NDX Gains as SPX, DJI, RUT Pause after Thanksgiving Day Weekend...MRNA Rally Continues...

 
© 2020
 
The rally paused on Monday after Friday’s rise.  Multiple news sources reporting the DJI gained 11.8% in November its best monthly gain since 1987.  Trivia.  If you made good decisions in November, you likely made money.  If you didn’t make good decisions, you likely lost money. 
 
What news source told you at the end of October that November would be a stellar month and go long the DJI?  Oh, not one.  So, why do you read the news again?  Oh yes, to be told after the fact.
 
My suggestion: skip the news from now on, read the charts and make better decisions.
 

The DJIA 29,638 fell 271 points on day three of a breakout test and is forming a bull flag setup
 
NDX +10.11, +0.08%, closed at its November 9 high resistance and is a breakout setup. 
 
SPX -16.72, -0.46%, closed at 3,621, and formed a hammer just below November 9 horizontal resistance. 
 
Two of eleven sectors were higher on Monday, led by XLK, XLV and XLP. 
 
Technology leaders: AMD, XLNX QRVO, SWKS
Healthcare leaders: DHR, TFX, PFE PKI
Consumer Staples leaders: KR, CHD, CAG, GIS
 
SPY down 1.61 at 362.06 on 83.8 million shares, above average volume, down on higher volume.
VIX down .27 at 20.57
 
AAPL, INTC, WMT, CSCO led the DJIA, 10 advancers, -5
INFO, QRVO, DHR, IRM led the SPX, 148 advancers
MRNA, AMD, XLNX SWKS led the NDX, 49 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ,
Down: SPY, DIA, IWM,
 
Advancers weakened on Monday as decliners led 2,183 to 958 on the NYSE and led 2,354 to 1,318 on the NASDAQ
 
The SPY MFC green line is pointed up at 93.8 and is bullish.  Price action is a re-breakout.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  XLRE,
Down trend sectors:
 
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: Sideways
 
48 of 100 NDX stocks closed higher on Monday.
 
85 NDX stocks are above their 30 DMA:   IDXX, QCOM, ADP, XLNX, SIRI, ALGN, GOOGL, PDD, EXPE, NXPI, PAYX, CSX, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, VRSK, WBA, ASML, BKNG, CTAS, FISV, INTU, MNST, TCOM, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, JD, MELI, LBTYA, ADSK, KHC, AMD, FOXA, LULU, TSLA, DLTR, NTES, TTWO, CERN, BMRN, PYPL, FB, MSFT, AMZN, DOCU, EBAY, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, SPLK, VRSN, WDAY, ZM, NFLX, NVDA,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 2
NFLX, NVDA,
 
Moving Below 30 DMA = 3
ALXN, CDW, CHKP,
 
 
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NDX, RUT, SPX, DJI Rally Continues led by Healthcare, MRNA, ETSY, ZM...

 
© 2020
 
 
The rally continued with Friday’s half-day of trading after Thanksgiving Day on Thursday.  The DJIA 29,910 rallied 37 points forming a bull flag setup on day two of a breakout test.
 
NDX +106.00, +0.87%, forming a breakout setup with the November 9 high. 
 
SPX +8.70, +0.24%, closes at 3,638, and is a re-breakout of its Monday, November 16 high. 
 
Five of eleven sectors were higher on Friday, led by XLV, XLC and XLK. 
 
Healthcare leaders: ILMN, VRTX, COO, WST
Communication Services leaders: TMUS, EA, ATVI, TTWO
Technology leaders: SNPS, FTNT, CDNS TYL
 
SPY up 1.01 at 363.67 on 28.5 million shares, the lightest daily volume of 2020, below average volume, up on lower volume.
VIX down .41 at 20.84
 
AMGN, UNH, INTC, HON led the DJIA, 15 advancers, +4
ETSY, NCLH, VNT, TWTR led the SPX, 234 advancers
MRNA, ZM, PDD, ILMN led the NDX, 80 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, IWM, SPY, DIA,
Down:
 
Advancers strengthened on Friday as advancers led 1,759 to 1,376 on the NYSE and led 2,321 to 1,301 on the NASDAQ
 
The SPY MFC green line is pointed up at 90.7 and is bullish.  Price action is a re-breakout.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  XLRE,
Down trend sectors:
 
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: Up
 
80 of 100 NDX stocks closed higher on Friday.
 
86 NDX stocks are above their 30 DMA:   IDXX, QCOM, ADP, XLNX, SIRI, ALGN, GOOGL, PDD, EXPE, NXPI, PAYX, CSX, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, VRSK, WBA, ASML, BKNG, CTAS, FISV, INTU, MNST, TCOM, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, JD, MELI, LBTYA, ADSK, KHC, AMD, FOXA, LULU, TSLA, DLTR, NTES, TTWO, CERN, ALXN, BMRN, PYPL, CDW, FB, MSFT, AMZN, DOCU, EBAY, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CHKP, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, SPLK, VRSN, WDAY, ZM,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 18
AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CHKP, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, SPLK, VRSN, WDAY, ZM,
 
Moving Below 30 DMA = 1
EXC,  
 
 
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NDX Rally Continues as SPX, DJI, RUT Pause after New High on Tuesday...Happy Thanksgiving Everyone!

 
© 2020
 
 
Happy Thanksgiving everyone!  We give thanks for our bounteous blessings.  May your homes be warm and happy on Thursday and every day.

 
 
The DJIA 29,872 on Wednesday pulls back to Tuesday’s S1 level after closing above 30,000 for the first time on Tuesday.
 
NDX +72.41, +0.60%, is a channel bounce continuation rising to 3-week resistance area. 
 
SPX -5.76, +0.16%, closes at 3,629, and is a breakout test of Tuesday’s breakout of last Monday’s high.
 
Four of eleven sectors were higher on Wednesday, led by XLU, XLRE and XLK. 
 
Utilities leaders: AEE, NEE, ETR, NRG
Real Estate leaders: DLR, AMT, DRE, EXR
Technology leaders: ADSK, PYPL, VNT, HPQ
 
SPY down .56 at 362.66 on 45.3 million shares, below average volume, down on lower volume.
VIX down .39 at 21.25
 
WBA, AAPL, NKE V led the DJIA, 11 advancers, -15
ETSY, NCLH, VNT, TWTR led the SPX, 146 advancers
MRNA, ADSK, PYPL, ZM led the NDX, 46 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ,
Down: SPY, IWM, DIA,
 
Advancers weakened on Wednesday as decliners led 1,764 to 1,325 on the NYSE and led 1,818 to 1,759 on the NASDAQ
 
The SPY MFC green line is pointed up at 87.8 and is bullish.  Price action is a breakout test.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK,
Neutral sectors:  XLRE, XLE,
Down trend sectors:
 
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: Up
 
46 of 100 NDX stocks closed higher on Wednesday.
 
69 NDX stocks are above their 30 DMA:   IDXX, QCOM, ADP, XLNX, SIRI, ALGN, GOOGL, PDD, EXPE, NXPI, PAYX, CSX, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, VRSK, WBA, ASML, BKNG, CTAS, FISV, INTU, MNST, TCOM, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, JD, MELI, LBTYA, ADSK, KHC, AMD, FOXA, LULU, TSLA, DLTR, NTES, TTWO, CERN, ALXN, BMRN, PYPL, CDW, EXC, FB, MSFT, AMZN, DOCU, EBAY, VRTX,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 4
AMZN, DOCU, EBAY, VRTX,
 
Moving Below 30 DMA = 2
GILD, PCAR,
 
 
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DJI Closes Above 30,000...DJI, SPX, RUT Make All-time Closing Highs...

 © 2020
 
 
The DJIA 30,046.24 closes above 30,000 for the first time in history.
 
NDX +173.87, +1.46%, is a channel bounce continuation. 
 
SPX +57.84, +1.62%, closes at 3,635, is a bull flag bounce and a horizontal resistance breakout that made a new all-time closing high.
 
Ten of eleven sectors were higher on Tuesday, led by XLE, XLF and XLB. 
 
Energy leaders: APA, FTI, EOG, HES
Financial leaders: LNC, WFC, C, KEY
Basic Materials leaders: MOS, LYB, FCX, WRK
 
SPY up 5.76 at 363.22 on 62.4 million shares, below average volume, up on similar volume.
VIX down 1.02 at 21.64
 
CVX, JPM, GS, DIS led the DJIA, 26 advancers, +3
MOS, CCL, UAL, AAL led the SPX, 401 advancers
DLTR, TSLA, MAR, CMCSA led the NDX, 70 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, SPY, DIA, QQQ,
Down:
 
Advancers strengthened on Tuesday as advancers led 2,374 to 764 on the NYSE and led 2,457 to 1,184 on the NASDAQ
 
The SPY MFC green line turned up at 84.7 and is bullish.  Price action is a bull flag bounce.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK,
Neutral sectors:  XLRE, XLE,
Down trend sectors:
 
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: Up
 
70 of 100 NDX stocks closed higher on Tuesday.
 
67 NDX stocks are above their 30 DMA:   IDXX, QCOM, ADP, XLNX, SIRI, ALGN, GOOGL, PDD, EXPE, NXPI, PAYX, CSX, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, VRSK, WBA, ASML, BKNG, CTAS, FISV, INTU, MNST, TCOM, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, JD, MELI, LBTYA, ADSK, KHC, AMD, FOXA, LULU, TSLA, DLTR, NTES, TTWO, CERN, ALXN, BMRN, PCAR, PYPL, CDW, EXC, FB, GILD, MSFT,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 5
CDW, EXC, FB, GILD, MSFT,
 
Moving Below 30 DMA = 0
 
 
 
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RUT, DJI Lead SPX as Rally Resumes on Monday after Expiration Friday Trading Range...

 
© 2020
 
 
NDX -0.50, -0.00%, is a pause in a sideways channel bounce. 
 
SPX +20.05, +0.56%, closes at 3,577, is a five-day bull flag price pattern.
 
Eight of eleven sectors were higher on Monday, led by XLE, XLF and XLI. 
 
Energy leaders: OXY, APA, FANG, EOG
Financial leaders: LNC, UNM, DFS, COF
Industrials leaders: AAL, RHI, BA, FLS
 
SPY up 2.12 at 357.46 on 63.2 million shares, below average volume, up on lower volume.
VIX down 1.04 at 22.66
 
CVX, BA, DIS, AXP led the DJIA, 23 advancers, +18
GCI, OXY, APA, FANG led the SPX, 366 advancers
ALGN, TSLA AMAT, WDC led the NDX, 56 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, SPY, QQQ,
Down:
 
Advancers strengthened on Monday as advancers led 2,382 to 734 on the NYSE and led 2,374 to 1,259 on the NASDAQ
 
The SPY MFC green line is pointed down at 83.7 and is counter-trend defensive.  Price action is a bull flag setup.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK,
Neutral sectors:  XLRE, XLE,
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is sideways.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
 
56 of 100 NDX stocks closed higher on Monday.
 
62 NDX stocks are above their 30 DMA:   IDXX, QCOM, ADP, XLNX, SIRI, ALGN, GOOGL, PDD, EXPE, NXPI, PAYX, CSX, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, VRSK, WBA, ASML, BKNG, CTAS, FISV, INTU, MNST, TCOM, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, JD, MELI, LBTYA, ADSK, KHC, AMD, FOXA, LULU, TSLA, DLTR, NTES, TTWO, CERN, ALXN, BMRN, PCAR, PYPL,
 
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 4
ALXN, BMRN, PCAR, PYPL,  
 
Moving Below 30 DMA = 5
AAPL, CDW, DOCU, EXC, ISRG,
 
 
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Thanksgiving Week...A Message of Gratitude That Can Bring Peace to You...

As a son of a career Army solider that fought in three wars, I was raised with a sense of gratitude for the great freedoms we enjoy in America.  I lived in Germany and had the opportunity to travel Europe for three years.  I had the privilege to travel through communist East Germany on a train and visit West Berlin, the Berlin Wall and the museum at Checkpoint Charlie over twenty years before that wall came down.  

That trip, that wall and that museum impressed upon me as a young teenager that many people literally risked their lives, and many lost their lives, in an effort to obtain a freedom that I was given as a birthright.  

I give thanks this week for my Dad and the millions of other men and women who have served America during the past 244 years, first to secure the God given rights of life, liberty and the pursuit of happiness and then to protect those rights and the other freedoms that the Constitution and Bill of Rights grant us.

This video message of gratitude from Russell M. Nelson can bring peace into your life this week and beyond.

Click here:  The Healing Power of Gratitude

Happy Thanksgiving to you and your family!

SPX, DJI, RUT in Bull Flag Price Pattern...

 
© 2020
 
 
NDX -78.99, -0.66%, pauses Friday after a channel bounce on Thursday from a higher low. 
 
SPX -24.33, -0.68%, closes at 3,557, is a breakout test that moved below recent resistance and formed a four-day bull flag price pattern.
 
One of eleven sectors was higher on Friday, led by XLU, XLB and XLV. 
 
Utilities leaders: EVRG, NI, CMS, PEG
Basic Materials leaders: ALB, SEE, DD, FCX
Healthcare leaders: DVA, A, LH, DGX
 
SPY down 2.45 at 355.33 on 70.4 million shares, below average volume, down on higher volume.
VIX up .59 at 23.70
 
NKE, MMM, TRV, MRK led the DJIA, 5 advancers, -13
ETSY, MCHP, TTWO, TWTR led the SPX, 158 advancers
ZM, MRNA, NTES, PDD led the NDX, 36 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM,
Down: QQQ, SPY, DIA,
 
Advancers weakened on Friday as decliners led 1,649 to 1,406 on the NYSE and advancers led 1,888 to 1,702 on the NASDAQ
 
The SPY MFC green line turned down at 85.9 and is counter-trend defensive.  Price action is a bull flag setup.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK,
Neutral sectors:  XLRE, XLE,
Down trend sectors:
 
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
 
36 of 100 NDX stocks closed higher on Friday.
 
63 NDX stocks are above their 30 DMA:   IDXX, QCOM, ADP, XLNX, SIRI, EXC, ALGN, GOOGL, PDD, EXPE, NXPI, PAYX, CSX, CDW, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, VRSK, WBA, ASML, BKNG, CTAS, FISV, INTU, MNST, TCOM, TMUS, AAPL, ISRG, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, JD, MELI, LBTYA, ADSK, KHC, AMD, FOXA, LULU, TSLA, DLTR, DOCU, NTES, TTWO, CERN,
 
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 1
CERN,  
 
Moving Below 30 DMA = 3
BIDU, PCAR, WDAY,
 
 
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