Wednesday, August 22, 2018

IWM New All-time Closing High...SQ, TGT Make New Highs...




© 2018



SPY paused on Wednesday, after rising for four straight days.  IWM made a new all-time closing high of 171.18

Four sectors were higher on Wednesday, led by energy XLE +1.20% and technology XLK +0.30%.

The DJIA, closed down 88 points at 25,733, led by weakness in BA, UTX, TRV, MMM and HD.  This is the twenty ninth consecutive close above 25,000 since June 15.

SPY down .17 at 286.17
VIX down .61 at 12.25 


XOM +1.43%, MSFT +1.02%, led the DJIA, 8 advancers, -11.


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

Up: QQQ, IWM,
Down: SPY, DIA



The SPY MFC green line is in the upper zone pointed up at 91 bullish

Uptrend sectorsXLV, XLP, XLY, XLK, XLU, XLRE, XLI
Neutral sectors: XLF, XLE, XLB,
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 sideways.

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

60 of 100 NDX stocks closed higher on Wednesday.


60 NDX stocks are above their 30 DMA.  COST, AMGN, HAS, HSIC, ISRG, AMZN, GILD, CELG, CHKP, CA, CTAS, ORLY, CTXS, FAST, AAPL, DLTR, QCOM, WBA, PCAR, ROST, XLNX, CSX, CERN, SBUX, CMCSA, KLAC, ILMN, VRSK, SNPS, ADBE, CSCO, PAYX, TMUS, WDAY, DISH, FISV, ADP, TTWO, ESRX, MNST, MYL, JBHT, INCY, REGN, AAL, ADSK, CDNS, CHTR, MXIM, NVDA, VRTX, ADBE, ADI, EBAY, IDXX, MSFT, PYPL, SHPG, SIRI, STX,


NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 9
ADBE, ADI, EBAY, IDXX, MSFT, PYPL, SHPG, SIRI, STX,

Moving Below 30 DMA = 2
EXPE, MDLZ,


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

Add Comments here

1 comment:

Devoir said...

Love it when the plan works