Tuesday, September 1, 2020

Another All-time Closing High in the NDX, SPX...RUT, DJIA Close Higher...


© 2020


NDX +182.17, +1.50%, closed at a new all-time high on strength in AAPL, NVDA, NFLX, AMZN, GOOGL, ADBE, PYPL and MSFTAAPL, NVDA, AMZN, GOOGL, PYPL, ZM and DOCU also rose to new all-time closing highs.


SPX +26.34, +0.75%, closes at 3,526 a new all-time closing high.

Seven of eleven sectors were higher on Tuesday, led by XLB, XLK, XLY and XLI.

Basic Materials leaders:  ALB, WRK, DOW, LYB
Technology leaders: AAPL, AVGO, NVDA, NOW
Consumer Discretionary leaders: LB, CMG, UAA, LEN
Industrials leaders:  DE, WAB, URI, IR


SPY up +2.47 at 352.60 on 54.9 million shares, above average volume, up on lower volume.
VIX down -.29 at 26.12

WMT, DOW, AAPL led the DJIA, 17 advancers, +10
LB, ALB, WRK, EMN led the SPX, 295 advancers
ZM, DOCU, NFLX, JD led the NDX, 66 advancers

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

Up: QQQ, IWM, SPY, DIA,
Down:

Breadth strengthened on Tuesday as advancers led 1,877 to 1,121 on the NYSE and led 1,862 to 1,556 on the NASDAQ

The SPY MFC green line is flat at 97.3 and is short-term bullish, stay alert for a potential pullback below the low of the high day.  Price action is a new high breakout continuation.


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

66 of 100 NDX stocks closed higher on Tuesday.

75 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, SWKS, VRTX, ALGN, MXIM, PCAR, XLNX,

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 4
ALGN, MXIM, PCAR, XLNX,

Moving Below 30 DMA = 3

BIIB, KHC, XEL,


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2 comments:

Ben W. said...

Thank you, Dave!

Jim.QQQ said...

Dave, I greatly appreciate your time commitment to keep this going. Always part of my routine to check for these details. Thanks! Jim