Monday, August 27, 2018

New Highs SPY, QQQ, IWM, SQ, V, AAPL, AMZN, ALGN, CSX, NVDA...



© 2018


SPY, QQQ and IWM closed at all-time closing highs.  DIA closed $2.00 below its all-time closing high of 262.58 on Jan 26.

AMD, SQ, V, AAPL, AMZN, ALGN, CSX, and NVDA hit new highs on Monday. 

Eight sectors were higher on Monday, led by industrial XLI +1.26% and materials XLB +1.37%.


The DJIA, closed up 259 points at 26,049, led by strength in GS, BA, CAT, MMM and UNH.  This is the thirtieth second consecutive close above 25,000 since June 15 and the first close above 26,000 since Feb 1.

SPY up 1.72 at 289.78, on 57.0 million shares, 3% below average volume. Up on similar volume.
VIX up .17 at 12.16 
Oil up .40 at 68.92
TLT down .70 at 121.59 on 6.4 million shares. 

GS +3.19%, CAT +2.77%, led the DJIA, 26 advancers, +3.
AMD +5.34%, GM +4.84% and TWTR +4.70%, led the SPX.

JD +4.04%, ALGN +3.88%, INCY +3.25%, and REGN +3.22%, led the NDX.

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

Up: DIA, QQQ, SPY, IWM,
Down:

Breadth weakened slightly on Monday, as advancers led 1,798 to 1,084 on the NYSE and led 1,708 to 1,219 on the NASDAQ

The SPY MFC green line is in the upper zone pointed up at 92 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

75 of 100 NDX stocks closed higher on Monday.


69 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, MYL, JBHT, INCY, REGN, AAL, ADSK, CDNS, MXIM, NVDA, ADBE, ADI, IDXX, MSFT, PYPL, STX, INTU, ALGN, ATVI, CHTR, EBAY, GOOGL, MELI, NFLX, SHPG, TXN, VRTX, EXPE, MDLZ, SIRI, SYMC,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 4
EXPE, MDLZ, SIRI, SYMC,

Moving Below 30 DMA = 0



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,

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2 comments:

Don said...

We are off to the Bullish Races......Did the President's agreement on the new trade agreement with Mexico help with the Bullish surge? Huh....I wonder.

Only the Shadow Knows.

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