SPY, DIA Bull Flag Setups...Range Day on Weekly Expiration Friday...

© 2018

SQ and V hit new highs on Friday.

The DJIA, closed up 18 points at 26,458, led by strength in BA, INTC and UNH.  This is the fifty-fifth consecutive close above 25,000 since June 15 and the twelfth close above 26,000 since Feb 1.

Five of eleven sectors were higher, led by utilities XLU +1.46% and real estate XLRE +1.24%.

SPY up .03 at 290.72, on 70.0 million shares, 13% above average volume. Up on higher volume.

VIX down .29 at 12.12 

Oil up 1.37 at 73.56

TLT down .31 at 117.27 on 12.8 million shares. 

INTC +3.07%, BA +1.23%, led the DJIA, 18 advancers, +1

SCG +3.90%, CAG +3.00% and QRVO +2.90%, led the SPX.

NVDA +5.09%, JD +2.60%, INTU +2.06%, and STX +1.67%, led the NDX.

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

Up:  IWM, DIA, SPY

Down: QQQ,

Breadth strengthened slightly on Friday, as advancers led 1,623 to 1,266 on the NYSE and led 1,546 to 1,396 on the NASDAQ

The SPY MFC green line is in the zone pointed down at 80 is still bullish, but is a yellow alert to be prepared to become defensive. 

Uptrend sectors:  XLU, XLV, XLP, XLY, XLK, XLRE, XLI,

Neutral sectors: XLF, XLE, XLB, XLC,

Down trend sectors:

The 6-month intermediate and long-term trends are still up.  The three-month trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

60 of 100 NDX stocks closed higher on Friday.

62 NDX stocks are above their 30 DMA.  COST, AMGN, ISRG, CHKP, CA, ORLY, QCOM, ROST, XLNX, SBUX, ILMN, VRSK, CSCO, ADP, TTWO, ESRX, ADSK, ADBE,  INTU, ALGN, CHTR, SYMC, AVGO, ULTA, MAR, HAS, HSIC, WBA, ATVI, NFLX, AAL, MDLZ, MSFT, TMUS, LBTYA, SHPG, QRTEA, HOLX, ALXN, BKNG, CTSH, EXPE, BIDU, FISV, GILD, NTES, REGN, VRTX, AAPL, FOXA, AMZN, BIIB, CSX, EA, GOOGL, IDXX, MELI, DISH, INTC, NVDA, PAYX, SWKS,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 5

DISH, INTC, NVDA, PAYX, SWKS,

Moving Below 30 DMA = 2

FB, TSLA,

Intermediate-term trending stocks: 

ADBE, COST, DG, AAPL, AMZN, MA, V, AET, ISRG, PAYX, VRSN, COP, CRM, NTAP, RNG, SQ, UNH, NVDA, ALGN, CHGG, GRUB, TWLO, W, CDNS, PAYC, FISV, NDAQ, LPSN, PSTG, ZUMZ, WIX, SHAK, ETFC, EL, CME, KORS, A, WUBA,

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Utilities, Communications, Tech Sectors Lead NDX, SPX Higher...

© 2018

SQ, V and CRM hit new highs on Thursday.

The DJIA, closed up 54 points at 26,439, led by strength in AAPL, BA and UNH.  This is the fifty-fourth consecutive close above 25,000 since June 15 and the eleventh close above 26,000 since Feb 1.

Eight of eleven sectors were higher, led by utilities XLU +1.03% and communications XLC +0.86%.

SPY up .81 at 290.69, on 59.2 million shares, 3% below average volume. up on lower volume.

VIX down .48 at 12.41 

Oil up .15 at 72.19

TLT up .08 at 117.50 on 5.7 million shares. 

AAPL +2.06%, WBA +1.17%, led the DJIA, 17 advancers, +9

ALK +2.77%, FOSL +2.59% and NRG +2.50%, led the SPX.

REGN +3.70%, MELI +2.82%, TMUS +2.47%, and INCY +2.40%, led the NDX.

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

Up: QQQ, SPY, DIA, IWM

Down: 

Breadth strengthened on Thursday, as advancers led 1,572 to 1,278 on the NYSE and led 1,467 to 1,442 on the NASDAQ

The SPY MFC green line is pointed up in the upper zone at 83 bullish. 

Uptrend sectors:  XLU, XLV, XLP, XLY, XLK, XLRE, XLI,

Neutral sectors: XLF, XLE, XLB, XLC,

Down trend sectors:

The 6-month intermediate and long-term trends are still up.  The three-month trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

67 of 100 NDX stocks closed higher on Thursday.

59 NDX stocks are above their 30 DMA.  COST, AMGN, ISRG, CHKP, CA, ORLY, QCOM, ROST, XLNX, SBUX, ILMN, VRSK, CSCO, ADP, TTWO, ESRX, ADSK, ADBE,  INTU, ALGN, CHTR, SYMC, AVGO, ULTA, MAR, HAS, HSIC, WBA, ATVI, NFLX, AAL, MDLZ, MSFT, TMUS, LBTYA, SHPG, QRTEA, HOLX, ALXN, BKNG, CTSH, EXPE, BIDU, FISV, GILD, NTES, REGN, VRTX, AAPL, FOXA, AMZN, BIIB, TSLA, CSX, EA, FB, GOOGL, IDXX, MELI,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 6

CSX, EA, FB, GOOGL, IDXX, MELI,

Moving Below 30 DMA = 2

PAYX, PYPL,

Intermediate-term trending stocks: 

ADBE, COST, DG, AAPL, AMZN, MA, V, AET, ISRG, PAYX, VRSN, COP, CRM, NTAP, RNG, SQ, UNH, NVDA, ALGN, CHGG, GRUB, TWLO, W, CDNS, PAYC, FISV, NDAQ, LPSN, PSTG, ZUMZ, WIX, SHAK, ETFC, EL, CME, KORS, A, WUBA,

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Fed Raises Rates as Expected...Rally Fails as SPX Closes Down 9 Points...

© 2018

The DJIA, closed down 106 points at 26,385, led by weakness in GS, BA, AXP, TRV and AAPL.  This is the fifty-third consecutive close above 25,000 since June 15 and the tenth close above 26,000 since Feb 1.

Four of eleven sectors were higher, led by the new communications XLC +0.39% and discretionary XLY +0.23%.

SPY down .87 at 289.88, on 79.7 million shares, 26% above average volume. Down on higher volume.

VIX up .47 at 12.89 

Oil down .04 at 72.04

TLT up .82 at 117.50 on 9.5 million shares. 

IBM +1.81%, DIS +1.39%, led the DJIA, 8 advancers, -3

FL +5.13%, FOSL +3.98% and SCG +3.91%, led the SPX.

ALXN +5.13%, MELI +3.48%, TSLA +2.85%, and NTES +2.82%, led the NDX.


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

Up: QQQ,

Down: SPY, DIA, IWM

Breadth weakened on Wednesday, as decliners led 1,810 to 1,056 on the NYSE and led 1,910 to 1,070 on the NASDAQ

The SPY MFC green line is pointed up in the upper zone at 86 bullish. 

Uptrend sectors:  XLU, XLV, XLP, XLY, XLK, XLRE, XLI,

Neutral sectors: XLF, XLE, XLB, XLC,

Down trend sectors:

The 6-month intermediate and long-term trends are still up.  The three-month trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

52 of 100 NDX stocks closed higher on Wednesday.

55 NDX stocks are above their 30 DMA.  COST, AMGN, ISRG, CHKP, CA, ORLY, QCOM, ROST, XLNX, SBUX, ILMN, VRSK, CSCO, PAYX, ADP, TTWO, ESRX, ADSK, ADBE,  INTU, ALGN, CHTR, SYMC, AVGO, ULTA, MAR, HAS, HSIC, WBA, ATVI, NFLX, AAL, MDLZ, MSFT, TMUS, LBTYA, SHPG, QRTEA, HOLX, ALXN, BKNG, CTSH, EXPE, PYPL, BIDU, FISV, GILD, NTES, REGN, VRTX, AAPL, FOXA, AMZN, BIIB, TSLA,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 2

BIIB, TSLA,

Moving Below 30 DMA = 3

PCAR, SWKS, VOD,

Intermediate-term trending stocks: 

ADBE, COST, DG, AAPL, AMZN, MA, V, AET, ISRG, PAYX, VRSN, COP, CRM, NTAP, RNG, SQ, UNH, NVDA, ALGN, CHGG, GRUB, TWLO, W, CDNS, PAYC, FISV, NDAQ, LPSN, PSTG, ZUMZ, WIX, SHAK, ETFC, EL, CME, KORS, A, WUBA,

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Trading Range IWM, QQQ Higher, SPY, DIA Lower...SQ Soars after Price Target Raised...

© 2018

SQ, PLNT and CRM hit new highs on Tuesday.

The DJIA, closed down 69 points at 26,492, led by weakness in UNH, MMM, JNJ, TRV and PG.  This is the fifty-second consecutive close above 25,000 since June 15 and the ninth close above 26,000 since Feb 1.

Three of eleven sectors were higher, led by energy XLE +0.64% and discretionary XLY +0.42%.

SPY down .27 at 290.75, on 44.3 million shares, 26% below average volume. Down on lower volume.

VIX up .22 at 12.42 

Oil down .19 at 72.08

TLT down .12 at 116.68 on 6.6 million shares. 

MCD +1.90%, DIS +0.76%, led the DJIA, 11 advancers, +4

ABMD +5.22%, NOC +2.71% and CXO +2.64%, led the SPX.

NTES +2.63%, LBTYA +2.29%, AMZN +2.08%, and ADSK +1.68%, led the NDX.

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

Up: IWM, QQQ,

Down: SPY, DIA

Breadth strengthened on Tuesday, as decliners led 1,617 to 1,271 on the NYSE and advancers led 1,462 to 1,454 on the NASDAQ

The SPY MFC green line is pointed up in the upper zone at 90 bullish. 

Uptrend sectors:  XLU, XLV, XLP, XLY, XLK, XLRE, XLI,

Neutral sectors: XLF, XLE, XLB, XLC,

Down trend sectors:

The 6-month intermediate and long-term trends are still up.  The three-month trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

42 of 100 NDX stocks closed higher on Tuesday.

56 NDX stocks are above their 30 DMA.  COST, AMGN, ISRG, CHKP, CA, ORLY, QCOM, PCAR, ROST, XLNX, SBUX, ILMN, VRSK, CSCO, PAYX, ADP, TTWO, ESRX, ADSK, ADBE,  INTU, ALGN, CHTR, SYMC, AVGO, ULTA, MAR, HAS, HSIC, WBA, ATVI, NFLX, AAL, MDLZ, MSFT, TMUS, LBTYA, SHPG, QRTEA, HOLX, ALXN, BKNG, CTSH, EXPE, PYPL, BIDU, FISV, GILD, NTES, REGN, SWKS, VOD, VRTX, AAPL, FOXA, AMZN

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

AMZN,

Moving Below 30 DMA = 2

BIIB, SNPS,

Intermediate-term trending stocks: 

ADBE, COST, DG, AAPL, AMZN, MA, V, AET, ISRG, PAYX, VRSN, COP, CRM, NTAP, RNG, SQ, UNH, NVDA, ALGN, CHGG, GRUB, TWLO, W, CDNS, PAYC, FISV, NDAQ, LPSN, PSTG, ZUMZ, WIX, SHAK, ETFC, EL, CME, KORS, A, WUBA,

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New Communications Sector XLC Finishes the Day Unchanged...

© 2018

Monday was the first trading day of Communication Services, XLC as an official sector,  Key stocks were reassigned from technology XLK and consumer discretionary XLY including FB, GOOGL, DIS, T, VZ, CMCSA, NFLX, CHTR, EA and ATVI.

CRM, MSFT and XOM hit new highs on Monday.

The DJIA, closed down 181 points at 26,562, led by weakness in HD, BA, MMM, GS and JNJ.  This is the fifty-first consecutive close above 25,000 since June 15 and the eighth close above 26,000 since Feb 1.

SPY down .97 at 291.02, on 53.4 million shares, 11% below average volume. Down on lower volume.

VIX up .52 at 12.20 

Oil up 1.56 at 72.27

TLT down .30 at 116.80 on 5.5 million shares. 

DIS +2.15%, XOM +1.68%, led the DJIA, 7 advancers, -15

ABMD +9.02%, EW +7.67% and AMD +5.13%, led the SPX.

ALXN +5.34%, SYMC +3.78%, MELI +3.66%, and NFLX +2.33%, led the NDX.

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

Up: QQQ,

Down: SPY, IWM, DIA, 

Breadth weakened on Monday, as decliners led 1,943 to 924 on the NYSE and led 1,810 to 1,179 on the NASDAQ

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

Uptrend sectors:  XLU, XLV, XLP, XLY, XLK, XLRE, XLI,

Neutral sectors: XLF, XLE, XLB, XLC,

Down trend sectors:

The 6-month intermediate and long-term trends are still up.  The three-month trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

42 of 100 NDX stocks closed higher on Monday.

57 NDX stocks are above their 30 DMA.  COST, AMGN, ISRG, CHKP, CA, ORLY, QCOM, PCAR, ROST, XLNX, SBUX, ILMN, VRSK, SNPS, CSCO, PAYX, ADP, TTWO, ESRX, ADSK, ADBE,  INTU, ALGN, CHTR, SYMC, AVGO, ULTA, MAR, HAS, HSIC, WBA, ATVI, NFLX, AAL, MDLZ, MSFT, TMUS, LBTYA, SHPG, QRTEA, HOLX, ALXN, BKNG, CTSH, EXPE, PYPL, BIDU, FISV, GILD, NTES, REGN, SWKS, VOD, VRTX, BIIB, AAPL, FOXA,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 2

AAPL, FOXA,

Moving Below 30 DMA = 8

CMCSA, CSX, CTRP, DISH, FAST, MYL, TXN, XRAY

Intermediate-term trending stocks: 

ADBE, COST, DG, AAPL, AMZN, MA, V, AET, ISRG, PAYX, VRSN, COP, CRM, NTAP, RNG, SQ, UNH, NVDA, ALGN, CHGG, GRUB, TWLO, W, CDNS, PAYC, FISV, NDAQ, LPSN, PSTG, ZUMZ, WIX, SHAK, ETFC, EL, CME, KORS, A, WUBA,

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