SPX, DIA, QQQ Pause on Friday after Two-day Rally...BIDU, JD Lead NDX...Energy, Financial Lead Sectors...

  
© 2021

 
 
Earnings season starts next Wednesday BMO on October 13 with JPM reporting.
    
 
SPX closed at 4,391 and NDX closed at 14,820.
 
SPY down .80 at 437.86, on 74.5 million shares, average volume, down on similar volume.  
VIX down .77 at 18.77
QQQ down 1.81, -.50% at 361.16
 
 
CVX, IBM, UNH, GS led the DJIA, 12 advancers, -14
APA, HES, EOG, COP led the SPX, 188 advancers.
BIDU, JD, PCAR, EA led the NDX, 28 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: DIA, SPY, QQQ, IWM,
 
SPY = MACD divergence bounce pause
DIA = MACD divergence bounce pause
QQQ = MACD divergence bounce pause
IWM = channel bounce up pause
 
Two of eleven sectors were higher, on Friday, led by XLE, XLF and XLI.
 
Energy leaders: APA, HES, EOG, COP
Financial leaders: CB, BK, NTRS, AJG
Industrials leaders: UNP, PCAR, NSC, NOC
 
Advancers weakened on Friday as decliners led 1,790 to 1,464 on the NYSE and led 2,686 to 1,747 on the NASDAQ.
 
The SPY MFC green line is pointed up at 29.8 and is bullish.  SPY is a MACD divergence bounce pause. 
 
 
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 a little.
 
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Up
 
28 of 100 NDX stocks closed higher on Friday.
 
28 NDX stocks are above their 30 DMA:  NFLX, TSLA, BKNG, MTCH, MAR, FOXA, SGEN, TCOM, KHC, DLTR, PAYX, ADP, CSX, ORLY, TEAM, TXN, CTAS, MRVL, NTES, PEP, VRSK, EBAY, KDP, XLNX, BIDU, EA, JD, SPLK,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 4
BIDU, EA, JD, SPLK,  
 
Moving Below 30 DMA = 3
AMD, INTC, SIRI,
 
Add Comments here: