Monday, December 23, 2019

SPX, NDX, DJI Inch to New High as Volume Falls at the Start of the Holiday Shortened Trading Week...


© 2019


This week…
Monday: before the open ANSS, CDW, CPRT, CSGP, SGEN & SPLK replaced HAS, HSIC, JBHT, MYL, NLOK & WYNN in the NDX 100.
Tuesday: markets close at 1:00 pm EST on Christmas Eve.
Wednesday:  Markets closed in observance of Christmas.


SPX, NDX and DJI inched to another all-time closing high on a range bound day

Five of eleven sectors were higher on Monday, led by XLE, XLI and XLV.

SPY up .49 at 321.22 on 53.0 million shares, below average volume.  Up on lower volume.
VIX up .10 at 12.61

BA, MMM, AAPL led the DJIA, 17 advancers, -5
APA, ABMD, DLPH led the SPX, 221 advancers
TSLA, AMD, JD, WDC led the NDX, 44 advancers

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

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

Breadth weakened slightly on Monday as advancers led 1,608 to 1,321 on the NYSE and led 1,616 to 1,560 on the NASDAQ

The SPX MFC green line is above 80 and is pointed up at 95 and is short-term bullish

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

44 of 100 NDX stocks closed higher on Monday.

86 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMGN, REGN, PCAR, SIRI, AMD, VRTX, ISRG, FOXA, MAR, AVGO, BMRN, MSFT, ADBE, ADSK, EA, FISV, LULU, MNST, WLTW, MELI, CERN, ILMN, SBUX, MDLZ, PEP, VRSK, GOOGL, ADI, ASML, MCHP, NTAP, NXPI, TXN, ATVI, JD, NVDA, TSLA, ULTA, VRSN, EXPE, MU, TTWO, AMAT, BIDU, BKNG, CSX, FAST, LRCX, MXIM, PYPL, QCOM, WDC, XLNX, BIIB, CTAS, EBAY, KLAC, PAYX, TCOM, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB, KHC, NFLX, ALGN, SNPS, AAL, ADP, CHTR, IDXX, INTC, LBTYA, ROST, CMCSA, GILD, ANSS, CDW, CPRT, CSGP, SPLK,


NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 0


Moving Below 30 DMA = 5
CTSH, NTES, SGEN, TMUS, WDAY,


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