Thursday, November 18, 2021

QQQ, SPY New All-time Closing Highs...NVDA Leads SPX and NDX on EPS Beat...Discretionary, Technology, Health Care Lead Sectors...

 

© 2021
 
 
QQQ, SPY made an all-time closing high while DIA and IWM closed lower on a mixed day of trading.  
 
RIVN -22.69, -15.53% pulled back for a second day.  RIVN traded more than 460,000 contracts on its third day of options trading.
NVDA +24.14, +8.25% on positive EPS reaction.
After-hours INTU +57.06, +9.07% on positive EPS reaction.
 
Monday: trading range
Tuesday: Retails Sales beat consensus, HD, positive EPS reaction, WMT negative EPS reaction,
Wednesday: LOW, TJX positive EPS reaction,
Thursday: NVDA positive EPS reaction, CSCO negative EPS reaction, INTU, AMAT, ROST eps AMC
 
SPX closed at 4,704 and NDX closed at 16,482
 
 
SPY up 1.59 at 469.73, on 50.6 million shares, below average volume, up on higher volume.  
VIX up .48 at 17.59
QQQ up 4.12, +1.04% at 401.75
 
 
AAPL, HD, WMT, MSFT led the DJIA, 11 advancers, +4
BBWI, GPS, ETSY, CVS led the SPX, 165 advancers.
NVDA, JD AMZN, MRNA led the NDX, 50 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY,
Down: DIA, IWM,
 
SPY = BO setup
DIA = eight-day bull flag pattern
QQQ = Horizontal breakout, new high close
IWM = eight-day bull flag pattern
 
Three of eleven sectors were higher on Thursday, led by XLY, XLK and XLV.
 
Consumer Discretionary leaders: BBWI, GPS, AMZN, ETSY
Technology leaders: NVDA, AAPL, AMD, MU
Health Care leaders: MRNA, CVS, HUM, ZTS
 
Advancers were mixed on Thursday as decliners led 2,198 to 1,166 on the NYSE and led 3,171 to 1,495 on the NASDAQ.
 
The SPY MFC green line is pointed up at 94.7 and is bullish.  SPY is a BO setup and a new high close. 
 
 
Uptrend sectorsXLK, XLB, XLI, XLY, XLP, XLRE, XLE, XLF, XLV,
Neutral sectors:  XLU, XLC,
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
 
50 of 100 NDX stocks closed higher on Thursday.
 
66 NDX stocks are above their 30 DMA:  TSLA, SGEN, DLTR, PAYX, ADP, CSX, TEAM, CTAS, MRVL, NTES, PEP, VRSK, XLNX, AMD, MSFT, WDAY, ADSK, ANSS, AVGO, CPRT, CTSH, EXC, NVDA, AAPL, ADBE, COST, INTU, LULU, CDNS, DXCM, QCOM, AEP, ISRG, MDLZ, SNPS, GOOGL, REGN, ASML, ADI, AMAT, CDW, KDP, KLAC, NXPI, PTON, ROST, SIRI, CERN, OKTA, VRSN, ALGN, LRCX, MCHP, MU, AMZN, VRTX, MNST, ORLY, JD, NFLX, FB, GILD, XEL, HON, SBUX, TXN,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 3
HON, SBUX, TXN,
 
 
Moving Below 30 DMA = 3
CSCO, CMCSA, PCAR,
 
 
Add Comments here: 

No comments: