SPY, DIA, QQQ Pullback, Test HBO, Forming Bull Flag as Financials Lead...

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The financial sector was strongest on Thursday with gains in MS, BAC, JPM, C, IBKR and many other financial stocks.  Semiconductor stocks were led lower by a EPS miss and lower guidance from TSM -5.70%.  AMAT, ADI, QCOM, MU, XLNX, TXN, STX, NVDA and INTC fell in sympathy with TSM.

The DJIA, closed down 83 points at 24,664, led by weakness in AAPL, HD, PG, MCD and DWDP. 

Two sectors were higher on Thursday, led by financial XLF +1.53% and energy XLE +0.12%.

SPY down 1.50 at 268.89 on 77.6 million shares, 26% below average volume. Down on higher volume.

VIX up .36 at 15.96

Oil down .60 to 68.16

TLT down .98 at 119.32 on 9.8 million shares.

AXP +7.59%, GE +2.42%, led the DJIA, 8 advancers.

SNA +6.23%, BK +5.70% and GWW +5.34%, led the SPX.

TSLA +2.29%, AMZN +1.90%, GOOGL +1.31%, and FB +1.05%, led the NDX.

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

Up:

Down:  DIA, SPY, IWM, QQQ

Breadth weakened on Thursday, as decliners led 1,989 to 894 on the NYSE and led 1,806 to 1,062 on the NASDAQ.

The SPY MFC green line is pointed up and is at 55, bullish. 

Uptrend sectors:  XLU, XLE,

Neutral sectors: XLRE, XLY, XLF, XLV, XLI, XLB, XLK, XLP

Down trend sectors:

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past two months and it is appropriate to wait for the uptrend to resume before considering entry… ADBE, IBKR, ETFC, EL, TPR, WIX, NDAQ, WYNN, MU, VRSN, ANET, AKAM, COP, CRM, HRS, KORS, NTAP,

SQ, CMA, CME, RNG, AA, WUBA, FCAU, MA, V, ALGN, TAL,

BA, DLTR, NVDA, MAR, ISRG, WB, RACE, SHOP,

12 of 100 NDX stocks closed higher on Thursday.

49 NDX stocks are above their 30 DMA.  WYNN, SHPG, ADBE, HSIC, SBUX, VRSK, DLTR, ULTA, VOD, ADP, CTXS, INTC, PCAR, STX, SYMC, ALGN, BMRN, CELG, CHKP, COST, ILMN, MSFT, NFLX, FOXA, CA, CSCO, CSX, CTAS, EXPE, IDXX, INTU, JBHT, MNST, ROST, TMUS, ADSK, AMZN, BKNG, CTSH, ESRX, GOOGL, HOLX, ISRG, MAR, PYPL, SNPS, WDAY, EBAY, SIRI,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 2

FB, LBTYA,

Moving Below 30 DMA = 13

AAPL, ADI, ASML, AVGO, CDNS, CERN, DISH, EA, FISV, MAT, NVDA, SNPS, WBA,

The intermediate and long-term trends are still up.  The three-month trend is sideways.  The ten-day trend is up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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SPX Momentum Slows as Earning's Season Continues...

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The DJIA, closed down 38 points at 24,748, led by weakness in IBM, JNJ and UNH offset by strength in HD, BA, CAT and CVX.

Five sectors were higher on Wednesday, led by energy XLU +1.57% and industrials XLI +1.04%.

SPY up .20 at 270.39 on 57.3 million shares, 41% below average volume. Up on lower volume.

VIX up .35 at 15.60

Oil up 2.09 to 68.76

TLT down .97 at 120.30 on 8.1 million shares.

HD +2.82%, CVX +1.94%, led the DJIA, 14 advancers.

DVN +7.15%, TXT +6.76% and NFX +5.88%, led the SPX.

ISRG +8.17%, CSX +7.85%, SHPG +4.80%, and AAL +4.39%, led the NDX.

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

Up: IWM, SPY, QQQ

Down:  DIA,

Breadth weakened on Wednesday, as advancers led 1,603 to 1,266 on the NYSE and led 1,497 to 1,358 on the NASDAQ.

The SPY MFC green line is pointed up and is at 53, bullish. 

Uptrend sectors:  XLRE, XLU, XLE,

Neutral sectors: XLY, XLF, XLV, XLI, XLB, XLK, XLP

Down trend sectors:

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past two months and it is appropriate to wait for the uptrend to resume before considering entry… ADBE, IBKR, ETFC, EL, TPR, WIX, NDAQ, WYNN, MU, VRSN, ANET, AKAM, COP, CRM, HRS, KORS, NTAP,

SQ, CMA, CME, RNG, AA, WUBA, FCAU, MA, V, ALGN, TAL,

BA, DLTR, NVDA, MAR, ISRG, WB, RACE, SHOP,

56 of 100 NDX stocks closed higher on Wednesday.

60 NDX stocks are above their 30 DMA.  WYNN, SHPG, ADBE, HSIC, SBUX, VRSK, DLTR, ULTA, VOD, ADP, ASML, CTXS, INTC, PCAR, STX, SYMC, AAPL, ADI, ALGN, BMRN, CELG, CHKP, COST, ILMN, MSFT, NFLX, AVGO, FOXA, CA, CSCO, CSX, CTAS, EXPE, IDXX, INTU, JBHT, MNST, ROST, TMUS, ADSK, AMZN, BKNG, CDNS, CTSH, EA, ESRX, FISV, GOOGL, HOLX, ISRG, MAR, NVDA, PYPL, SNPS, WDAY, CERN, DISH, EBAY, SIRI, WBA,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 5

CERN, DISH, EBAY, SIRI, WBA,

Moving Below 30 DMA = 4

AMAT, FB, LRCX, MYL,

The intermediate and long-term trends are still up.  The three-month trend is sideways.  The ten-day trend is up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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SPX Up on Strong Breadth for Second Straight Day...

Breadth strengthened on Tuesday, as advancers led 2,131 to 766 on the NYSE and led 1,982 to 920 on the NASDAQ.

The SPY MFC green line is pointed up and is at 47, bullish. 

Uptrend sectors:  XLRE, XLU, XLE,

Neutral sectors: XLY, XLF, XLV, XLI, XLB, XLK, XLP

Down trend sectors:

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past two months and it is appropriate to wait for the uptrend to resume before considering entry… ADBE, IBKR, ETFC, EL, TPR, WIX, NDAQ, WYNN, MU, VRSN, ANET, AKAM, COP, CRM, HRS, KORS, NTAP,

SQ, CMA, CME, RNG, AA, WUBA, FCAU, MA, V, ALGN, TAL,

BA, DLTR, NVDA, MAR, ISRG, WB, RACE, SHOP,

87 of 100 NDX stocks closed higher on Tuesday.

59 NDX stocks are above their 30 DMA.  WYNN, SHPG, ADBE, HSIC, SBUX, VRSK, DLTR, ULTA, VOD, ADP, ASML, CTXS, INTC, PCAR, STX, SYMC, AAPL, ADI, ALGN, BMRN, CELG, CHKP, COST, ILMN, MSFT, NFLX, AVGO, FOXA, CA, CSCO, CSX, CTAS, EXPE, IDXX, INTU, JBHT, MNST, ROST, TMUS, ADSK, AMZN, AMAT, BKNG, CDNS, CTSH, EA, ESRX, FB, FISV, GOOGL, HOLX, ISRG, LRCX, MAR, MYL, NVDA, PYPL, SNPS, WDAY

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 20

ADSK, AMZN, AMAT, BKNG, CDNS, CTSH, EA, ESRX, FB, FISV, GOOGL, HOLX, ISRG, LRCX, MAR, MYL, NVDA, PYPL, SNPS, WDAY

Moving Below 30 DMA = 1

HAS

The intermediate and long-term trends are still up.  The three-month trend is sideways.  The ten-day trend is up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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SPX Highest Close Since Mar 21...VIX Confirms with Lowest Close Since Mar 16...NFLX Gains After-hours...

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Futures rose overnight and moved higher on Monday.  After the close NFLX gained $16 on a positive EPS reaction.

The DJIA, closed up 212 points at 24,573, led by strength in UNH, BA, MMM, GS, CAT, HD, TRV, IBM, and JNJ. (146 points) 

All ten sectors were higher on Monday, led by utilities XLU +1.10% and materials XLB +0.79%.

SPY up 2.18 at 267.33 on 63.4 million shares, 41% below average volume. Up on lower volume.

VIX down .85 at 16.56

Oil down 1.05 to 66.34

TLT up .04 at 120.94 on 4.4 million shares.

UNH +2.69%, MRK +2.59%, led the DJIA, 25 advancers.

CVS +4.21%, ECL +4.09% and NLSN +4.05%, led the SPX.

JBHT +6.19%, WBA +3.76%, ULTA +3.19%, and COST +3.00%, led the NDX.

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

Up: IWM, DIA, SPY, QQQ

Down:  

Breadth strengthened on Monday, as advancers led 2,121 to 784 on the NYSE and led 1,778 to 1,121 on the NASDAQ.

The SPY MFC green line is pointed up and is at 43, bullish. 

Uptrend sectors:  XLRE, XLU, XLE,

Neutral sectors: XLY, XLF, XLV, XLI, XLB, XLK, XLP

Down trend sectors:

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past two months and it is appropriate to wait for the uptrend to resume before considering entry… ADBE, IBKR, ETFC, EL, TPR, WIX, NDAQ, WYNN, MU, VRSN, ANET, AKAM, COP, CRM, HRS, KORS, NTAP,

SQ, CMA, CME, RNG, AA, WUBA, FCAU, MA, V, ALGN, TAL,

BA, DLTR, NVDA, MAR, ISRG, WB, RACE, SHOP,

80 of 100 NDX stocks closed higher on Monday.

40 NDX stocks are above their 30 DMA.  WYNN, SHPG, ADBE, HSIC, SBUX, VRSK, DLTR, ULTA, VOD, ADP, ASML, CTXS, INTC, PCAR, STX, SYMC, AAPL, ADI, ALGN, BMRN, CELG, CHKP, COST, ILMN, MSFT, NFLX, AVGO, FOXA, HAS, CA, CSCO, CSX, CTAS, EXPE, IDXX, INTU, JBHT, MNST, ROST, TMUS,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 11

CA, CSCO, CSX, CTAS, EXPE, IDXX, INTU, JBHT, MNST, ROST, TMUS,

Moving Below 30 DMA = 0

The intermediate and long-term trends are still up.  The three-month trend is sideways.  The ten-day trend is up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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