©
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
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
The two-year trend term is up. The one-year trend is up.
Up: IWM, SPY, QQQ,
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,
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
Moving Below 30 DMA = 5
BMRN, INCY, INTC, MRNA, VRSN,
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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
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
The two-year trend term is up. The one-year trend is up.
Up: IWM, SPY, QQQ,
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,
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
Moving Below 30 DMA = 5
BMRN, INCY, INTC, MRNA, VRSN,
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1 comment:
Much appreciate it, Dave! Also, prayers for Paul!
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