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2020
Earnings season continued Friday with BK, CFG, JBHT, KSU, SLB, STT and VFC reporting EPS before the open. BK had a positive EPS reaction while CFG, JBHT, KSU, SLB, STT and VFC had negative reactions.
NDX -46.40, -0.39%, gapped up Friday morning, traded in a range most of the day before selling off 140 points to close at 11,852. The move was led by weakness in AMZN, AAPL, TSLA and NVDA. NDX is a bull flag price pattern.
SPX +0.47, +0.01%, closes at 3,483. SPX is a 4-day pullback bull flag price pattern.
Seven of eleven sectors were higher on Friday, led by XLU, XLV and XLI.
Utilities leaders: NEE, EIX, AEP, PEG
Healthcare leaders: PFE, LH, REGN, MDT
SPY down -0.21 at 347.29 on 89.5 million shares, above average volume, down on higher volume.
VIX up +0.44 at 27.41
CAT, BA, UNH, HON led the DJIA, 20 advancers, +4
The two-year trend term is up. The one-year trend is up.
Up: DIA,
Breadth weakened on Friday as decliners led 1,787 to 1,249 on the NYSE and led 1,809 to 1,673 on the NASDAQ
The SPY MFC green line is pointed up at 76 and is bullish. Price action is a 4-day bull flag pullback.
Uptrend sectors: XLY, XLB, XLP, XLK, XLC, XLV, XLI, XLU,
Down trend sectors: XLE,
The 6-month intermediate trend is up. The ten-day trend is up.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down a little
51 of 100 NDX stocks closed higher on Friday.
91 NDX stocks are above their 30 DMA: AVGO, ZM, ALXN, SGEN, WDAY, CDW, CHTR, CPRT, CTAS, CTSH, FISV, IDXX, INTC, MRNA, NVDA, PAYX, QCOM, SBUX, SNPS, ADP, BIIB, COST, LRCX, SWKS, TXN, XLNX, AMD, KLAC, BIDU, DOCU, NFLX, NXPI, ROST, XEL, SIRI, AMAT, CERN, EXC, MCHP, MELI, MXIM, PCAR, REGN, SPLK, ADBE, ADI, ALGN, ANSS, ASML, BMRN, CDNS, CHKP, CSX, ILMN, INCY, INTU, ISRG, JD, LULU, MU, PEP, PYPL, TMUS, TSLA, WDC, ADSK, AMZN, CSCO, DLTR, ULTA, VRSK, VRSN, AAPL, CTXS, EBAY, LBTYA, MDLZ, MNST, MSFT, ATVI, EA, FB, GOOGL, KHC, PDD, TTWO, ORLY, DXCM, WBA, CMCSA, FAST,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 2
Moving Below 30 DMA = 0
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Earnings season continued Friday with BK, CFG, JBHT, KSU, SLB, STT and VFC reporting EPS before the open. BK had a positive EPS reaction while CFG, JBHT, KSU, SLB, STT and VFC had negative reactions.
NDX -46.40, -0.39%, gapped up Friday morning, traded in a range most of the day before selling off 140 points to close at 11,852. The move was led by weakness in AMZN, AAPL, TSLA and NVDA. NDX is a bull flag price pattern.
SPX +0.47, +0.01%, closes at 3,483. SPX is a 4-day pullback bull flag price pattern.
Seven of eleven sectors were higher on Friday, led by XLU, XLV and XLI.
Utilities leaders: NEE, EIX, AEP, PEG
Healthcare leaders: PFE, LH, REGN, MDT
SPY down -0.21 at 347.29 on 89.5 million shares, above average volume, down on higher volume.
VIX up +0.44 at 27.41
CAT, BA, UNH, HON led the DJIA, 20 advancers, +4
The two-year trend term is up. The one-year trend is up.
Up: DIA,
Breadth weakened on Friday as decliners led 1,787 to 1,249 on the NYSE and led 1,809 to 1,673 on the NASDAQ
The SPY MFC green line is pointed up at 76 and is bullish. Price action is a 4-day bull flag pullback.
Uptrend sectors: XLY, XLB, XLP, XLK, XLC, XLV, XLI, XLU,
Down trend sectors: XLE,
The 6-month intermediate trend is up. The ten-day trend is up.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down a little
51 of 100 NDX stocks closed higher on Friday.
91 NDX stocks are above their 30 DMA: AVGO, ZM, ALXN, SGEN, WDAY, CDW, CHTR, CPRT, CTAS, CTSH, FISV, IDXX, INTC, MRNA, NVDA, PAYX, QCOM, SBUX, SNPS, ADP, BIIB, COST, LRCX, SWKS, TXN, XLNX, AMD, KLAC, BIDU, DOCU, NFLX, NXPI, ROST, XEL, SIRI, AMAT, CERN, EXC, MCHP, MELI, MXIM, PCAR, REGN, SPLK, ADBE, ADI, ALGN, ANSS, ASML, BMRN, CDNS, CHKP, CSX, ILMN, INCY, INTU, ISRG, JD, LULU, MU, PEP, PYPL, TMUS, TSLA, WDC, ADSK, AMZN, CSCO, DLTR, ULTA, VRSK, VRSN, AAPL, CTXS, EBAY, LBTYA, MDLZ, MNST, MSFT, ATVI, EA, FB, GOOGL, KHC, PDD, TTWO, ORLY, DXCM, WBA, CMCSA, FAST,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 2
Moving Below 30 DMA = 0
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1 comment:
Thank you, Dave. Much appreciated!
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