Monday, November 18, 2019

SPY, DIA, QQQ Make New Highs as Friday's Momentum Slows...


© 2019

DJIA closed up 31 points at 28,036 led by strength in UNH, DIS, HD, WMT and PG.  Closing above 28,000 for second day in a row..

Seven of eleven sectors were higher on Monday, led by XLRE, XLP and XLC.

SPY up 23 at 312.02 on 49.3 million shares, below average volume.  Up on lower volume.
VIX up .41 at 12.46
Oil down .96 at 56.97
TLT up .25 at 138.01 on 5.9 million shares
GLD up .41 at 138.62


DIS, UNH, NKE led the DJIA, 14 advancers, -10
DISCA, CNC, BLL led the SPX, 245 advancers
NVDA, AMD, FOXA, NFLX led the NDX, 46 advancers

Long term up trend intact.  3-day short term trend is up.

Up: DIA, QQQ, SPY,
DownIWM,                                                      

Breadth weakened on Monday as decliners led 1,675 to 1,271 on the NYSE and led 1,768 to 1,377 on the NASDAQ

The SPX MFC green line is above 80 at 97 and is short-term bullish

Uptrend sectors XLK, XLF, XLI, XLB, XLV, XLC, XLP,
Neutral sectors:  XLY, XLE, XLU, 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 TrendUp

46 of 100 NDX stocks closed higher on Monday.

74 NDX stocks are above their 30 DMA:  KLAC, AAPL, ASML, CTXS, ALGN, CELG, CHTR, NVDA, COST, SWKS, TSLA, INTC, ISRG, ORLY, AMGN, REGN, FAST, GOOGL, NTES, PCAR, SIRI, WYNN, AMD, INCY, VRTX, ISRG, JBHT, JD, NTAP, QCOM, UAL, WBA, FOXA, BIIB, KHC, ALXN, FB, MAR, AMAT, AVGO, BMRN, LRCX, MSFT, MU, NFLX, CHKP, NXPI, HSIC, ADBE, ADSK, CTSH, BIDU, ROST, ADI, CDNS, EA, FISV, LULU, ADP, MNST, SNPS, ULTA, WLTW, INTU, PAYX, VRSN, WDAY, MELI, PYPL, SBUX, TTWO, CERN, ILMN, MDLZ,


NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
MDLZ,   

Moving Below 30 DMA = 2
CSX, GILD, 


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Friday, November 15, 2019

DJIA Closes Above 28,000, New Record Close...


© 2019

SPY, DIA, QQQ broke out of horizontal resistance on Friday and are now at all-time NEW HIGHSIWM is a bull flag setup for Monday.


DJIA closed up 222 points at 28,004 led by strength in UNH, BA, JNJ, AAPL and MSFT.  Closing above 28,000 for the first time in history.

Ten of eleven sectors were higher on Friday, led by XLV, XLC and XLK.

SPY up 2.24 at 311.79 on 62.0 million shares, above average volume.  Up on higher volume.
VIX down 1.00 at 12.05
Oil up 1.03 at 57.93
TLT down .15 at 137.76 on 4.6 million shares
GLD down .35 at 138.21


UNH, JNJ, PFE led the DJIA, 24 advancers, +12
ANTM, HUM, CNC led the SPX, 393 advancers
AMAT, LRCX, ISRG, BIIB led the NDX, 72 advancers

Long term up trend intact.  3-day short term trend is up.

Up: DIA, QQQ, SPY, IWM,
Down                                                                

Breadth strengthened on Friday as advancers led 1,827 to 1,107 on the NYSE and led 1,852 to 1,235 on the NASDAQ

The SPX MFC green line is above 80 at 97 and is short-term bullish

Uptrend sectors XLK, XLF, XLI, XLB, XLV, XLC,
Neutral sectors:  XLY, XLP, XLE, XLU, 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 TrendUp

72 of 100 NDX stocks closed higher on Friday.


75 NDX stocks are above their 30 DMA:  KLAC, AAPL, ASML, CTXS, ALGN, CELG, CHTR, NVDA, COST, SWKS, TSLA, INTC, ISRG, ORLY, AMGN, REGN, FAST, GOOGL, NTES, PCAR, SIRI, WYNN, AMD, INCY, VRTX, ISRG, JBHT, JD, NTAP, QCOM, UAL, WBA, FOXA, CSX, BIIB, KHC, ALXN, FB, MAR, AMAT, AVGO, BMRN, LRCX, MSFT, MU, NFLX, CHKP, NXPI, HSIC, ADBE, ADSK, CTSH, BIDU, ROST, ADI, CDNS, EA, FISV, LULU, ADP, MNST, SNPS, ULTA, WLTW, INTU, PAYX, VRSN, WDAY, MELI, PYPL, SBUX, TTWO, CERN, GILD, ILMN,


NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 3
CERN, GILD, ILMN, 

Moving Below 30 DMA = 1
CMCSA, 


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Thursday, November 14, 2019

Record Closing High in SPY, DIA...AMAT up, NVDA down After-hours...


© 2019


Bull Flag Setups for Friday: QQQ, IWM, SMH, AXP, BBY, C, IBM, INTC, JPM, LRCX, MMM, QCOM, XLE

After the close AMAT +2.28, +4.00% and NVDA -1.90, -0.91% reported earnings.


SPY and DIA are horizontal resistance breakout setupsQQQ and IWM are bull flag setups for Friday.

DJIA closed down 1 point at 27,782 led by strength in BA, UNH, HD, offset by weakness in CSCO, AAPL, DIS, CAT and MCDClosing above 27,000 for the fourteenth day in a row.

Eight of eleven sectors were higher on Thursday, led by XLRE, XLB and XLB.

SPY up .45 at 309.55 on 52.0 million shares, below average volume.  Up on slightly lower volume.
VIX up .05 at 13.05
Oil down .48 at 56.90
TLT up 1.41 at 137.91 on 10.2 million shares
GLD up .58 at 138.56


BA, UNH, HD led the DJIA, 12 advancers, -2
MOS, HPQ, XRX led the SPX, 298 advancers
MELI, NTAP, FISV, NFLX led the NDX, 53 advancers

Long term up trend intact.  3-day short term trend is up a little.

Up: SPY, DIA,
DownIWM, QQQ,                                          

Breadth strengthened slightly on Thursday as advancers led 1,680 to 1,258 on the NYSE and decliners led 1,656 to 1,425 on the NASDAQ

The SPX MFC green line is above 80 at 96 and is short-term bullish

Uptrend sectors XLK, XLF, XLI, XLB, XLV, XLC,
Neutral sectors:  XLY, XLP, XLE, XLU, 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 TrendUp a little

53 of 100 NDX stocks closed higher on Thursday.

73 NDX stocks are above their 30 DMA:  KLAC, AAPL, ASML, CTXS, ALGN, CELG, CHTR, NVDA, COST, SWKS, TSLA, INTC, ISRG, ORLY, AMGN, REGN, FAST, GOOGL, NTES, PCAR, SIRI, WYNN, AMD, INCY, VRTX, ISRG, JBHT, JD, NTAP, QCOM, UAL, WBA, FOXA, CSX, BIIB, KHC, ALXN, FB, MAR, AMAT, AVGO, BMRN, LRCX, MSFT, MU, NFLX, CHKP, NXPI, HSIC, ADBE, ADSK, CTSH, BIDU, ROST, ADI, CDNS, EA, FISV, LULU, ADP, MNST, CMCSA, SNPS, ULTA, WLTW, INTU, PAYX, VRSN, WDAY, MELI, PYPL, SBUX, TTWO,


NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 4
MELI, PYPL, SBUX, TTWO,

Moving Below 30 DMA = 2
CSCO, MXIM,


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