©
2026
As iBullyBear tells its members "the trend is up."
SPX +78.76, 6,875, we
could nickname Tuesday the Greenland selloff and Wednesday the Davos
rally. The broad market rallied after
Pres. Trump spoke at the Davos economic forum, held an interview and posted on
his social media platform and indicated that the U.S. would not use military
force in pursuit of Greenland. He also
indicated that because of productive negotiations he would not be imposing tariffs
on the EU. As media likes to use hyperbole
and dramatic words to get attention, its productive to remember many if not
most have not engaged in high level negotiation processes that affect thousands
to millions of people.
SPY traded above average 127 million shares
on Wednesday.
VIX closed -3.19, lower at 16.90.
NDX +1.36%, closed
above the high of the low day channel bounce.
DJI, 49,077, +1.21%, bull
flag bounce.
Mega caps LLY, NVDA, TSLA GOOGL, META, AAPL, AMZN rose and TSM, BRK/B, AVGO, MSFT fell on Wednesday.
Up: IWM, QQQ, DIA, SPY,
Down:
The SPY
MFC green line fell to 65.3, and
price-action closed above the high of the low day and is short-term bullish. -6.7
All
eleven sectors
were higher on Wednesday led by XLE, XLB and XLY. Technology
#6 was +1.39%.
78
of 100
NDX stocks closed higher on Wednesday.
47 NDX stocks are above their 30
DMA: ROST, MNST, PCAR, ADI,
AMAT, WDC, TXN, DXCM, ODFL, SNPS, BKNG, NXPI, MCHP, CMCSA, MAR, LIN, HON, AXON,
KLAC, LRCX, MU, ASML, GOOGL, INTC, MPWR, STX, BKR, SBUX, COST, CPRT, CTAS,
FAST, AEP, MDLZ, ORLY, AMD, AMGN, PEP, XEL, EXC, GILD, CSX, EA, FANG, FER, MELI,
VRTX,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 6
CSX, EA, FANG, FER, MELI, VRTX,
Moving Below 30 DMA = 1
CCEP,
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2 comments:
So much stupid. Yeah, Trump is gonna invade a NATO ally! I added to several stock positions and bought some 1 and 2 year bonds a 1/4 point higher than the range of the last several months. Free money!
Glad to see you back Dave. I hope all is well!
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