QQQ New All-time Closing High...SPY Matches All-time Closing High as DIA, IWM Pause after Highs on Tuesday...

  
© 2020
 
 
NDX +72.24.71, +0.57%, a horizontal resistance breakout. 
 
SPX +6.55, +0.18%, closed at 3,701, a bull flag bounce continuation. 
 
Five of eleven sectors were higher on Wednesday, led by XLK, XLY and XLP. 
 
Technology leaders: PYPL, NOW, INTU, MSFT
Consumer Discretionary leaders: CMG, KMX, EBAY, HAS
Consumer Staples leaders: EL, MO, BF/B, PM
 
SPY up 0.58 at 370.17 on 58.4 million shares, below average volume, up on lower volume.
VIX down .39 at 22.50
 
MSFT, CRM, INTC, HD led the DJIA, 9 advancers, -16
CMG, NOW, EL, KMX led the SPX, 210 advancers
BMRN, WDAY, PYPL, NTES led the NDX, 54 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY,
Down: DIA, IWM,
 
Advancers weakened on Wednesday as decliners led 1,685 to 1,453 on the NYSE and led 1,938 to 1,787 on the NASDAQ
 
The SPY MFC green line turned at 92.4 and is bullish.  Price action is a bull flag bounce continuation.
 
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
 
54 of 100 NDX stocks closed higher on Wednesday.
 
81 NDX stocks are above their 30 DMA:   ADP, XLNX, SIRI, ALGN, PDD, EXPE, NXPI, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, WBA, ASML, BKNG, FISV, INTU, MNST, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CSCO, PEP, AVGO, MELI, LBTYA, ADSK, KHC, AMD, FOXA, TSLA, DLTR, TTWO, PYPL, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, VRSN, NFLX, DOCU, CHKP, SGEN, CERN, BMRN, DXCM, IDXX, CPRT, ALXN, AMZN, EBAY, INCY, LULU, QCOM, TCOM, EXC, PAYX, SWKS, MSFT, ORLY, WDAY,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 3
MSFT, ORLY, WDAY,
 
Moving Below 30 DMA = 3
AMGN, CSX, MDLZ,
 
 
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IWM, DIA New All-time Closing Highs as SPY, QQQ Bounce, Broad Rally as All Sectors Rise...

 
© 2020
 
 
NDX +133.71, +1.07%, a bull flag bounce continuation. 
 
SPX +47.13, +1.29%, closed at 3,694, a bull flag bounce trigger. 
 
All eleven sectors were higher on Tuesday, led by XLU, XLE and XLB. 
 
Utilities leaders: EXC, FE, AWK, NRG
Energy leaders: HAL, FTI, HES, PXD
Basic Materials leaders: DD, WRK, ECL, MLM
 
SPY up 4.93 at 369.59 on 64.0 million shares, just below average volume, up on lower volume.
VIX down 1.83 at 22.89
 
AAPL, DIS, TRV, NKE led the DJIA, 25 advancers, +19
WYNN, LLY, HAL, KIM led the SPX, 451 advancers
BIDU, EBAY, WDC, EXC led the NDX, 79 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, SPY, DIA, QQQ,
Down:
 
Advancers strengthened on Tuesday as advancers led 2,367 to 783 on the NYSE and led 2,599 to 1,144 on the NASDAQ
 
The SPY MFC green line is pointed down at 91.2 and is counter-trend defensive.  Price action is a bull flag bounce.
 
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
 
79 of 100 NDX stocks closed higher on Tuesday.
 

81 NDX stocks are above their 30 DMA:   ADP, XLNX, SIRI, ALGN, PDD, EXPE, NXPI, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, WBA, ASML, BKNG, FISV, INTU, MNST, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CSCO, PEP, AVGO, MELI, LBTYA, ADSK, KHC, AMD, FOXA, TSLA, DLTR, TTWO, PYPL, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, VRSN, NFLX, DOCU, CHKP, SGEN, CERN, BMRN, DXCM, IDXX, CPRT, ALXN, AMGN, AMZN, EBAY, INCY, LULU, QCOM, TCOM, CSX, EXC, MDLZ, PAYX, SWKS,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 5
CSX, EXC, MDLZ, PAYX, SWKS,
 
Moving Below 30 DMA = 4
CHTR, COST, MSFT, WDAY,
 
 
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NDX Bull Flag Bounce Leads as SPX Bounce Momentum Stalls and Finishes Lower...Tech Sector Leads...

 
© 2020
 
 
NDX +86.80, +0.70, bounced after a three-day bull flag setup.
 
SPX -15.97, +0.44, closed at 3,647, a four-day bull flag setup. 
 
Two of eleven sectors were higher on Monday, led by XLK, XLY and XLC. 
 
Technology leaders: XLNX, VNT, AMD, GLW
Consumer Discretionary leaders: EFX, UPS, CPRT, HII
Communication Services leaders: NFLX, ATVI, TTWO, LUMN
 
SPY down 1.64 at 364.66 on 69.2 million shares, average volume, down on higher volume.
VIX up 1.41 at 24.72
 
MCD, INTC, AMGN, V led the DJIA, 6 advancers, -2
ROL, NFLX, XLNX, ABMD led the SPX, 135 advancers
ALXN, INCY, TSLA, REGN led the NDX, 68 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ,
Down: IWM, SPY, DIA,
 
Advancers were mixed on Monday as decliners led 1,929 to 1,217 on the NYSE and led 1,906 to 1,817 on the NASDAQ
 
The SPY MFC green line is pointed down at 91.6 and is counter-trend defensive.  Price action is a four-day pullback, bull flag.
 
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: Down a little
 
52 of 100 NDX stocks closed higher on Monday.
 
80 NDX stocks are above their 30 DMA:   ADP, XLNX, SIRI, ALGN, PDD, EXPE, NXPI, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, WBA, ASML, BKNG, FISV, INTU, MNST, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, PEP, AVGO, COST, MELI, LBTYA, ADSK, KHC, AMD, FOXA, TSLA, DLTR, TTWO, PYPL, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, VRSN, NFLX, DOCU, CHKP, SGEN, CERN, BMRN, DXCM, IDXX, CPRT, ALXN, AMGN, AMZN, EBAY, INCY, LULU, MSFT, QCOM, TCOM, WDAY,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 10
ALXN, AMGN, AMZN, EBAY, INCY, LULU, MSFT, QCOM, TCOM, WDAY,
 
Moving Below 30 DMA = 4
CSX, GOOGL, MDLZ, PAYX,
 
 
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SPY, QQQ, DIA, IWM Form 3-day Bull Flag Price Pattern...DIS Soars to New High Leads DJI Higher...

  
© 2020
 
 
NDX -26.33, -0.21, formed a three-day bull flag setup. 
 
SPX -4.64, -0.13, closed at 3,663, a three-day bull flag setup. 
 
Five of eleven sectors were higher on Friday, led by XLC, XLI and XLP. 
 
Communication Services leaders: DIS, LUMN, TTWO, IPG
Industrials leaders: EFX, UPS, CPRT, HII
Consumer Staples leaders: KMB, HRL, ADM, LW
 
SPY down 0.43 at 366.30 on 57.7 million shares, below average volume, down on similar volume.
VIX up .79 at 23.31
 
DIS, MSFT, HON, PG led the DJIA, 8 advancers, -1
ETSY, EFX, UPS, BIO led the SPX, 188 advancers
SGEN, BMRN, CPRT, BIDU led the NDX, 52 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: DIA,
Down: SPY, QQQ, IWM,
 
Advancers weakened on Friday as decliners led 1,815 to 1,313 on the NYSE and led 2,220 to 1,485 on the NASDAQ
 
The SPY MFC green line is pointed down at 93.9 and is counter-trend defensive.  Price action is a three-day pullback, bull flag.
 
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: Down a little
 
52 of 100 NDX stocks closed higher on Friday.
 
74 NDX stocks are above their 30 DMA:   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, FISV, INTU, MNST, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, MELI, LBTYA, ADSK, KHC, AMD, FOXA, TSLA, DLTR, TTWO, PYPL, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, VRSN, NFLX, DOCU, CHKP, SGEN, CERN, BMRN, DXCM, IDXX, CPRT,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 1
CPRT,
 
Moving Below 30 DMA = 6
AMGN, EBAY, LULU, QCOM, SWKS, TCOM,
 
 
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RUT Makes All-time Closing High as SPX, NDX, DJI form Two-day Bull Flag Setup...

 
© 2020
 
 
 Aribnb, ABNB priced its IPO at $68 and opened at 146 on Thursday.
 
 
NDX +37.10, +0.30%, bounced and formed a two-day bull flag setup. 
 
SPX -4.72, -0.13, closed at 3,668, a two-day bull flag setup. 
 
Four of eleven sectors were higher on Thursday, led by XLE, XLF and XLK. 
 
Energy leaders: SWN, OXY, APA, HES
Financials leaders: C, SYF, MSCI, AJG
Technology leaders: FLT, PYPL, AMD, STX
 
SPY down 0.12 at 366.73 on 57.7 million shares, below average volume, down on lower volume.
VIX up .25 at 22.52
 
CVX, TRV, AAPL, CRM led the DJIA, 9 advancers, -6
SWN, OXY, APA, TWTR led the SPX, 196 advancers
SBUX, PDD, BIDU, DXCM led the NDX, 46 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, QQQ,
Down: SPY, DIA,
 
Advancers strengthened on Thursday as advancers led 1,664 to 1,447 on the NYSE and led 2,275 to 1,402 on the NASDAQ
 
The SPY MFC green line is pointed down at 95.9 and is counter-trend defensive.  Price action is a two-day pullback, breakout test, bull flag.
 
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: Down a little
 
46 of 100 NDX stocks closed higher on Thursday.
 
79 NDX stocks are above their 30 DMA:   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, 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, PYPL, EBAY, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, VRSN, NFLX, SWKS, AMGN, DOCU, CHKP, SGEN, CERN, BMRN, DXCM, IDXX,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 3
BMRN, DXCM, IDXX,
 
Moving Below 30 DMA = 2
CTAS, FB,
 
 
 
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Tech Sector Leads SPX, NDX, RUT Lower on Wednesday after Record Highs on Tuesday...

 

© 2020

DoorDash, DASH opened at $182 and CS.ai, AI opened at $100 in the first day of trading on Wednesday.  Aribnb, ABNB priced its IPO at $68 and is expected to start trading on Thursday.

 
NDX -271.03, -2.15%, and forms a bearish engulfing pullback after making a new closing high six days in a row. 
 
SPX -29.43, -0.79, closed at 3,672, a pullback from its all-time closing high on Tuesday. 
 
Three of eleven sectors were higher on Wednesday, led by XLI, XLE and XLB. 
 
Industrials leaders: NLSN, GE, MAS, PNR
Energy leaders: SWN, FANG, HES, COG
Basic Materials leaders: SEE, CTVA, DD, EMN
 
SPY down 3.32 at 366.85 on 74.0 million shares, average volume, down on higher volume.
VIX up 1.59 at 22.27
 
GS, MMM, HD, JNJ led the DJIA, 15 advancers, -9
NLSN, LOW, LLY, GE led the SPX, 212 advancers
BIDU, EXPE ULTA, DLTR led the NDX, 17 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: DIA, IWM, SPY, QQQ,
 
Advancers weakened on Wednesday as advancers led 1,587 to 1,521 on the NYSE and decliners led 2,433 to 1,276 on the NASDAQ
 
The SPY MFC green line is pointed down at 97 and is counter-trend defensive.  Price action is a bearish engulfing lower close pullback.
 
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: Sideways
 
17 of 100 NDX stocks closed higher on Wednesday.
 
78 NDX stocks are above their 30 DMA:   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, PYPL, FB, EBAY, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, VRSN, NFLX, SWKS, AMGN, DOCU, CHKP, SGEN, CERN,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 0
 
 
Moving Below 30 DMA = 10
AMZN, BMRN, CDW, CPRT, DXCM, IDXX, MSFT, NTES, NVDA, WDAY,  
 
 
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