Friday, August 24, 2018

SPY, IWM Make All-time High..



© 2018

SPY and IWM closed at all-time closing highs.  QQQ closed 34 cents below its all-time closing high of 182.82 on July 25.

AMD, SQ, V, ADSK, TTWO and NVDA hit new highs on Friday. 

Nine sectors were higher on Friday, led by technology XLK +1.30%.

The DJIA, closed up 133 points at 25,790, led by strength in UNH, MMM, V, BA and CAT.  This is the thirtieth first consecutive close above 25,000 since June 15.

SPY up 1.72 at 287.51, on 57.4 million shares, 2% below average volume. Up on higher volume.
VIX down .42 at 11.99 
Oil up .68 at 68.52
TLT up .24 at 122.29 on 6.0 million shares. 

DWDP +1.62%, V +1.48%, led the DJIA, 23 advancers, +10.
AMD +7.58%, SCG +3.62% and AA +3.38%, led the SPX.
ADSK +15.33%, NFLX +5.79%, MELI +5.51%, and ATVI +4.10%, led the NDX.


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

Up: QQQ, SPY, IWM, DIA
Down:

Breadth strengthened on Friday, as advancers led 1,958 to 838 on the NYSE and led 1,777 to 1,112 on the NASDAQ

The SPY MFC green line is in the upper zone pointed up at 91.8 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

87 of 100 NDX stocks closed higher on Friday.


65 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,


NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 10
ALGN, ATVI, CHTR, EBAY, GOOGL, MELI, NFLX, SHPG, TXN, VRTX,

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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