Tuesday, November 26, 2019

SPY, DIA, QQQ Record Highs on Tuesday...BBY +9.8%...



© 2019


BBY +7.32, +9.86% gained on a positive EPS reaction.

SPY, QQQ and DIA closed at new all-time closing highs for the second straight day.

DJIA closed up 55 at 28,121 led by strength in HD, MCD, DIS, PG and TRV.  Closing above 28,000 for the second straight day.

Eight of eleven sectors were higher on Tuesday, led by XLRE, XLP and XLY.

SPY up .71 at 314.08 on 37.7 million shares, below average volume and the fifth lowest volume of 2019.  Up on lower volume.
VIX down .33 at 11.54
Oil up .41 at 58.32
TLT up .82 at 141.13 on 4.2 million shares
GLD up .66 at 137.74


MRK, PG, DIS led the DJIA, 17 advancers, -5
BBY, DLPH, CMG led the SPX, 299 advancers
INTU, NTES, CTAS, ULTA led the NDX, 62 advancers

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

Up: SPY, DIA, QQQ, IWM,
Down                                                                

Breadth weakened on Tuesday as advancers led 1,585 to 1,348 on the NYSE and decliners led 1,597 to 1,564 on the NASDAQ

The SPX MFC green line is above 80, pointed up at 93 and is short-term bullish

Uptrend sectors XLK, XLV, XLC, XLP, XLF, XLI, XLB,
Neutral sectors:  XLY, 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 TrendUp

62 of 100 NDX stocks closed higher on Tuesday.

79 NDX stocks are above their 30 DMA:  AAPL, ASML, CTXS, ALGN, CELG, CHTR, NVDA, SWKS, TSLA, INTC, ISRG, ORLY, AMGN, REGN, FAST, GOOGL, NTES, PCAR, SIRI, AMD, INCY, VRTX, ISRG, NTAP, QCOM, WBA, FOXA, BIIB, KHC, ALXN, FB, MAR, AMAT, AVGO, BMRN, MSFT, NFLX, CHKP, NXPI, HSIC, ADBE, ADSK, CTSH, BIDU, CDNS, EA, FISV, LULU, ADP, MNST, WLTW, PAYX, VRSN, WDAY, MELI, CERN, ILMN, GILD, JD, ADI, TCOM, UAL, WYNN, AMZN, CSX, JBHT, LRCX, PYPL, ROST, SBUX, SNPS, COST, HAS, INTU, MCHP, MDLZ, MYL, PEP, VRSK,


NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 8
COST, HAS, INTU, MCHP, MDLZ, MYL, PEP, VRSK,

Moving Below 30 DMA = 2
DLTR, MU,

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