© 2019
The SPX: 3,274.70, Nasdaq 100: 8,989.63, Nasdaq Composite: 9,203.42,
DJI Indexes 28,956.90 made new
all-time closing highs today. As Dave mentors live each day: “Trade with the trend as long as it
continues.”
Ten of eleven sectors were higher on Thursday, led by XLK, XLE and XLP.
SPY up 2.20 at 326.65 on 48.5 million shares, below average volume. Up on lower volume.
VIX down .91 at 12.54
AAPL, GS, KO led the DJIA, 20 advancers, -1
STZ, LH, ANTM led the SPX, 343 advancers
BMRN, ALGN, ROST, AMD led the NDX, 78 advancers
Long term up
trend intact. 3-day short term trend is up.
Up: QQQ,
DIA, SPY, IWM,
Down:
Breadth was
steady on Thursday as advancers led 1,643 to 1,291 on the NYSE and
led 1,915 to 1,290 on the NASDAQ
The SPX
MFC green line is above 80 and is flat at 92 and is short-term bullish.
Uptrend sectors: XLC, XLK, XLI, XLY, XLF, XLV, XLU,
XLB, XLP,
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 Trend: Up
78 of 100 NDX stocks
closed higher on Thursday.
82 NDX stocks are above their 30 DMA: AAPL, SWKS, AMGN,
SIRI, AMD, FOXA, BMRN, MSFT, ADBE,
ADSK, EA, LULU, MNST, WLTW, CERN, SBUX, MDLZ, VRSK, GOOGL, ADI,
ASML, MCHP, NXPI, TXN, ATVI, JD, NVDA, TSLA, ULTA, VRSN, EXPE, MU, AMAT, BIDU, BKNG, CSX,
LRCX, MXIM, PYPL, QCOM, WDC, XLNX, CTAS, EBAY, KLAC, TCOM, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB,
NFLX, ALGN, SNPS, CHTR, IDXX, INTC, ROST, CMCSA, ANSS, CDW, CPRT, CSGP, SPLK,
TMUS, NTES, CTXS, MELI, WDAY, FISV, ILMN, REGN, TTWO, VRTX, NTAP, ADP,
MAR, PAYX, ALXN, COST,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 2
ALXN,
COST,
Moving Below 30 DMA = 0
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