is short-term bullish while watch for a potential pullback below the low of the high day.  Price action is a new high pullback.

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

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

46 of 100 NDX stocks closed higher on Monday.

74 NDX stocks are above their 30 DMA:  AMZN, CDNS, IDXX, NVDA, AAPL, FAST, MELI, PYPL, TTWO,  VRSK, CHKP, COST, MNST, CHTR, CMCSA, CTSH, AMD, CTAS, ISRG, LULU, ORLY, CPRT, CSX, TCOM, QCOM. SBUX, KLAC, AVGO, FB, MSFT, NXPI, TMUS, TXN, BKNG, ULTA, MAR, PAYX, EXPE, ADBE, ANSS, INTU, MSFT, PEP, TSLA, FOXA, ADSK, ATVI, GOOGL, NTES, SNPS, WDAY, ZM, MCHP, ADI, ASML, BIDU, KHC, ROST, AMGN, LBTYA, SPLK, ALXN, DOCU, NFLX, PDD, VRSN, CERN, CTXS, INTC, KHC, SWKS, BIIB, VRTX, XEL,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

BIIB, VRTX, XEL,  

Moving Below 30 DMA = 7

ADP, CDW, EA, FISV, MXIM, SIRI, XLNX,

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NDX, SPX Close Week Another New High...

© 2020

NDX +69.69, +0.58%, rallied on strength in MSFT, GOOGL, NVDA, ADBE, PYPL and AMZN.  AAPL and TSLA paused on Friday before stock splits on Monday.

SPX +23.46, +0.67%, closes at 3,508 on a breakout continuation to a new all-time closing high.

CRM, AMGN and HON will replace XOM, PFE and RTX in the DJIA before the open next Monday August 31.

All eleven sectors were higher on Friday, led by XLE, XLB and XLI.

Energy leaders:  MPC, SLB, OKE, HFC

Basic Materials leaders: FCX, NEM, MOS, AA

Industrials leaders:  ALK, DAL, SWK, UAL

SPY up +2.25 at 350.58 on 48.5 million shares, below average volume, up on lower volume.

VIX down -1.51 at 22.96

KO, WMT, XOM led the DJIA, 21 advancers, +1

GCI, FOSL, CCL, NCLH led the SPX, 377 advancers

WDAY, WDC, ULTA, TCOM led the NDX, 77 advancers

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

Up: IWM, SPY, DIA, QQQ,

Down:

Breadth strengthened on Friday as advancers led 2,078 to 918 on the NYSE and led 2,254 to 1,123 on the NASDAQ

The SPY MFC green line is flat at 98.5 and is short-term bullish.  Price action is a BO continuation and a new all-time closing high.

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

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

77 of 100 NDX stocks closed higher on Friday.

78 NDX stocks are above their 30 DMA:  AMZN, CDNS, IDXX, NVDA, AAPL, FAST, MELI, PYPL, TTWO,  VRSK, CHKP, COST, MNST, CHTR, CMCSA, CTSH, AMD, CTAS, ISRG, LULU, ORLY, CPRT, CSX, TCOM, QCOM. SBUX, KLAC, AVGO, FB, MSFT, NXPI, TMUS, TXN, BKNG, ULTA, MAR, PAYX, EXPE, ADBE, ANSS, EA, INTU, MSFT, PEP, TSLA, FOXA, ADSK, ATVI, GOOGL, NTES, SNPS, WDAY, ZM, MCHP, ADI, ASML, BIDU, KHC, MXIM, ROST, AMGN, LBTYA, SPLK, ALXN, DOCU, NFLX, PDD, VRSN, ADP, CDW, CERN, CTXS, FISV, INTC, KHC, SIRI, SWKS, XLNX,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 7

CTXS, FISV, INTC, KHC, SIRI, SWKS, XLNX,

Moving Below 30 DMA = 2

ALGN, PCAR,

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SPX, MSFT, TSLA All-time Closing Highs as NDX Pauses after Five Consecutive Record Closing Highs...

© 2020

NDX -45.78, -0.38%, pulls back on weakness in AAPL, AMZN, GOOGL, FB, NVDA and ADBE, after five consecutive all-time closing highs.  MSFT and TSLA did make new closing highs.

SPX +5.82, +0.17%, closes at 3,484 on a breakout continuation to a new all-time closing high.

CRM, AMGN and HON will replace XOM, PFE and RTX in the DJIA before the open next Monday August 31.

Eight of eleven sectors were higher on Thursday, led by XLF, XLRE and XLV.

Financials leaders:  COF, SYF, DFS, TFC

Real Estate leaders: WELL, UDR, VNO, EQR

Healthcare leaders:  ABT, SYK, BSX, UHS

SPY up +0.76 at 348.33 on 57.9 million shares, above average volume, up on higher volume.

VIX up +1.20 at 24.47

WMT, JPM TRV led the DJIA, 20 advancers, +3

LYV, ABT, RCL, NCLH led the SPX, 317 advancers

MAR, TSLA, CDW EXPE led the NDX, 44 advancers

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

Up: DIA, IWM, SPY,

Down: QQQ,

Breadth strengthened on Thursday as advancers led 1,662 to 1,305 on the NYSE and decliners led 1,816 to 1,594 on the NASDAQ

The SPY MFC green line is flat at 98.5 and is short-term bullish.  Price action is a BO continuation and a new all-time closing high.

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

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

44 of 100 NDX stocks closed higher on Thursday.

73 NDX stocks are above their 30 DMA:  AMZN, CDNS, IDXX, NVDA, AAPL, FAST, MELI, PYPL, TTWO,  VRSK, CHKP, COST, MNST, CHTR, CMCSA, CTSH, PCAR, AMD, CTAS, ISRG, LULU, ORLY, CPRT, CSX, TCOM, QCOM. SBUX, KLAC, AVGO, FB, MSFT, NXPI, TMUS, TXN, BKNG, ULTA, MAR, PAYX, EXPE, ADBE, ANSS, EA, INTU, MSFT, PEP, TSLA, FOXA, ADSK, ATVI, GOOGL, NTES, SNPS, WDAY, ZM, MCHP, ADI, ASML, BIDU, KHC, MXIM, ROST, AMGN, LBTYA, SPLK, ALXN, DOCU, NFLX, PDD, VRSN, ADP, ALGN, CDW, CERN,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 4

ADP, ALGN, CDW, CERN,

Moving Below 30 DMA = 5

CTXS, DLTR, EBAY, SWKS, XLNX,

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NDX, SPX, FB, TSLA, AMZN GOOGL, MSFT, ADBE Make New All-time Closing Highs...Powell Speaks Thursday AM at Jackson Hole Virtual Economic Conference...

© 2020

NDX +250.13, +2.13%, closes at a new all-time closing high as FB, TSLA, AMZN, GOOGL, MSFT and ADBE close at all-time highs.

SPX +35.11, +1.02%, closes at 3,478 on a breakout continuation to a new all-time closing high.

CRM, AMGN and HON will replace XOM, PFE and RTX in the DJIA before the open next Monday August 31.

Six of eleven sectors were higher on Wednesday, led by XLC, XLK and XLB.

Communication Services leaders:  NFLX, FB, GOOGL, TTWO

Technology leaders: CRM, ADBE, NOW, HPE

Basic Materials leaders:  FCX, CTVA, BLL, DOW

SPY up +3.45 at 347.57 on 50.7 million shares, average volume, up on higher volume.

VIX up +1.24 at 23.27

MSFT, HD, DIS led the DJIA, 17 advancers, +8

GPS, SJM, AMD, CRM led the SPX, 218 advancers

NFLX, WDAY, ADBE, FB led the NDX, 67 advancers

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

Up: QQQ, SPY, DIA,

Down: IWM,

Breadth weakened on Wednesday as decliners led 1,658 to 1,084 on the NYSE and led 1,591 to 1,315 on the NASDAQ

The SPY MFC green line is pointed up at 98.5, and is short-term bullish.  Price action is a BO continuation and a new all-time closing high.

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

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

67 of 100 NDX stocks closed higher on Wednesday.

74 NDX stocks are above their 30 DMA:  AMZN, CDNS, IDXX, NVDA, SWKS, AAPL, FAST, MELI, PYPL, TTWO,  VRSK, CHKP, COST, MNST, CHTR, CMCSA, CTSH, PCAR, AMD, CTAS, ISRG, LULU, ORLY, CPRT, CSX, TCOM, QCOM. SBUX, KLAC, AVGO, FB, MSFT, NXPI, TMUS, DLTR, TXN, BKNG, ULTA, MAR, PAYX, EXPE, ADBE, ANSS, EA, INTU, MSFT, PEP, TSLA, FOXA, ADSK, ATVI, EBAY, GOOGL, NTES, SNPS, WDAY, ZM, MCHP, ADI, ASML, BIDU, KHC, MXIM, ROST, AMGN, LBTYA, SPLK, ALXN, CTXS, DOCU, NFLX, PDD, VRSN, XLNX,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 7

ALXN, CTXS, DOCU, NFLX, PDD, VRSN, XLNX,

Moving Below 30 DMA = 4

ADP, AMAT, CERN, DXCM,

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NDX, SPX Another New All-time High...

© 2020

NDX +95.64, +0.82%, closes at a new all-time closing high as FB, GOOGL, AMZN, MSFT, ADBE, NVDA and PYPL close higher.

SPX +12.34, +0.36%, closes at 3,443 on a breakout continuation to a new all-time closing high.

CRM, AMGN and HON will replace XOM, PFE and RTX in the DJIA before the open next Monday August 31.

Six of eleven sectors were higher on Tuesday, led by XLC, XLV and XLK.

Communication Services leaders:  FB, GOOGL, NWSA, ATVI,

Healthcare leaders: AMGN, REGN, MDT, MTD

Technology leaders:  AMD, CRM, MU, MXIM

SPY up +1.20 at 344.12 on 38.4 million shares, below average volume, up on lower volume.

VIX down -0.34 at 22.03

MSFT, UNH, V led the DJIA, 9 advancers, -15

GPS, SJM, AMD, CRM led the SPX, 240 advancers

AMGN, SBUX, PDD, NTES led the NDX, 77 advancers

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

Up: QQQ, SPY, IWM,

Down: DIA,

Breadth was mixed on Tuesday as decliners led 1,519 to 1,461 on the NYSE and advancers led 2,005 to 1,347 on the NASDAQ

The SPY MFC green line turned up at 96.8, is short-term bullish.  Price action is a BO continuation and a new all-time closing high.

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

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

77 of 100 NDX stocks closed higher on Tuesday.

71 NDX stocks are above their 30 DMA:  AMZN, CDNS, IDXX, NVDA, SWKS, AAPL, FAST, MELI, PYPL, TTWO,  VRSK, CHKP, COST, MNST, CHTR, CMCSA, CTSH, PCAR, AMD, CTAS, ISRG, LULU, ORLY, CPRT, CSX, TCOM, QCOM. SBUX, KLAC, AVGO, FB, MSFT, NXPI, TMUS, DLTR, TXN, BKNG, ULTA, MAR, PAYX, CERN, EXPE, ADBE, ANSS, EA, INTU, MSFT, PEP, TSLA, FOXA, ADSK, ATVI, EBAY, GOOGL, NTES, SNPS, WDAY, ZM, MCHP, ADI, ASML, BIDU, KHC, MXIM, ROST, ADP, AMAT, AMGN, DXCM, LBTYA, SPLK,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 6

ADP, AMAT, AMGN, DXCM, LBTYA, SPLK,

Moving Below 30 DMA = 2

VRSN, XEL,

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SPX, NDX New All-time Closing High on Monday...AAPL Hits New High...CRM, AMGN, HON to be added to DJIA August 31...

© 2020

NDX +71.01, +0.61%, closes at a new all-time closing high as AAPL, AMZN, MSFT, FB, NVDA and PYPL close higher.

SPX +34.12, +1.00%, closes at 3,431 on a breakout continuation to a new all-time closing high.

After the close it was announced that CRM, AMGN and HON will replace XOM, PFE and RTX in the DJIA before the open next Monday August 31.

Ten of eleven sectors were higher on Monday, led by XLE, XLF and XLI.

Energy leaders:  SWN, FTI, SLB, HFC

Financials leaders:  UNM, DFS, SYF, COF

Industrials leaders:  AAL, UAL, DAL, BA

SPY up +3.44 at 342.92 on 48.5 million shares, below average volume, up on lower volume.

VIX down -0.17 at 22.37

BA, DOW, AXP led the DJIA, 24 advancers, +8

AAL, CCL UAL WRK led the SPX, 408 advancers

EXPE, ULTA, FOXA, INTU led the NDX, 68 advancers

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

Up: DIA, IWM, SPY, QQQ,

Down:

Breadth strengthened on Monday as advancers led 2,167 to 842 on the NYSE and led 1,892 to 1,539 on the NASDAQ

The SPY MFC green line turned up at 96.8, is short-term bullish.  Price action is a BO continuation and a new all-time closing high.

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

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

68 of 100 NDX stocks closed higher on Monday.

67 NDX stocks are above their 30 DMA:  AMZN, CDNS, IDXX, NVDA, SWKS, AAPL, FAST, MELI, PYPL, TTWO,  VRSK, CHKP, COST, MNST, CHTR, CMCSA, CTSH, PCAR, AMD, CTAS, ISRG, LULU, ORLY, XEL, CPRT, CSX, TCOM, QCOM. SBUX, KLAC, AVGO, FB, MSFT, NXPI, TMUS, DLTR, TXN, BKNG, ULTA, MAR, PAYX, CERN, EXPE, ADBE, ANSS, EA, INTU, MSFT, PEP, TSLA, FOXA, ADSK, ATVI, EBAY, GOOGL, NTES, SNPS, WDAY, ZM, MCHP, VRSN, ADI, ASML, BIDU, KHC, MXIM, ROST,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 6

ADI, ASML, BIDU, KHC, MXIM, ROST,

Moving Below 30 DMA = 2

DOCU, SPLK,

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