Tuesday, March 19, 2019

Trading Range as Prices Gyrate after Trade Talk News...FOMC Wednesday at 2 pm, No Rate Change Expected...


© 2019


The DJIA, closed down 26 points at 25,887led by weakness in DIS, TRV, AAPL, GS and AXP. 

Four of eleven sectors were higher on Tuesday, led by healthcare XLV +0.79% and discretionary XLY +0.50%.

SPY up .07 at 282.40 on 90.2 million shares, 20% above average volume. Up on higher volume.
VIX up .46 at 13.56
Oil up .01 at 59.29
TLT down .27 at 121.41 on 5.2 million shares. 

PFE +1.17%, WBA +1.09%, led the DJIA, 15 advancers, -5
DVA +3.53%, CI +3.39% and LB +2.66%, led the SPX.
AMD +11.83%, NVDA +4.00%, ATVI +3.22%, and ALGN +2.19%, led the NDX.

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

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


Breadth weakened on Tuesday, as decliners led 1,754 to 1,128 on the NYSE and led 1,684 to 1,328 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


62 of 100 NDX stocks closed higher on Tuesday.

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

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 8
ADBE, AMD, CELG, EBAY, GILD, HSIC, NXPI, WDAY, 

Moving Below 30 DMA = 4
BMRN, EA, MNST, VRTX,

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