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2020
Earnings season continued Thursday before the open with ISRG, MS, SCHW, TFC and WBA reporting EPS. MS, SCHW and WBA had positive EPS reaction while ISRG -1.34% and TFC -0.28% had a negative reaction.
NDX -86.79, -0.72%, gapped down more than 210 points Thursday morning, traded two points lower before rallying more than 130 points to close at 11,898. The move was led by weakness in AMZN, FB, MSFT and AAPL. NDX is a bull flag price pattern.
SPX -5.33, -0.12%, closes at 3,483. SPX is a 3-day pullback bull flag price pattern.
Six of eleven sectors were higher on Thursday, led by XLE, XLF and XLRE.
Energy leaders: APA, HFC, SLB, HAL
Financial leaders: SCHW, FRC, MTB, NTRS
SPY down -0.43 at 347.50 on 60.3 million shares, below average volume, down on higher volume.
VIX up +0.57 at 26.97
WBA, JPM NKE, MCD led the DJIA, 16 advancers, +6
The two-year trend term is up. The one-year trend is up.
Up: IWM,
Breadth strengthened on Thursday as advancers led 1,709 to 1,326 on the NYSE and led 1,881 to 1,592 on the NASDAQ
The SPY MFC green line is pointed up at 74.8 and is bullish. Price action is a 3-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
32 of 100 NDX stocks closed higher on Thursday.
89 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,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 2
Moving Below 30 DMA = 3
CMCSA, GILD, VRTX,
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Earnings season continued Thursday before the open with ISRG, MS, SCHW, TFC and WBA reporting EPS. MS, SCHW and WBA had positive EPS reaction while ISRG -1.34% and TFC -0.28% had a negative reaction.
NDX -86.79, -0.72%, gapped down more than 210 points Thursday morning, traded two points lower before rallying more than 130 points to close at 11,898. The move was led by weakness in AMZN, FB, MSFT and AAPL. NDX is a bull flag price pattern.
SPX -5.33, -0.12%, closes at 3,483. SPX is a 3-day pullback bull flag price pattern.
Six of eleven sectors were higher on Thursday, led by XLE, XLF and XLRE.
Energy leaders: APA, HFC, SLB, HAL
Financial leaders: SCHW, FRC, MTB, NTRS
SPY down -0.43 at 347.50 on 60.3 million shares, below average volume, down on higher volume.
VIX up +0.57 at 26.97
WBA, JPM NKE, MCD led the DJIA, 16 advancers, +6
The two-year trend term is up. The one-year trend is up.
Up: IWM,
Breadth strengthened on Thursday as advancers led 1,709 to 1,326 on the NYSE and led 1,881 to 1,592 on the NASDAQ
The SPY MFC green line is pointed up at 74.8 and is bullish. Price action is a 3-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
32 of 100 NDX stocks closed higher on Thursday.
89 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,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 2
Moving Below 30 DMA = 3
CMCSA, GILD, VRTX,
Add Comments here:
1 comment:
Thank you, Dave! There’s lots of bull flags out there!
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