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SPX, DJI, and NDX gapped higher on the open, traded
in a range until 2:30 pm ET, and rallied (SPX more than 90 points) in
the last 90 minutes to close (NDX +3.22%, SPX
+2.43%) higher on Friday.
Earnings season:
Monday EPS reports from LHX, OTIS, TT BMO
and ARE, NXPI AMC.
Earnings Reports:
Positive reactions: V, CHTR, WY, CHD, NOW, BLL, STX, PKG, DOW, NUE, URI, AMP, MA, TSCO, RJF,
GLW, MSFT, TXN, ZION, AXP, JNJ, RTX,
LMT, PCAR, HAL, TRV, BKR, AA, UNP, PG, MS, WFC,
Neutral reactions: CL, LYB, VLO,
VRTX, CMCSA, MCD, GD, APH, MMM, IVZ, ADM, VZ, INFO, KMI, BAC, UNH, JBHT,
PLD, FAST, TFC
Negative reactions: SYF, VFC, CVX, CAT, PSX, TER, TSLA, INTC, LRCX, WHR, LVS, XLNX, CCI, FFIV, BA, FCX,
COF, ABT, ADP, ANTM, HES, KMB, MKTX NDAQ NSC, PGR ROL, T, TEL, NFLX, SIVB, HBAN, ISRG, PBCT, CSX, PPG, SLB, RF, MTB, NTRS, FITB, KEY,
AAL, DFS, UAL, USB, STT, CFG, CMA, BK, GS, PNC, SBNY, SCHW, TFC, C, BLK,
FRC, JPM
SPY up 10.71 at 441.95, on 164.4 million shares, above average volume, up on higher volume.
VIX down 2.83 at 27.66
QQQ up 10.70, +3.14% at 351.80
V, AAPL, CRM, VZ led the DJIA, 25 advancers, +8
MA, DISCA, FIS, JNPR led the SPX, 436 advancers.
TEAM, DXCM, MRNA, ZS led the NDX, 95 advancers.
The two-year trend term is up. The one-year trend is up.
Up: QQQ, SPY, IWM, DIA,
Down:
Ten of
eleven
sectors were higher on Friday, led by XLK,
XLRE and XLC.
Technology leaders: V, MA, FIS, AAPL
Real Estate leaders: CCI, WY, MAA, PLD
Communication Services leaders: DISCA, CHTR, VIAC, FOXA
Advancers strengthened on Friday as advancers led 2,270 to 1,134 on the NYSE
and led 3,153 to 1,628 on the NASDAQ.
The SPY MFC green line
is pointed up for the third straight day at 26 and is bullish. SPY opened higher, traded in a range
until 2:30 pm ET, rallied more than $9 (90 SPX points) in the last 90 minutes
to close 2.48% higher on Friday.
Uptrend sectors: XLE, XLP, XLU,
Neutral sectors: XLF, XLI, XLB, XLRE, XLV,
XLK,
Down trend sectors: XLY, XLC,
The 6-month intermediate trend is up. The
ten-day trend is down.
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Up a little
95 of 100 NDX stocks
closed higher on Friday.
13 NDX stocks are above their 30 DMA: VRTX, AEP, CERN, KDP, ATVI,
PCAR, EXC, XEL, AMGN, BKNG, INCY, PEP, REGN,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 5
AMGN, BKNG, INCY, PEP,
REGN,
Moving Below 30 DMA = 1
MDLZ,
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1 comment:
Only 13 stocks above the 30 day MA. Another piece of weight of the evidence for a bounce. Thank you for putting this together, Dave.
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