Daily & Weekly New High Close in QQQ & SPY...Rally Week 19...

© 2019

QQQ, SPY, DIA, IWM continue to rise in Rally Week 19, a record closing high in QQQ and SPY...

                  (click image to enlarge)

Another big week for earnings with 150+ SPX EPS is in the books.  Earnings for most big names AAPL, AMZN, FB, GOOGL, INTC, MSFT, BA, CAT, MMM, PG, V, MCD, MRK, PFE and DWDP are now done. Fewer EPS next week include KLAC, EA, WYNN, DIS, MCHP, BKNG, NCLH, JD and MAR as earnings season is now in the wind down phase.

Weekly SPX EPS reactions through Friday, May 3, 2019:

77 positive:  L, ARE, WDC, CHTR, CMI, COP, FIS, GE, HCA, INCY, IPGP, IR, MA, MCD, MLM, MRK, NLSN, PCAR, PFE, STX, WELL, WRK, AAPL, AKAM, BXP, EIX, EQR, EXR, MXIM, VRTX, WYNN, CVS, GCI, HLT, HRS, IDXX, JCI, LLL, RCL, ALL, EQIX, ES, HC,, HIG, HOLX, HST, LNC, MAA, MET, PSA, QCOM, ABC, BLL, CHD, DLPH, GPN, KIM, MAC, TFX, UAA, VMC, ZTS, AIV, ED, EOG, FLS, GILD, LNT, MNST, MSI, RMD, AMT, CBOE, DISH, NWL, XRAY…

82 negative: VNO, GOOGL, LEG, MGM, SBAC, AOS, BHGE, ECL, ETN, GLW, GM, LLY, PSX, SPG, TDG, WCG, AMD, AMGN, CB, CHRW, CXO, DVN, FISV, JKHY, MXIM, OKE, UDR, UNM, VRSK, ADP, AME, CLX, CME, EL, ETR, GRMN, HUM, IQV, NI, SEE, SO, TAP, YUM, ANSS, APA, AWK, KHC, MRO, OKE, PNW, PRU, WMB, ABMD, CI, DISCA, DWDP, EXC, FLR, HBI, HFC, HII, ICE, K, MSCI, NRG, PEG, PH, PPL, PWR, SPGI, XYL, ANET, ATVI, CBS, CTSH, EXPE, FRT, FTNT, REG, SWKS, D, NBL…

The DJIA, closed up 197 points at 26,504, led by strength in CAT, INTC, MSFT, AXP and MCD.  Twenty-fourth straight close above 26,000 since March 1.

All eleven sectors were higher on Friday, led by industrials XLI +1.21% and discretionary XLY +1.18%.

SPY up 2.85 at 291.18 on 56.5 million shares, 10% below average volume. Up on lower volume.

VIX down 1.55 at 12.87

Oil up .32 at 61.86

TLT up .35 at 123.66 on 6.1 million shares. 

CAT +2.88%, INTC +2.37%, led the DJIA, 27 advancers, +16

NWL +13.52%, FLS +9.34% and RMD +6.56%, led the SPX.

MELI +20.02%, MNST +8.83%, XRAY +6.89%, and TSLA +4.48%, led the NDX.

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

Up: IWM, QQQ, SPY, DIA,

Down:

Breadth strengthened on Friday, as advancers led 2,240 to 620 on the NYSE and led 2,341 to 686 on the NASDAQ

The SPY MFC green line is in the upper zone at 89 and is in an intermediate-term up trend. 

Uptrend sectors: XLRE, XLU, XLP, XLY, XLK, XLI, XLC, XLB, XLF,

Neutral sectors:  XLE, XLV,

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 Trend: Sideways

86 of 100 NDX stocks closed higher on Friday.

72 NDX stocks are above their 30 DMA:  CDNS, PYPL, VRSN, KLAC, SNPS, MDLZ, PAYX, CSX, VRSK, CHKP, CMCSA, AAPL, PEP, MSFT, DLTR, AMZN, SBUX, NTES, ALGN, AVGO, ADBE, FAST, ILMN, LULU, MAR, PCAR, AMAT, ASML, CELG, CERN, FB, HSIC, LRCX, SWKS, ADI, ADSK, CTAS, MCHP, MXIM, NXPI, TXN, WYNN, AAL, BKNG, UAL, CHTR, EXPE, TMUS, HAS, QCOM, INTU, IDXX, NFLX, ATVI, MNST, WDAY, EBAY, XRAY, TTWO, JD, AMD, GILD, INCY, MU, MYL, ROST, WLTW, ALXN, COST, CTRP, ILMN, MELI,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 5

ALXN, COST, CTRP, ILMN, MELI,

Moving Below 30 DMA = 0

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