Monday, April 15, 2019

SPY, QQQ, DIA Range at Resistance After GS Drags Financials...


© 2019

The DJIA, closed down 27 points at 26,384led by weakness in GS, BA, MMM and JPM.  Eleventh straight close above 26,000 since March 1.

Three of eleven sectors were higher on Monday, led by staples XLP +0.59% and healthcare XLV +0.40%.

SPY down .19 at 289.97 on 49.7 million shares, 30% below average volume. Down on lower volume.
VIX up .31 at 12.32
Oil down .19 at 63.57
TLT up .31 at 122.98 on 3.0 million shares. 

UNH +3.13%, DIS +1.52%, led the DJIA, 16 advancers, -8
ANTM +3.97%, FTNT +2.71% and CVS +2.67%, led the SPX.
ULTA +2.64%, DLTR +2.26%, BMRN +2.13%, and MNST +1.98%, led the NDX.

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

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

Breadth weakened on Monday, as decliners led 1,539 to 1,323 on the NYSE and led 1,842 to 1,200 on the NASDAQ

The SPY MFC green line is at 95 and is intermediate and short-term bullish


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

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 TrendUp


49 of 100 NDX stocks closed higher on Monday.

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

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

Moving Below 30 DMA = 3
BIDU, EA, TTWO,


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