QQQ, SPY New All-time Closing Highs...NVDA Leads SPX and NDX on EPS Beat...Discretionary, Technology, Health Care Lead Sectors...

 

© 2021
 
 
QQQ, SPY made an all-time closing high while DIA and IWM closed lower on a mixed day of trading.  
 
RIVN -22.69, -15.53% pulled back for a second day.  RIVN traded more than 460,000 contracts on its third day of options trading.
NVDA +24.14, +8.25% on positive EPS reaction.
After-hours INTU +57.06, +9.07% on positive EPS reaction.
 
Monday: trading range
Tuesday: Retails Sales beat consensus, HD, positive EPS reaction, WMT negative EPS reaction,
Wednesday: LOW, TJX positive EPS reaction,
Thursday: NVDA positive EPS reaction, CSCO negative EPS reaction, INTU, AMAT, ROST eps AMC
 
SPX closed at 4,704 and NDX closed at 16,482
 
 
SPY up 1.59 at 469.73, on 50.6 million shares, below average volume, up on higher volume.  
VIX up .48 at 17.59
QQQ up 4.12, +1.04% at 401.75
 
 
AAPL, HD, WMT, MSFT led the DJIA, 11 advancers, +4
BBWI, GPS, ETSY, CVS led the SPX, 165 advancers.
NVDA, JD AMZN, MRNA led the NDX, 50 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY,
Down: DIA, IWM,
 
SPY = BO setup
DIA = eight-day bull flag pattern
QQQ = Horizontal breakout, new high close
IWM = eight-day bull flag pattern
 
Three of eleven sectors were higher on Thursday, led by XLY, XLK and XLV.
 
Consumer Discretionary leaders: BBWI, GPS, AMZN, ETSY
Technology leaders: NVDA, AAPL, AMD, MU
Health Care leaders: MRNA, CVS, HUM, ZTS
 
Advancers were mixed on Thursday as decliners led 2,198 to 1,166 on the NYSE and led 3,171 to 1,495 on the NASDAQ.
 
The SPY MFC green line is pointed up at 94.7 and is bullish.  SPY is a BO setup and a new high close. 
 
 
Uptrend sectors:  XLK, XLB, XLI, XLY, XLP, XLRE, XLE, XLF, XLV,
Neutral sectors:  XLU, XLC,
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
 
50 of 100 NDX stocks closed higher on Thursday.
 
66 NDX stocks are above their 30 DMA:  TSLA, SGEN, DLTR, PAYX, ADP, CSX, TEAM, CTAS, MRVL, NTES, PEP, VRSK, XLNX, AMD, MSFT, WDAY, ADSK, ANSS, AVGO, CPRT, CTSH, EXC, NVDA, AAPL, ADBE, COST, INTU, LULU, CDNS, DXCM, QCOM, AEP, ISRG, MDLZ, SNPS, GOOGL, REGN, ASML, ADI, AMAT, CDW, KDP, KLAC, NXPI, PTON, ROST, SIRI, CERN, OKTA, VRSN, ALGN, LRCX, MCHP, MU, AMZN, VRTX, MNST, ORLY, JD, NFLX, FB, GILD, XEL, HON, SBUX, TXN,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 3
HON, SBUX, TXN,
 
 
Moving Below 30 DMA = 3
CSCO, CMCSA, PCAR,
 
 
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QQQ Rises as SPY, DIA, IWM Pause...Real Estate, Discretionary, Health Care Lead Sectors...NVDA Gains on Positive EPS Reaction after-hours...

 
© 2021
 
 
QQQ closed higher while SPY, DIA and IWM closed lower.   
 
RIVN -25.94, -15.08% pulled back after five straight days of gains.  RIVN traded more than 400,000 contracts on its second day of options trading.
TJX +4.05, +5.83% on positive EPS reaction.
After-hours NVDA +15.10, +5.16% on positive EPS reaction.
 

Monday: trading range
Tuesday: HD, gapped up, WMT gapped down on EPS, Retails Sales beat consensu
Wednesday: LOW, TGT, TJX eps BMO, CSCO, NVDA eps AMC
Thursday: AMAT, ROST eps AMC
 
SPX closed at 4,688 and NDX closed at 16,308
 
 
SPY down 1.14 at 468.14, on 47.8 million shares, below average volume, up on lower volume.  
VIX up .74 at 17.11
QQQ up .21, +0.05% at 397.63
 
 
AAPL, HD, JNJ, BA led the DJIA, 7 advancers, -5
TJX, GM, WELL, PFE led the SPX, 162 advancers.
MRNA, TSLA, CRWD, MAR led the NDX, 37 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, DIA, IWM,
Down:
 
SPY = bull flag bounce continuation pause
DIA = seven-day bull flag pattern
QQQ = bull flag bounce continuation
IWM = seven-day bull flag pattern
 
Four of eleven sectors were higher on Wednesday, led by XLRE, XLY and XLV.
 
Real Estate leaders: WELL, CCI, PEAK, PSA
Consumer Discretionary leaders: TJX, TSLA, GM, DHI
Health Care leaders: MRNA, PFE, BDX, CNC
 
Advancers weakened on Wednesday as decliners led 2,228 to 1,116 on the NYSE and led 3,231to 1,497 on the NASDAQ.
 
The SPY MFC green line is pointed up at 92.1 and is bullish.  SPY is a bull flag bounce continuation pause. 
 
 
Uptrend sectors:  XLK, XLB, XLI, XLY, XLP, XLRE, XLE, XLF, XLV,
Neutral sectors:  XLU, XLC,
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
 
37 of 100 NDX stocks closed higher on Wednesday.
 
66 NDX stocks are above their 30 DMA:  TSLA, SGEN, DLTR, PAYX, ADP, CSX, PCAR, TEAM, CTAS, MRVL, NTES, PEP, VRSK, XLNX, AMD, MSFT, WDAY, ADSK, ANSS, AVGO, CPRT, CTSH, EXC, NVDA, AAPL, ADBE, COST, INTU, LULU, CDNS, DXCM, QCOM, AEP, ISRG, MDLZ, SNPS, CSCO, GOOGL, REGN, ASML, ADI, AMAT, CDW, KDP, KLAC, NXPI, PTON, ROST, SIRI, CERN, OKTA, VRSN, ALGN, LRCX, MCHP, MU, AMZN, VRTX, MNST, ORLY, JD, NFLX, FB, CMCSA, GILD, XEL,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 3
CMCSA, GILD, XEL,
 
 
Moving Below 30 DMA = 7
BIDU, EA, EBAY, HON, KHC, PDD, WBA,
 
 
 
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SPX within One Point of Nov 5 Closing High...Discretionary, Technology Lead Sectors...HD, NKE, PTON, QCOM Lead DJI, SPX, NDX......

 
 
© 2021
 
SPY made an all-time closing high, while SPX closed less than one point below its all-time closing high 4,701.70 on Nov 5.    
 
RIVN +22.65, +15.16% fifth trading day, traded more that 301,000 contracts today, its first day of options trading.
HD +21.25, +5.73% on positive EPS reaction.
 
Monday: trading range
Tuesday: HD, gapped up, WMT gapped down on EPS, Retails Sales beat consensu
Wednesday: LOW, TGT, TJX eps BMO, CSCO, NVDA eps AMC
Thursday: AMAT, ROST eps AMC
 
 
SPX closed at 4,700, less than one point from its all-time closing high on Nov 5 and NDX closed at 16,309
 
 
SPY up 1.85 at 469.28, on 48.8 million shares, below average volume, up on higher volume.  
VIX down .12 at 16.37
QQQ up 2.81, +0.71% at 397.42
 
 
HD, NKE, V, MSFT led the DJIA, 12 advancers, -1
IQV, FTI, ETSY, WST led the SPX, 262 advancers.
PTON, QCOM, TSLA, AMD led the NDX, 63 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, DIA, IWM,
Down:
 
SPY = bull flag bounce continuation
DIA = five-day bull flag pattern
QQQ = bull flag bounce continuation
IWM = six-day bull flag pattern
 
Five of eleven sectors were higher on Tuesday, led by XLY, XLK and XLV.
 
Consumer Discretionary leaders: HD, ETSY, LOW, TSLA
Technology leaders: QCOM, AMD, INTU, ENPH
Health Care leaders: IQV, WST, CRL, CTLT
 
Advancers were mixed on Tuesday as decliners led 1,810 to 1,503 on the NYSE and led 2,529 to 2,143 on the NASDAQ.
 
The SPY MFC green line is turned up at 90.1 and is bullish.  SPY is a bull flag bounce continuation and a new all-time closing high. 
 
 
Uptrend sectors:  XLK, XLB, XLI, XLY, XLP, XLRE, XLE, XLF, XLV,
Neutral sectors:  XLU, XLC,
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
 
63 of 100 NDX stocks closed higher on Tuesday.
 
69 NDX stocks are above their 30 DMA:  TSLA, SGEN, DLTR, PAYX, ADP, CSX, TEAM, CTAS, MRVL, NTES, PEP, VRSK, XLNX, AMD, MSFT, WDAY, ADSK, ANSS, AVGO, CPRT, CTSH, EXC, NVDA, AAPL, ADBE, COST, INTU, LULU, CDNS, DXCM, QCOM, AEP, ISRG, MDLZ, SNPS, CSCO, GOOGL, REGN, ASML, ADI, AMAT, CDW, HON, KDP, KLAC, NXPI, PTON, ROST, SIRI, CERN, OKTA, VRSN, ALGN, KHC, LRCX, MCHP, MU, AMZN, VRTX, WBA, MNST, ORLY, BIDU, EA, JD, NFLX, FB, EBAY, PDD,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 2
EBAY, PDD,
 
Moving Below 30 DMA = 4
GILD, MELI, TCOM, XEL,
 
 
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SPY, QQQ, DIA Narrow Trading Range on Monday...DLTR Hits All-time High...Utilities, Energy Lead Sectors...

 
 
© 2021
 

SPY, QQQ, DIA gapped higher, filled the gap, traded in a range and closed flat for Monday.  SPY, QQQ paused after their bull flag bounce on Friday.  DIA, IWM are still bull flag setups.  Retail earnings kick off with HD and WMT before the open on Tuesday.
 
RIVN +19.41, +14.94% fourth trading day.
DLTR +16.15, +14.28% breaks out of five year trading range and makes all-time high after report that activist investor Mantle Ridge has a $1.8B position.  DB, RS Capital upgrade and raise price target while MS, UBS, Loop Capital, Evercore ISI raise their price targets on the stock.
 

Monday: trading range
Tuesday: HD, WMT eps BMO, Retails Sales 8:30 am ET
Wednesday: LOW, TGT, TJX eps BMO, CSCO, NVDA eps AMC
Thursday: AMAT, ROST eps AMC
 
 
SPX closed at 4,682, and NDX closed at 16,189
 
 
SPY up .16 at 467.43, on 46.9 million shares, below average volume, up on lower volume.  
VIX up .20 at 16.49
QQQ down .09, -0.02% at 394.61
 
 
BA, CVX, MCD, CSCO led the DJIA, 13 advancers, -6
WYNN, LVS, TSN, ETR led the SPX, 280 advancers.
DLTR, ZM, REGN, MELI led the NDX, 49 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: SPY,
Down: DIA, QQQ, IWM,
 
SPY = bull flag bounce continuation
DIA = five-day bull flag pattern
QQQ = bull flag bounce pause
IWM = five-day bull flag pattern
 
Six of eleven sectors were higher, and one was unchanged on Monday, led by XLU, XLE and XLRE.
 
Utilities leaders: ETR, NRG, ED, WEC
Energy leaders: SWN, CVX, PSX, BKR
Real Estate leaders: DLR, IRM, EQIX, VNO
 
Advancers weakened on Monday as decliners led 1,818 to 1,530 on the NYSE and led 2,609 to 2,098 on the NASDAQ.
 
The SPY MFC green line is pointed down at 89.2 and is counter-trend defensive.  SPY is a bull flag bounce continuation. 
 
 
Uptrend sectors:  XLY, XLK, XLB, XLI, XLP, XLRE, XLE, XLF, XLV,
Neutral sectors:  XLC, XLU,
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
 
49 of 100 NDX stocks closed higher on Monday.
 
71 NDX stocks are above their 30 DMA:  TSLA, SGEN, DLTR, PAYX, ADP, CSX, TEAM, CTAS, MRVL, NTES, PEP, VRSK, XLNX, AMD, MSFT, WDAY, ADSK, ANSS, AVGO, CPRT, CTSH, EXC, NVDA, AAPL, ADBE, COST, INTU, LULU, CDNS, DXCM, QCOM, AEP, ISRG, MDLZ, SNPS, CSCO, GOOGL, REGN, ASML, ADI, AMAT, CDW, HON, KDP, KLAC, NXPI, PTON, ROST, SIRI, CERN, OKTA, VRSN, ALGN, KHC, LRCX, MCHP, MU, AMZN, VRTX, WBA, MNST, ORLY, MELI, GILD, BIDU, EA, JD, NFLX, TCOM, FB, XEL,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
XEL,
 
Moving Below 30 DMA = 5
AMGN, CRWD, PDD, SPLK, SWKS,
 
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SPY, QQQ Bull Flag Bounce...FB Leads QQQ...Communication Services, Technology Lead Sectors...

 
 
© 2021
 

SPX, NDX, opened higher, closed higher and both were bull flag bounces after a three day pull back.  DIA, IWM are bull flag setups.
 
RIVN +6.96, +5.66% third trading day.
 
 
Monday: RUT, DJIA, SPX all-time closing high
Tuesday: TSLA Selloff, Flag pullbacks
Wednesday: CPI report BMO, higher than expected, futures pulled back.
Thursday: Veteran’s Day, light volume SPY trading
Friday: bull flag bounce SPY, QQQ
 
SPX closed at 4,682, and NDX closed at 16,199
 
 
SPY up 3.50 at 467.27, on 53.4 million shares, below average volume, up on lower volume.  
VIX down 1.07 at 16.29
QQQ up 4.11, +1.05% at 394.70
 
 
MMM, AAPL, HD, MSFT led the DJIA, 19 advancers, +7
ETSY, CZR, LH, SWK led the SPX, 328 advancers.
FB, DOCU, NFLX, MU led the NDX, 74 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, DIA, IWM,
Down:
 
SPY = bull flag bounce
DIA = four -day bull flag
QQQ = bull flag bounce
IWM = four-day bull flag
 
Eight of eleven sectors were higher, and one was unchanged on Friday, led by XLC, XLK and XLI.
 
Communication Services leaders: FB, NFLX, ATVI, GOOGL
Technology leaders: MU, INTU, PYPL, WDC, STX
Industrials leaders: MAS, FBHS, AOS, CARR
 
Advancers weakened slightly on Friday as advancers led 1,813 to 1,539 on the NYSE and led 2,515 to 2,177 on the NASDAQ.
 
The SPY MFC green line is pointed down at 89.9 and is counter-trend defensive.  SPY is a bull flag bounce. 
 
 
Uptrend sectors:  XLY, XLK, XLB, XLI, XLP, XLRE, XLE, XLF, XLV,
Neutral sectors:  XLC, XLU,
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
 
74 of 100 NDX stocks closed higher on Friday.
 
75 NDX stocks are above their 30 DMA:  TSLA, SGEN, DLTR, PAYX, ADP, CSX, TEAM, CTAS, MRVL, NTES, PEP, VRSK, XLNX, SPLK, AMD, CRWD, MSFT, WDAY, ADSK, ANSS, AVGO, CPRT, CTSH, EXC, NVDA, AAPL, ADBE, COST, INTU, LULU, CDNS, DXCM, QCOM, AEP, ISRG, MDLZ, SNPS, CSCO, GOOGL, REGN, ASML, ADI, AMAT, CDW, HON, KDP, KLAC, NXPI, PTON, ROST, SIRI, CERN, OKTA, VRSN, ALGN, AMGN, KHC, LRCX, MCHP, MU, AMZN, VRTX, WBA, MNST, ORLY, MELI, GILD, BIDU, EA, JD, NFLX, PDD, TCOM, FB, SWKS,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 2
FB, SWKS,   
 
 
Moving Below 30 DMA = 1
BKNG,
 
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