Monday, October 5, 2020

SPX, RUT, DJI Gap Up and Recover Friday's Pullback and More...

© 2020

 
NDX +253.37, +2.25%, gapped up and trended higher closing above its 30 DMA.  The rally was led by strength in AAPL, AMZN, MSFT, GOOGL, FB and TSLA. 
 
SPX +60.19, +1.80%, closes at 3,408. SPX gapped up, trended higher, closed above last week’s high and recovering more than Friday’s pullback.
 
All eleven sectors were higher on Monday, led by XLE, XLK and XLV.
 
Energy leaders: SWN, OXY, VLO, DVN
Technology leaders: AMD, NLOK, NVDA, QCOM
Healthcare leaders: REGN, WST, HSIC, AMGN
 
SPY up +5.92 at 339.76 on 45.6 million shares, below average volume, up on lower volume.
VIX up +0.33 at 27.96
 
AMGN, AAPL, TRV, DOW led the DJIA, 30 advancers, +17
FOSL, SWN, URI, OXY led the SPX, 452 advancers
REGN, AMD SGEN, MRNA led the NDX, 92 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, QQQ, SPY, DIA,
Down:
 
Breadth strengthened on Monday as advancers led 2,288 to 771 on the NYSE and led 2,644 to 888 on the NASDAQ
 
The SPY MFC green line is pointed up at 40.5 and is bullish.  Price action is a bounce continuation moving towards its MACD divergence price target.
 
Uptrend sectors XLB, XLI, XLY, XLP, XLK, XLC, XLV,
Neutral sectors:  XLRE, XLF, XLU,
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 TrendSideways
 
92 of 100 NDX stocks closed higher on Monday.
 
68 NDX stocks are above their 30 DMA:   CMCSA, AVGO, ZM, ALXN, SGEN, WDAY, ALGN, CDW, CHTR, CPRT, CTAS, CTSH, FISV, IDXX, INTC, MRNA, NVDA, PAYX, QCOM, SBUX, SNPS, TCOM, ADP, BIIB, COST, FOXA, LRCX, PEP, SWKS, TXN, XLNX, AMD, KLAC, BIDU, DOCU, NFLX, NXPI, ROST, XEL, SIRI, ULTA, ADI, AMAT, AMGN, ANSS, ASML, BMRN, CDNS, CERN, EXC, FAST, INCY, INTU, ISRG, MCHP, MDLZ, MELI, MU, MXIM, PCAR, PYPL, REGN, TMUS, TSLA, TTWO, VRTX, WBA,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 26
ADI, AMAT, AMGN, ANSS, ASML, BMRN, CDNS, CERN, EXC, FAST, INCY, INTU, ISRG, MCHP, MDLZ, MELI, MU, MXIM, PCAR, PYPL, REGN, TMUS, TSLA, TTWO, VRTX, WBA,
 
Moving Below 30 DMA = 0
 
 
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1 comment:

Ben W. said...

Thank you, Dave! I will not treat today like I was trading in September.