NDX Leads Rally as Technology Leads Sectors...

 
 
© 2021
 
 
Stocks opened higher and closed higher on Tuesday as QQQ and IWM led.  The SPX closed at 4,686 +95.08, and the NDX closed at 16,325, +479.50.
 
 
SPY up 9.49 at 468.28, on 95.8 million shares, above average volume, up on lower volume.  
VIX down 5.29 at 21.89
QQQ up 11.63, +3.01% at 397.83
 
AXP, AAPL, CRM, INTC led the DJIA, 24 advancers, -4
FTNT, AZO, NOW, FANG led the SPX, 430 advancers.
PDD, TEAM, NVDA, MRVL led the NDX, 86 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, IWM, SPY, DIA,  
Down:
 
SPY = channel bounce trigger, close above 30 dma
DIA = channel bounce continuation, close above 30 dma
QQQ = channel bounce trigger, close above 30 dma
IWM = channel bounce trigger
 
All eleven sectors were higher on Tuesday, led by XLK, XLE and XLY.
 
Technology leaders: FTNT, NVDA, NOW, NXPI
Energy leaders: FANG, DVN, MRO, OXY
Consumer Discretionary leaders: AZO, ETSY, CMG, ULTA
 
Advancers strengthened on Tuesday as advancers led 2,685 to 711 on the NYSE and led 3,583 to 1,138 on the NASDAQ.
 
The SPY MFC green line is turned up at 35.2 and is bullish.  SPY closed above the HOLD. 
 
 
Uptrend sectors:  XLK, XLY, XLRE, XLE, XLB, XLI, XLF, XLV,
Neutral sectors:  XLP, XLU,
Down trend sectors: XLC,
 
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
 
86 of 100 NDX stocks closed higher on Tuesday.
 
54 NDX stocks are above their 30 DMA:  DLTR, VRSK, XLNX, AVGO, NVDA, AAPL, COST, INTU, QCOM, KLAC, NXPI, PTON, VRSN, LRCX, MCHP, MU, GILD, VRTX, ADP, CDW, CSCO, FAST, ORLY, SNPS, TXN, XEL, CSX, MRVL, PEP, AEP, AMGN, ANSS, CTAS, CTSH, FISV, INTC, MDLZ, SBUX, WBA, ADI, ALGN, AMAT, AMD, AMZN, CDNS, CERN, EXC, GOOGL, INCY, MNST, MSFT, NTES, REGN, TMUS,
 
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 15
ADI, ALGN, AMAT, AMD, AMZN, CDNS, CERN, EXC, GOOGL, INCY, MNST, MSFT, NTES, REGN, TMUS,
 
Moving Below 30 DMA = 1
SIRI,
 
 
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IWM, DIA Lead Rally...NCLH, UAL, RCL, CCL Lead SPX...Consumer Staples, Industrials Lead Sectors...

  
© 2021
 
 
Stocks opened higher and closed higher on Monday as IWM and DIA led.  The SPX closed at 4,591 +53.24, and the NDX closed at 15,846, +134.12.
 
 
SPY up 5.37 at 458.79, on 98.9 million shares, above average volume, up on lower volume.  
VIX down 3.49 at 27.18
QQQ up 2.72, +0.80% at 386.20
 
WBA, BA, INTC, V led the DJIA, 28 advancers, +13
NCLH, UAL, RCL, CCL led the SPX, 4.31 advancers.
BIDU, DOCU, MELI, TCOM led the NDX, 77 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, SPY, QQQ,
Down:
 
SPY = channel bounce setup
DIA = channel bounce
QQQ = channel bounce setup
IWM = channel bounce setup
 
All eleven sectors were higher on Monday, led by XLP, XLI and XLC.
 
Consumer Staples leaders: SYY, KR, WBA, KO
Industrials leaders: UAL, AAL, DAL, HWM
Communication Services leaders: LYV, TWTR, FB, DISH
 
Advancers strengthened on Monday as advancers led 2,524 to 861 on the NYSE and led 3,024 to 1,729 on the NASDAQ.
 
The SPY MFC green line is pointed down at 27.6 and is short term bearish.  SPY closed above Thursday’s close. 
 
 
Uptrend sectors:  XLK, XLY, XLRE, XLE, XLF, XLV,
Neutral sectors:  XLP, XLU, XLB, XLI,
Down trend sectors: XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Up
 
77 of 100 NDX stocks closed higher on Monday.
 
40 NDX stocks are above their 30 DMA:  DLTR, VRSK, XLNX, AVGO, NVDA, AAPL, COST, INTU, QCOM, KLAC, NXPI, PTON, VRSN, LRCX, MCHP, MU, GILD, VRTX, ADP, CDW, CSCO, FAST, ORLY, SNPS, TXN, XEL, CSX, MRVL, PEP, AEP, AMGN, ANSS, CTAS, CTSH, FISV, INTC, MDLZ, SIRI, SBUX, WBA,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 11
AEP, AMGN, ANSS, CTAS, CTSH, FISV, INTC, MDLZ, SIRI, SBUX, WBA,
 
Moving Below 30 DMA = 3
AMD, MRNA, REGN,
 
 
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Stock Indexes Open Higher Close Lower...DOCU Leads NDX Lower on Negative EPS Reaction...Staples Lead Sectors...

 
© 2021
 
 
Stocks opened higher Friday, sold off most of the day and closed lower.  A rally before the close, lifted SPX, NDX and DJI above their afternoon lows.  The SPX closed at 4,538, -38.67, and the NDX closed at 15,712, -278.72.
 
Jobs Report for November was below consensus, but futures initially moved higher.

DOCU -98.73, -42.22% at 135.09 collapses on a negative earnings reaction.
MRVL +12.56, +17.68% at 83.59 gaps up on a positive earnings reaction.
 

SPY down 3.98 at 453.42, on 137.3 million shares, above average volume, down on higher volume.  
VIX up 2.72 at 30.67
QQQ down 6.78, -1.74% at 383.13
 
WBA, PG, IBM, WMT led the DJIA, 15 advancers, -8
VIAC, COO, DISCA, SWK led the SPX, 196 advancers.
MRVL, PEP, EA, TMUS led the NDX, 32 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: DIA, SPY, QQQ, IWM,
 
SPY = channel bounce setup
DIA = channel bounce setup
QQQ = re-breakout after BO test
IWM = channel bounce setup
 
Three of eleven sectors were higher on Friday, led by XLP, XLU and XLV.
 
Consumer Staples leaders: WBA, PEP, TSN, GIS
Utilities leaders: CNP, ES, WEC, ED
Health Care leaders: COO, XRAY, BAX, TFX
 
Advancers weakened on Friday as decliners led 2,443 to 912 on the NYSE and led 3,693 to 1,017 on the NASDAQ.
 
The SPY MFC green line is pointed down at 33.7 and is short term bearish.  SPY closed above Wednesday’s low. 
 
 
Uptrend sectors:  XLK, XLY, XLRE, XLE, XLF, XLV,
Neutral sectors:  XLP, XLU, XLB, XLI,
Down trend sectors: XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Down a little
 
32 of 100 NDX stocks closed higher on Friday.
 
32 NDX stocks are above their 30 DMA:  DLTR, VRSK, XLNX, AMD, AVGO, NVDA, AAPL, COST, INTU, QCOM, REGN, KLAC, NXPI, PTON, VRSN, LRCX, MCHP, MU, GILD, MRNA, VRTX, ADP, CDW, CSCO, FAST, ORLY, SNPS, TXN, XEL, CSX, MRVL, PEP,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 3
CSX, MRVL, PEP,
 
Moving Below 30 DMA = 6
ADBE, ANSS, CDNS, INCY, JD, NTES,
 
 
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RUT Leads Thursday's Rally...Financial, Industrials Lead Sectors

  
© 2021
 
 
The SPX closed at 4,577 and the NDX closed at 15,990.
 
Jobs Report for November will be released at 8:30 am ET Friday morning.
 
 
SPY up 6.90 at 457.40, on 127.6 million shares, above average volume, up on lower volume.  
VIX down 3.17 at 27.95
QQQ up 2.79, +0.79% at 389.91
 
BA, AXP, V, CRM led the DJIA, 23 advancers, +16
KR, DAL, CCL, CZR led the SPX, 454 advancers.
OKTA, MAR, CHTR, CDNS led the NDX, 73 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, SPY, QQQ,
Down:
 
SPY = channel bounce
DIA = channel bounce
QQQ = channel bounce
IWM = channel bounce
 
All eleven sectors were higher on Thursday, led by XLF, XLI and XLE.
 
Financial leaders: SIVB, FITB, CMA, SCHW
Industrials leaders: DAL, BA, AAL, ALK
Energy leaders: HES, VLO, SWN, FTI
 
Advancers strengthened on Thursday as advancers led 2,525 to 868on the NYSE and led 3,053 to 1,615 on the NASDAQ.
 
The SPY MFC green line is pointed down at 41.7 and is short term bearish.  SPY closed at last Friday’s low. 
 
 
Uptrend sectors:  XLK, XLY, XLRE, XLE, XLF, XLV,
Neutral sectors:  XLP, XLU, XLB, XLI,
Down trend sectors: XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Down
 
73 of 100 NDX stocks closed higher on Thursday.
 
35 NDX stocks are above their 30 DMA:  DLTR, NTES, VRSK, XLNX, AMD, AVGO, NVDA, AAPL, COST, INTU, QCOM, REGN, KLAC, NXPI, PTON, VRSN, LRCX, MCHP, MU, JD, GILD, MRNA, VRTX, ADBE, ADP, ANSS, CDNS, CDW, CSCO, FAST, INCY, ORLY, SNPS, TXN, XEL,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 12
ADBE, ADP, ANSS, CDNS, CDW, CSCO, FAST, INCY, ORLY, SNPS, TXN, XEL,
 
Moving Below 30 DMA = 2
AMAT, TSLA,
 
 
 
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SPX Rallies 78 Points, but Closes Lower...CRM Leads DJI Lower after Negative EPS Reaction...

 
 
© 2021
 
 
SPX opened higher and gained 78 points during the first two hours of trading.  A pullback began that accelerated after many news outlets reported the first U.S. case of the omicron variant was confirmed by the CDC.  The SPX closed at 4,513, -53.96 and NDX closed at 15,877, -258.21.
 
FOMC Chair Powell continued his Congressional testimony on the economy and Covid before the House this morning.  The FOMC has its next meeting on December 14-15.
 
 
SPY down 5.06 at 450.50, on 132.4 million shares, above average volume, down on lower volume.  
VIX up 3.93 at 31.12
QQQ down 6.70, -1.70% at 387.12
 
JNJ, PG, AMGN, MMM led the DJIA, 7 advancers, +5
NVR, LEN, HPQ, WU led the SPX, 100 advancers.
VRTX, NTES, AMAT, LRCX led the NDX, 17 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: SPY, DIA, QQQ, IWM,
 
SPY = close below Tuesday support low
DIA = close below Tuesday support low
QQQ = close at Nov 10 low, channel bounce or break of support setup
IWM = closes at Sep 20 support level
 
One of eleven sectors was higher on Wednesday, led by XLU, XLV and XLP.
 
Utilities leaders: NEE, LNT, WEC, AEE
Health Care leaders: VRTX, BMY, BDX, PFE
Consumer Staples leaders: HRL, CHD, PG, KMB
 
Advancers were mixed on Wednesday as decliners led 2,407 to 983 on the NYSE and led 3,569 to 1,136 on the NASDAQ.
 
The SPY MFC green line is pointed down at 53.6 and is defensive.  SPY closed below Tuesday’s low. 
 
 
Uptrend sectors:  XLK, XLY, XLRE, XLE, XLF, XLV,
Neutral sectors:  XLP, XLU, XLB, XLI,
Down trend sectors: XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Down
 
17 of 100 NDX stocks closed higher on Wednesday.
 
25 NDX stocks are above their 30 DMA:  TSLA, DLTR, NTES, VRSK, XLNX, AMD, AVGO, NVDA, AAPL, COST, INTU, QCOM, REGN, KLAC, NXPI, PTON, VRSN, LRCX, MCHP, MU, JD, GILD, MRNA, AMAT, VRTX,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 0
 
 
Moving Below 30 DMA = 12
ADBE, ADP, AMZN, ANSS, CDNS, FAST, INCY, LULU, MRVL, MSFT, SNPS, TXN,
 
 
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