Friday, September 21, 2018

DJIA 26.743 Record High as SPY, DIA and XL Sectors Declare Dividend...




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NKE, V and MA hit new highs on Friday. 

The DJIA, closed up 86 points at 26,743, a new all-time closing high, led by strength in BA, MCD, CVX, HD and MMM.  This is the fiftieth consecutive close above 25,000 since June 15 and the seventh close above 26,000 since Feb 1.

SPY down .26 at 291.99, including a 1.322611 dividend, on 105.4 million shares, 66% above average volume. Down on higher volume.
VIX down .12 at 11.68 
Oil up .54 at 70.71
TLT down .05 at 117.10 on 6.1 million shares. 

MCD +2.28%, CSCO +1.74%, led the DJIA, 22 advancers, -6
IPGP +4.17%, UAA +2.85% and KR +2.64%, led the SPX.
AAL +4.08%, SBUX +1.81%, FISV +1.65%, and TXN +1.44%, led the NDX.

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

Up: DIA,
Down: SPY, IWM, QQQ

Breadth weakened on Friday, as advancers led 1,426 to 1,410 on the NYSE and decliners led 1,648 to 1,344  on the NASDAQ

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

Uptrend sectorsXLU, XLV, XLP, XLY, XLK, 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 up.  The ten-day trend is up.

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

45 of 100 NDX stocks closed higher on Friday.


63 NDX stocks are above their 30 DMA.  COST, AMGN, ISRG, CHKP, CA, ORLY, QCOM, PCAR, ROST, XLNX, SBUX, CMCSA, ILMN, VRSK, SNPS, CSCO, PAYX, DISH, 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, CTRP, FISV, GILD, MYL, NTES, REGN, SWKS, VOD, VRTX, BIIB, CSX, FAST, TXN, XRAY

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 5
BIIB, CSX, FAST, TXN, XRAY

Moving Below 30 DMA = 3
AAPL, AMZN, BMRN,


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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