Pullback on Expiration Friday...

 
© 2021
 
 
DJI 185.51, -0.54%, closes at 33,874.  GS. CRM, CVX and V were the largest point decliners on Friday.
 
NDX -109.45, -0.78%, closes at 13,860.
SPX -30.30, -0.72%, ended at 4,181, a reversal of Thursday’s gain.
 
TSLA +4.79%, a bullish engulfing bounce at short-term support.
 
SPY = BO test after an all-time new high.
DIA = bull flag setup.
QQQ = an HBO setup.
IWM = channel pullback.
 
 
Four of eleven sectors were higher on Friday, led by XLU, XLRE and XLY.
 
Utilities leaders: PNW, SO, WEC, LNT
Real Estate leaders: DLR, EQIX, AMT, ESS
Consumer Discretionary leaders: TSLA, CCL, F, NCLH, RCL
 
SPY down 2.76 at 417.30, on 85.5 million shares, above average volume, down on higher volume. 
VIX up 1.00 at 18.61
 
AMGN, MRK, VZ, WBA led the DJIA, 9 advancers, -15
AON, FTNT, WLTW, DLR led the SPX, 133 advancers.
TSLA, TEAM, SGEN, VRTX led the NDX, 18 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: DIA, QQQ, SPY, IWM,
 
Advancers weakened on Friday as decliners led 2,245 to 1,092 on the NYSE and led 2,888 to 1,348 on the NASDAQ.
 
The SPY MFC green line turned down at 96 and is counter-trend defensive.  SPY is a breakout test after a new all-time closing high. 
 
 
Uptrend sectors:  XLF, XLI, XLB, XLRE, XLK, XLY, XLV, XLC, XLP, XLU, XLE,
Neutral sectors: 
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
 
18 of 100 NDX stocks closed higher on Friday.
 
63 NDX stocks are above their 30 DMA:   ORLY, AEP, XEL, AMAT, EXC, FB, FAST, CSX, MNST, COST, ASML, CERN, CDW, SBUX, ADBE, LRCX, ROST, VRSK, VRSN, EA, TMUS, ADSK, ALGN, ANSS, GOOGL, ISRG, MSFT, MXIM, NVDA, AAPL, AMZN, CPRT, INTU, CHKP, DXCM, PYPL, MELI, ALXN, DOCU, IDXX, LULU, OKTA, MRNA, TEAM, INCY, CHTR, NTES, AMD, BKNG, MTCH, QCOM, XLNX, CTSH, TCOM, WDC, MAR, MDLZ, CMCSA, KHC, PEP, SGEN, TSLA, VRTX,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 3
SGEN, TSLA, VRTX,
 
Moving Below 30 DMA = 11
ADI, CSCO, CTAS, DLTR, MCHP, PAYX, PDD, REGN, SNPS, SWKS, WDAY,
 
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SPX All-time Closing High...AMZN Rises After-hours on Positive EPS Reaction...

© 2021
 
Thursday After-hours Earning Reactions:
Up – AMZN, WDC, FTNT,  
Down – TWTR, SWKS, ETH, DXCM, GILD, KLAC
 
.  
The big six finished reporting earnings today after AMZN +81.69, +2.35% rose in after-hours on a positive earnings reaction.
AAPL -0.07%, and FB +7.30% reported Wednesday after the close.
MSFT -0.81%, down for a second day GOOGL +1.43% up for a second day, reported Tuesday after the close.
TSLA -2.51%, down for a third day, after reporting Monday AMC.
 
 
Thirty-one percent or 155 SPX stocks reported earnings between Tuesday and today after the close.
 
 
DJI +239.98, -0.71%, closes at 34,060.  UNH, HD, GS and V were the largest point gainers on Thursday.
 
NDX +68.59, +0.49%, closes at 13,970.
SPX +28.29, +0.68%, ended at 4,211, an all-time closing high.
 
TSLA -1.47%, closed just above short-term support.
 
SPY = all-time new high.
DIA = bull flag bounce.
QQQ = an HBO setup.
IWM = channel bounce pause.
 
 
Nine of eleven sectors were higher on Thursday, led by XLC, XLF and XLE.
 
Communication Services leaders: DISH, FB, CMCSA, IPG
Financial leaders: CINF, COF, SPGI, CB
Energy leaders: NOV, SLB, CVX, PXD
 
SPY up 2.66 at 420.06, on 78.5 million shares, average volume, up on higher volume. 
VIX up .33 at 17.61
 
NKE, JPM, UNH, HD led the DJIA, 24 advancers, +10
DISH, TAP, GNRC, CINF led the SPX, 391 advancers.
FB, QCOM, CMCSA, KHC led the NDX, 60 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 1,743 to 1,574 on the NYSE and decliners led 2,317 to 1,918  on the NASDAQ.
 
The SPY MFC green line is pointed up at 97 and is bullish.  SPY is a new all-time closing high. 
 
 
Uptrend sectors:  XLF, XLI, XLB, XLRE, XLK, XLY, XLV, XLC, XLP, XLU, XLE,
Neutral sectors: 
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
 
60 of 100 NDX stocks closed higher on Thursday.
 
71 NDX stocks are above their 30 DMA:   ORLY, AEP, XEL, AMAT, EXC, FB, FAST, CSX, MNST, COST, ASML, CERN, CDW, SBUX, ADBE, LRCX, REGN, ROST, SWKS, VRSK, VRSN, EA, TMUS, ADSK, ALGN, ANSS, GOOGL, ISRG, MSFT, MXIM, NVDA, SNPS, AAPL, AMZN, CPRT, INTU, CHKP, DXCM, PYPL, MELI, ALXN, DOCU, IDXX, LULU, OKTA, MRNA, TEAM, INCY, CHTR, NTES, PAYX, AMD, BKNG, MTCH, PDD, QCOM, WDAY, XLNX, CTSH, TCOM, WDC, MAR, MDLZ, ADI, CMCSA, CSCO, CTAS, DLTR, KHC, MCHP, PEP,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 8
ADI, CMCSA, CSCO, CTAS, DLTR, KHC, MCHP, PEP,
 
Moving Below 30 DMA = 6
EBAY, FISV, ILMN, SGEN, TSLA, ZM,
 
 
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Trading Range Survives FOMC & Press Conference...AAPL, FB, QCOM, ALGN Rise in after-hours on Positive EPS Reaction...

© 2021
 

After-hours Earning Reactions:
Up – FB, QCOM, AAPL, CAKE, ALGN, MGM, ORLY
Down – EBAY, F
 
TSLA reported Monday.   
MSFT -2.83%, GOOGL +2.97% reported Tuesday after the close. 
AAPL and FB reported today after the close.
 
AMZN the last of the big six reports Thursday AMC.
Thirty-one percent or 155 SPX stocks will have reported earnings between Tuesday and Thursday after the close.
 
The two-day FOMC Meeting ended today with no change in interest rates.  The SPX moved sideways today in a classic trading range that continued during Powell’s press conference which began at 2:30 pm EDT.
 
 
DJI -164.55, -0.48%, closes at 33,820.  AMGN, MSFT, BA and MCD were the largest point decliners on Wednesday.
 
NDX -58.66, -0.42%, closes at 13,901, a second chance bull flag setup.
SPX -3.54, -0.08%, ended at 4,183.
 
TSLA -1.47%, closed just above short-term support.
 
SPY = HBO setup.
DIA = bull flag setup.
QQQ = bull flag bounce pause.
IWM = channel bounce continuation.
 
 
Five of eleven sectors were higher on Wednesday, led by XLE, XLC and XLF.
 
Energy leaders: NOV, FTI, DVN, HES
Communication Services leaders: IPG, GOOGL, FB, T
Financial leaders: SYF, WLTW, COF, DFS
 
SPY down .12 at 417.40, on 51.2 million shares, below average volume, down on similar volume. 
VIX down .28 at 17.28
 
CVX, V, AXP, CRM led the DJIA, 14 advancers, +0
NOV, FTI DVN HES led the SPX, 233 advancers.
TCOM, MDLZ, GOOGL, NTES led the NDX, 33 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM,
Down: SPY, QQQ, DIA,
 
Advancers strengthened on Wednesday as advancers led 1,926 to 1,354 on the NYSE and led 2,315 to 1,862 on the NASDAQ.
 
The SPY MFC green line is pointed up at 94.08 and is bullish.  SPY is an HBO setup. 
 
 
Uptrend sectors:  XLF, XLI, XLB, XLRE, XLK, XLY, XLV, XLC, XLP, XLU, XLE,
Neutral sectors: 
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
 
33 of 100 NDX stocks closed higher on Wednesday.
 
69 NDX stocks are above their 30 DMA:   ORLY, AEP, XEL, AMAT, EXC, FB, FAST, CSX, MNST, COST, ASML, CERN, CDW, SBUX, ADBE, LRCX, REGN, ROST, SWKS, VRSK, VRSN, EA, TMUS, ADSK, ALGN, ANSS, GOOGL, ISRG, MSFT, MXIM, NVDA, SNPS, AAPL, AMZN, CPRT, INTU, CHKP, DXCM, PYPL, TSLA, MELI, ALXN, DOCU, IDXX, LULU, OKTA, MRNA, TEAM, INCY, CHTR, NTES, PAYX, ILMN, ZM, AMD, BKNG, MTCH, PDD, QCOM, SGEN, WDAY, XLNX, CTSH, EBAY, TCOM, WDC, MAR, FISV, MDLZ,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 2
FISV, MDLZ,
 
Moving Below 30 DMA = 12
ADI, ADP, AMGN, CSCO, CTAS, DLTR, KLAC, MCHP, NXPI, PEP, SIRI, TXN,
 
 
 
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SPX Grinds Sideways with FOMC Announcement on Wednesday...GOOGL, AMD up, MSFT, TXN, SBUX down in After-hours...

 
© 2021
 
After-hours Earning Reactions:
Up – GOOGL, AMD ILMN, MDLZ,
Down – MSFT, AMGN, TXN, SBUX,
 

TSLA reported Monday.   
MSFT and GOOGL reported after the close today. 
 
The rest of the big six report as follows: 
AAPL and FB report Wednesday AMC,
AMZN reports Thursday AMC.
Thirty-one percent or 155 SPX stocks will report earnings between Tuesday and Thursday.
 
The two-day FOMC Meeting started today and concludes with its announcement Wednesday at 2 pm EDT.  No change in interest rates is expected.  Powell’s press conference will be at 2:30 pm EDT.

DJI +3.36, +0.01%, closes at 33,984.  GS, MCD and HON were the largest point gainers on Tuesday.
 
NDX -65.88, -0.47%, closes at 13,960, an HBO setup.
SPX -0.90, -0.02%, ended at 4,186, just below Monday’s all-time closing high.

TSLA -4.53%, moved down to short-term support on a negative earnings reaction.
 
SPY = HBO setup.
DIA = bull flag bounce pause.
QQQ = bull flag bounce pause.
IWM = channel bounce continuation.
 
 
Three of eleven sectors were higher on Tuesday, led by XLE, XLI and XLF.
 
Energy leaders: SWN, HES, FTI, EOG
Industrials leaders: UPS, FDX, EFX, OTIS
Financial leaders: MMC AMP, SCHW, WFC
 
SPY down .09 at 417.52, on 51.3 million shares, below average volume, down on lower volume. 
VIX down .08 at 17.56
 
CVX, MCD, GS, DOW led the DJIA, 14 advancers, +2
UPS, CZR, SWN, PHM led the SPX, 274 advancers.
MTCH, MRNA, JD, MU led the NDX, 37 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM,
Down: DIA, SPY, QQQ,
 
Advancers weakened on Tuesday as decliners led 1,652 to 1,633 on the NYSE and led 2,338 to 1,899 on the NASDAQ.
 
The SPY MFC green line turned up at 94 and is bullish.  SPY is an HBO setup. 
 
 
Uptrend sectors:  XLF, XLI, XLB, XLRE, XLK, XLY, XLV, XLC, XLP, XLU, XLE,
Neutral sectors: 
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
 
37 of 100 NDX stocks closed higher on Tuesday.
 
79 NDX stocks are above their 30 DMA:   ADP, ORLY, CSCO, AEP, XEL, AMAT, EXC, FB, SIRI, TXN, FAST, AMGN, PEP, CSX, MNST, COST, ASML, CERN, CDW, SBUX, ADBE, LRCX, REGN, ROST, SWKS, VRSK, VRSN, EA, TMUS, ADSK, ALGN, ANSS, GOOGL, ISRG, MSFT, MXIM, NVDA, SNPS, AAPL, AMZN, CPRT, INTU, CHKP, DXCM, PYPL, TSLA, MELI, ALXN, DOCU, IDXX, LULU, OKTA, MRNA, TEAM, INCY, CHTR, NTES, PAYX, CTAS, KLAC, ILMN, ZM, ADI, AMD, BKNG, MCHP, MTCH, NXPI, PDD, QCOM, SGEN, WDAY, XLNX, CTSH, EBAY, TCOM, WDC, DLTR, MAR,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 2
DLTR, MAR,
 
Moving Below 30 DMA = 8
ATVI, BIIB, CDNS, FISV, GILD, KHC, MDLZ, VRTX,
 
 
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SPX Inches to New Closing High...TSLA Down After-hours...FOMC Meets Tues/Wed...MSFT, GOOGL EPS Tuesday AMC...

© 2021
 
 
TSLA reported after the close.  The rest of the big six report as follows:
MSFT and GOOGL report Tuesday AMC, 
AAPL and FB report Wednesday AMC,
AMZN reports Thursday AMC.
Thirty-one percent or 155 SPX stocks will report earnings between Tuesday and Thursday.
 
The two-day FOMC Meeting starts Tuesday and concludes with its announcement Wednesday at 2 pm EDT.  No change in interest rates is expected.  Powell’s press conference will be at 2:30 pm EDT.
 
 
DJI -61.92, -0.18%, closes at 33,981.  UNH, HD, HON, PG and MMM were the largest point decliners on Monday.
 
NDX +84.72, +0.61%, closes at 14,026, second highest close 15 points below its all-time closing high.
SPX +7.45, +0.18%, ended at 4,187, new all-time closing high.
 
TSLA +1.21%, earnings after the close Monday.  TSLA -18.34, -2.48%, at 719.86, fell after the close, on negative earnings reaction.
 
SPY = HBO setup.
DIA = bull flag bounce pause.
QQQ = bull flag bounce.
IWM = channel bounce continuation.
 
 
Seven of eleven sectors were higher on Monday, led by XLE, XLB and XLK.
 
Energy leaders: SWN, APA, SLB, DVN
Basic Materials leaders: FCX, ALB, NUE, MOS
Technology leaders: WDC, STX, SWKS, ENPH
 
SPY up .87 at 417.61, on 52.1 million shares, below average volume, up on lower volume. 
VIX up .31 at 17.64
 
AXP, BA, GS, NKE led the DJIA, 12 advancers, -13
OTIS, FCX, ALB, STX led the SPX, 262 advancers.
WDC, SWKS DOCU, XLNX led the NDX, 59 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, QQQ, SPY,
Down: DIA,
 
Advancers weakened on Monday as advancers led 2,073 to 1,131 on the NYSE and led 2,847 to 1,392 on the NASDAQ.
 
The SPY MFC green line turned up at 91.2 and is bullish.  SPY is an HBO setup. 
 
 
Uptrend sectors:  XLP, XLI, XLY, XLK, XLB, XLRE, XLC, XLF, XLU, XLV, XLE,
Neutral sectors: 
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
 
59 of 100 NDX stocks closed higher on Monday.
 
85 NDX stocks are above their 30 DMA:   KHC, ADP, ORLY, CSCO, AEP, XEL, AMAT, EXC, FB, MDLZ, SIRI, TXN, FAST, AMGN, PEP, CSX, MNST, COST, ASML, CERN, CDW, SBUX, ADBE, GILD, LRCX, REGN, ROST, SWKS, VRSK, VRSN, EA, TMUS, ADSK, ALGN, ANSS, CDNS, GOOGL, ISRG, MSFT, MXIM, NVDA, SNPS, AAPL, AMZN, CPRT, FISV, INTU, CHKP, DXCM, PYPL, TSLA, MELI, ALXN, DOCU, IDXX, LULU, OKTA, MRNA, TEAM, INCY, VRTX, CHTR, NTES, PAYX, CTAS, KLAC, ILMN, ZM, ADI, AMD, BKNG, MCHP, MTCH, NXPI, PDD, QCOM, SGEN, WDAY, XLNX, ATVI, BIIB, CTSH, EBAY, TCOM, WDC,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 6
ATVI, BIIB, CTSH, EBAY, TCOM, WDC,
 
 
Moving Below 30 DMA = 1
DLTR,
 
 
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