Bull Flag Bounce with FOMC Volatility...DJIA +72 at 26,149...

After the Close video will return on Thursday…

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The DJIA closed at 26,149, up 72 points on strength in BA, MSFT, UTX, TRV and NKE.  Wednesday was the eleventh close above 26,000, and the nineteenth close above 25,000.  

Record highs: BA, MSFT, TRV, ADP, ATVI, IDXX, MAR, MELI, NVDA, PYPL, VRSK

Seven sectors were higher on Wednesday, led by real estate XLRE +2.05% and utilities XLU +1.11%. 

SPY up .14 at 281.90 on 118.9 million shares, 26% above average volume.  Up on lower volume.

VIX down 1.25 at 13.54

Oil up .78 to 64.77

TLT up .72 at 122.73 on 18.0 million shares, 80% above average volume.  Up on higher volume.

BA +4.93% and MSFT +2.45%, led the DJIA, 17 advancers.

AMD +6.76%, DLR +5.06%, and AVY +4.56%, led the SPX.

TTWO +7.07%, EA +6.96%, MU +4.92%, ATVI +3.52%, and AAL +3.29%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is down.

Up: QQQ, DIA, SPY,

Down: IWM,

Breadth strengthened on Wednesday, as advancers led 1,563 to 1,371 on the NYSE and decliners led 1,803 to 1,106 on the NASDAQ.

The SPY MFC green line is in the upper zone at 88, bullish.

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

Neutral sectors: XLRE,

Down trend sectors: XLU,

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past month and it is appropriate to wait for the uptrend to resume before considering entry… BA, CAT, MAR, V, CBOE, IBKR, TRU, WYN, MCD, WYNN, ADBE, PYPL, ANET, RNG, NVDA, ISRG, VRSN, CDNS, AA, WUBA, TAL, EDU, FCAU, LRCX, CC, WB, MU, LYV, FB, A, TTWO, AABA, BABA, CCL, RCL, SHOP, ATVI, SQ, RACE, ALGN,  

53 of 100 NDX stocks closed higher on Wednesday.

69 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 4                            

AAL, ADI, CDNS, MU,

Moving Below 30 DMA = 7

ALXN, CERN, CHKP, CSX, PCAR, REGN, TXN,

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

Pullback Day 2: DJIA -376 at 26,076...State of the Union Tonight...FOMC Wednesday...

After the Close Review of Tuesday’s market action…QQQ, IWM, SPY, DIA, $INDU, UNH, CAT, NTAP, ATVI, COST, more great setups …11:35 pm PST

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Nine sectors were lower on Tuesday, led by utilities XLU +0.18%  and real estate XLRE -0.41%. 

SPY down 2.92 at 281.76 on 131.7 million shares, 48% above average volume.  Down on higher volume.

VIX up .95 at 14.79

Oil down 1.53 to 63.99

TLT down .72 at 122.01 on 12.0 million shares, 23% above average volume.  Down on lower volume.

CAT +0.73% and PG +0.10%, led the DJIA, 2 advancers.

HRS +6.20%, HCA +3.92%, and QRVO +3.64%, led the SPX.

WYNN +4.84%, WDAY +3.21%, AMZN +1.42%, CERN +0.92%, and EA +0.89%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is down.

Up: 

Down: QQQ, IWM, SPY, DIA,

Breadth weakened on Tuesday, as decliners led 2,393 to 577 on the NYSE and led 2,214 to 721 on the NASDAQ.

The SPY MFC green line is in the upper zone at 91, bullish.

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

Neutral sectors: XLRE,

Down trend sectors: XLU,

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past month and it is appropriate to wait for the uptrend to resume before considering entry… BA, CAT, MAR, V, CBOE, IBKR, TRU, WYN, MCD, WYNN, ADBE, PYPL, ANET, RNG, NVDA, ISRG, VRSN, CDNS, AA, WUBA, TAL, EDU, FCAU, LRCX, CC, WB, MU, LYV, FB, A, TTWO, AABA, BABA, CCL, RCL, SHOP, ATVI, SQ, RACE, ALGN,  

17 of 100 NDX stocks closed higher on Tuesday.

72 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1                            

CERN,  

Moving Below 30 DMA = 11

ADI, AMAT, BIDU, BMRN, CDNS, HOLX, INCY, KLAC, LRCX, MYL, PAYX,

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

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WYNN, AAPL Lead Pullback in DIA, QQQ, SPX...VIX Jumps as Earnings Season Continues

After the Close video returns on Tuesday...

The DJIA closed at 26,439, down 177 points on weakness in AAPL, CAT, CVX, MMM, BA, HD, JNJ, V and UTX.  Monday was the ninth close above 26,000, and the seventeenth close above 25,000. 

Record highs: CSCO, GS, JPM, MSFT, TRV, UNH, V, WMT, AMZN, ATVI, FISV, GOOGL, MAR, MELI, MNST, NVDA, PCAR, 

All sectors were lower on Monday, led by healthcare XLV -0.27% and discretionary XLY -0.28%. 

SPY down 1.90 at 284.68 on 90.1 million shares, 3% above average volume.  Down on lower volume.

VIX up 2.76 at 13.84

Oil down .72 to 65.52

TLT down .86 at 122.73 on 12.2 million shares, 28% above average volume.  Down on higher volume.

GS +1.62% and WMT +1.07%, led the DJIA, 5 advancers.

DPS +21.42%, DLPH +2.89%, and AMD +2.86%, led the SPX.

MXIM +12.30%, GILD +3.91%, NFLX +3.64%, REGN +2.28%, and MELI +2.20%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up:

Down: QQQ, IWM, DIA, SPY

Breadth weakened on Monday, as decliners led 2,460 to 532 on the NYSE and led 2,021 to 917 on the NASDAQ.

The SPY MFC green line is in the upper zone at 95, bullish.

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

Neutral sectors: XLRE,

Down trend sectors: XLU,

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past month and it is appropriate to wait for the uptrend to resume before considering entry… BA, CAT, MAR, V, CBOE, IBKR, TRU, WYN, MCD, WYNN, ADBE, PYPL, ANET, RNG, NVDA, ISRG, VRSN, CDNS, AA, WUBA, TAL, EDU, FCAU, LRCX, CC, WB, MU, LYV, FB, A, TTWO, AABA, BABA, CCL, RCL, SHOP, ATVI, SQ, RACE, ALGN,  

30 of 100 NDX stocks closed higher on Monday.

82 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 2                            

HOLX, REGN,

Moving Below 30 DMA = 3

KHC, MU, WYNN,

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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DJIA 26,616 All-time New Closing High...

The NDX, SPX, and DJIA a made a new all-time closing high on Friday.

The DJIA closed at 26,616, up +223 points on strength in INTC, PFE, MMM, MSFT, WMT, MCD, DIS, UNH, IBM, HD and V.  Friday was the eighth close above 26,000, and the sixteenth close above 25,000.  

Record highs: CSCO, DWDP, HD, JPM, MCD, MMM, MSFT, TRV, UNH, V, WMT, ADBE, ALGN, ASML, ATVI, CTSH, FISV, GOOGL, IDXX, MAR, MELI, MNST, NVDA, PCAR, PYPL, 

Ten sectors were higher on Friday, led by healthcare XLV +2.15% and technology XLK +1.59%. 

SPY up 3.28 at 286.58 on 107.7 million shares, 22% above average volume.  Up on low higher volume.

VIX down .50 at 11.08

Oil up 1.01 to 66.24

TLT down .46 at 123.59 on 9.0 million shares, 31% below average volume.  Down on lower volume.

INTC +10.55% and PFE +4.78%, led the DJIA, 25 advancers.

ABBV +13.77%, AJG +7.37%, and HCA +4.57%, led the SPX.

MXIM +7.06%, JD +6.59%, MELI +6.05%, GILD +5.26%, and MCHP +4.49%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: QQQ, SPY, DIA, IWM,

Down:

Breadth strengthened on Friday, as advancers led 1,602 to 1,327 on the NYSE and led 1,759 to 1,132 on the NASDAQ.

The SPY MFC green line is in the upper zone at 96, bullish.

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

Neutral sectors: XLRE,

Down trend sectors: XLU,

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past month and it is appropriate to wait for the uptrend to resume before considering entry… BA, CAT, MAR, V, CBOE, IBKR, TRU, WYN, MCD, WYNN, ADBE, PYPL, ANET, RNG, NVDA, ISRG, VRSN, CDNS, AA, WUBA, TAL, EDU, FCAU, LRCX, CC, WB, MU, LYV, FB, A, TTWO, AABA, BABA, CCL, RCL, SHOP, ATVI, SQ, RACE, ALGN,

92 of 100 NDX stocks closed higher on Friday.

83 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 6                            

CHKP, CSX, CTRP, MU, PAYX, XLNX

Moving Below 30 DMA = 2

REGN, SBUX   

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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DJIA 26,392, +140 Points, New Record Close on strength in BA, MMM...INTC Gains on EPS in After-hours...

After the Close Review of Wednesday’s market action…INDU, DIA, BA, MMM, JNJ, UTX, GS, CAT, SPY, IWM, QQQ, ADBE, ADSK, COST, DLTR, NKE, ROST, ATVI, IBM, $VIX, more great setups …9:37 pm PST

© 2018

Price volatility again ruled the day on Thursday as the SPX +1.71 opened higher, followed by a selloff, a rally, a selloff and a rally into the close.  The SPX barely made a new all-time closing high, just .12 point above Tuesday’s previous all-time closing high.

The DJIA closed at 26,392, up 140 points on strength in BA, MMM, JNJ, UTX, GS, and CAT.  Thursday was the seventh close above 26,000, and the fifteenth close above 25,000. 

Record highs: DWDP, GS, JPM, MMM, MSFT, TRV, UNH, V, VZ, WMT, ALGN, ATVI, FISV, FOXA, GOOGL, IDXX, ISRG, MAR, MELI, NFLX, PYPL,

Five sectors were higher on Thursday, led by utilities XLF +1.55% and healthcare XLV +0.86%. 

SPY up .12 at 283.30 on 84.5 million shares, 2% below average volume.  Down on lower volume.

VIX up .11 at 11.58

Oil down .65 to 65.23

TLT up 1.01 at 123.04…on 9.0 million shares, 28% above average volume.  Up on higher volume.

BA +2.52% and MMM +1.89%, led the DJIA, 21 advancers.

VAR +12.35%, ES +5.63%, and GWW +5.32%, led the SPX.

NFLX +3.21%, ISRG +2.82%, REGN +2.22%, BIIB +2.09%, and COST +1.91%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: DIA, SPY, IWM,

Down: QQQ,

Breadth strengthened on Thursday, as decliners led 1,583 to 1,331 on the NYSE and led 1,461 to 1,412 on the NASDAQ.

The SPY MFC green line is in the upper zone at 96, bullish.

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

Neutral sectors: XLRE,

Down trend sectors: XLU,

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past month and it is appropriate to wait for the uptrend to resume before considering entry… BA, CAT, MAR, V, CBOE, IBKR, TRU, WYN, MCD, WYNN, ADBE, PYPL, ANET, RNG, NVDA, ISRG, VRSN, CDNS, AA, WUBA, TAL, EDU, FCAU, LRCX, CC, WB, MU, LYV, FB, A, TTWO, AABA, BABA, CCL, RCL, SHOP, ATVI, SQ, RACE, ALGN,  

46 of 100 NDX stocks closed higher on hursday.

79 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 0                            

 

Moving Below 30 DMA = 4

AAL, CHKP, CSX, XLNX,  

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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DJIA 26,252 Record High...Strong Start Erodes After China Trade War Concerns...

After the Close Review of Wednesday’s market action…INDU, $VIX, DIA, SPY, IWM, QQQ, TXN, IBM, MCHP, AVGO,, LRCX, MXIM, SWKS, XLNX, ADBE, ADSK, COST, DLTR, GS, JPM, C, BAC, ROST, XLE, XLB, TAL, CAT, more great setups …9:10 pm PST

© 2018

Stocks slide after Commerce Secretary warns that China’s efforts in AI, electric cars and semiconductors is a threat to US, raising concerns of a potential trade war.

The DJIA closed at 26,252, up 41 points on strength in GS, VZ, AXP, NKE, JPM, TRV, HD, and MMM.  Wednesday was the sixth close above 26,000, and the fourteenth close above 25,000.  The SPX, NDX and RUT each made a new all-time intra-day high before closing lower on Wednesday.

Record highs: CSCO, GS, HD, JPM, MSFT, NKE, TRV, UNH, V, VZ, WMT, ALGN, ASML, ATVI, CMCSA, CTSH, FISV, FOXA, GOOGL, IDXX, ISRG, KLAC, MAR, MELI, MNST, NFLX, NVDA, PCAR, PYPL, SNPS, VRSK, 

Five sectors were higher on Wednesday, led by financial XLF +0.67% and materials XLB +0.43%. 

SPY down .11 at 283.18 on 97.0 million shares, 54% above average volume.  Down on higher volume.

VIX up .37 at 11.47

Oil up 1.41 to 65.88

TLT down .67 at 123.04…on 9.0 million shares, 1% below average volume.  Down on lower volume.

GS +2.15% and VZ +1.86%, led the DJIA, 15 advancers.

GWW +18.53%, NAVI +7.96%, and GD +5.68%, led the SPX.

FAST +4.50%, NFLX +4.40%, JD +3.45%, DISH +3.02%, and WYNN +2.89%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: DIA,

Down: SPY, IWM, QQQ,

Breadth weakened on Wednesday, as decliners led 1,633 to 1,269 on the NYSE and led 1,855 to 1,006 on the NASDAQ.

The SPY MFC green line is in the upper zone at 97, bullish.

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

Neutral sectors: XLRE,

Down trend sectors: XLU,

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past month and it is appropriate to wait for the uptrend to resume before considering entry… BA, CAT, MAR, V, CBOE, IBKR, TRU, WYN, MCD, WYNN, ADBE, PYPL, ANET, RNG, NVDA, ISRG, VRSN, CDNS, AA, WUBA, TAL, EDU, FCAU, LRCX, CC, WB, MU, LYV, FB, A, TTWO, AABA, BABA, CCL, RCL, SHOP, ATVI, SQ, RACE, ALGN,  

39 of 100 NDX stocks closed higher on Wednesday.

83 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 0                            

 

Moving Below 30 DMA = 4

AAPL, MU, PAYX, SWKS,  

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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