Higher Open, Lower Close as Selling Increases into the Close...All Sectors Mover Lower...

 
 
© 2021
 
Futures moved higher overnight and IWM, QQQ, DIA and SPY opened higher and began to reverse about 30 minutes after the open.  The SPX dropped about 30 points, in the final 30 minutes and finished 51.92 points lower. 
 
SPX closed at 4,307 and NDX closed at 14,689.
 
SPY down 5.31 at 429.14, on 140.5 million shares, above average volume, down on higher volume.  
VIX up .58 at 23.14
QQQ down 1.32, -0.37% at 357.96
 
 
CRM, MRK led the DJIA, 2 advancers, -16
EA, MTCH, GCI, AMD led the SPX, 43 advancers.
SPLK, NTES, PAYX, TCOM led the NDX, 33 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: QQQ, IWM, SPY, DIA,
 
SPY = MACD setup at short-term support
DIA = MACD setup at intermediate-term support
QQQ = MACD setup just below short-term support
IWM = channel bounce down continuation at mid-channel
 
All eleven sectors were lower, on Thursday, led by XLC, XLK and XLU.
 
Communication Services leaders: EA, MTCH, GCI, NFLX
Technology leaders: PAYX, AMD, XLNX, HPE, FTNT
Utilities leaders: NEE, NI
 
Advancers weakened on Thursday as decliners led 2,154 to 1,215 on the NYSE and decliners led 2,434 to 2,143 on the NASDAQ.
 
The SPY MFC green line turned down at 31.4 and is short-term bearish.  SPY is a MACD divergence setup with a large red candle closing at support. 
 
 
Uptrend sectors:  XLF, XLK, XLV, XLY,
Neutral sectors:  XLE, XLC, XLP, XLU, XLRE, XLI, XLB,
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Down
 
33 of 100 NDX stocks closed higher on Thursday.
 
16 NDX stocks are above their 30 DMA:  TEAM, NFLX, TSLA, BKNG, MTCH, TXN, MAR, ORLY, FOXA, SGEN, TCOM, KHC, DLTR, DXCM, EA, PAYX,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 2
EA, PAYX,
 
Moving Below 30 DMA = 1
VRSK,
 
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SPY, DIA Form Bullish Harami at Support...Utilities, Staples Health Care Lead Sectors as Tech, Materials Lag...

 
© 2021
 
/ES futures moved higher overnight and closed higher Wednesday afternoon.  SPY, DIA closed higher while QQQ and IWM closed lower. 
 
SPX closed below 4,400 and NDX closed at 14,752.
 
SPY up .73, at 433.72, on 82.3 million shares, above average volume, up on lower volume.  
VIX down .69 at 22.56
QQQ down .59, -0.16% at 359.28
 
BA, MRK, WBA, IBM led the DJIA, 18 advancers, +16
LLY, TSN, COG, SRE led the SPX, 293 advancers.
DLTR, EA, NFLX, KHC led the NDX, 46 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: DIA, SPY,
Down: QQQ, IWM,
 
SPY = MACD setup at short-term support
DIA = channel bounce setup with bullish harami
QQQ = MACD setup just below short-term support
IWM = channel bounce down continuation at mid-channel
 
Seven of eleven sectors were higher, and one was unchanged, XLE, on Wednesday, led by XLU, XLP and XLV.
 
Utilities leaders: SRE, ATO, XEL, ED
Consumer Staples leaders: TSN, CAG, KHC, GIS
Health Care leaders: LLY, MRK, DXCM, HOLX
 
Advancers strengthened on Wednesday as advancers led 1,952 to 1,365 on the NYSE and decliners led 2,549 to 1,906 on the NASDAQ.
 
The SPY MFC green line turned down at 42.5 and is short-term bearish.  SPY is a MACD divergence setup at short-term support with a bullish harami. 
 
 
Uptrend sectors:  XLY, XLF, XLK, XLC, XLP, XLU, XLV,
Neutral sectors:  XLRE, XLI, XLB,
Down trend sectors: XLE,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
 
46 of 100 NDX stocks closed higher on Wednesday.
 
15 NDX stocks are above their 30 DMA:  TEAM, VRSK, NFLX, TSLA, BKNG, MTCH, TXN, MAR, ORLY, FOXA, SGEN, TCOM, KHC, DLTR, DXCM,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 2
DLTR, DXCM,
 
Moving Below 30 DMA = 6
ADI, INTC, KLAC, LULU, MCHP, MU,
 

 
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QQQ, SPY, IWM, DIA Open Lower, Close Lower...MU Lower in After-hours...

  
© 2021
 
/ES and /NQ futures moved lower overnight and QQQ, SPY, IWM and DIA opened and closed lower. 
 
MU -2.61, -3.57% fell in after-hours trading on EPS reaction.
 
SPX closed below 4,400 and NDX closed at 14,770.
 
 
SPY down 8.92 at 433.72, on 130.4 million shares, above average volume, down on higher volume.  
VIX up 4.49, at 23.25
QQQ down 10.48, -2.83% at 359.87
 
 
CVX, CAT led the DJIA, 2 advancers, -13
SLB, ATVI, COP, EA led the SPX, 52 advancers.
ATVI, EA, NTES, FISV led the NDX, 5 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: DIA, SPY, IWM, QQQ,
 
SPY = channel bounce down
DIA = channel bounce down
QQQ = channel bounce down at support
IWM = channel bounce down
 
One of eleven sectors was higher on Tuesday, led by XLE.
 
Energy leaders: SLB, COP, HAL, XOM
 
Advancers weakened on Tuesday as decliners led 2,665 to 652 on the NYSE and led 3,676 to 809 on the NASDAQ.
 
The SPY MFC green line is pointed up at 45.2 and is bullish.  SPY is a bounce continuation pause. 
 
 
Uptrend sectors:  XLY, XLF, XLK, XLC, XLP, XLU, XLV,
Neutral sectors:  XLRE, XLI, XLB,
Down trend sectors: XLE,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
 
5 of 100 NDX stocks closed higher on Tuesday.
 
19 NDX stocks are above their 30 DMA:  TEAM, VRSK, MCHP, NFLX, TSLA, KLAC, BKNG, MTCH, ADI, LULU, TXN, MAR, ORLY, FOXA, SGEN, TCOM, MU, INTC, KHC,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 0
 
 
Moving Below 30 DMA = 17
AMAT, AMD, AMZN, AVGO, BIDU, COST, CPRT, CTSH, DXCM, INTU, JD, LRCX, MRVL, NXPI, PDD, WDAY, XLNX,
 
 
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IWM, DIA Close Higher, SPY, QQQ Close Lower...XLE, XLF, XLB Lead Sectors...

 
 
© 2021
 
/ES and /NQ futures moved lower overnight and SPY, QQQ opened and closed lower while IWM and DIA opened and closed higher. 
 
SPX closed above 4,400 and NDX closed at 15,204.
 
 
SPY down 1.27 at 442.64, on 61.3 million shares, below average volume, down on similar volume.  
VIX up 1.01, at 18.76
QQQ down 2.98, -0.80% at 370.35
 
 
DOW, JPM, CVX, GS led the DJIA, 15 advancers, -1
SWN, COG, FANG, OXY led the SPX, 275 advancers.
TCOM, JD, NTES, DLTR led the NDX, 34 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA,
Down: SPY, QQQ,
 
SPY = channel bounce pause
DIA = channel bounce continuation
QQQ = channel bounce pause
IWM = channel bounce continuation
 
Five of eleven sectors were higher on Monday, led by XLE, XLF and XLB.
 
Energy leaders: SWN, COG, FANG, OXY
Financial leaders: PBCT, MTB, RF, FITB
Basic Materials leaders: FCX, DOW, EMN, LYB
 
Advancers strengthened on Monday as advancers led 1,967 to 1,348 on the NYSE and led 2,745 to 1,786 on the NASDAQ.
 
The SPY MFC green line is pointed up at 45.1 and is bullish.  SPY is a bounce continuation pause. 
 
 
Uptrend sectors:  XLY, XLF, XLK, XLC, XLP, XLU, XLV,
Neutral sectors:  XLRE, XLI, XLB,
Down trend sectors: XLE,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
 
34 of 100 NDX stocks closed higher on Monday.
 
36 NDX stocks are above their 30 DMA:  INTU, DXCM, TEAM, VRSK, MCHP, NFLX, TSLA, WDAY, AVGO, KLAC, BKNG, MTCH, ADI, LULU, AMAT, TXN, MAR, ORLY, FOXA, SGEN, BIDU, MRVL, TCOM, AMZN, CPRT, LRCX, MU, NXPI, XLNX, CTSH, INTC, COST, AMD, JD, KHC, PDD,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 4
AMD, JD, KHC, PDD,
 
Moving Below 30 DMA = 14
ALGN, ASML, CDNS, CRWD, CTAS, GOOGL, IDXX, MELI, MRNA, MSFT, NVDA, OKTA, SPLK, VRSN,
 
 
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SPY, QQQ, DIA Close Higher, IWM Lower...Communication Services, Energy Lead Sectors...COST Rallies after EPS...

 
© 2021
 
Futures drifted lower overnight and stock indexes opened lower on weekly expiration Friday.  Index ETFs DIA, SPY and QQQ traded in a range and closed slightly higher on Friday.  IWM closed lower.
 
SPX closed above 4,400 and NDX closed above 15,300.
 
 
SPY up .73 at 443.91, on 62.0 million shares, below average volume, up on lower volume.  
VIX down .88 at 17.75
QQQ up .35, +0.09% at 373.33
 
 
CRM, V, AXP, JPM led the DJIA, 16 advancers, -11
EXPE, CCL, NCLH, RCL led the SPX, 275 advancers.
MTCH, COST, TSLA, FOXA led the NDX, 43 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: SPY, QQQ, DIA,
Down: IWM,
 
SPY = channel bounce continuation
DIA = channel bounce continuation
QQQ = channel bounce continuation
IWM = channel bounce pause
 
Seven of eleven sectors were higher on Friday, led by XLC, XLE and XLF.
 
Communication Services leaders: MTCH, FOXA, FB, EA
Energy leaders: COG, PXD, COP, APA
Financial leaders: CME, FITB, SCHW, RJF
 
Advancers declined on Friday as decliners led 1,930 to 1,338 on the NYSE and led 2,562 to 1,862 on the NASDAQ.
 
The SPY MFC green line turned up at 38.3 and is bullish.  SPY is a bounce continuation. 
 
 
Uptrend sectors:  XLY, XLK, XLC, XLRE, XLF, XLP, XLU, XLV,
Neutral sectors:  XLI, XLB,
Down trend sectors: XLE,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
 
43 of 100 NDX stocks closed higher on Friday.
 
46 NDX stocks are above their 30 DMA:  INTU, DXCM, TEAM, CDNS, VRSK, ALGN, ASML, MCHP, NFLX, TSLA, WDAY, AVGO, KLAC, BKNG, OKTA, MRNA, MTCH, ADI, LULU, AMAT, TXN, MAR, ORLY, FOXA, SGEN, BIDU, TCOM, AMZN, CPRT, CRWD, CTAS, LRCX, MELI, MRVL, MSFT, MU, NVDA, NXPI, XLNX, CTSH, GOOGL, IDXX, INTC, SPLK, VRSN, COST,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 1
COST,
 
Moving Below 30 DMA = 6
EXC, GILD, ISRG, JD, PDD, SNPS,
 
 
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IWM, DIA, SPY and QQQ Open and Close Higher Again...CRM, AXP Lead DJI...Energy, Financial, Industrials Lead Sectors...

 
 
© 2021
 
Futures rallied overnight and stock indexes opened higher on Thursday morning.  Index ETFs IWM, DIA, SPY and QQQ trended higher throughout the day and closed higher.
 
SPX closed above 4,400 and NDX closed above 15,300.
 
NKE -6.26, -3.92% fell and COST 3.52, +0.78% rose in after-hours trading on EPS reactions.
 
 
SPY up 5.32 at 443.18, on 76.3 million shares, above average volume, up on lower volume.  
VIX down 2.24 at 18.63
QQQ up 3.41, +0.92% at 372.98
 
 
CRM, AXP, JPM, CAT led the DJIA, 27 advancers, +2
DVN, APA, SLB, DRI led the SPX, 429 advancers.
MAR, MRNA, BKNG, INTU led the NDX, 88 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, SPY, QQQ,
Down:
 
SPY = channel bounce continuation
DIA = channel bounce continuation
QQQ = channel bounce continuation
IWM = channel bounce continuation
 
Nine of eleven sectors were higher on Thursday, led by XLE, XLF and XLI.
 
Energy leaders: DVN, APA, SLB, MRO
Financial leaders: SIVB, SCHW, RJF, CFG
Industrials leaders: GE, ALK, UAL, LUV
 
Advancers were mixed on Thursday as advancers led 2,137 to 1,132 on the NYSE and led 3,296 to 1,207 on the NASDAQ.
 
The SPY MFC green line is pointed down at 32.3 and is short-term bearish.  SPY is a bounce continuation at short-term support. 
 
 
Uptrend sectors:  XLY, XLK, XLC, XLRE, XLF, XLP, XLU, XLV,
Neutral sectors:  XLI, XLB,
Down trend sectors: XLE,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
 
88 of 100 NDX stocks closed higher on Thursday.
 
53 NDX stocks are above their 30 DMA:  INTU, ILMN, DXCM, TEAM, CDNS, QCOM, VRSK, ALGN, ASML, MCHP, NFLX, TSLA, AVGO, KLAC, BKNG, OKTA, MRNA, MTCH, ADI, LULU, AMAT, TXN, MAR, ISRG, ORLY, FOXA, SGEN, BIDU, MRVL, PDD, TCOM, AMZN, CPRT, CRWD, CTAS, EXC, JD, LRCX, MELI, MRVL, MSFT, MU, NVDA, NXPI, XLNX, CTSH, GILD, GOOGL, IDXX, INTC, ISRG, SNPS, SPLK, VRSN,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 9
CTSH, GILD, GOOGL, IDXX, INTC, ISRG, SNPS, SPLK, VRSN,
 
Moving Below 30 DMA = 0
 
 
 
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