Thursday, May 9, 2019

Tariff Uncertainty Continues, ROKU Soars 28% on EPS...


© 2019


The DJIA, closed down 132 points at 25,828led by weakness in BA, MMM, INTC, AAPL and DIS.  Closing below 26,000 for the third day after trading above for the previous twenty-five trading days. 

One of eleven sectors was higher and one unchanged on Thursday, led by real estate XLRE +0.30%.

SPY down .87 at 286.66 on 103.4 million shares, 56% above average volume. Down on higher volume.
VIX down .30 at 19.10

CVX +3.14%, GS +0.34%, led the DJIA, 8 advancers, -7


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

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

Breadth weakened on Thursday, as decliners led 1,631 to 1,207 on the NYSE and led 1,807 to 1,213 on the NASDAQ

The SPY MFC green line is pointed down at 69 and is short-term defensive in an intermediate-term up trend. 

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

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

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


42 of 100 NDX stocks closed higher on Thursday.

46 NDX stocks are above their 30 DMA:  CDNS, PYPL, VRSN, SNPS, MDLZ, PAYX, CSX, VRSK, CHKP, CMCSA, PEP, MSFT, AMZN, SBUX, NTES, ALGN, ADBE, ILMN, LULU, MAR, CELG, CERN, FB, HSIC, LRCX, ADSK, CTAS, NXPI, WYNN, AAL, CHTR, TMUS, HAS, QCOM, INTU, IDXX, MNST, WDAY, EBAY, XRAY, TTWO, GILD, INCY, MELI, COST, FOXA,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 2
COST, FOXA,

Moving Below 30 DMA = 3
AAPL, ASML, ILMN,


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