Broad Indexes Move Lower after AMZN Revenues Miss Thursday after the Close...TEAM, DXCM Lead NDX...Materials, Real Estate Lead Sectors...

  
© 2021
 
 
IWM, DIA, SPY, QQQ each pulled back on Friday. 
 
On Friday, AMZN closed -272.33, -7.56% at 3,327.59 on a negative earnings reaction, as EPS beat but revenues missed. 
 
PINS fell -13.14, -18.24% as EPS and revenues beat but average monthly users dropped in Q2.  SNAP, FB and GOOGL closed slightly lower on Friday.
 
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Earnings season week 3 is complete and more than 300 S&P companies reported during the first 14 days.  As you can see less than half of the companies had more than a +1% reaction after their earnings report.  Many of the stocks with a neutral to negative reaction have subsequentially reversed to the upside and likely many more may do so since the broad market is still in an uptrend.
 
 
Earnings reactions through Friday:
Positive (1%+):  PEP, WFC, TFC, UNH, USB, STT, IBM, JBHT, ZION, DOV, HAL, HCA, KEY, SYF, CMG, UAL, CMA, IPG, KO, NDAQ, NTRS, CSX, DGX, DHR, DOW, DPZ, MMC, NUE, UNP, SNAP, CE, RHI, TWTR, AXP, NEE, ROP, SLB, HAS, FFIV, ARE, UHS, PKG, GE, BSX, MSCI, PNR, RTX, DTE, FISV, AMD, GOOGL, ENPH, AVY, BXP, PFE, TDY, BMY, GRMN, BA, HES, TEL, QCOM, ALGN, CTSH, HOLX, AFL, CINF, F, IR, AVB, HIG, MAA, RE, XLNX, AOS, CARR, CBRE, HBAN, HLT, HSY, KIM, LH, LKQ, MA, MO, SPGI, WAB, WST, YUM, TEAM, DXCM, KLAC, BIO, DLR, FTV, RSG, CBOE, CERN, CHTR, GSS, LIN, PG, X,
 
Neutral/Negative:  FRC, JPM, GS, CAG, BAC, BLK, C, DAL, PNC, PGR, SCHW, PLD, PPG, OMC, TRV, ANTM, MTB, NFLX, VZ, CCI, DFS, FTI, GL, KMI, LVS, TXN, AAL, ALLE, FITB, GPC, LUV, SNA, T, COF, FE, INTC, SIVB, VRSN, WRB, HON, KMB, RF, LMT, OTIS, CNC, SWK, UPS, MMM, IVZ, IQV, WM, PCAR, ECL, LW, CDNS, AAPL, MSFT, SBUX, V, CB, CHRW, EQR, EXR, IEX, JNPR, MDLZ, MXIM, NLOK, NOV, PFG, SYK, TER, HUM, ADP, CME, GD, MCD, MCO, ODFL, ROL, APH, GNRC, TMO, NSC, FB, PYPL, LRCX, PTC, EQIX, FBHS, DRE, NOW, ORLY, RJF, TYL, UDR, URI, AMT, BAX, CMCSA, CMS, ICE, IP, MAS, MLM, MRK, NLSN, SO, TAP, TFX, TXT, VLO, XEL, PINS, AMZN, GILD, SWKS TMUS, VRTX, AJG, EIX, ES, ESS, EW, FTNT, MHK, MTD, SWN, WELL, ABBV, AON, CAT, CHD, CL, COG, CVX, DISH, IDXX, ITW, JCI, IDXX, ITW, JCI, VFC, WY, XOM,
 
Up from Initial Reaction:  CTAS, MS, BK, ISRG, NVR, KSU, TSCO, PM, JNJ, MKTX, STX, WHR, ABT, AEP, DHI, FCX, POOL, FAST, BKR, EFX, ALK, NEM, PKI, PHM, ADM, ROK, SHW, GLW, TSLA, AMP,
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SPY down 2.14 at 438.51, on 68.9 million shares, above average volume, down on higher volume.  
VIX up .54 at 18.24
QQQ down 1.91, -0.52% at 364.57
 
 
PG, CSCO, HON, NKE led the DJIA, 12 advancers, -12
GE, FTV, BIO, EQIX led the SPX, 210 advancers.
TEAM, DXCM, KLAC, SGEN led the NDX, 57 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: DIA, SPY, QQQ, IWM,
 
SPY = BO setup.
DIA = BO setup.
QQQ = Bull flag.
IWM = Channel bounce pause.
 
Four of eleven sectors were higher on Friday, led by XLB, XLRE and XLP.
 
Basic Materials leaders: YUM, LEN, TSLA, DHI, PHM
Real Estate leaders: FCX, ALB, NUE, MOS
Consumer Staples leaders: HIG, CINF, AFL, SPGI,
 
 
Advancers weakened on Friday as decliners led 1,924 to 1,407 on the NYSE and led 2,705 to 1,684 on the NASDAQ.
 
The SPY MFC green line turned down at 93.5 and is counter-trend defensive.  SPY is a BO test. 
 
 
Uptrend sectors:  XLV, XLY, XLK, XLRE, XLP, XLC,
Neutral sectors:  XLU, XLI, XLF, XLB, 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: Sideways
 
57 of 100 NDX stocks closed higher on Friday.
 
68 NDX stocks are above their 30 DMA:  PAYX, INTU, GOOGL, IDXX, ILMN, SNPS, MRNA, REGN, DXCM, ADBE, DOCU, LULU, MSFT, TEAM, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, MELI, ADSK, CDW, COST, ORLY, VRSK, ADP, GILD, PEP, SBUX, FAST, CHKP, MNST, CTAS, AMD, OKTA, ALGN, CSCO, EXC, MRVL, HON, ASML, AVGO, CMCSA, FB, FISV, AEP, CTSH, EA, VRTX, XEL, AAL, MAR, AMAT, EA, KLAC, XLNX, CSX, NXPI, ROST, TSLA, TXN, ZM, CERN, CHTR, DLTR, LRCX, SGEN,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 5
CERN, CHTR, DLTR, LRCX, SGEN,
 
Moving Below 30 DMA = 8
AMZN, BKNG, EBAY, MDLZ, MTCH, NVDA, SIRI, SWKS,
 
 
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IWM, DIA, SPY, QQQ Rally on Thursday.../ES and /NQ Futures Fall After-hours on Negative AMZN Earnings Reaction...

 
 
© 2021
 
 
IWM, DIA, SPY, QQQ each closed higher on Thursday. 
 
After the close, AMZN fell -267.95, -7.44% as EPS beat but revenues missed.  /ES and /NQ futures are lower after the AMZN stock drop.
 
PINS fell -13.72, -19.04% as EPS and revenues beat but average monthly users dropped in Q2.  SNAP, FB and GOOGL were lower in after-hours seemingly in sympathy with the SNAP reaction.
 
 
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Earnings season week 3 continues Friday with 22 cos. including ABBV, AON, CAT, CBOE, CERN, CHD, CHTR, CL, COG, CVX, DISH, GSS, IDXX,  ITW, JCI, LIN LYB, NWL, PG, VFC, WY, XOM reporting BMO.
 
Earnings reactions through Thursday:
Positive (1%+):  PEP, WFC, TFC, UNH, USB, STT, IBM, JBHT, ZION, DOV, HAL, HCA, KEY, SYF, CMG, UAL, CMA, IPG, KO, NDAQ, NTRS, CSX, DGX, DHR, DOW, DPZ, MMC, NUE, UNP, SNAP, CE, RHI, TWTR, AXP, NEE, ROP, SLB, HAS, FFIV, ARE, UHS, PKG, GE, BSX, MSCI, PNR, RTX, DTE, FISV, AMD, GOOGL, ENPH, AVY, BXP, PFE, TDY, BMY, GRMN, BA, HES, TEL, QCOM, ALGN, CTSH, HOLX, AFL, CINF, F, IR, AVB, HIG, MAA, RE, XLNX, AOS, CARR, CBRE, HBAN, HLT, HSY, KIM, LH, LKQ, MA, MO, SPGI, WAB, WST, YUM,
 
Neutral/Negative:  FRC, JPM, GS, CAG, BAC, BLK, C, DAL, PNC, PGR, SCHW, PLD, PPG, OMC, TRV, ANTM, MTB, NFLX, VZ, CCI, DFS, FTI, GL, KMI, LVS, TXN, AAL, ALLE, FITB, GPC, LUV, SNA, T, COF, FE, INTC, SIVB, VRSN, WRB, HON, KMB, RF, LMT, OTIS, CNC, SWK, UPS, MMM, IVZ, IQV, WM, PCAR, ECL, LW, CDNS, AAPL, MSFT, SBUX, V, CB, CHRW, EQR, EXR, IEX, JNPR, MDLZ, MXIM, NLOK, NOV, PFG, SYK, TER, HUM, ADP, CME, GD, MCD, MCO, ODFL, ROL, APH, GNRC, TMO, NSC, FB, PYPL, LRCX, PTC, EQIX, FBHS, DRE, NOW, ORLY, RJF, TYL, UDR, URI, AMT, BAX, CMCSA, CMS, ICE, IP, MAS, MLM, MRK, NLSN, SO, TAP, TFX, TXT, VLO, XEL,
 
AMC Thursday:  AMZN, DXCM, GILD, KLAC, SWKS TMUS, VRTX, AJG, BIO, DLR, EIX, ES, ESS, EW, FTNT, FTV, MHK, MTD, RSG, SWN, WELL,
 
Up from Initial Reaction:  CTAS, MS, BK, ISRG, NVR, KSU, TSCO, PM, JNJ, MKTX, STX, WHR, ABT, AEP, DHI, FCX, POOL, FAST, BKR, EFX, ALK, NEM, PKI, PHM, ADM, ROK, SHW, GLW, TSLA, AMP,
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SPY up 1.82 at 440.65, on 47.4 million shares, below average volume, up on lower volume.  
VIX down .61 at 17.70
QQQ up .65, +0.18% at 366.48
 
 
TRV, CVX, INTC, DOW led the DJIA, 24 advancers, +15
YUM, LEN, WST, AMD led the SPX, 386 advancers.
ALGN, XLNX, QCOM, CTSH led the NDX, 66 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, SPY, QQQ,
Down:
 
SPY = BO setup.
DIA = BO setup.
QQQ = bull flag.
IWM = continued channel bounce.
 
Nine of eleven sectors were higher on Thursday, led by XLY, XLB and XLF.
 
Consumer Discretionary leaders: YUM, LEN, TSLA, DHI, PHM
Basic Materials leaders: FCX, ALB, NUE, MOS
Financial leaders: HIG, CINF, AFL, SPGI,
 
 
Advancers were mixed on Thursday as advancers led 2,265 to 1,041 on the NYSE and led 2,413 to 1,971 on the NASDAQ.
 
The SPY MFC green line is pointed up at 95.6 and is bullish.  SPY is a re-BO setup. 
 
 
Uptrend sectors:  XLV, XLY, XLK, XLRE, XLP, XLC,
Neutral sectors:  XLU, XLI, XLF, XLB, 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
 
66 of 100 NDX stocks closed higher on Thursday.
 
71 NDX stocks are above their 30 DMA:  PAYX, INTU, GOOGL, IDXX, ILMN, SNPS, MRNA, EBAY, REGN, DXCM, ADBE, DOCU, LULU, MSFT, TEAM, AMZN, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, MELI, ADSK, CDW, COST, ORLY, SWKS, VRSK, ADP, GILD, PEP, SBUX, FAST, CHKP, MDLZ, MNST, CTAS, AMD, OKTA, ALGN, CSCO, EXC, MRVL, HON, ASML, AVGO, CMCSA, FB, FISV, MTCH, AEP, CTSH, EA, VRTX, XEL, AAL, BKNG, MAR, SIRI, AMAT, EA, KLAC, NVDA, XLNX, CSX, NXPI, ROST, TSLA, TXN, ZM,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 6
CSX, NXPI, ROST, TSLA, TXN, ZM,
 
 
Moving Below 30 DMA = 5
AMGN, CHTR, LRCX, PTON, PYPL,
 
 
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Fed Leaves Rates Unchanged...IWM, QQQ Rise as DIA Pulls Back...Energy, Communication Services Lead Sectors...FB Negative EPS Reaction in After-hours Trading...

 
 
© 2021
 
 
NDX, SPX, DJI each forming a bull flag pattern on Wednesday.
 
The FOMC announced that rates remain unchanged.

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Earnings season week 3 continues Thursday with 34 cos. including CARR, CMCSA, HSY, MA, MRK, VLO reporting BMO and 21 cos. including AMZN, DLR, DXCM FTNT, KLAC, MHK, SWKS, reporting AMC.
 
Earnings reactions through Wednesday:
Positive (1%+):  PEP, WFC, TFC, UNH, USB, STT, IBM, JBHT, ZION, DOV, HAL, HCA, KEY, SYF, CMG, UAL, CMA, IPG, KO, NDAQ, NTRS, CSX, DGX, DHR, DOW, DPZ, MMC, NUE, UNP, SNAP, CE, RHI, TWTR, AXP, NEE, ROP, SLB, HAS, FFIV, ARE, UHS, PKG, GE, BSX, MSCI, PNR, RTX, DTE, FISV, AMD, GOOGL, ENPH, AVY, BXP, PFE, TDY, BMY, GRMN, BA, HES, TEL,
 
Neutral/Negative:  FRC, JPM, GS, CAG, FAST, BAC, BLK, C, DAL, PNC, PGR, SCHW, PLD, PPG, OMC, TRV, ANTM, BKR, MTB, NFLX, VZ, CCI, DFS, EFX, FTI, GL, KMI, LVS, TXN, AAL, ALLE, ALK, FITB, GPC, LUV, NEM, SNA, T, COF, FE, INTC, SIVB, VRSN, WRB, HON, KMB, RF, LMT, OTIS, PKI, CNC, SWK, UPS, MMM, PHM, IVZ, ADM, IQV, ROK, SHW, WM, GLW, PCAR, ECL, LW, CDNS, TSLA, AMP, AAPL, MSFT, SBUX, V, CB, CHRW, EQR, EXR, IEX, JNPR, MDLZ, MXIM, NLOK, NOV, PFG, SYK, TER, HUM, ADP, CME, GD, MCD, MCO, ODFL, ROL, APH, GNRC, TMO, NSC,
 
AMC Wednesday: FB, PYPL, LRCX, QCOM, ALGN, CTSH, HOLX, PTC, EQIX, AFL, CINF, F, FBHS, IR, DRE, NOW, AVB, HIG MAA, ORLY, RE, RJF, TYL, UDR, URI, XLNX
 
Up from Initial Reaction:  CTAS, MS, BK, ISRG, NVR, KSU, TSCO, PM, JNJ, MKTX, STX, WHR, ABT, AEP, DHI, FCX, POOL,
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DJI -127.59, -0.36%, continued its BO test and closed at 34,930. 
NDX +61.13, +0.41%, closed at 15,018. 
SPX -0.82, -0.02%, closed at 4,400. 
 
SPY = bull flag.
DIA = bull flag.
QQQ = bull flag.
IWM = continued channel bounce.
 
Four of eleven sectors were higher on Wednesday, led by XLE, XLC and XLV.
 
Energy leaders: HES, MRO, VLO, APA
Communication Services leaders: GOOGL, TWTR, TTWO, DISCA
Health Care leaders: MRNA, PFE, DXCM, PKI
 
 
SPY down .18 at 438.83, on 52.3 million shares, below average volume, down on lower volume.  
VIX down 1.05 at 18.31
 
BA, CAT, WBA led the DJIA, 9 advancers, -4
AMD, MRNA, XLNX, ENPH led the SPX, 221 advancers.
PDD, NTES, JD, TCOM led the NDX, 66 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, QQQ,
Down: SPY, DIA,
 
Advancers strengthened on Wednesday as advancers led 2,040 to 1,234 on the NYSE and led 3,212 to 1,181 on the NASDAQ.
 
The SPY MFC green line is pointed up at 94.3 and is bullish.  SPY is BO test / bull flag setup. 
 
 
Uptrend sectors:  XLRE, XLV, XLP, XLK, XLC, XLY,
Neutral sectors:  XLI, XLF, XLU, XLB, XLE,
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is up a little.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
 
66 of 100 NDX stocks closed higher on Wednesday.
 
70 NDX stocks are above their 30 DMA:  PAYX, INTU, GOOGL, IDXX, ILMN, SNPS, MRNA, PYPL, EBAY, REGN, DXCM, ADBE, DOCU, LULU, MSFT, TEAM, AMZN, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, MELI, ADSK, CDW, COST, ORLY, SWKS, VRSK, ADP, AMGN, GILD, PEP, SBUX, FAST, CHKP, MDLZ, MNST, CHTR, CTAS, AMD, OKTA, PTON, ALGN, CSCO, EXC, MRVL, HON, ASML, AVGO, CMCSA, FB, FISV, MTCH, AEP, CTSH, EA, VRTX, XEL, AAL, BKNG, MAR, SIRI, AMAT, EA, KLAC, LRCX, NVDA, XLNX,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 6
AMAT, EA, KLAC, LRCX, NVDA, XLNX,
 
Moving Below 30 DMA = 2
CERN, CSX,
 
 
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DJI, SPX, NDX Test BO as Broad Market Pulls Back after 5-day Rally...AAPL, MSFT, GOOGL Report AMC...

 
 
© 2021
 
 
NDX, SPX, DJI each did a BO test on Tuesday after hitting a new all-time closing high on Monday.
 
Four of the big Six reported earnings as of today.  TSLA reported Monday after the close.  AAPL, MSFT, GOOGL reported today AMC, FB Wednesday and AMZN Thursday each AMC.
 
The FOMC meets for the second day on Wednesday, with their announcement at 2 pm ET and press conference beginning at 2:30 pm ET.
 
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Earnings season week 3 continues Wednesday with 20 cos. including ADP, BA, CME, GNRC, MCD, PFE reporting BMO and 26 cos. including FB, ALGN, CTSH, F, LRCX, NOW PYPL, QCOM, URI reporting AMC.

 
Earnings reactions through Tuesday:
Positive (1%+):  PEP, WFC, TFC, UNH, USB, STT, IBM, JBHT, ZION, DOV, HAL, HCA, KEY, SYF, CMG, UAL, CMA, IPG, KO, NDAQ, NTRS, CSX, DGX, DHR, DOW, DPZ, MMC, NUE, UNP, SNAP, CE, RHI, TWTR, AXP, NEE, ROP, SLB, HAS, FFIV, ARE, UHS, PKG, GE, BSX, MSCI, PNR, RTX, DTE, FISV,
 
Neutral/Negative:  FRC, JPM, GS, CAG, FAST, BAC, BLK, C, DAL, PNC, PGR, SCHW, PLD, PPG, OMC, TRV, ANTM, BKR, MTB, NFLX, VZ, CCI, DFS, EFX, FTI, GL, KMI, LVS, TXN, AAL, ALLE, ALK, FITB, GPC, LUV, NEM, SNA, T, COF, FE, INTC, SIVB, VRSN, WRB, HON, KMB, RF, LMT, OTIS, PKI, CNC, SWK, UPS, MMM, PHM, IVZ, ADM, IQV, ROK, SHW, WM, GLW, PCAR, ECL, LW, CDNS, TSLA, AMP,
 
AMC Tuesday: AAPL, MSFT, GOOGL, AMD, SBUX, V, BXP, CB, CHRW, ENPH, EQR, EXR, IEX, JNPR, MDLZ, MXIM, NLOK, NOV, PFG, SYK, TER,
 
Up from Initial Reaction:  CTAS, MS, BK, ISRG, NVR, KSU, TSCO, PM, JNJ, MKTX, STX, WHR, ABT, AEP, DHI, FCX, POOL,
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Semiconductor stocks, SMH -1.77%, channel bounce down.
 
DJI -85.79, -0.24%, did a BO test and closed at 35,058.  CRM, HD, BA and MSFT were the largest point decliners on Tuesday.
NDX -168.98, -1.12%, closed at 14,956. 
SPX -20.84, -0.47%, closed at 4,401. 
 
TSLA -1.95%, a channel bounce.  A positive EPS reaction that reversed after the open on a strong broad market pullback.
 
SPY = BO test, re-BO.
DIA = BO test.
QQQ = BO test.
IWM = Modest channel bounce.
 
Five of eleven sectors were higher on Tuesday, led by XLU, XLRE and XLV.
 
Utilities leaders: EIX, WEC, DTE, AWK
Real Estate leaders: CBRE, ARE, PEAK, EQIX
Health Care leaders: BSX, UHS, BIO, BDX
 
 
SPY down 2.01 at 439.01, on 67.6 million shares, average volume, down on higher volume.  
VIX up 1.78 at 19.36
 
MCD, MRK, VZ, HON led the DJIA, 13 advancers, -7
FFIV, PNR, BSX, AON led the SPX, 227 advancers.
SIRI, FISV, TCOM VRTX led the NDX, 27 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: DIA, SPY, QQQ, IWM,
 
Advancers weakened on Tuesday as decliners led 2,107 to 1,184 on the NYSE and led 3,193 to 1,215 on the NASDAQ.
 
The SPY MFC green line is pointed up at 93.1 and is bullish.  SPY is BO test after an all-time closing high on Monday. 
 
 
Uptrend sectors:  XLRE, XLV, XLP, XLK, XLC, XLY,
Neutral sectors:  XLI, XLF, XLU, XLB, XLE,
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is up a little.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
 
27 of 100 NDX stocks closed higher on Tuesday.
 
66 NDX stocks are above their 30 DMA:  PAYX, INTU, GOOGL, IDXX, ILMN, SNPS, MRNA, PYPL, EBAY, REGN, DXCM, ADBE, DOCU, LULU, MSFT, TEAM, AMZN, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, MELI, ADSK, CDW, COST, ORLY, SWKS, VRSK, ADP, AMGN, GILD, PEP, SBUX, FAST, CHKP, MDLZ, MNST, CHTR, CTAS, AMD, OKTA, PTON, ALGN, CSCO, EXC, MRVL, HON, ASML, AVGO, CMCSA, FB, FISV, MTCH, AEP, CSX, CTSH, EA, VRTX, XEL, AAL, BKNG, MAR, CERN, SIRI,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 2
CERN, SIRI,  
 
Moving Below 30 DMA = 9
AMAT, DLTR, EA, KLAC, LRCX, ROST, TSLA, WDAY, XLNX,
 
 
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