Tuesday, August 25, 2020

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 TrendUp

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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2 comments:

Ben W. said...

Thank you, Dave!

Dave Johnson said...

Ben...You're welcome...Dave