Monday, May 6, 2019

Stocks Fall After Trade Tariff Talk...


© 2019



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

Up: IWM,
Down: DIA, SPY, QQQ

Breadth weakened on Monday, as decliners led 1,645 to 1,064 on the NYSE and led 1,361 to 1,361 on the NASDAQ

The SPY MFC green line is in the upper zone at 88 and is in an intermediate-term up trend. 

Uptrend sectorsXLRE, 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 sideways.

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


30 of 100 NDX stocks closed higher on Monday.

67 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, AMAT, ASML, CELG, CERN, FB, HSIC, LRCX, ADI, ADSK, CTAS, MCHP, MXIM, NXPI, TXN, WYNN, AAL, UAL, CHTR, TMUS, HAS, QCOM, INTU, IDXX, NFLX, ATVI, MNST, WDAY, EBAY, XRAY, TTWO, GILD, INCY, MYL, ROST, WLTW, ALXN, COST, ILMN, MELI, BIIB, FISV, FOXA,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
BIIB, FISV, FOXA,

Moving Below 30 DMA = 8
AMD, BKNG, CTRP, EXPE, JD, MU, PCAR, SWKS,


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1 comment:

StarIndia Equity Tips said...

Making a most out of the charts signals trade with a right position.


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