AAPL, AMZN, FB Lead NDX, SPX Lower on Friday after Negative EPS Reactions...

© 2020
 

After the close Thursday AMZN, FB, GOOGL, AAPL and TWTR, reported earnings.   AAPL, AMZN, FB and TWTR gapped down Friday morning and closed lower than they opened.  The broad market dropped further on Friday led by the selling pressure from these stocks.

NDX -297.80, -2.62%, opened and closed lower.  The move was led by weakness from the negative earnings reaction on AMZN, AAPL and FB.  NDX is near its 3-month support level in a 600+ point sideways channel.

 
SPX -40.15, -1.21%, closes at 3,269, a hammer formed at the 78.6% Fib retracement level and is a channel bounce setup.
 
Two of eleven sectors were higher on Friday, led by XLE, XLF and XLV.
 
Energy leaders: DVN, HFC, HAL, NOV
Financial leaders: MTB, UNM, CMA, LNC
Healthcare leaders: RMD, ABBV, XRAY, UHS
 
SPY down -3.44 at 326.54 on 120.4 million shares, above average volume, down on higher volume.
VIX up +.43 at 38.02
 
IBM, WBA, CAT, CVX led the DJIA, 13 advancers, -5
MHK, RMD, DVN, TAP led the SPX, 211 advancers
CHTR, GOOGL, FOXA, BIIB led the NDX, 21 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: DIA, SPY, IWM, QQQ,
 
Breadth weakened on Friday as decliners led 1,864 to 1,186 on the NYSE and led 2,601 to 942 on the NASDAQ
 
The SPY MFC green line is pointed down at 37.2 and is bearish.  Price action is a hammer at the 78.6% Fib retracement level and is a channel bounce setup.
 
Uptrend sectors:  XLU, XLI, XLY, XLB, XLP, XLK, XLC, XLV,
Neutral sectors:  XLRE, XLF,
Down trend sectors: XLE,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Down
 
21 of 100 NDX stocks closed higher on Friday.
 
18 NDX stocks are above their 30 DMA:   IDXX, QCOM, ADP, XLNX, BIDU, SIRI, EXC, MELI, ALGN, JD, GOOGL, PDD, CDNS, EXPE, NXPI, PAYX, CSX, CTSH,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 2
CSX, CTSH,
 
Moving Below 30 DMA = 18
AAPL, ADSK, AMZN, COST, CPRT, DLTR, FB, ILMN, KLAC, LRCX, MRNA, MU, MXIM, SBUX, SNPS, SPLK, TXN, XEL,
 
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NDX, SPX Rally on Thursday, AAPL, AMZN, FB After-hours Negative EPS Reactions...

 
© 2020
 
Earnings season continued after the close Thursday with AMZN, FB, GOOGL, AAPL, TWTR, ILMN, SBUX, MGM, VRTX and FTNT reporting.  AAPL, AMZN and FB had negative reactions, while GOOGL had a positive reaction.  Seventy-two SPX companies reported earnings on Thursday. 
 
Companies reporting before the open on Friday include CBOE, CHTR, CVX, HON, MO, PSX, UAA, WY and XOM.
 
NDX +207.99, +1.87%, opened lower and closed higher.  The move was led by strength in AAPL, GOOGL, AMZN, FB and MSFT.  NDX is a countertrend bounce above support.
 
SPX +38.08, +1.19%, closes at 3,310, a bounce at the 78.6 Fib retracement level.
 
Nine of eleven sectors were higher on Thursday, led by XLE, XLC and XLB.
 
Energy leaders: APA, MPC, BKR, OKE
Communication Services leaders: TWTR, FB, NFLX, GOOG
Materials leaders: MLM, VMC, LYB, DD
 
SPY up +3.32 at 329.98 on 90.5 million shares, above average volume, up on lower volume.
VIX down -1.56 at 37.59
 
AAPL, CVX, DIS, DOW led the DJIA, 18 advancers, +17
CBRE, TWTR, TPR, MLM led the SPX, 350 advancers
MRNA, KLAC, NXPI, FB led the NDX, 74 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, IWM, SPY, DIA,
Down:
 
Breadth strengthened on Thursday as advancers led 2,020 to 1,032 on the NYSE and led 2,312 to 1,167 on the NASDAQ
 
The SPY MFC green line is pointed down at 48.5 and is bearish.  Price action is a break of multi-week support and holding at the 78.6% Fib retracement level.
 
Uptrend sectors:  XLU, XLI, XLY, XLB, XLP, XLK, XLC, XLV,
Neutral sectors:  XLRE, XLF,
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
 
74 of 100 NDX stocks closed higher on Thursday.
 
34 NDX stocks are above their 30 DMA:   IDXX, QCOM, SNPS, ADP, COST, XLNX, BIDU, SIRI, EXC, MELI, SPLK, ALGN, JD, GOOGL, PDD, FB, AAPL, ADSK, AMZN, CDNS, CPRT, DLTR, EXPE, ILMN, KLAC, LRCX, MRNA, MU, MXIM, NXPI, PAYX, SBUX, TXN, XEL,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 18
AAPL, ADSK, AMZN, CDNS, CPRT, DLTR, EXPE, ILMN, KLAC, LRCX, MRNA, MU, MXIM, NXPI, PAYX, SBUX, TXN, XEL,
 
Moving Below 30 DMA = 4
EBAY, SGEN, WDC, ZM,
 
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SPX, NDX Fall and Volatility Jumps on Wednesday, MSFT Negative EPS Reaction, Selling Hits AAPL, AMZN, FB and GOOGL...

 
© 2020
 
Earnings season continued after the close Wednesday with V, AMGN, NOW, GILD, CTSH, EBAY, ORLY, F, PINS, YUMC, CERN, ETSY, WDC, URI, MOH, SPWR, SFM, NOVA, RCI and RCI reporting .  Seventy-two SPX companies report earnings on Thursday.  Companies reporting before the open include CMCSA, SHOP, ICE, SPOT, GGPN, DD, BAX, KDP, KHC, UYM, MRNA, ALXN, CHD, K, IP, RCL, WAB, LKQ, PENN, DNKN, BWA, TAP, TPR, RL, HUM and ADS.
 
NDX -456.19, -3.93%, opened lower and sold off all day.  The move was led by weakness in AAPL, MSFT, AMZN, FB and GOOGL.  NDX is bouncing down falling toward multi-week support.
 
SPX -119.65, -3.53%, closes at 3,271, a 78.6 Fib retracement level falling toward 3-month support.
 
All eleven sectors were lower on Wednesday, led by XLRE, XLF and XLB.
 
Real Estate leaders: WY, DLR, EXR
Financial leaders: CB, TRV, AIZ
Materials leaders: SHW, SEE,
 
SPY down -11.56 at 326.66 on 127.0 million shares, above average volume, down on higher volume.
VIX up +6.93 at 40.28
 
TRV led the DJIA, 1 advancer, -6
GE, ROL, TT, CB led the SPX, 15 advancers
ADP, PDD, TCOM, NFLX led the NDX, 1 advancer
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: IWM, DIA, SPY, QQQ,
 
Breadth weakened on Wednesday as decliners led 2,834 to 268 on the NYSE and led 3,094 to 468 on the NASDAQ
 
The SPY MFC green line is pointed down at 57 and is defensive.  Price action is a break of multi-week support and reached its 78.6% Fib retracement level.
 
Uptrend sectors:  XLU, XLI, XLY, XLB, XLP, XLK, XLC, XLV,
Neutral sectors:  XLRE, XLF,
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
 
1 of 100 NDX stocks closed higher on Wednesday.
 
20 NDX stocks are above their 30 DMA:   ZM, SGEN, IDXX, QCOM, SNPS, ADP, COST, XLNX, BIDU, SIRI, EXC, MELI, SPLK, ALGN, JD, WDC, GOOGL, PDD, FB, EBAY,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 0
 
 
Moving Below 30 DMA = 36
AAPL, ADI, ADSK, ALXN, AMZN, ATVI, CDNS, CDW, CERN, CPRT, CTSH, DLTR, DOCU, EXPE, ILMN, INTU, ISRG, KLAC, LRCX, LULU, MCHP, MNST, MSFT, MU, MXIM, NVDA, NXPI, PAYX, PCAR, PEP, PYPL, REGN, SBUX, TTWO, TXN, XEL,
 
 
 
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NDX Leads on Big Tech Strength as SPX, DJI & RUT End Slightly Lower on Tuesday...

 © 2020
 
Earnings season continued on Tuesday as 185 SPX companies are scheduled to report this week.  After the close MSFT, FSLR, FEYE, JNPR, CB and CYH reported EPS.
 
NDX +94.43, +0.82%, opened higher traded in a range and closed higher.  The move was led by strength in AMZN, AAPL, MSFT FB and GOOGL.  NDX is an extended bull flag price pattern.
 
SPX -10.29, -0.30%, closes at 3,390, below its Sept 16 high and is a re-breakout setup.
 
Two of eleven sectors were higher on Tuesday, led by XLC, XLK and XLY.
 
Communication Services leaders: TWTR, FB, TTWO, TMUS
Technology leaders: XLNX, FFIV, CRM, IPGP
Consumer Discretionary leaders: TIF, ETSY, AMZN, HAS
 
SPY down -1.17 at 338.22 on 65.9 million shares, below average volume, down on lower volume.
VIX up +.89 at 33.35
 
CRM, MSFT, AAPL, PG led the DJIA, 7 advancers, +6
FFIV, NLSN, TIF, MKTX led the SPX, 122 advancers
XLNX, ZM, PDD, IDXX led the NDX, 50 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ,
Down: SPY, IWM, DIA,
 
Breadth strengthened on Tuesday as decliners led 2,086 to 944 on the NYSE and led 2,144 to 1,343 on the NASDAQ
 
The SPY MFC green line is pointed down at 65.3 and is defensive.  Price action is a break of short-term support and is in the middle of a three-month channel.
 
Uptrend sectors:  XLU, XLI, XLY, XLB, XLP, XLK, XLC, XLV,
Neutral sectors:  XLRE, XLF,
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
 
50 of 100 NDX stocks closed higher on Tuesday.
 
56 NDX stocks are above their 30 DMA:   ZM, ALXN, SGEN, CDW, CPRT, CTSH, IDXX, PAYX, QCOM, SBUX, SNPS, ADP, COST, LRCX, TXN, XLNX, KLAC, BIDU, NXPI, XEL, SIRI, CERN, EXC, MCHP, MELI, MXIM, PCAR, SPLK, ADI, ALGN, CDNS, ILMN, INTU, ISRG, JD, MU, PEP, PYPL, WDC, ADSK, AMZN, DLTR, AAPL, GOOGL, PDD, FB, ATVI, EXPE, DOCU, EBAY, LULU, REGN, TTWO, MNST, MSFT, NVDA,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 3
MNST, MSFT, NVDA,
 
Moving Below 30 DMA = 7
AMD, BKNG, CSX, DXCM, INCY, SWKS, WBA,
 
 
 
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SPX, NDX Open Lower, Fall Below Last Week's Low Before an Afternoon Rally, No Stimulus Deal in Sight...

 © 2020
 
This week is the heart of earnings season with 185 SPX companies scheduled to report earnings.  This morning OTIS, HAS and HCA reported EPS before the open.  After the close ARE, CINF, FFIV, NOV, PFG, PKG and TWLO reported EPS.
 
NDX -188.05, -1.61%, opened lower Monday morning but above last week’s low.  About 10:15 EDT the NDX rolled over and broke support and fell to 11,360 before an afternoon with a close at 11,504.  The move was led by weakness in MSFT, GOOGL, FB, NVDA, PYPL and ADBE.  NDX is a breakout test price pattern.
 
SPX -65.42, -1.86%, closes at 3,400, below its Sept 16 high and is a re-breakout setup.
 
All eleven sectors were lower on Monday, led by XLU, XLV and XLRE.
 
Utilities leaders: AEP, PPL, AEE, D
Healthcare leaders: ABMD, DXCM, ABT, HOLX
Real Estate leaders: CCI, SBAC, PSA, DLR
 
SPY down -6.39 at 339.39 on 91.4 million shares, above average volume, down on higher volume.
VIX up +4.91 at 32.46
 
AAPL, VZ, PG, JNJ led the DJIA, 1 advancer, -13
ABMD, AEP, ED, ETSY led the SPX, 40 advancers
DXCM, ZM, REGN, NTES led the NDX, 14 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up:  
Down: QQQ, SPY, IWM, DIA,
 
Breadth weakened on Monday as decliners led 2,697 to 388 on the NYSE and led 2,926 to 632 on the NASDAQ
 
The SPY MFC green line turned down at 68.3 and is defensive.  Price action is a break of short-term support and is a re-breakout setup.
 
Uptrend sectors:  XLU, XLI, XLY, XLB, XLP, XLK, XLC, XLV,
Neutral sectors:  XLRE, XLF,
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
 
14 of 100 NDX stocks closed higher on Monday.
 
60 NDX stocks are above their 30 DMA:   ZM, ALXN, SGEN, CDW, CPRT, CTSH, IDXX, PAYX, QCOM, SBUX, SNPS, ADP, COST, LRCX, SWKS, TXN, XLNX, KLAC, BIDU, NXPI, XEL, SIRI, CERN, EXC, MCHP, MELI, MXIM, PCAR, SPLK, ADI, ALGN, CDNS, CSX, ILMN, INTU, ISRG, JD, MU, PEP, PYPL, WDC, ADSK, AMZN, DLTR, AAPL, GOOGL, PDD, WBA, FB, ATVI, BKNG, DXCM, EXPE, AMD, DOCU, EBAY, LULU, REGN, TTWO, INCY,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
INCY,  
 
Moving Below 30 DMA = 17
AMAT, ANSS, ASML, AVGO, CTAS, FAST, KHC, MAR, MNST, MSFT, NVDA, ORLY, ROST, TCOM, ULTA, VRSK, WDAY,
 
 
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SPX, NDX Bull Flag Bounce as Stimulus Talks Continue, but Fail to Reach Agreement...

© 2020
NDX +29.66, +0.25%, opened slightly higher Friday morning then pulled back after AAPL, AMZN and FB rolled over.  NDX rallied Friday afternoon and closed at 11,692.  The move was led by weakness in FB, GOOGL, AMZN, MSFT and NVDA.  NDX bounced in its bull flag price pattern.
 
SPX +11.90, +0.34%, closes at 3,465.  SPX bounce above the high of the low day in its bull flag price pattern.  Stimulus talks continued to be a major topic of focus.  Markets rallied after Pelosi indicated optimism on stimulus negotiations.
 
Nine of eleven sectors were higher on Friday, led by XLC, XLY and XLRE.
 
Communication Services leaders: FB, OMC, GCI, GOOGL
Consumer Discretionary leaders: NCLH, DHI, UAA, MGM
Real Estate leaders: SBAC, FRT, WELL, SLG
 
SPY up +1.17 at 345.78 on 49.1 million shares, below average volume, up on lower volume.
VIX down -.56 at 27.55
 
UNH, WBA, VZ, JPM led the DJIA, 14 advancers, -8
SIVB, FLS, NCLH, DHI led the SPX, 356 advancers
DXCM, ALGN, XLNX, AMD led the NDX, 59 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, SPY, QQQ,
Down: DIA,
 
Breadth was similar on Friday as advancers led 1,907 to 1,112 on the NYSE and led 2,190 to 1,304 on the NASDAQ
 
The SPY MFC green line is turned up at 69.8 and is bullish.  Price action is a bull flag bounce.
 
Uptrend sectors:  XLI, XLU, XLY, XLB, XLP, XLK, XLV, XLC,
Neutral sectors:  XLRE, XLF,
Down trend sectors: XLE,
 
The 6-month intermediate trend is up.  The ten-day trend is up a little.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up a little
 
59 of 100 NDX stocks closed higher on Friday.
 
76 NDX stocks are above their 30 DMA:   AVGO, ZM, ALXN, SGEN, WDAY, CDW, CPRT, CTAS, CTSH, IDXX, NVDA, PAYX, QCOM, SBUX, SNPS, ADP, COST, LRCX, SWKS, TXN, XLNX, KLAC, BIDU, NXPI, XEL, SIRI, AMAT, CERN, EXC, MCHP, MELI, MXIM, PCAR, SPLK, ADI, ALGN, ANSS, CDNS, CSX, ILMN, INTU, ISRG, JD, MU, PEP, PYPL, WDC, ADSK, AMZN, DLTR, ULTA, VRSK, AAPL, MSFT, GOOGL, KHC, PDD, WBA, FB, ATVI, BKNG, DXCM, EXPE, MAR, MNST, TCOM, AMD, ASML, DOCU, EBAY, FAST, LULU, ORLY, REGN, ROST, TTWO,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 10
AMD, ASML, DOCU, EBAY, FAST, LULU, ORLY, REGN, ROST, TTWO,
 
Moving Below 30 DMA = 5
BMRN, INCY, INTC, MRNA, VRSN,
 
 
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