Monday, July 12, 2021

SPY, DIA, QQQ All-time Closing Highs...Financial, Real Estate, Communication Services Lead Sectors...Earnings Seasons with JPM, GS, PEP reporting Tuesday BMO...

 
© 2021

 
Earnings season starts on Tuesday with JPM, GS, PEP, CAG, FAST, FRC reporting before the open (BMO).
 
Semiconductor stocks, SMH a bull flag bounce continuation +1.31%
 
DJI +126.02, +0.36%, closed at 34,996.  GS, DIS, UNH and JPM were the biggest point gainers on Friday.
NDX +51.80, +0.35%, closed at 14,877.
SPX +15.08, +0.35%, closed at 4,384.
 
TSLA +4.83%, a bull flag price continuation.
 
SPY = All-time closing high.
DIA = All-time closing high (not intra-day high).
QQQ = All-time closing high.
IWM = Channel bounce continuation.
 
Nine of eleven sectors were higher on Monday, led by XLF, XLRE and XLC.
 
Financial leaders: DFS, SIVB, LNC, TROW
Real Estate leaders: FRT, REG, IRM, PLD
Communication Services leaders: DIS, VIAC, TWTR, NWSA
 
 
SPY up 1.56 at 437.08, on 52.8 million shares, below average volume, up on lower volume.  
VIX down .01 at 16.17
 
DIS, GS, JPM, INTC led the DJIA, 16 advancers, -12
ALB, TSLA, LB, DIS led the SPX, 295 advancers.
TSLA, MRNA, ALGN, ASML led the NDX, 54 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, DIA, SPY, IWM,
Down:
 
Advancers weakened on Monday as advancers led 2,593 to 718 on the NYSE and led 3,356 to 1,012 on the NASDAQ.
 
The SPY MFC green line turned up at 94.1 and is bullishSPY closed at a new all-time high. 
 
 
Uptrend sectorsXLK, XLC, XLV, XLY, XLRE, XLP, XLI, XLE, XLF, XLB,
Neutral sectors:  XLU,
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 a little
 
54 of 100 NDX stocks closed higher on Monday.
 
67 NDX stocks are above their 30 DMA:  ALXN, TMUS, SGEN, PAYX, INTU, FB, GOOGL, IDXX, ILMN, MRVL, ZM, NVDA, PTON, SNPS, MRNA, PYPL, AMD, EBAY, REGN, XLNX, DXCM, ADBE, DOCU, LULU, MSFT, TEAM, ALGN, AMZN, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, CTAS, MELI, MTCH, WDAY, NFLX, OKTA, TSLA, VRSN, ADSK, AMAT, CDW, CHTR, COST, JD, ORLY, SWKS, BIDU, ROST, VRSK, ADP, AMGN, GILD, AVGO, CMCSA, PEP, AEP, CSCO, SBUX, CERN, FAST, CHKP, ASML, MAR, TXN, ADI, INTC, NXPI, 
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
ADI, INTC, NXPI,
 
Moving Below 30 DMA = 3
BIIB, CSCO, SIRI,
 
 
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