© 2019
Bull Flag Setups: CSCO, MAR, PCAR, EBAY, PAYX, PYPL, XLNX, NFLX, CHKP, WDC, SPY, QQQ, DIA, IWM, KLAC, TMUS, WYNN, BA, BBY, PANW, INTC
The DJIA, closed down 133 points at 25,673, led by weakness in BA, UNH, CAT, WBA and GS.
One of eleven sectors was higher and one was unchanged
on Wednesday, led by materials XLB +0.22% and utilities XLU +0.00%.
SPY down 1.69 at 277.33 on 75.0 million shares, average volume. Down on higher volume.
VIX up 1.00 at 15.74
Oil down .09 at 56.19
TLT up .44 at 120.28 on 7.7 million shares.
DWDP +1.47%, DIS +0.75%, led the DJIA, 9 advancers, -3
LYB +6.11%, AON +4.29% and MO +3.39%, led the SPX.
DLTR +5.11%, ATVI +1.62%, CTRP +1.62%, and QCOM +1.59% led the NDX.
Long term up
trend intact. 3-day short term trend is down.
Up:
Down: DIA, QQQ, SPY, IWM,
Breadth weakened on Wednesday, as decliners led 2,157 to 730 on the NYSE and led 2,428 to 620 on the NASDAQ
The SPY
MFC green line is pointed down in the upper zone at 87 and is short-term
bullish.
Uptrend sectors: XLRE, XLC, XLI, XLU, XLB,
Neutral sectors:
XLK, XLY, XLV, XLP, XLF, XLE,
Down trend sectors:
The 6-month intermediate
trend is down. The ten-day trend is down.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
24 of 100 NDX stocks closed higher on Wednesday.
65
NDX stocks are above their 30
DMA: REGN, ROST, INCY, NFLX, CDNS, CTRP,
EBAY, FB, PCAR, PYPL, TMUS, XLNX, CTAS, MELI, TXN, ULTA, VRSN, ADBE, INTU,
MCHP, ADI, ISRG, KLAC, NXPI, SNPS, FAST, MDLZ, MNST, PAYX, SWKS, WLTW, CSX, ALXN,
CTSH, GOOGL, VRSK, ADP, CHKP, CSCO, FISV, SBUX, ASML, FOXA, LBTYA, CMCSA, JD,
MAR, WDC, AAPL, ORLY, PEP, CHTR, NVDA, INTC, MSFT, COST, HSIC, ILMN, QCOM,
SIRI, AMZN, EXPE, XRAY, BIDU, DLTR,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 2
BIDU, DLTR,
Moving Below 30 DMA = 12
ADSK, AMAT, AMD, AVGO, EA, IDXX,
LRCX, MU, MXIM, SYMC, VRTX, WYNN,
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