SPX Rally Continues as SPX Finishes -6.24% for 2018...

© 2018

The so called “Santa Claus rally” rose 160 points from the day after Christmas to New Year’s Eve.  In 2018, the SPX fell 166 points or -6.24% from the last day of 2017 until today, Dec 21, 2018.

The DJIA, closed up 265 points at 23,327, led by strength in BA, GS, UNH, DIS and MCD.  This is the seventeenth close below 25,000 since Dec 6.

All eleven sectors were higher on Monday, led by healthcare XLV +1.48% and discretionary XLY +1.07%.

SPY up 2.17 at 249.92 on 144.2 million shares, 3% above average volume. Up on lower volume.

VIX down 2.92 at 25.42 

Oil up .69 at 45.81

TLT up .46 at 121.51 on 17.4 million shares. 

GS +2.47%, DIS +2.19%, led the DJIA, 30 advancers, +23

KEYS +3.24%, BBY +3.16% and HBI +2.79%, led the SPX.

NFLX +4.52%, AMD +3.59%, REGN +3.00%, and DLTR +2.95% led the NDX.

Long term up trend intact.  3-day short term trend is up.

Up:  DIA, SPY, QQQ, IWM,

Down:

Breadth strengthened on Monday, as advancers led 2,128 to 851 on the NYSE and led 2,002 to 1,091 on the NASDAQ

The SPY MFC green line pointed up at 25 and is short-term bullish.

Uptrend sectors:  

Neutral sectors:  XLU, XLRE, XLB,

Down trend sectors: XLV, XLP, XLI, XLY, XLC, XLK, XLF, XLE,

The 6-month intermediate trend is down.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

80 of 100 NDX stocks closed higher on Monday.

11 NDX stock is above its 30 DMA:  AVGO, DLTR, REGN, WDAY, XRAY, QCOM, AMGN, CDNS, PCAR, PYPL, ROST,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 5

AMGN, CDNS, PCAR, PYPL, ROST,

Moving Below 30 DMA = 3

CTRP, JD, NTES,

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