IWM Rises as QQQ, SPY Pause...CRWD Lower After-hours...Energy, Communication Services, Discretionary Lead Sectors...

 
 
© 2021
 
QQQ and SPY traded in a narrow range on Tuesday after a new all-time closing high on Monday.  SPX closed above 4,500 for the third time and NDX closed at 15,582.
 
CRWD -12.90, -4.59%, moved lower after-hours on a negative earnings reaction. 

SPY down .67 at 451.56, on 59.3 million shares, average volume, down on higher volume.  
VIX up .29 at 16.48
QQQ down .31, +0.08% at 379.95
 
WBA, AXP, IBM, MCD led the DJIA, 15 advancers, -0
APA, DISCA, VIAC, LUMN, LVS led the SPX, 246 advancers.
NTES, TCOM, PDD, BIDU led the NDX, 42 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM,
Down: DIA, QQQ, SPY,
 
SPY = Pause after all-time high
DIA = Channel bounce pause
QQQ = Pause after all-time high
IWM = Re-BO mid channel
 
Four of eleven sectors were higher on Tuesday, led by XLRE, XLC and XLY.
 
Real Estate leaders: IRM, WELL, CCI, HST
Communication Services leaders: DISCA, VIAC, LUMN, IPG
Consumer Discretionary leader: LVS, CCL, NCLH, WYNN
 
 
Advancers strengthened on Tuesday as advancers led 1,836 to 1,468 on the NYSE and led 2,694 to 1,775 on the NASDAQ.
 
The SPY MFC green line is pointed down at 95.3 and is counter-trend defensive.  SPY is a pause day following an all-time closing high. 
 
 
Uptrend sectors:  XLK, XLV, XLC, XLU, XLP, XLRE, XLF, XLY,
Neutral sectors:  XLI, XLB,
Down trend sectors: XLE,
 
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
 
42 of 100 NDX stocks closed higher on Tuesday.
 
68 NDX stocks are above their 30 DMA:  INTU, GOOGL, ILMN, SNPS, REGN, DXCM, ADBE, MSFT, TEAM, ISRG, CDNS, QCOM, SPLK, MELI, CDW, COST, VRSK, AMD, ALGN, CSCO, EXC, ASML, CMCSA, AEP, CTSH, XLNX, CHTR, SGEN, MCHP, FISV, MNST, GILD, WBA, BIIB, EBAY, CHKP, FAST, MRVL, NFLX, NVDA, AAPL, FB, FOXA, NXPI, TSLA, AVGO, EA, KLAC, TCOM, BKNG, HON, JD, OKTA, PDD, CRWD, ANSS, CPRT, CTAS, INTC, KDP, TXN, VRTX, AMZN, PYPL, QCOM, VRSN, INCY, NTES, PEP,
 
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 3
INCY, NTES, PEP,
 
Moving Below 30 DMA = 8
AMAT, CSX, DOCU, IDXX, LULU, PAYX, SWKS, XEL,
 
 
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QQQ, SPY All-time Closing High...AAPL Breaks out, All-time High...Real Estate, Technology, Discretionary Lead Sectors...

 
© 2021
 

QQQ and SPY made new all-time closing highs again on Monday.  SPX closed above 4,500 for the second time and NDX closed above 15,600 on Monday as markets continued Monday, the rally that started Friday.
 
 
SPY up 1.98 at 452.23, on 48.3 million shares, below average volume, up on lower volume.  
VIX down .20 at 16.19
QQQ up 4.22, +1.12% at 380.26
 
 
AAPL, MSFT, HD, KO led the DJIA, 15 advancers, -8
ETSY, HPQ, PKI, BAX led the SPX, 246 advancers.
PYPL, IDXX, TSLA ISRG led the NDX, 70 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY,
Down: DIA, IWM,
 
SPY = BO to all-time high
DIA = Channel bounce pause
QQQ = BO to all-time high
IWM = Mid-channel pullback
 
Seven of eleven sectors were higher on Monday, led by XLRE, XLK and XLY.
 
Real Estate leaders: DRE, AMT, ESS, EQIX
Technology leaders: PYPL, AAPL, HPQ, ENPH
Consumer Discretionary leader: ETSY, TSLA, POOL, AMZN
 
 
Advancers weakened on Monday as decliners led 1,872 to 1,409 on the NYSE and led 2,387 to 2,039 on the NASDAQ.
 
The SPY MFC green line is pointed up at 96 and is bullish.  SPY is an all-time closing high. 
 
 
Uptrend sectors:  XLK, XLV, XLC, XLU, XLP, XLRE, XLF, XLY,
Neutral sectors:  XLI, XLB,
Down trend sectors: XLE,
 
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
 
70 of 100 NDX stocks closed higher on Monday.
 
73 NDX stocks are above their 30 DMA:  INTU, GOOGL, ILMN, SNPS, REGN, DXCM, ADBE, MSFT, TEAM, ISRG, CDNS, QCOM, SPLK, MELI, CDW, COST, VRSK, AMD, ALGN, CSCO, EXC, ASML, CMCSA, AEP, CTSH, XLNX, CHTR, SGEN, MCHP, CSX, FISV, MNST, GILD, WBA, BIIB, EBAY, CHKP, FAST, LULU, MRVL, NFLX, NVDA, AAPL, FB, FOXA, NXPI, TSLA, AVGO, EA, KLAC, TCOM, BKNG, HON, JD, OKTA, PDD, CRWD, AMAT, ANSS, CPRT, CTAS, DOCU, INTC, KDP, PAYX, TXN, VRTX, AMZN, IDXX, PYPL, QCOM, SWKS, VRSN, XEL,
 
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 7
AMZN, IDXX, PYPL, QCOM, SWKS, VRSN, XEL,
 
Moving Below 30 DMA = 1
MRNA,
 
 
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Stocks Rally as Fed Chair Powell Speaks...IWM Leads as QQQ, SPY Make All-time Closing Highs...Energy, Communication Services, Financials Lead Sectors...

 
 
© 2021
 
 
QQQ and SPY made new all-time closing highs.  SPX closed above 4,500 for the first time and NDX closed above 15,400 on Friday as markets reversed Thursday’s pullback after the bomb attack and deaths at the Kabul airport in Afghanistan.
 
StockS started to trend up strong as FOMC Chairman Powell began his address at the Jackson Hole virtual Conference, Friday morning at 10 am ET.
 
WDAY +22.52, +9.13%, rose Friday on a positive earnings reaction.
 
 
SPY up 3.99 at 450.25, on 77.2 million shares, above average volume, up on higher volume.  
VIX down 2.45 at 16.39
QQQ up 3.62, +0.97% at 376.04
 
 
DOW, BA, DIS, AXP led the DJIA, 23 advancers, +19
SWN, OXY, COG, APA led the SPX, 435 advancers.
WDAY, LRCX, AMD, XLNX led the NDX, 82 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, QQQ, SPY, DIA,
Down:
 
SPY = Bounce to all-time high
DIA = Bounce continuation
QQQ = Bounce to all-time high
IWM = Mid-channel BO
 
Nine of eleven sectors were higher on Friday, led by XLE, XLC and XLF.
 
Energy leaders: SWN, OXY, COG, APA
Communication Services leaders: GCI, LYV, VIAC, FB
Financial leader: ZION, SCHW, IVZ, LNC
 
 
Advancers strengthened on Friday as advancers led 2,733 to 566 on the NYSE and led 3,421 to 986 on the NASDAQ.
 
The SPY MFC green line is pointed up at 95.8 and is bullish.  SPY is an all-time closing high. 
 
 
Uptrend sectors:  XLK, XLV, XLC, XLU, XLP, XLRE, XLF, XLY,
Neutral sectors:  XLI, XLB,
Down trend sectors: XLE,
 
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
 
82 of 100 NDX stocks closed higher on Friday.
 
67 NDX stocks are above their 30 DMA:  INTU, GOOGL, ILMN, SNPS, MRNA, REGN, DXCM, ADBE, MSFT, TEAM, ISRG, CDNS, QCOM, SPLK, MELI, CDW, COST, VRSK, AMD, ALGN, CSCO, EXC, ASML, CMCSA, AEP, CTSH, XLNX, CHTR, SGEN, MCHP, CSX, FISV, MNST, GILD, WBA, BIIB, EBAY, CHKP, FAST, LULU, MRVL, NFLX, NVDA, AAPL, FB, FOXA, NXPI, TSLA, AVGO, EA, KLAC, TCOM, BKNG, HON, JD, OKTA, PDD, CRWD, AMAT, ANSS, CPRT, CTAS, DOCU, INTC, KDP, PAYX, TXN, VRTX,
 
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 10
AMAT, ANSS, CPRT, CTAS, DOCU, INTC, KDP, PAYX, TXN, VRTX,
 
Moving Below 30 DMA = 11
ADI,
 
 
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Markets Selloff After News of Bomb Attack in Kabul...QQQ, SPY, IWM, DIA Move Below LOHD...Ten Sectors Lower...

 
 
© 2021
 
 
QQQ, IWM and SPY opened lower on Thursday and traded in a range until news of the bomb attack and deaths at the Kabul airport in Afghanistan, after which markets fell and traded in a lower range closing near its lows for the day.
 
FOMC Chairman Powell will address the Jackson Hole virtual Conference, Friday morning at 10 am ET.
 
WSM +15.94, +9.34%, NTAP +3.88, +4.72%, CRM +6.94, +2.66% rose Thursday on positive earnings reactions.
 
 
SPY down 2.65 at 446.26, on 57.8 million shares, below average volume, down on higher volume.  
VIX up 2.05, at 18.84
QQQ down 2.38, -0.64% at 372.42
 
 
CRM, JPM, MMM, HON led the DJIA, 4 advancers, -11
ETSY, NTAP, MCHP, CZR led the SPX, 101 advancers.
OKTA, MU, MCHP, PTON led the NDX, 25 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: DIA, SPY, QQQ, IWM,
 
SPY = One-day pullback
DIA = Move below the LOHD
QQQ = One-day pullback
IWM = Move below the LOHD
 
One of eleven sectors was higher on Thursday, led by XLRE.
 
Real Estate leaders: EQIX, DRE, EQR, AVB
 
 
Advancers weakened on Thursday as decliners led 2,454 to 838 on the NYSE and led 2,836 to 1,585 on the NASDAQ.
 
The SPY MFC green line is pointed up at 93.1 and is bullish.  SPY is a day one pullback. 
 
 
Uptrend sectors:  XLK, XLV, XLC, XLU, XLP, XLRE, XLF, XLY,
Neutral sectors:  XLI, XLB,
Down trend sectors: XLE,
 
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
 
25 of 100 NDX stocks closed higher on Thursday.
 
58 NDX stocks are above their 30 DMA:  INTU, GOOGL, ILMN, SNPS, MRNA, REGN, DXCM, ADBE, MSFT, TEAM, ISRG, CDNS, QCOM, SPLK, MELI, CDW, COST, VRSK, AMD, ALGN, CSCO, EXC, ASML, CMCSA, AEP, CTSH, XLNX, CHTR, SGEN, MCHP, CSX, FISV, MNST, GILD, WBA, BIIB, EBAY, CHKP, FAST, LULU, MRVL, NFLX, NVDA, AAPL, FB, FOXA, NXPI, TSLA, AVGO, EA, KLAC, TCOM, BKNG, HON, JD, OKTA, PDD, CRWD, ADI, 
 
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 1
ADI,
 
Moving Below 30 DMA = 11
ADSK, ANSS, CPRT, CTAS, DLTR, DOCU, ORLY, PAYX, PTON, ROST, VRTX,
 
 
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SPY, QQQ All-time New Closing Highs...Financial, Energy Lead Sectors...DKS Soars on EPS Reaction...

 
 
© 2021
 
 
Both QQQ and SPY traded in a narrow trading range on Wednesday while making new all-time closing highs.  ADBE, ALGN, ASML, CDNS, CDW, CSCO (21-year high), CTSH, GOOGL, INTU, MRVL, NVDA, NXPI, OKTA, SGEN, SNPS, SPLK, VRSK and WDAY also made new highs on Wednesday.
 
DKS +15.21, +13.30%, TOL +2.62, +4.29% rose Wednesday on positive earnings reactions.
 
 
SPY up .94 at 448.91, on 38.5 million shares, below average volume, up on lower volume.  
VIX down .43 at 16.84
QQQ up .43, +0.11% at 374.80
 
 
AXP, JPM, TRV, GS led the DJIA, 15 advancers, -1
PENN, WDC, ULTA, CZR led the SPX, 357 advancers.
OKTA, MU, MCHP, PTON led the NDX, 62 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, SPY, DIA, QQQ,
Down:
 
SPY = New high close
DIA = bull flag bounce continuation
QQQ = New high close
IWM = channel bounce continuation
 
Seven of eleven sectors were higher on Wednesday, led by XLF, XLE and XLI.
 
Financial leaders: APA, OXY, DVN, FANG
Energy leaders: XLNX, NVDA, MXIM, AMD
Industrials leader: LVS, WYNN, NCLH, TPR, CZR
 
 
Advancers weakened on Wednesday as advancers led 1,897 to 1,345 on the NYSE and led 2,535 to 1,891 on the NASDAQ.
 
The SPY MFC green line turned up at 89.6 and is bullish.  SPY is a new high close. 
 
 
Uptrend sectors:  XLK, XLV, XLC, XLU, XLP, XLRE, XLF, XLY,
Neutral sectors:  XLI, XLB,
Down trend sectors: XLE,
 
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
 
62 of 100 NDX stocks closed higher on Wednesday.
 
68 NDX stocks are above their 30 DMA:  PAYX, INTU, GOOGL, ILMN, SNPS, MRNA, REGN, DXCM, ADBE, MSFT, TEAM, ISRG, CDNS, QCOM, SPLK, MELI, ADSK, CDW, COST, VRSK, AMD, ALGN, CSCO, EXC, ASML, CMCSA, AEP, CTSH, XLNX, CHTR, SGEN, MCHP, CSX, FISV, MNST, DLTR, GILD, WBA, BIIB, EBAY, MXIM, ROST, CHKP, CTAS, FAST, LULU, MRVL, NFLX, NVDA, AAPL, ANSS, FB, FOXA, NXPI, TSLA, AVGO, EA, KLAC, TCOM, VRTX, BKNG, HON, JD, OKTA, PDD, CPRT, DOCU, ORLY, PTON,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 4
CPRT, DOCU, ORLY, PTON,
 
Moving Below 30 DMA = 0
 
 
 
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