© 2019
Bull
Flag Setups for Thursday: QQQ, IWM, SMH, AXP, BBY, COST, GOOGL, IBM, INTC, JPM,
LRCX, MMM, QCOM
After
the close CSCO -2.48, -5.12% fell after reporting
earnings.
DJIA closed up 92 points at 27,783 led by strength in DIS, AAPL, WMT, NKE and MCD. Closing above 27,000 for the thirteenth day
in a row.
Five of eleven sectors were higher on Wednesday, led by XLU, XLRE and XLP.
SPY up .10 at 309.10 on 54.3
million shares, average volume.
Up on higher volume.
VIX up .32 at 13.00
Oil up .60 at 57.38
TLT up .88 at 136.50 on 6.7 million shares
GLD up .55 at 137.98
DIS, NKE, WMT led the DJIA, 14 advancers, -2
ROK, TSN, FTNT led the SPX, 245 advancers
ADSK, FB, IDXX, ADP led the NDX, 53 advancers
Long term up
trend intact. 3-day short term trend is sideways.
Up: DIA,
SPY, QQQ,
Down: IWM,
Breadth weakened
slightly on Wednesday as decliners led 1,576 to 1,366 on the NYSE
and led 1,830 to 1,262 on the NASDAQ
The SPX
MFC green line is above 80 at 95 and is short-term
bullish.
Uptrend sectors: XLK, XLF, XLI, XLB, XLV, XLC,
Neutral sectors:
XLY, XLP, XLE, XLU, XLRE,
Down trend sectors:
The 6-month intermediate
trend is up. The ten-day trend is up.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
53 of 100 NDX stocks
closed higher on Wednesday.
71 NDX stocks are above their 30 DMA: KLAC, AAPL, ASML, CTXS, ALGN, CELG, CHTR, NVDA,
COST, SWKS, TSLA, INTC, ISRG, ORLY, AMGN, REGN, FAST, GOOGL, NTES,
PCAR, SIRI, WYNN, AMD, INCY, VRTX, ISRG, JBHT, JD, NTAP, QCOM, UAL, WBA,
FOXA, CSX, BIIB, KHC, ALXN, FB, MAR, AMAT, AVGO, BMRN, LRCX, MSFT, MU, NFLX,
CHKP, MXIM, NXPI, HSIC, ADBE, ADSK, CTSH, BIDU, ROST, ADI, CDNS, CSCO,
EA, FISV, LULU, ADP, MNST, CMCSA, SNPS, ULTA, WLTW, INTU, PAYX, VRSN, WDAY,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 4
INTU, PAYX, VRSN, WDAY,
Moving Below 30 DMA = 4
AAL, AMZN, GILD, XLNX,
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