©
2020
Election ballots are still
being counted on Friday. The
challenger is still leading the race for 270 electoral votes.
NDX +13.28, +0.11%, traded
in a tight range on expiration Friday. A
channel bounce pause.
SPX -1.01, -0.03%, closes
at 3,509, a channel bounce pause.
Five
of eleven
sectors were higher on Friday, led by XLP,
XLK and XLB.
Consumer Staples leaders: HSY,
CLX, WMT, KMB
Technology leaders: MCHP,
PAYC, AMD, XLNX
Basic Materials leaders: ALB, FCX, ECL, APD
SPY down -0.08 at 350.16 on 74.9 million shares, average volume, down on lower volume.
VIX down -2.72 at 24.86
JNJ, WMT, CSCO, VZ led the DJIA, 12 advancers, -15
NWSA, MTD, ALB, CVS led the SPX, 218 advancers
MCHP, TMUS, TTWO, AMD led the NDX, 55 advancers
The two-year trend term is up. The one-year trend is up.
Up: QQQ,
Down: SPY, DIA, IWM,
Advancers weakened on Friday as decliners led 1,870 to 1,174 on the NYSE and led
2,188 to 1,340 on the NASDAQ
The SPY MFC green line
turned up at 64.8 and is bullish. Price action is a channel bounce pause
nearing resistance.
Uptrend sectors: XLU, XLB, XLI, XLY, XLC, XLP, XLV,
XLK,
Neutral sectors: XLF, XLRE,
Down trend sectors: XLE,
The 6-month intermediate trend is up. The
ten-day trend is sideways.
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Up
55 of 100 NDX stocks
closed higher on Friday.
74 NDX stocks are above their 30 DMA: IDXX, QCOM, ADP, XLNX, BIDU, SIRI, EXC, MELI,
ALGN, JD, GOOGL, PDD, CDNS, EXPE, NXPI, PAYX, CSX, ADSK, CDW, CERN, COST,
CPRT, KHC, KLAC, LRCX, PCAR, TXN, XEL, ADI, AMAT, CTSH, DLTR, FAST, MAR, MCHP,
MU, MXIM, SBUX, SNPS, VRSK, WBA, ADBE, ALXN, AMD, AMZN, ANSS, ASML, BIIB, BKNG,
CHTR, CTAS, DOCU, FB, FISV, INCY, INTU, LULU, MNST, MSFT, NTES, NVDA, TCOM,
TMUS, VRSN, AAPL, AVGO, ISRG, MRNA, NFLX, PYPL, TSLA, TTWO, WDAY, WDC, ZM,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 1
ZM,
Moving Below 30 DMA = 6
ATVI, EA, REGN, ROST,
SPLK, SWKS,
Add Comments
here:
No comments:
Post a Comment