SPX, NDX, DJI Rally, Pullback and Still Close Higher...

 
© 2020
 

NDX +95.11, +0.84%, opened slightly higher, moved higher until midday, pulled back after news that negotiations on a new coronavirus aid deal were still far apart but closed higher.   The pause was led by strength in AAPL, MSFT and TSLA. 

SPX +27.53, +0.83%, closes at 3,363. SPX opened slightly lower, traded higher until a midday day pullback and closed higher.

 
MU -3.75, -7.39% fell after a negative EPS reaction.
 
Nine of eleven sectors were higher on Wednesday, led by XLV, XLF and XLP.
 
Healthcare leaders: CNC, UHS, HCA, ABT
Financial leaders: DFS, TFC, PNC, AXP
Consumer Staples leaders: GIS, SJM, MKC, WMT
 
SPY up +2.52 at 334.89 on 104.0 million shares, above average volume, up on higher volume.
VIX up +0.10 at 26.37
 
AXP, UNH, AMGN, GS led the DJIA, 28 advancers, +24
DUK, LB, CNC, UHS led the SPX, 369 advancers
BIDU, JD, INCY, ROST led the NDX, 77 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: DIA, SPY, QQQ, IWM,
Down:   
 
Breadth strengthened on Wednesday as advancers led 1,618 to 1,425 on the NYSE and led 1,749 to 1,723 on the NASDAQ

The SPY MFC green line is pointed up at 28 and is bullish.  Price action is a bounce continuation above Monday’s high.
 
Uptrend sectors:  XLB, XLI, XLY, XLP, XLV, XLK, XLC,
Neutral sectors:  XLRE, XLF, XLU,
Down trend sectors: XLE,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
 
77 of 100 NDX stocks closed higher on Wednesday.
 
58 NDX stocks are above their 30 DMA:   CMCSA, CSX, AVGO, ZM, ALXN, SGEN, WDAY, ALGN, CDW, CHTR, CPRT, CTAS, CTSH, FISV, IDXX, INTC, MRNA, NVDA, PAYX, QCOM, SBUX, SNPS, TCOM, ADBE, ADI, ADP, AMGN, BIIB, COST, FOXA, LRCX, MXIM, PEP, SWKS, TSLA, TXN, VRSK, XLNX, ANSS, BIDU, BMRN, CDNS, CERN, DOCU, DXCM, INTU, ISRG, JD, MDLZ, NFLX, NXPI, ROST, TMUS, XEL,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 16
ANSS, BIDU, BMRN, CDNS, CERN, DOCU, DXCM, INTU, ISRG, JD, MDLZ, NFLX, NXPI, ROST, TMUS, XEL,
 
 
Moving Below 30 DMA = 4
ASML, MU, PCAR, WDC,
 
 
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SPX, NDX Pause after 3-day Rally...

 
© 2020
 

NDX -41.50, -0.37%, opened slightly lower and traded in a tight range most of the day and closed lower.   The pause was led by weakness in AAPL, AMZN, MSFT, PYPL and TSLA. 

SPX -16.13, -0.54%, closes at 3,335. SPX opened flat and traded in a range forming a spinning top and closed lower.

MU had a negative EPS reaction after the close.

 
One of eleven sectors was higher on Tuesday, led by XLC, XLU and XLV.
 
Communication Services leaders: FB, TWTR, NFLX, GOOGL
Utilities leaders: ED, D, PEG, AEE
Healthcare leaders: TMO, LH, CTLT, PKI
 
SPY down -1.82 at 332.37, on 51.5 million shares, below average volume, down on lower volume.
VIX up +0.08 at 26.27
 
NKE, AMGN, CRM led the DJIA, 4 advancers, -23
PAYC, HAS, ANET OKE led the SPX, 128 advancers
AMD, MU, FB, WDC led the NDX, 31 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: QQQ, IWM, DIA, SPY,
 
Breadth weakened on Tuesday as decliners led 1,901 to 1,115 on the NYSE and led 1,845 to 1,657 on the NASDAQ



The SPY MFC green line is pointed up at 20.8 and is bullish.  Price action is a bounce continuation above Friday’s high.
 
Uptrend sectors:  XLB, XLI, XLY, XLP, XLV, XLK, XLC,
Neutral sectors:  XLRE, XLF, XLU,
Down trend sectors: XLE,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
 
31 of 100 NDX stocks closed higher on Tuesday.
 
46 NDX stocks are above their 30 DMA:   CMCSA, CSX, AVGO, ZM, ALXN, MU, SGEN, WDAY, WDC, ALGN, CDW, CHTR, CPRT, CTAS, CTSH, FISV, IDXX, INTC, MRNA, NVDA, PAYX, QCOM, SBUX, SNPS, TCOM, ADBE, ADI, ADP, AMGN, ASML, BIIB, COST, FOXA, LRCX, MXIM, PCAR, PEP, SWKS, TSLA, TXN, VRSK, XLNX,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 4
AMD, KLAC, PYPL, VRTX,
 
 
Moving Below 30 DMA = 10
ATVI, BIDU, CERN, DOCU, EBAY, INTU, ROST, TMUS, TTWO, XEL,
 
 
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Support Bounce Continuation as Broad Rally Lifts RUT, NDX, SPX, DJI on Monday...

© 2020
 

NDX +213.32, +1.91%, opened higher and closed higher for the third straight day.   The rally was led by strength in AAPL, AMZN, TSLA, MSFT, GOOGL, PYPL, NVDA and ADBE. 
 
SPX +53.14, +1.61%, closes at 3,351. SPX gapped up above last week’s high, traded and closed above that high on Monday.
 
All eleven sectors were higher on Monday, led by XLF, XLE and XLY.
 
Financial leaders: IVZ, LNC, RF, DFS
Energy leaders: DVN, FANG, FTI, MPC
Consumer Discretionary leaders: GPS, ROST, ETSY, TJX 
 

SPY up +5.46 at 334.19, on 64.5 million shares, below average volume, up on lower volume.
VIX down -0.19 at 26.19
 

BA, DOW, INTC led the DJIA, 27 advancers, +2
DVN, GCI, IVZ, AA led the SPX, 465 advancers
TCOM, ROST, INCY, SWKS led the NDX, 93 advancers

 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, QQQ, SPY, DIA,
Down:
 
Breadth strengthened on Monday as advancers led 2,587 to 475 on the NYSE and led 2,693 to 814 on the NASDAQ

The SPY MFC green line is pointed up at 19 and is bullish.  Price action is a bounce continuation above Friday’s high.
 
 
Uptrend sectors:  XLB, XLI, XLY, XLP, XLV, XLK, XLC,
Neutral sectors:  XLRE, XLF, XLU,
Down trend sectors: XLE,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
 
93 of 100 NDX stocks closed higher on Monday.
 
52 NDX stocks are above their 30 DMA:   CMCSA, CSX, AVGO, ZM, ALXN, MU, SGEN, WDAY, WDC, BIDU, ALGN, CDW, CHTR, CPRT, CTAS, CTSH, FISV, IDXX, INTC, MRNA, NVDA, PAYX, QCOM, SBUX, SNPS, TCOM, ADBE, ADI, ADP, AMGN, ASML, ATVI, BIIB, CERN, COST, DOCU, EBAY, FOXA, INTU, LRCX, MXIM, PCAR, PEP, ROST, SWKS, TMUS, TSLA, TTWO, TXN, VRSK, XEL, XLNX,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 26
ADBE, ADI, ADP, AMGN, ASML, ATVI, BIIB, CERN, COST, DOCU, EBAY, FOXA, INTU, LRCX, MXIM, PCAR, PEP, ROST, SWKS, TMUS, TSLA, TTWO, TXN, VRSK, XEL, XLNX,
 

Moving Below 30 DMA = 0
 
 
 
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SPX, NDX Rally to Close Above the High of the Low Day in MACD Divergence Setup...

 
© 2020
 
NDX +254.66, +2.34%, opened higher and rallied to close above Thursday’s high.   The rally was led by strength in AAPL, MSFT, AMZN, TSLA, GOOGL, FB, NVDA and ADBE. 

SPX +51.87, +1.60%, closes at 3,298. SPX opened lower on Friday and bounced to close above the high of the low day which was Thursday.

 
Ten of eleven sectors were higher on Friday, led by XLK, XLRE and XLU.
 
Technology leaders: LDOS, NOW, NVDA, FISV
Real Estate leaders: HST, SLG, KIM, PEAK
Utilities leaders: ES, CMS, LNT, CCI
 
SPY up +5.23 at 328.73, on 71.0 million shares, average volume, up on lower volume.
VIX down -2.13 at 26.38
 
BA, AAPL, UNH led the DJIA, 25 advancers, +8
NCLH, CCL, WRK, RCL led the SPX, 429 advancers
TCOM, ZM, MRNA, DXCM led the NDX, 95 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, IWM, SPY, DIA,
Down:
 
Breadth strengthened on Friday as advancers led 2,167 to 851 on the NYSE and led 2,547 to 921 on the NASDAQ

The SPY MFC green line is turned up at 14.4 and is bullish.  Price action is a bounce above Thursday’s bullish candle or close above the high of the low day.
 
Uptrend sectors:  XLB, XLI, XLY, XLP, XLV, XLK, XLC,
Neutral sectors:  XLRE, XLF, XLU,
Down trend sectors: XLE,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
 
95 of 100 NDX stocks closed higher on Friday.
 
26 NDX stocks are above their 30 DMA:   CMCSA, CSX, AVGO, ZM, ALXN, MU, SGEN, WDAY, WDC, BIDU, ALGN, CDW, CHTR, CPRT, CTAS, CTSH, FISV, IDXX, INTC, MRNA, NVDA, PAYX, QCOM, SBUX, SNPS, TCOM,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 16
ALGN, CDW, CHTR, CPRT, CTAS, CTSH, FISV, IDXX, INTC, MRNA, NVDA, PAYX, QCOM, SBUX, SNPS, TCOM,
 
Moving Below 30 DMA = 1
COST,  
 
 
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NDX, SPX Support Holds as Both Indices Open Lower and Close Higher...

© 2020
 
 
NDX +63.14, +0.58%, opened lower and rallied to close higher.   The rally was led by strength in AAPL, MSFT, AMZN, TSLA, GOOGL and NVDA. 
 
SPX +9.67, +0.30%, closes at 3,246. SPX opened just below Monday’s low and bounced to close just above support.
 
Eight of eleven sectors were higher on Thursday, led by XLU, XLP and XLB.
 
Utilities leaders:  EIX, PEG, PNW, ES
Consumer Staples leaders: CPB, K, HSY, SJM
Basic Materials leaders: FCX, ALB, MOS, NEM
 
SPY up +0.86 at 323.50, on 76.6 million shares, above average volume, up on lower volume.
VIX down -.07 at 28.51
 
GS, MSFT, AAPL led the DJIA, 17 advancers, +15
DRI, FCX, IVZ, CPB led the SPX, 300 advancers
ILMN, LRCX, CDNS, EBAY led the NDX, 64 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, DIA, IWM
Down:
 
Breadth strengthened on Thursday as decliners led 1,532 to 1,499 on the NYSE and led 2,042 to 1,404 on the NASDAQ

The SPY MFC green line is pointed down at 11.5 and is bearish.  Price action pulled below the low of Monday’s white hammer and bounced to close higher for the day.
 
Uptrend sectors:  XLB, XLI, XLY, XLP, XLV, XLK, XLC,
Neutral sectors:  XLRE, XLF, XLU,
Down trend sectors: XLE,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
 
64 of 100 NDX stocks closed higher on Thursday.
 
11 NDX stocks are above their 30 DMA:   CMCSA, CSX, AVGO, ZM, ALXN, MU, SGEN, COST, WDAY, WDC, BIDU,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 1
BIDU,
 
Moving Below 30 DMA = 3
CHTR, FISV, MRNA,  
 
 
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SPX Bounce Continuation Falls Back to Monday's Low...

 © 2020
 
 
NDX -353.04, -3.16%, opened higher, traded in a range until midday before selling off just above Monday’s low in the afternoon.   The pullback was led by weakness in AAPL, AMZN, MSFT, TSLA, FB, GOOGL, NVDA and ADBE. 
 
SPX -78.65, -2.37%, closes at 3,236. SPX pulled back to Monday’s support low.
 
All eleven sectors were lower on Wednesday, led by XLV, XLP and XLU.
 
Healthcare leaders:  ILMN, CNC, BDX, BMY
Consumer Staples leaders: COST, CHD
 
 
SPY down -7.66 at 322.64, on 93.0 million shares, above average volume, down on higher volume.
VIX up +1.72 at 28.58
 
NKE, JNJ led the DJIA, 2 advancers, -18
TWTR, UAA, PWR, HBI led the SPX, 27 advancers
WDC, ILMN, ZM LULU led the NDX, 6 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: DIA, SPY, QQQ, IWM,
 
Breadth weakened on Wednesday as decliners led 2,758 to 312 on the NYSE and led 2,994 to 503 on the NASDAQ

The SPY MFC green line is pointed down at 13.3 and is bearish.  Price action pulled back to the low of Monday’s white hammer.
 
Uptrend sectors:  XLB, XLI, XLY, XLP, XLV, XLK, XLC,
Neutral sectors:  XLRE, XLF, XLU,
Down trend sectors: XLE,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
 
6 of 100 NDX stocks closed higher on Wednesday.
 
13 NDX stocks are above their 30 DMA:   CMCSA, CSX, AVGO, ZM, ALXN, CHTR, MU, SGEN,  FISV, MRNA, COST, WDAY, WDC,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
WDC,
 
Moving Below 30 DMA = 15
ADBE, ALGN, AMGN, ATVI, BIDU, CPRT, CTSH, DOCU, INTC, JD, NTES, NVDA, PAYX, SBUX, TSLA,
 
 
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