IWM, QQQ, SPY, DIA re-Bounce on Friday...SNAP up, AXP down after Earnings...Next Week, Heart of Earnings Season with Big Six...

 
© 2021
 
 
The big six TSLA, GOOGL, MSFT, AAPL, FB and AMZN report earnings next week beginning with TSLA on Monday after the close. Thirty-one percent or 155 SPX stocks will report earnings between Tuesday and Thursday next week.
 
SNAP +4.25, +7.50%, at 61.30, rose on Friday after better-than-expected revenues and earnings.  AXP -2.93, -1.92%, at 61.30, fell on Friday on negative earnings reaction.
 
 
DJI +227.59, +0.67%, closes at 34,043.  GS, BA, MSFT, UNH and JPM were the largest point gainers on Friday.
 
NDX +179.08, +1.30%, closes at 13,941.
SPX +45.19, +1.09%, ended at 4,180.
 
TSLA +1.35%, a BO test/bull flag setup.
 

SPY = bull flag bounce.
DIA = bull flag bounce.
QQQ = bull flag setup.
IWM = channel bounce continuation.

 
 
Nine of eleven sectors were higher on Friday, led by XLF, XLB and XLK.
 
Financial leaders: SIVB, CFG, FITB, KEY
Basic Materials leaders: FCX, ALB, MOS, EMN
Technology leaders: STX, XLNX, AMD, TER
 
SPY up 4.47 at 416.74, on 73.2 million shares, below average volume, up on lower volume. 
VIX down 1.38 at 17.33
 
GS, DOW, JPM, AAPL led the DJIA, 25 advancers, +21
SIVB, STX, AAL, FCX led the SPX, 404 advancers.
XLNX, AMD, SWKS, PDD led the NDX, 80 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, QQQ, SPY, DIA,
Down:
 
Advancers strengthened on Friday as advancers led 2,574 to 747 on the NYSE and led 3,143 to 1,080 on the NASDAQ.
 
The SPY MFC green line is pointed down at 90.4 and is counter-trend defensive.  SPY is a bull flag re-bounce. 
 
 
Uptrend sectors:  XLP, XLI, XLY, XLK, XLB, XLRE, XLC, XLF, XLU, XLV, XLE,
Neutral sectors: 
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 a little
 
80 of 100 NDX stocks closed higher on Friday.
 
80 NDX stocks are above their 30 DMA:   KHC, ADP, ORLY, CSCO, AEP, XEL, AMAT, EXC, FB, MDLZ, SIRI, TXN, FAST, AMGN, DLTR, PEP, CSX, MNST, COST, ASML, CERN, CDW, SBUX, ADBE, GILD, LRCX, REGN, ROST, SWKS, VRSK, VRSN, EA, TMUS, ADSK, ALGN, ANSS, CDNS, GOOGL, ISRG, MSFT, MXIM, NVDA, SNPS, AAPL, AMZN, CPRT, FISV, INTU, CHKP, DXCM, PYPL, TSLA, MELI, ALXN, DOCU, IDXX, LULU, OKTA, MRNA, TEAM, INCY, VRTX, CHTR, NTES, PAYX, CTAS, KLAC, ILMN, ZM, ADI, AMD, BKNG, MCHP, MTCH, NXPI, PDD, QCOM, SGEN, WDAY, XLNX,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 11
ADI, AMD, BKNG, MCHP, MTCH, NXPI, PDD, QCOM, SGEN, WDAY, XLNX,
 
Moving Below 30 DMA = 1
CTSH,
 
 
Add Comments here:

SPX Gives Back Wednesday's Bounce after Capital Gains Proposal...EFX, POOL, TSCO, T Rise after EPS...

  
© 2021
 
 
EFX, POOL, TSCO, T, DHR, RHI IQV, DGX, HCA and ALLE rose on Thursday after reporting better than expected earnings after the close on Wednesday or before the open this morning.
 
SNAP, +2.85, +5.00% at 59.90, drops after the close, but reverses to move higher in after-hours trading on better-than-expected revenues and earnings on Thursday.  


The DJI -321.41, -0.94%, closing at 33,815.  HD, GS, DOW and AMGN were the largest point decliners on Thursday.
 
NDX -172.79, -1.24%, closes at 13,762.
SPX -38.44, -0.92%, ended at 4,135.
 
TSLA -3.28%, a BO test/bull flag setup.
 
SPY = back to bull flag setup.
DIA = back to bull flag setup.
QQQ = back to bull flag setup.
IWM = channel bounce.
 
 
All eleven sectors were lower on Thursday, led by the least negative sectors XLRE, XLV and XLI.
 
Real Estate leaders: SBAC, PSA, CCI, EXR
Healthcare leaders: DHR, IQV, DGX, DXCM
Industrials leaders: EFX, RHI, ALLE, JBHT
 
SPY down 3.80 at 412.27, on 97.5 million shares, above average volume, down on higher volume. 
VIX up 1.21 at 18.71
 
CRM, MCD, V, MMM led the DJIA, 4 advancers, -22
EFX, POOL, TSCO, T led the SPX, 140 advancers.
LULU, PDD, NTES, DXCM led the NDX, 29 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: IWM, SPY, DIA, QQQ,
 
Advancers weakened on Thursday as decliners led 2,006 to 1,277 on the NYSE and led 2,148 to 2,028 on the NASDAQ.
 
The SPY MFC green line turned down at 91 and is counter-trend defensive.  SPY is a pulled back into a bull flag setup. 
 
 
Uptrend sectors:  XLP, XLI, XLY, XLK, XLB, XLRE, XLC, XLF, XLU, XLV, XLE,
Neutral sectors: 
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
 
29 of 100 NDX stocks closed higher on Thursday.
 
70 NDX stocks are above their 30 DMA:   KHC, ADP, ORLY, CSCO, AEP, XEL, AMAT, EXC, FB, MDLZ, CTSH, SIRI, TXN, FAST, AMGN, DLTR, PEP, CSX, MNST, COST, ASML, CERN, CDW, SBUX, ADBE, GILD, LRCX, REGN, ROST, SWKS, VRSK, VRSN, EA, TMUS, ADSK, ALGN, ANSS, CDNS, GOOGL, ISRG, MSFT, MXIM, NVDA, SNPS, AAPL, AMZN, CPRT, FISV, INTU, CHKP, DXCM, PYPL, TSLA, MELI, ALXN, DOCU, IDXX, LULU, OKTA, MRNA, TEAM, INCY, VRTX, CHTR, NTES, PAYX, CTAS, KLAC, ILMN, ZM,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 2
ILMN, ZM,
 
Moving Below 30 DMA = 11
ADI, AMD, BIIB, EBAY, MCHP, NXPI, QCOM, SGEN, WBA, WDC, XLNX,
 
 
 
Add Comments here:

IWM, SPY, DIA, QQQ Bounce after Two-day Pullback as Earning's Season Continues...

 
 
© 2021
 
 
NFLX -40.67, -7.40%, at 508.90 on earnings beat on Tuesday evening with lower-than-expected subscriber growth.
 
The DJI +316.01, +0.93%, closing at 34,137.  IBM, CAT, V and GS were the largest point gainers on Wednesday.
 
NDX +125.85, +0.91%, closes at 13,935.
SPX +38.48, +0.93%, ended at 4,173.
 
TSLA +3.50%, a re-BO and bull flag bounce.
 
SPY = bull flag bounce.
DIA = bull flag bounce.
QQQ = bull flag bounce and a re-BO.
IWM = channel bounce.
 
 
Ten of eleven sectors were higher on Wednesday, led by XLB, XLF and XLI.
 
Basic Materials leaders: DOW, MOS, LYB, DD
Financial leaders: SIVB, CFG, KEY, RF
Industrials leaders: CSX, LUV, AAL, UAL
 
SPY up 3.90 at 416.07, on 66.7 million shares, below average volume, up on lower volume. 
VIX down 1.18 at 17.50
 
IBM, DOW, NKE CAT led the DJIA, 26 advancers, +16
DISH, NCLH, DISCA, VIAC led the SPX, 415 advancers.
ISRG, MRNA, ASML, AMAT led the NDX, 84 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, SPY, DIA, QQQ,
Down:
 
Advancers strengthened on Wednesday as decliners led 2,613 to 714 on the NYSE and led 3,326 to 925 on the NASDAQ.
 
The SPY MFC green line turned up at 94.1 and is bullish.  SPY is a bull flag bounce.
 
 
Uptrend sectors:  XLP, XLI, XLY, XLK, XLB, XLRE, XLC, XLF, XLU, XLV, XLE,
Neutral sectors: 
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
 
84 of 100 NDX stocks closed higher on Wednesday.
 
79 NDX stocks are above their 30 DMA:   KHC, ADP, ORLY, CSCO, AEP, XEL, AMAT, EXC, FB, MDLZ, CTSH, SIRI, TXN, FAST, AMGN, DLTR, PEP, CSX, MNST, COST, ASML, CERN, CDW, SBUX, ADBE, EBAY, GILD, LRCX, REGN, ROST, SWKS, VRSK, VRSN, EA, TMUS, ADSK, ALGN, ANSS, CDNS, GOOGL, ISRG, MSFT, MXIM, NVDA, SNPS, AAPL, AMZN, CPRT, FISV, INTU, CHKP, DXCM, PYPL, TSLA, MELI, ALXN, DOCU, IDXX, LULU, OKTA, MRNA, TEAM, INCY, VRTX, BIIB, CHTR, NTES, PAYX, ADI, AMD, CTAS, KLAC, MCHP, NXPI, QCOM, SGEN, WBA, WDC, XLNX,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 11
ADI, AMD, CTAS, KLAC, MCHP, NXPI, QCOM, SGEN, WBA, WDC, XLNX,
 
Moving Below 30 DMA = 2
ATVI, NFLX,  
 
 
Add Comments here:

DJI, SPX, NDX Lower, forming 2-day Bull Flag Price Pattern...NFLX Down in After-hours...

 
© 2021
 
 
NFLX down -45.57, -8.29%, in after-hours at 504.00 on earnings beat with lower-than-expected subscriber growth.
 
The DJI -256.33, -0.75%, closing at 33,821.  GS, BA, NKE and CAT were the largest point decliners on Tuesday.
 
NDX -98.37, -0.71%, closes at 13,809.
SPX -28.32, -0.68%, ended at 4,135.
 
TSLA +0.61%, a re-BO and bull flag setup.
 
SPY = two-day bull flag price pattern.
DIA = two-day bull flag price pattern.
QQQ = a BO test forming a two-day bull flag pattern.
IWM = a bounce down toward support in a sideways channel.
 
 
Four of eleven sectors were higher on Tuesday, led by XLU, XLRE and XLP.
 
Utilities leaders: ATO, AEE, EVRG, WEC
Real Estate leaders: IRM, PLD, DLR, DRE
Consumer Staples leaders: CLX, PM, KMB, CHD
 
SPY down 3.04 at 412.17, on 81.7 million shares, average volume, down on slightly higher volume. 
VIX up 1.39 at 18.68
 
IBM, JNJ, UNH, AMGN led the DJIA, 10 advancers, -2
KSU, ENPH, DOV, CLX led the SPX, 185 advancers.
INCY, AEP, BIIB, XEL led the NDX, 31 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: QQQ, SPY, DIA, IWM,
 
Advancers weakened on Tuesday as decliners led 2,442 to 877 on the NYSE and led 3,237 to 1,004 on the NASDAQ.
 
The SPY MFC green line is pointed down at 94.0 and is counter-trend defensive.  SPY is a two-day bull flag pullback. 
 
 
Uptrend sectors:  XLP, XLI, XLY, XLK, XLB, XLRE, XLC, XLF, XLU, XLV, XLE,
Neutral sectors: 
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
 
31 of 100 NDX stocks closed higher on Tuesday.
 
70 NDX stocks are above their 30 DMA:   KHC, ADP, ORLY, CSCO, AEP, XEL, AMAT, EXC, FB, MDLZ, CTSH, SIRI, TXN, FAST, AMGN, DLTR, PEP, CSX, MNST, COST, ASML, CERN, CDW, SBUX, ADBE, EBAY, GILD, LRCX, REGN, ROST, SWKS, VRSK, VRSN, EA, TMUS, ADSK, ALGN, ANSS, CDNS, GOOGL, ISRG, MSFT, MXIM, NVDA, SNPS, AAPL, AMZN, ATVI, CPRT, FISV, INTU, NFLX, CHKP, DXCM, PYPL, TSLA, MELI, ALXN, DOCU, IDXX, LULU, OKTA, MRNA, TEAM, INCY, VRTX, BIIB, CHTR, NTES, PAYX,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 1
PAYX,
 
Moving Below 30 DMA = 11
ADI, AMD, BKNG, ILMN, KLAC, MCHP, MTCH, QCOM, WBA, WDAY, XLNX,
 
 
Add Comments here:

NDX, SPX, DJI Pause and Pull back after All-time High on Friday...

© 2021
 
 
The DJI -123.04, -0.36%, closing at 34,077.  BA, MSFT, NKE and TRV were the largest point decliners on Monday.
 
NDX -134.24, -0.96%, closes at 13,907.
SPX -22.21, -0.53%, ended at 4,163.
 
TSLA -3.40%, a BO test bull flag formed a hammer on Monday.
 
SPY = one-day pullback after an all-time closing high on Friday at 417.26.
DIA = one-day pullback forms hammer following all-time closing high on Friday at 341.86.
QQQ = a BO test after an all-time closing high on Friday at 342.01.
IWM = a pullback to support in a sideways channel.
 
 
Two of eleven sectors were higher on Monday, led by XLRE, XLV and XLE.
 
Real Estate leaders: PSA, EQIX, DLR, IRM
Healthcare leaders: ILMN, ALXN, ANTM, PKI
Energy leaders: APA, EOG, MRO, SLB
 
SPY down 2.05 at 415.21, on 78.4 million shares, just below average volume, down on lower volume. 
VIX up 1.04 at 17.29
 
WBA, KO, AAPL, CVX led the DJIA, 12 advancers, -12
PPG, SHW, WFC, DHI led the SPX, 169 advancers.
NFLX, TCOM, ILMN, ALXN led the NDX, 20 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: DIA, SPY, QQQ, IWM,
 
Advancers weakened on Monday as decliners led 2,193 to 1,096 on the NYSE and led 3,075 to 1,157 on the NASDAQ.
 
The SPY MFC green line is pointed down at 96.8 and is counter-trend defensive.  SPY pulled back on Monday from an all-time high. 
 
 
Uptrend sectors:  XLP, XLI, XLY, XLK, XLB, XLRE, XLC, XLF, XLU, XLV, XLE,
Neutral sectors: 
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
 
20 of 100 NDX stocks closed higher on Monday.
 
80 NDX stocks are above their 30 DMA:   KHC, ADP, ORLY, CSCO, AEP, XEL, AMAT, EXC, FB, MDLZ, CTSH, WBA, SIRI, TXN, FAST, AMGN, DLTR, PEP, CSX, MNST, COST, ASML, CERN, CDW, SBUX, ADBE, BKNG, EBAY, GILD, KLAC, LRCX, REGN, ROST, SWKS, VRSK, VRSN, EA, TMUS, ADI, ADSK, ALGN, ANSS, CDNS, GOOGL, ISRG, MCHP, MSFT, MXIM, NVDA, SNPS, AAPL, AMZN, ATVI, CPRT, FISV, INTU, NFLX, QCOM, WDAY, CHKP, DXCM, PYPL, TSLA, MELI, ALXN, DOCU, IDXX, LULU, OKTA, MRNA, TEAM, INCY, VRTX, AMD, BIIB, CHTR, XLNX, NTES, ILMN, MTCH,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 2
ILMN, MTCH,
 
Moving Below 30 DMA = 11
AVGO, CTAS, INTC, MRVL, MU, NXPI, PAYX, PCAR, PTON, SGEN, ZM,   
 
 
Add Comments here: