©
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
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
The two-year trend term is up. The one-year trend is up.
Up: QQQ,
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,
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
Moving Below 30 DMA = 7
AMD, BKNG, CSX, DXCM, INCY, SWKS, WBA,
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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
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
The two-year trend term is up. The one-year trend is up.
Up: QQQ,
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,
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
Moving Below 30 DMA = 7
AMD, BKNG, CSX, DXCM, INCY, SWKS, WBA,
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