SPX Rally Continues as SPX Finishes -6.24% for 2018...

© 2018

The so called “Santa Claus rally” rose 160 points from the day after Christmas to New Year’s Eve.  In 2018, the SPX fell 166 points or -6.24% from the last day of 2017 until today, Dec 21, 2018.

The DJIA, closed up 265 points at 23,327, led by strength in BA, GS, UNH, DIS and MCD.  This is the seventeenth close below 25,000 since Dec 6.

All eleven sectors were higher on Monday, led by healthcare XLV +1.48% and discretionary XLY +1.07%.

SPY up 2.17 at 249.92 on 144.2 million shares, 3% above average volume. Up on lower volume.

VIX down 2.92 at 25.42 

Oil up .69 at 45.81

TLT up .46 at 121.51 on 17.4 million shares. 

GS +2.47%, DIS +2.19%, led the DJIA, 30 advancers, +23

KEYS +3.24%, BBY +3.16% and HBI +2.79%, led the SPX.

NFLX +4.52%, AMD +3.59%, REGN +3.00%, and DLTR +2.95% led the NDX.

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

Up:  DIA, SPY, QQQ, IWM,

Down:

Breadth strengthened on Monday, as advancers led 2,128 to 851 on the NYSE and led 2,002 to 1,091 on the NASDAQ

The SPY MFC green line pointed up at 25 and is short-term bullish.

Uptrend sectors:  

Neutral sectors:  XLU, XLRE, XLB,

Down trend sectors: XLV, XLP, XLI, XLY, XLC, XLK, XLF, XLE,

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

80 of 100 NDX stocks closed higher on Monday.

11 NDX stock is above its 30 DMA:  AVGO, DLTR, REGN, WDAY, XRAY, QCOM, AMGN, CDNS, PCAR, PYPL, ROST,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 5

AMGN, CDNS, PCAR, PYPL, ROST,

Moving Below 30 DMA = 3

CTRP, JD, NTES,

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SPX, DJIA, NDX Post Weekly Gain After 3-week Decline...

© 2018

SPY, DIA and QQQ after hitting a market low on Monday, rallied and finished it first weekly gain in four weeks, forming a piercing line on the weekly chart.

The DJIA, closed down 76 points at 23,062, led by weakness in GS, MMM, V, CAT and PG.  This is the sixteenth close below 25,000 since Dec 6.

Four of eleven sectors were higher on Friday, led by real estate XLRE +0.36% and utilities XLU +0.25%.

SPY down .32 at 247.75 on 153.1 million shares, 10% above average volume. Down on lower volume.

VIX down 1.62 at 28.34 

Oil down .29 at 45.12

TLT up 1.01 at 121.05 on 9.8 million shares.

INTC +0.84%, DIS +0.73%, led the DJIA, 7 advancers, -21

GE +3.30%, DISH +2.38% and COTY +2.37%, led the SPX.

TSLA +5.61%, AMAT +2.63%, NVDA +1.89%, and AMD +1.89% led the NDX.

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

Up:  IWM,

Down: QQQ, SPY, DIA

Breadth strengthened on Friday, as advancers led 1,920 to 1,053 on the NYSE and led 2,094 to 970 on the NASDAQ

The SPY MFC green line pointed up at 18 and is short-term bullish.

Uptrend sectors:  

Neutral sectors:  XLU, XLRE, XLB,

Down trend sectors: XLV, XLP, XLI, XLY, XLC, XLK, XLF, XLE,

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

38 of 100 NDX stocks closed higher on Friday.

9 NDX stock is above its 30 DMA:  NTES, AVGO, CTRP, DLTR, REGN, WDAY, XRAY, JD, QCOM,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 3

PCAR, PYPL, TTWO,

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Santa Claus Rally Day 2 Bounces from Wednesday's S1 and Closes Higher..

© 2018

SPY, DIA and QQQ all pulled back to S1 of Wednesday’s large white candle and bounced.  This is day two of a counter trend bounce.

The DJIA, closed up 260 points at 23,188, led by strength in MMM, BA, UNH, GS and IBM.  This is the fifteenth close below 25,000 since Dec 6.

All eleven sectors were higher on Thursday, led by materials XLB +1.84% and industrials XLI +1.25%.

SPY up 1.89 at 248.07 on 186.2 million shares, 35% above average volume. Up on lower volume.

VIX down .45 at 29.96 

Oil down 1.20 at 45.41

TLT up .02 at 120.04 on 12.7 million shares. 

MMM +2.38%, IBM +2.15%, led the DJIA, 28 advancers, -2

FOSL +3.64%, CRM +3.33% and LMT +3.25%, led the SPX.

MU +3.37%, WDAY +3.04%, AMAT +2.97%, and JD +2.84% led the NDX.

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

Up:  DIA, SPY, IWM, QQQ

Down:

Breadth weakened on Thursday, as advancers led 1,604 to 1,353 on the NYSE and led 1,557 to 1,492 on the NASDAQ

The SPY MFC green line turned up at 13 and is short-term bullish.

Uptrend sectors:  

Neutral sectors:  XLU, XLRE, XLB,

Down trend sectors: XLV, XLP, XLI, XLY, XLC, XLK, XLF, XLE,

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

79 of 100 NDX stocks closed higher on Thursday.

12 NDX stock is above its 30 DMA:  NTES, AVGO, CTRP, DLTR, REGN, WDAY, XRAY, JD, PCAR, PYPL, QCOM, TTWO,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 5

JD, PCAR, PYPL, QCOM, TTWO,

Moving Below 30 DMA = 0

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Santa Claus Rally Starts with the Largest One-day Gain in SPX, NDX & DJIA Since March of 2009...

© 2018

After falling to a 52-week low on Monday and dropping -20% since Oct 3, to meet one definition of a bear market, the SPX rallied +4.96%, on Wednesday its largest one-day move since March of 2009.  The DJIA and the NDX also made their largest one-day percentage gains since March of 2009.

The SPX, now down just -16.06%, would by the -20% definition, no longer be in a bear market.  A one day bear market?  Interesting.

 “Oh the games that talking heads play now, every night and every day now, never saying what they mean, never meaning what they say, oh yeah.”

The DJIA, closed up 1,086 points at 22,878, led by strength in BA, UNH, AAPL, HD and V.  This is the fourteenth close below 25,000 since Dec 6.

All eleven sectors were higher on Wednesday, led by energy XLE +6.22% and technology XLK +6.04%.

SPY up 11.84 at 246.18 on 218.4 million shares, 62% above average volume. Up on higher volume.

VIX down 5.66 at 30.41 

Oil up 3.93 at 46.61

TLT down 1.30 at 120.02 on 11.7 million shares. 

NKE +7.21%, AAPL +7.04%, led the DJIA, 30 advancers, +30

FOSL +12.75%, SWN +12.62% and NFX +12.54%, led the SPX.

TSLA +10.39%, AMZN +9.45%, MELI +9.43%, and ALGN +8.91% led the NDX.

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

Up:  QQQ, SPY, DIA, IWM

Down:

Breadth strengthened on Wednesday, as advancers led 2,606 to 372 on the NYSE and led 2,413 to 682 on the NASDAQ

The SPY MFC green line turned up at 8 and is short-term bullish.

Uptrend sectors:  

Neutral sectors:  XLU, XLRE,

Down trend sectors: XLB, XLV, XLP, XLI, XLY, XLC, XLK, XLF, XLE, 

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down

99 of 100 NDX stocks closed higher on Wednesday.

7 NDX stock is above its 30 DMA:  NTES, AVGO, CTRP, DLTR, REGN, WDAY, XRAY,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 6

AVGO, CTRP, DLTR, REGN, WDAY, XRAY,

Moving Below 30 DMA = 0

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SPX Joins NDX Down Over 20% From October Peak...

© 2018

SPX sinks to a new 52-week low, on Christmas Eve, marking a 20% drop (the definition by many of a bear market) from its high on Oct 3.  About 40% of this dramatic drop can be attributed to comments by Fed Chair Powell on Oct 3 and again on Dec 19.  About 25% to the IMF Global Risk Report around Oct 9.  About 25% with the Senate failing to pass a funding bill on Dec 21 and the balance can be attributed to concerns about an inverted yield curve surfacing around Dec 4, ongoing concerns with trade negotiations with China and falling oil prices.

The DJIA, closed down 653 points at 21,792, led by weakness in BA, UNH, JNJ, MMM and NKE.  This is the thirteenth close below 25,000 since Dec 6.

All eleven sectors were lower on Monday, led by real estate XLRE +0.99% and staples XLP +0.62%.

SPY down 6.36 at 234.34 on 147.3 million shares, 13% above average volume. Down on lower volume.

VIX up 5.96 at 36.07 

Oil down 2.74 at 42.68

TLT up .60 at 121.32 on 8.3 million shares. 

HD -1.46%, WMT -1.50%, led the DJIA, 0 advancers, -3

NEM +3.13%, PCG +1.76% and LKQ +1.40%, led the SPX.

CTRP +1.32% and NTES +0.25% led the NDX.

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

Up: 

Down: IWM, SPY, DIA, QQQ

Breadth was stable on Monday, as decliners led 2,325 to 605 on the NYSE and led 2,242 to 806 on the NASDAQ

The SPY MFC green line is pointed down at 4 and is short-term bearish.

Uptrend sectors:  

Neutral sectors:  XLU,

Down trend sectors: XLRE, XLB, XLV, XLP, XLI, XLY, XLC, XLK, XLF, XLE,

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down

2 of 100 NDX stocks closed higher on Monday.

1 NDX stock is above its 30 DMA:  NTES,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 1

AVGO

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