IWM, QQQ, SPY Make New All-time Closing Highs...

© 2020
 

NDX +39.25, +0.31%, and for the sixth day in a row made a new all-time closing high. 
 
SPX +10.29, +0.28%, closed at 3,702, a bounce to a new closing high. 
 
Six of eleven sectors were higher on Tuesday, led by XLE, XLV and XLB. 
 
Energy leaders: MRO, OXY, HAL, PXD
Healthcare leaders: MTD, DXCM, PFE, PKI
Basic Materials leaders: ALB, DOW, DD, AMCR
 
SPY up 1.08 at 370.17 on 42.4 million shares, below average volume, up on lower volume.
VIX down 0.62 at 20.68
 
DOW, JNJ, MMM, AMGN led the DJIA, 24 advancers, +18
EFX, NCLH, MRO, OXY led the SPX, 291 advancers
PDD, MRNA, SPLK, DXCM led the NDX, 60 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, QQQ, SPY,
Down:
 
Advancers strengthened on Tuesday as advancers led 1,976 to 1,144 on the NYSE and led 2,380 to 1,298 on the NASDAQ
 
The SPY MFC green line is pointed up at 98.3 and is bullish.  Price action is a new closing high.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  XLRE,
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 Trend: Up
 
60 of 100 NDX stocks closed higher on Tuesday.
 
88 NDX stocks are above their 30 DMA:   IDXX, QCOM, ADP, XLNX, SIRI, ALGN, GOOGL, PDD, EXPE, NXPI, PAYX, CSX, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, WBA, ASML, BKNG, CTAS, FISV, INTU, MNST, TCOM, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, MELI, LBTYA, ADSK, KHC, AMD, FOXA, LULU, TSLA, DLTR, TTWO, BMRN, PYPL, FB, MSFT, AMZN, EBAY, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, VRSN, WDAY, NFLX, NVDA, SWKS, AMGN, DOCU, CHKP, SGEN, CDW, NTES, CERN, CPRT, DXCM,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 3
CERN, CPRT, DXCM,   
 
Moving Below 30 DMA = 0
 
 
 
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QQQ, IWM Make New All-time Closing High as SPY Closes Near Friday's S-1 Level...

 
© 2020
 
NDX +67.99, +0.54%, and for the fifth day in a row made a new all-time closing high. 
 
SPX -7.16, -0.26%, closed at 3,691, a pullback near Friday’s S-1 level. 
 
Three of eleven sectors were higher on Monday, led by XLC, XLU and XLK. 
 
Communication Services leaders: NFLX, FB, ATVI, EA
Utilities leaders: FE, CMS, AEE, ES
Technology leaders: TYL, NLOK, AVGO, SWKS
 
SPY down 0.76 at 369.09 on 48.9 million shares, below average volume, down on lower volume.
VIX up .51 at 21.30
 
BA, AAPL, NKE CRM led the DJIA, 6 advancers, -18
MKTX, LB, AAL, TYL led the SPX, 172 advancers
TSLA, MRNA, NFLX, SIRI led the NDX, 46 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, IWM,
Down: SPY, DIA,
 
Advancers weakened on Monday as decliners led 1,822 to 1,316 on the NYSE and led 1,934 to 1,758 on the NASDAQ
 
The SPY MFC green line is pointed up at 97.8 and is bullish.  Price action is a pause near S-1 of Friday’s large white candle.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  XLRE,
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 Trend: Up
 
46 of 100 NDX stocks closed higher on Monday.
 
85 NDX stocks are above their 30 DMA:   IDXX, QCOM, ADP, XLNX, SIRI, ALGN, GOOGL, PDD, EXPE, NXPI, PAYX, CSX, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, WBA, ASML, BKNG, CTAS, FISV, INTU, MNST, TCOM, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, MELI, LBTYA, ADSK, KHC, AMD, FOXA, LULU, TSLA, DLTR, TTWO, BMRN, PYPL, FB, MSFT, AMZN, EBAY, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, VRSN, WDAY, NFLX, NVDA, SWKS, AMGN, DOCU, CHKP, SGEN, CDW, NTES,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
NTES,  
 
Moving Below 30 DMA = 4
CERN, DXCM, ORLY, VRSK, 
 
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SPX, NDX, DJI, RUT Make New All-time Closing Highs on Friday...

 © 2020

NDX +61.35, +0.49%, and for the fourth day in a row made a new all-time closing high. 
 
SPX +32.40, +0.88%, closed at 3,699, made a new all-time closing high on Friday. 
 
Ten of eleven sectors were higher on Friday, led by XLE, XLB and XLRE. 
 
Energy leaders: OXY, FANG, MRO, APA
Basic Materials leaders: MOS, ALB, EMN, LYB
Real Estate leaders: SPG, WY, IRM, HST
 
SPY up 3.16 at 369.85 on 50.7 million shares, below average volume, up on higher volume.
VIX down 0.49 at 20.79
 
CAT, CVX, IBM, DOW led the DJIA, 24 advancers, +7
OXY, FANG, MRO, APA led the SPX, 409 advancers
WDC, DOCU, QCOM, MU led the NDX, 77 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, SPY, DIA, QQQ,
Down:
 
Advancers strengthened on Friday as advancers led 2,458 to 668 on the NYSE and led 2,735 to 940 on the NASDAQ
 
The SPY MFC green line is pointed up at 97.1 and is bullish.  Price action is a new all-time closing high.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  XLRE,
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 Trend: Up
 
77 of 100 NDX stocks closed higher on Friday.
 
88 NDX stocks are above their 30 DMA:   IDXX, QCOM, ADP, XLNX, SIRI, ALGN, GOOGL, PDD, EXPE, NXPI, PAYX, CSX, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, WBA, ASML, BKNG, CTAS, FISV, INTU, MNST, TCOM, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, MELI, LBTYA, ADSK, KHC, AMD, FOXA, LULU, TSLA, DLTR, TTWO, CERN, BMRN, PYPL, FB, MSFT, AMZN, EBAY, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, VRSN, WDAY, NFLX, NVDA, SWKS, AMGN, DOCU, CHKP, DXCM, SGEN, CDW, ORLY, VRSK,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 3
CDW, ORLY, VRSK,  
 
Moving Below 30 DMA = 1
JD,
 
 
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NDX Inches to a New All-time High as RUT, DJI Gain and SPX Pauses...PFE Supply Chain News Fuels a Modest Pullback...

© 2020 

A late pullback was correlated with an announcement from PFE that scaling up its raw material supply chain for its Covid-19 vaccine took longer than expected and it would ship half of the doses it had planned for this year. 
 
This is for practical purposes a non-issue as only about 50 million doses were originally planned to deliver in 2020 on a planet with more than 7.7 billion people.  That’s less than .7 of 1% of the population.  More than 99% of the world’s population was not receiving a vaccine dose in 2020 and that’s still the case.
 
Perhaps more significant is the fact that the S&P futures only sold off about 20 points on the news and then recovered half of that in the next several minutes by the close.  Net change about 10 points, a modest fluctuation.  Doesn’t seem that institutions perceived a need to significantly reprice the market on the news.
 
 
NDX +10.72, +0.09%, and for the third day in a row made a new all-time closing high. 
 
SPX -2.29, -0.06%, closed at 3,666, pausing on Thursday after making a new all-time closing high on Tuesday and Wednesday. 
 
Six of eleven sectors were higher on Thursday, led by XLE, XLRE and XLY. 
 
Energy leaders: APA, HES, BKR, PXD
Real Estate leaders: SLG, CBRE, SPG, EQR
Consumer Discretionary leaders: RL, NCLH, CCL, MHK
 
SPY up 0.77 at 366.79 on 45.9 million shares, below average volume, up on lower volume.
VIX up 0.40 at 21.17
 
WBA, BA, INTC, KO led the DJIA, 17 advancers, -5
RCL, NCLH, AAL, CCL led the SPX, 286 advancers
MRNA, TCOM, DOCU, SNPS led the NDX, 58 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, QQQ,
Down: SPY,
 
Advancers strengthened on Thursday as advancers led 2,033 to 1,084 on the NYSE and led 2,178 to 1,432 on the NASDAQ
 
The SPY MFC green line is pointed up at 96.7 and is bullish.  Price action is a pause in its breakout continuation trend.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  XLRE,
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 Trend: Up
 
58 of 100 NDX stocks closed higher on Thursday.
 
86 NDX stocks are above their 30 DMA:   IDXX, QCOM, ADP, XLNX, SIRI, ALGN, GOOGL, PDD, EXPE, NXPI, PAYX, CSX, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, WBA, ASML, BKNG, CTAS, FISV, INTU, MNST, TCOM, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, MELI, LBTYA, ADSK, KHC, AMD, FOXA, LULU, TSLA, DLTR, TTWO, CERN, BMRN, PYPL, FB, MSFT, AMZN, EBAY, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, VRSN, WDAY, NFLX, NVDA, SWKS, AMGN, DOCU, CHKP, DXCM, JD, SGEN,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 4
CHKP, DXCM, JD, SGEN,
 
Moving Below 30 DMA = 3
ALXN, SPLK, VRSK,
 
 
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SPX, NDX Inch to a New All-time Closing High...

 © 2020
 
 
NDX +1.07, +0.01%, closed above its September 2 high again at a new all-time closing high. 
 
SPX +6.56, +0.18%, closed at 3,669, and for the second day in a row closed above its November 9 resistance at a new all-time closing high. 
 
Six of eleven sectors were higher on Wednesday, led by XLE, XLF and XLC. 
 
Energy leaders: HFC, VLO, APA, DVN
Financial leaders: ZION, C, LNC, WFC
Communication Services leaders: GCI, DIS, LYV, DISCA
 
SPY up 0.77 at 366.79 on 45.9 million shares, below average volume, up on lower volume.
VIX up 0.40 at 21.17
 
BA, WBA, DIS, CVX led the DJIA, 22 advancers, -1
NTAP, HFC, VLO, APA led the SPX, 272 advancers
PDD, LBTYA, MU, LRCX led the NDX, 52 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: DIA, SPY, QQQ, IWM,
Down:
 
Advancers weakened on Wednesday as advancers led 1,870 to 1,251 on the NYSE and led 1,990 to 1,654 on the NASDAQ
 
The SPY MFC green line is pointed up at 96.5 and is bullish.  Price action is a breakout continuation to an all-time closing high.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  XLRE,
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 Trend: Up
 
52 of 100 NDX stocks closed higher on Wednesday.
 
85 NDX stocks are above their 30 DMA:   IDXX, QCOM, ADP, XLNX, SIRI, ALGN, GOOGL, PDD, EXPE, NXPI, PAYX, CSX, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, VRSK, WBA, ASML, BKNG, CTAS, FISV, INTU, MNST, TCOM, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, MELI, LBTYA, ADSK, KHC, AMD, FOXA, LULU, TSLA, DLTR, TTWO, CERN, BMRN, PYPL, FB, MSFT, AMZN, EBAY, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, SPLK, VRSN, WDAY, NFLX, NVDA, SWKS, ALXN, AMGN, DOCU,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 3
ALXN, AMGN, DOCU,
 
Moving Below 30 DMA = 6
CDW, CHKP, INCY, JD, NTES, ORLY,
 
 
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Breakout: SPX, NDX New All-time Closing Highs...

 
© 2020
 
The rally broke out to a new all-time high on Tuesday. 
 
The DJIA 29,823 gained 185 points on day four of a breakout test in its bull flag setup
 
NDX +187.01, +1.52%, closed above its September 2 high at a new all-time closing high. 
 
SPX +40.82, +1.13%, closed at 3,662, and broke above the November 9 horizontal resistance to a new all-time closing high. 
 
Ten of eleven sectors were higher on Tuesday, led by XLC, XLF and XLK. 
 
Communication Services leaders: FOXA, LYV, FB, VIAC
Financial leaders: LNC, DFS, CINF, COF
Technology leaders: FLIR, WDC, MU, TER
 
SPY up 3.96 at 366.02 on 74.5 million shares, average volume, up on lower volume.
VIX up 0.20 at 20.77
 
AAPL, TRV, INTC, JNJ led the DJIA, 23 advancers, +13
LNC FLIR, DFS, CINF led the SPX, 376 advancers
WDC, MU, FOXA, SGEN led the NDX, 84 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, IWM, DIA,
Down:
 
Advancers strengthened on Tuesday as advancers led 2,198 to 925 on the NYSE and led 2,128 to 1,542 on the NASDAQ
 
The SPY MFC green line is pointed up at 96.4 and is bullish.  Price action is a breakout to an all-time closing high.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  XLRE,
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 Trend: Up
 
84 of 100 NDX stocks closed higher on Tuesday.
 
88 NDX stocks are above their 30 DMA:   IDXX, QCOM, ADP, XLNX, SIRI, ALGN, GOOGL, PDD, EXPE, NXPI, PAYX, CSX, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, VRSK, WBA, ASML, BKNG, CTAS, FISV, INTU, MNST, TCOM, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, JD, MELI, LBTYA, ADSK, KHC, AMD, FOXA, LULU, TSLA, DLTR, NTES, TTWO, CERN, BMRN, PYPL, FB, MSFT, AMZN, EBAY, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, SPLK, VRSN, WDAY, NFLX, NVDA, CDW, CHKP, INCY, ORLY, SWKS,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 5
CDW, CHKP, INCY, ORLY, SWKS,
 
Moving Below 30 DMA = 2
DOCU, ZM,
 
 
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