© 2020
2020 ends with the SPX, DJI
and NDX at new all-time closing highs. XLB, XLV, XLY and XLC also made
record closing highs.
NDX +42.93, +0.33%, on Thursday
another all-time closing high.
SPX +24.03, +0.64%, closed
at 3,756, breakout continuation to a new
all-time high on the last day of 2020.
TSLA rose +1.57%, on Thursday and
is a horizontal breakout and an all-time closing high.
Ten of
eleven
sectors were higher on Thursday, led by XLU,
XLF and XLRE.
Utilities leaders: NRG,
EVRG, PPL, AEP,
Financial leaders: CME,
UNM, AON, WLTW
Real Estate leaders: SBAC, SLG, VNO, EQIX
SPY up 1.89 at 373.88 on 78.5
million shares, above average volume, up on higher volume.
VIX down 0.02 at 22.75
INTC, UNH, GS, MRK led the DJIA, 25 advancers, +8
GCI, MOS, VTRS, NRG led the SPX, 410 advancers
WDC, MU, NFLX, GILD led the NDX, 71 advancers
The two-year trend term is up. The one-year trend is up.
Up: DIA, SPY, QQQ,
Down: IWM,
Advancers weakened on Thursday as advancers led 1,884 to 1,269 on the NYSE and decliners led 2,023 to 1,768 on the NASDAQ
The SPY MFC green line
is pointed up at 91 and is bullish. Price action is a horizontal breakout setup.
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 a little
71 of 100 NDX stocks
closed higher on Thursday.
78 NDX stocks are above their 30 DMA: ALGN, TXN, ADI, AMAT, CTSH, FAST, MU, MXIM,
SBUX, ASML, INTU, MNST, TMUS, ROST, CSCO, AVGO, MELI, ADSK, KHC, TSLA, PYPL,
VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, EA, GILD, ILMN, ISRG, SNPS, VRSN,
NFLX, CHKP, CERN, DXCM, IDXX, CPRT, ALXN, AMZN, INCY, QCOM, SWKS, MSFT, ORLY,
WDAY, NTES, VRSK, MRVL, MTCH, OKTA, PTON, TEAM, BKNG, MAR, MDLZ, PEP, CMCSA,
FOXA, AMGN, COST, INTC, JD, PDD, ADP, AEP, CHTR, CSX, XEL,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 5
ADP, AEP, CHTR, CSX, XEL,
Moving Below 30 DMA = 4
DLTR, EBAY, LRCX, SGEN,
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1 comment:
Thank you and Happy New Year, Dave & Susan!!
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