QQQ Hits New All-time High as DIA and SPY Rise...GOOG New High...

More to follow…

© 2018

Reported:  HAS, GOOG, CDNS, BIIB, PCAR, TXN, UTX, VZ, MMM, AVY, HOG, IQV,

Earning reports this week coming from:

NDX stocks: SIRI, CHKP, FB, PYPL, ALGN, GILD, VRTX, CTXS, QCOM, XLNX, MDLZ, AAL, ALXN, CELG, ORLY, MXIM, EXPE, EA, INTC, LRCX, SBUX, AMZN and WDC. 

DJIA stocks: KO, BA, V, MCD, INTC, MRK, XOM and CVX.

Eight sectors were higher on Tuesday, led by materials XLB +1.29% and energy XLE +1.26%.

The DJIA, closed up 197 points at 25,241, led by strength in BA, UTX, JNJ, CVX and GS.  This is the eighth consecutive close above 25,000 since June 15.

SPY up 1.41 at 281.61, on 68.0 million shares, 2% below average volume. Up on higher volume.

VIX down .21 at 12.41

Oil up .96 at 68.76

TLT up .41 at 119.68 on 9.0 million shares.

UTX +3.76%, JNJ +2.16%, led the DJIA, 23 advancers, +10.

AVY +11.08%, HOG +7.67% and IQV +6.29%, led the SPX.
BIIB +4.11%, GOOGL +3.89%, CELG +2.46%, and PYPL +2.43%, led the NDX.

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

Up: DIA, SPY, QQQ

Down: IWM,

Breadth weakened on Tuesday, as decliners led 1,561 to 1,334 on the NYSE and led 2,047 to 911 on the NASDAQ

The SPY MFC green line is in the upper zone at 92, bullish. 

Uptrend sectors:  XLV, 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

37 of 100 NDX stocks closed higher on Tuesday.

62 NDX stocks are above their 30 DMA.  COST, FB, EA, AMGN, REGN, HAS, MDLZ, MNST, HOLX, HSIC, NTES, CTSH, ALXN, ISRG, AMZN, ATVI, CMCSA, CTRP, GILD, IDXX, INTU, SHPG, TTWO, BMRN, CELG, ILMN, VRTX, CDNS, CHKP, EXPE, FISV, BIIB, CA, CTAS, FB, GOOGL, MELI, ORLY, PAYX, PYPL, VRSK, WDAY, CTXS, MSFT, ULTA, SNPS, FAST, AAPL, ADBE, ADP, ALGN, DLTR, QCOM, TXN, WBA, ASML, PCAR, ROST, XLNX, CSX, XRAY, INTC,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 4

BIDU, MAR, MXIM, SIRI, 

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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