©
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
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
The two-year trend term is up. The one-year trend is up.
Up:
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,
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
Moving Below 30 DMA = 17
AMAT, ANSS, ASML, AVGO, CTAS, FAST, KHC, MAR, MNST, MSFT, NVDA, ORLY, ROST, TCOM, ULTA, VRSK, WDAY,
Add Comments here:
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
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
The two-year trend term is up. The one-year trend is up.
Up:
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,
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
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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1 comment:
Thanks, Dave!
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