Monday, April 22, 2019

QQQ, SPY Inch to New Closing Highs...Earnings Season Week 3...


© 2019


The DJIA, closed down 48 points at 26,511led by weakness in BA, TRV, NKE, IBM and AXP.  Fifteenth straight close above 26,000 since March 1.

Five of eleven sectors were higher on Monday, led by energy XLE +2.11% and communication services XLC +0.45%.

SPY up .27 at 290.27 on 40.1 million shares, 40% below average volume. Up on lower volume.
VIX up .33 at 12.2
Oil up 1.62 at 65.62
TLT down .59 at 122.31 on 6.2 million shares. 

UNH +2.42%, XOM +2.18%, led the DJIA, 11 advancers, -7
MRO +6.58%, AA +5.55% and KMB +5.42%, led the SPX.

NFLX +4.71%, ALGN +3.25%, QCOM +2.60%, and ALXN +2.34%, led the NDX.

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

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

Breadth weakened on Monday, as decliners led 1,705 to 1,195 on the NYSE and led 1,756 to 1,308 on the NASDAQ

The SPY MFC green line is at 94 and is intermediate-term bullish

Uptrend sectorsXLRE, XLU, XLP, XLY, XLK, XLI, XLC, XLB,
Neutral sectors:  XLF, XLE,
Down trend sectors: XLV,

The 6-month intermediate trend is sideways.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendSideways


37 of 100 NDX stocks closed higher on Monday.

76 NDX stocks are above their 30 DMA:  CDNS, CTRP, PYPL, XLNX, ULTA, VRSN, KLAC, SNPS, MDLZ, PAYX, WLTW, CSX, ALXN, GOOGL, VRSK, ADP, CHKP, CSCO, FOXA, CMCSA, JD, AAPL, PEP, INTC, MSFT, COST, DLTR, AMZN, NVDA, SYMC, NTAP, SBUX, NTES, ALGN, AVGO, ORLY, AMD, ADBE, FAST, ILMN, LULU, MAR, PCAR, AMAT, ASML, CELG, CERN, FB, HSIC, LRCX, MU, ROST, SWKS, ADI, ADSK, CTAS, MCHP, MXIM, NXPI, TXN, WDC, WYNN, AAL, BKNG, LBTYA, UAL, KHC, SIRI, CHTR, EXPE, TMUS, HAS, QCOM, INTU, IDXX, NFLX,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 2
IDXX, NFLX,    

Moving Below 30 DMA = 1
BIDU,


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