Friday, October 29, 2021

QQQ, DIA, SPY Hit New All-time Highs after AAPL, AMZN EPS...Health Care, Technology, Communication Services Lead Sectors...

 
© 2021
 
 
QQQ, DIA, SPY, new all-time closing high as IWM closed flat.
 
 
Earnings Reactions Q3 beginning Oct 12:
Up: ABBV, CBOE, CHD, CVX, GWW, LHX, NWL, AJG, BIO, CERN, DXCM, FE, FTV, RSG, VRSN, MA, CNC, ECL, GE, HAS, IVZ, LLY, SHW, SPGI, UPS, CDNS, PKG, AXP, RF, ROP, STX, CE, RHI, SIVB, WHR, WRB, AAL, GPC, KEY, MMC, POOL, TSCO, UNP, VLO, CCI, CSX, PPG, TSLA, ABT, ANTM, CFG, CMA, ISRG, MTB, VZ, DOV, JNJ, SYF, TRV, ZION, STT, / GS, JBHT, PLD, SCHW, TFC, BAC, MS, UNH, WBA, BLK, FRC, FAST
Neutral:  AON, RCL, XOM, KHC, NSC, AMD, AMP, DLR, MMM, PCAR, ARE, PBCT, T, BK, FITB, HAL, KSU, / C, DPZ, PGR
Down:  CHTR, CL, LYB, PSX, WY, AAPL, AMZN, GILD, DVA, EMN, HIG, MHK, RMD, SBUX, SYK, WDC, APH, AVY, BMY, BSX, CME, DTE, GM, HES, GRMN, IP, ODFL, ROL, TEL, WAB, BXP, CHRW, COF, PFG, TWTR, TXN, V, ADM, GLW, LMT, PHM, PNR, RTX, WM, FB, BRO, MSCI, UHS, OTIS, KMB, / SLB, HCA, HON, VFC, CMG, INTC, ALLE, ALK, DGX, DHR, DOW, IPG, IQV, LUV, NUE, NVR, SNA, DFS, EFX, FCX, FTI, GL, IBM, KMI, LRCX, LVS, BKR, MKTX, NDAQ, NFLX, OMC, UAL, PM, PG, PNC, / USB, WFC, DAL, JPM
Week 1 = 19, Week 2 = 77
    
 
SPX closed at 4,605, and NDX closed at 15,850.
 
SPY up 4.38 at 459.25, on 70.1 million shares, below average volume, up on higher volume.  
VIX down .27 at 16.26
QQQ up 1.89, +0.49% at 386.11
 
 
MSFT, INTC, MRK NKE led the DJIA, 16 advancers, -9
GWW, NWL, CERN, KLAC led the SPX, 209 advancers.
TEAM, DXCM, EBAY, VRSN led the NDX, 58 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, DIA, SPY,
Down: IWM,
 
SPY = all-time closing high
DIA = re-BO
QQQ = all-time closing high
IWM = channel bounce up.
 
Five of eleven sectors were higher on Friday, led by XLV, XLK and XLC.
 
Health Care leaders: DXCM, CERN, ABBV, EW
Technology leaders: VRSN, KLAC, ENPH, FTNT
Communication Services leaders: NFLX, FB, GOOGL, LYV
 
Advancers weakened on Friday as decliners led 1,711 to 1,622 on the NYSE and advancers led 2,324 to 2,281 on the NASDAQ.
 
The SPY MFC green line is pointed up at 95 and is bullish.  SPY is a new all-time closing high. 
 
 
Uptrend sectorsXLY, XLK, XLRE, XLE, XLF, XLI, XLB, XLV, XLC,
Neutral sectors:  XLP, 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
 
58 of 100 NDX stocks closed higher on Friday.
 
71 NDX stocks are above their 30 DMA:  NFLX, TSLA, MAR, SGEN, DLTR, PAYX, ADP, CSX, TEAM, CTAS, MRVL, NTES, PEP, VRSK, XLNX, BIDU, JD, SPLK, CHKP, AMD, CRWD, MSFT, WDAY, ADSK, ANSS, AVGO, CPRT, CTSH, EXC, NVDA, AAPL, ADBE, COST, DOCU, INTU, LULU, ZM, ATVI, CDNS, DXCM, QCOM, AEP, EA, ISRG, MDLZ, SNPS, IDXX, AMZN, CSCO, GOOGL, REGN, ASML, SWKS, ADI, AMAT, CDW, HON, ILMN, KDP, KLAC, NXPI, PTON, ROST, SIRI, XEL, CERN, EBAY, OKTA, VRSN, VRTX,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 5
CERN, EBAY, OKTA, VRSN, VRTX,
 
 
Moving Below 30 DMA = 2
ORLY, SBUX,
 
 
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