CTRP Leads NDX as SPX Continues to Grind Sideways at Intermediate Term Resistance...

© 2019

Bull Flag Setups:  CSCO, MAR, PCAR, EBAY, PAYX, PYPL, XLNX, SMH, NFLX, CHKP, WDC, SPY, DIA, IWM, KLAC, LRCX, TMUS, WYNN, AMD, MU,

The DJIA, closed down 13 points at 25,806, led by weakness in MMM, BA, WBA, CAT and DWDP.

Three of eleven sectors were higher on Tuesday, led by communication services XLC +0.63% and real estate XLRE +0.29%.

SPY down .38 at 279.02 on 59.1 million shares, 23% below average volume. Down on lower volume.

VIX up .11 at 14.74

Oil down .17 at 56.28

TLT up .25 at 119.84 on 5.5 million shares. 

UNH +2.29%, CVX +0.96%, led the DJIA, 12 advancers, +1

KSS +7.31%, TGT +4.58% and HOG +3.36%, led the SPX.

CTRP +19.78%, WLTW +5.20%, NTES +4.57%, and BIDU +4.24% led the NDX.

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

Up: QQQ,

Down: DIA, SPY, IWM,

Breadth strengthened slightly on Tuesday, as decliners led 1,484 to 1,358 on the NYSE and led 1,750 to 1,244 on the NASDAQ

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

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Sideways

41 of 100 NDX stocks closed higher on Tuesday.

75 NDX stocks are above their 30 DMA:  REGN, ROST, INCY, NFLX, CDNS, CTRP, EBAY, FB, PCAR, PYPL, TMUS, WYNN, XLNX, CTAS, MELI, TXN, ULTA, VRSN, ADBE, ADSK, INTU, MCHP, ADI, AVGO, ISRG, KLAC, LRCX, NXPI, SNPS, FAST, MDLZ, MNST, PAYX, SWKS, WLTW, CSX, ALXN, CTSH, GOOGL, IDXX, VRSK, ADP, CHKP, CSCO, FISV, MU, SBUX, ASML, FOXA, LBTYA, CMCSA, JD, MAR, SYMC, WDC, AAPL, AMD, ORLY, PEP, CHTR, NVDA, INTC, MSFT, EA, COST, HSIC, ILMN, QCOM, VRTX, MXIM, SIRI, AMZN, EXPE, XRAY, AMAT, 

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 3

ALGN, AMGN, HAS,

 

Add Comments here