Tuesday, August 21, 2018

SPY Makes All-time Closing High...AXP, NKE, VZ, COST, CSX, SQ, ADP Make New Highs...




© 2018



SPY rose for the fourth straight day making a new all-time closing high of 286.34

Six sectors were higher on Tuesday, led by discretionary XLY +0.79% and industrial XLI +0.74%.

The DJIA, closed up 63 points at 25,822, led by weakness in BA, GS, HD, CAT and INTC.  This is the twenty eighth consecutive close above 25,000 since June 15.

SPY up .67 at 286.34, on 66.9 million shares, 12% above average volume. Up on higher volume.
VIX up .37 at 12.86 
Oil up .63 at 66.07
TLT down .41 at 121.38 on 4.6 million shares. 

INTC +2.41%, GS +1.22%, led the DJIA, 19 advancers
DISCA +5.84%, MDT +5.71% and PHM +5.47%, led the SPX.
TSLA +4.36%, MU +3.89%, CHTR +3.42%, and NFLX +3.14%, led the NDX.

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

Up: IWM, QQQ, DIA, SPY
Down:

Breadth strengthened on Tuesday, as advancers led 1,862 to 1,016 on the NYSE and led 2,057 to 928 on the NASDAQ

The SPY MFC green line is in the upper zone pointed up at 88 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

76 of 100 NDX stocks closed higher on Tuesday.


53 NDX stocks are above their 30 DMA.  COST, AMGN, HAS, HSIC, ISRG, AMZN, GILD, CELG, CHKP, EXPE, 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, MDLZ, REGN, AAL, ADSK, CDNS, CHTR, MXIM, NVDA, VRTX


NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 5
CDNS, CHTR, MXIM, NVDA, VRTX

Moving Below 30 DMA = 3
IDXX, KHC, MSFT


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...

It's Great to have Chart Signals back....Thanks, Dave

Devoir said...

Market is moving in the right directions today