Friday, July 20, 2018

Futures Fall Early Friday Following Tariff Comments...MSFT Up, SWKS Down on EPS...





More to follow

© 2018



Three sectors were higher on Friday, led by staples XLP +0.61% and financial XLF +0.18%.

The DJIA, closed down 6 points at 25,058, led by weakness in IBM and CAT and offset by strength in GS, MSFT and JPM.  This is the sixth consecutive close above 25,000 since June 15.

SPY down .32 at 279.68, on 82.3 million shares,




MSFT +1.79%, JPM +1.26%, led the DJIA, 13 advancers, +5.


Intermediate and long term up trend intact.  3-day short term trend is up.

Up: 
Down: DIA, QQQ, SPY, IWM

Breadth weakened on Friday, as decliners led 1,531 to 1,325 on the NYSE and led 1,498 to 1,377 on the NASDAQ

The SPY MFC green line is in the upper zone at 93, bullish

Uptrend sectorsXLV, XLY, XLK, XLU, XLRE, XLP,
Neutral sectors: XLE, XLB, XLF, XLI,
Down trend sectors:

The 6-month intermediate and long-term trends are still up.  The three-month trend is now up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways

32 of 100 NDX stocks closed higher on Friday.


67 NDX stocks are above their 30 DMA.  


NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 0


Moving Below 30 DMA = 5
FOXA, KLAC, NVDA, SIRI, SWKS


Intermediate-term trending stocks
RACE, ADBE, IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA, WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP, EL
BA, MU, MAR, CMA, CME, ANET, HRS, KORS,

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Thursday, July 19, 2018

EBAY, TRV, AXP Negative EPS Reaction...IWM Gains, Bull Flag Bounce, Near All-time High...




© 2018

SNA, DOV, DHR, IBM and GPC had a positive earnings reaction on Thursday.  EBAY, TRV and AXP were lower on a negative reaction.  MSFT reported after the close and rose in after-hours trading.  

Five sectors were higher on Thursday, led by real estate XLRE +0.95% and utilities XLU +0.92%.

The DJIA, closed down 134 points at 25,064, led by weakness in BA, TRV, AXP, UNH and JNJ.  This is the fifth consecutive close above 25,000 since June 15.

SPY down 1.06 at 280.00, on 61.4 million shares, 11% below average volume. Down on higher volume.
VIX up .77 at 12.87
Oil up .08 at 68.01
TLT up .77 at 122.26 on 6.1 million shares.

IBM +3.27%, DIS +1.30%, led the DJIA, 8 advancers, -7.
SNA +9.50%, DOV +5.30% and DHR +4.47%, led the SPX.
ORLY +3.00%, ULTA +2.70%, CMCSA +2.56%, and XRAY+2.49%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up:  IWM,
Down: SPY, DIA, QQQ,

Breadth strengthened slightly on Thursday, as advancers led 1,730 to 1,141 on the NYSE and led 1,559 to 1,335 on the NASDAQ

The SPY MFC green line is in the upper zone at 95, bullish

Uptrend sectorsXLV, XLY, XLK, XLU, XLRE, XLP,
Neutral sectors: XLE, XLB, XLF, XLI,
Down trend sectors:

The 6-month intermediate and long-term trends are still up.  The three-month trend is now up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up

41 of 100 NDX stocks closed higher on Thursday.


72 NDX stocks are above their 30 DMA.  

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 2
NVDA, XRAY

Moving Below 30 DMA = 8
ADI, ADSK, AMAT, CHTR, INCY, MU, STX, TMUS,


Intermediate-term trending stocks
RACE, ADBE, IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA, WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP, EL
BA, MU, MAR, CMA, CME, ANET, HRS, KORS,

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Wednesday, July 18, 2018

CSX, MS Positive EPS Reaction Today...IBM Higher After-hours...SPY Nearing All-time High...




More to follow

© 2018


CSX, GWW, UAL, ERIC, MS and UAL had positive earnings reaction on Wednesday.  IBM reported after the close and rose in after-hours trading.  

Four sectors were higher on Wednesday, led by financial XLF +1.60% and industrials XLI +1.10%.

The DJIA, closed up 79 points at 25,199, led by strength in UNH, BA, CAT, AXP and V.  This is the fourth consecutive close above 25,000 since June 15.

SPY up .59 at 281.06, on 44.5 million shares, 36% below average volume. Up on lower volume and its highest close since Jan 29.
VIX up .04 at 12.10
Oil up .32 at 67.93
TLT down .49 at 121.49 on 6.3 million shares.

UNH +2.05%, AXP +1.81%, led the DJIA, 15 advancers, -4.
GWW +11.16%, UAL +8.79% and NCLH +5.40%, led the SPX.
CSX +7.08%, ASML +6.64%, KLAC +4.10%, and MELI +2.65%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up:  DIA, IWM, SPY
Down: QQQ,

Breadth weakened slightly on Wednesday, as advancers led 1,583 to 1,316 on the NYSE and led 1,606 to 1,274 on the NASDAQ

The SPY MFC green line is in the upper zone at 97, bullish

Uptrend sectorsXLV, XLY, XLK, XLU, XLRE, XLP,
Neutral sectors: XLE, XLB, XLF, XLI,
Down trend sectors:

The 6-month intermediate and long-term trends are still up.  The three-month trend is now up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up

42 of 100 NDX stocks closed higher on Wednesday.


78 NDX stocks are above their 30 DMA.  COST, FB, FOXA, EA, AMGN, REGN, CHTR, HAS, MDLZ, MNST, TMUS, HOLX, HSIC, NTES, CTSH, ALXN, ISRG, AMZN, ATVI, CMCSA, CTRP, GILD, IDXX, INTU, SHPG, TTWO, BMRN, CELG, ILMN, VRTX, CDNS, CHKP, EXPE, FISV, QRTEA, BIIB, CA, CTAS, FB, GOOGL, MELI, ORLY, PAYX, PYPL, SYMC, VRSK, WDAY, CTXS, MSFT, BIDU, ULTA, SNPS, FAST, AAPL, ADBE, ADP, ADSK, ALGN, DLTR, MXIM, QCOM, STX, SWKS, TXN, WBA, ASML, INCY, MU, PCAR, ROST, XLNX, ADI, AMAT, CSX, KLAC, LRCX, MAR, SIRI,

NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 7
ADI, AMAT, CSX, KLAC, LRCX, MAR, SIRI,

Moving Below 30 DMA = 5
CERN, ESRX, KHC, NVDA, XRAY


Intermediate-term trending stocks
RACE, ADBE, IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA, WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP, EL
BA, MU, MAR, CMA, CME, ANET, HRS, KORS,

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