Monday, March 18, 2019

SPY Swings Up, Down & Up, Highest Close Since Oct 9...Energy, Financial Sectors Lead...


© 2019

Setups
Bull Flag = DLTR, GOOGL, MELI, MNST
                  (click image to enlarge)


The DJIA, closed up 65 points at 25,914led by strength in GS, UNH, AAPL, MSFT and CAT. 

Seven of eleven sectors were higher on Monday, led by energy XLE +1.39% and financial XLF +1.01%.

SPY up 1.02 at 282.33 on 62.1 million shares, 16% below average volume. Up on lower volume.
VIX up .22 at 12.10
Oil up .89 at 59.28
TLT down .07 at 121.68 on 3.8 million shares. 

GS +2.1%, MSFT +1.43%, led the DJIA, 20 advancers, -3
EW +6.20%, NOV +6.19% and SWN +4.86%, led the SPX.
MAR +2.16%, LULU +1.79%, CTRP +1.78%, and AMZN +1.74%, led the NDX.

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

Up: IWM, SPY, DIA, QQQ,
Down:

Breadth strengthened on Monday, as advancers led 1,946 to 943 on the NYSE and led 1,894 to 1,162 on the NASDAQ

The SPY MFC green line is pointed up in the upper zone, at 93 and is short-term bullish.

Uptrend sectorsXLRE, XLU, XLC, XLK, XLI, XLB, XLY,
Neutral sectors:  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: Up
3-day Short Term Market TrendUp


59 of 100 NDX stocks closed higher on Monday.

74 NDX stocks are above their 30 DMA:  ROST, CDNS, CTRP, PCAR, PYPL, TMUS, XLNX, CTAS, MELI, ULTA, VRSN, INTU, ADI, KLAC, SNPS, MDLZ, MNST, PAYX, SWKS, WLTW, CSX, ALXN, GOOGL, VRSK, ADP, CHKP, CSCO, ASML, FOXA, CMCSA, JD, MAR, AAPL, PEP, CHTR, INTC, MSFT, COST, HSIC, QCOM, XRAY, DLTR, EA, ILMN, ISRG, ADBE, AMZN, CERN, INCY, NFLX, NVDA, SIRI, SYMC, TXN, ASML, FAST, NTAP, SBUX, AMGN, ATVI, BMRN, IDXX, LBTYA, NTES, TTWO, VRTX, LRCX, ALGN, AMAT, AVGO, BIDU, BIIB, MAR,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
ORLY, 

Moving Below 30 DMA = 5
CELG, CTSH, FISV, GILD, NXPI,  

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1 comment:

Don said...

Love those set-up Charts - Thanks Dave