Wednesday, January 20, 2021

All-time Closing High: NDX, SPX, DJI, RUT...NFLX Soars to Record Close after EPS...

 © 2021
 
NDX, SPX, DJI and RUT gapped up at the open and closed at a new all-time closing high.  NFLX and big tech GOOGL, AMZN, MSFT, AAPL, FB and ADBE roared higher after being in consolidation for several weeks.
 
NFLX soared +16.85%, a new all-time closing high on a positive EPS reaction on strong subscriber growth reaching 200 million.
 
NDX +299.91, +2.31%, a breakout to a new all-time closing high.
 
SPX +52.94, +1.39%, closed at 3,851, a breakout to a new all-time closing high.
 
TSLA rose +0.70%, made a bull flag bounce but with no follow through momentum.
 
Ten of eleven sectors were higher on Wednesday, led by XLC, XLRE and XLK. 
 
Communication Services leaders: NFLX, GOOGL, TTWO, TWTR
Real Estate leaders: PEAK, ESS, DRE, SPG
Technology leaders: NOW, MSFT, AAPL, CRM
 
SPY up 5.24 at 383.89 on 61.7 million shares, average volume, up on higher volume.
VIX down 1.66 at 21.58
 
MSFT, AAPL, CRM, NKE led the DJIA, 22 advancers, +5
F, IVZ, PHM, LEN led the SPX, 319 advancers.
NFLX, GOOGL, AMZN, JD led the NDX, 70 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, DIA, IWM,
Down:
 
Advancers remained strong on Wednesday as advancers led 2,007 to 1,147 on the NYSE and led 2,168 to 1,676 on the NASDAQ.
 
The SPY MFC green line turned up at 85.7 and is bullish.  Price action is a breakout to a new all-time high.
 
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 TrendUp
 
70 of 100 NDX stocks closed higher on Wednesday.
 
71 NDX stocks are above their 30 DMA:   ALGN, TXN, ADI, AMAT, MU, MXIM, ASML, CSCO, AVGO, ADSK, TSLA, PYPL, ANSS, ATVI, BIDU, CDNS, ILMN, SNPS, CERN, IDXX, ALXN, SWKS, ORLY, NTES, MRVL, PTON, AMGN, INTC, JD, PDD, KLAC, NXPI, EBAY, GILD, LRCX, WBA, BIIB, FOXA, MCHP, QCOM, CSX, EXC, PCAR, CDW, CTAS, DOCU, INCY, MELI, REGN, SPLK, EA, ZM, SGEN, BKNG, GOOGL, INTU, OKTA, TCOM, VRTX, WDC, AAPL, AMZN, CTSH, DXCM, ISRG, MSFT, NFLX, NVDA, SBUX, TMUS, XEL,
 
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 11
AAPL, AMZN, CTSH, DXCM, ISRG, MSFT, NFLX, NVDA, SBUX, TMUS, XEL
 
Moving Below 30 DMA = 2
CHKP, FAST,
 
 
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