© 2018
Stocks
open lower on Monday as trade tensions continue.
QQQ, SPY and
DIA are in a bull flag price pattern.
The DJIA, closed down 103 points at 24,987, led by weakness in BA, INTC, DIS, TRV and PG.
Three sectors were higher on Monday, led by energy XLE +1.28% and
utilities XLU
+0.32%.
SPY down .57 at 276.56, on 52.9 million shares, 22% below average
volume. Down on lower volume.
VIX up .33 at 12.31
Oil up 1.30 at 65.68
TLT down .11 at 120.27 on
4.8 million shares.
CVX +1.56%, V
+0.81%, led the DJIA, 8 advancers.
XEC +5.71%, AMD
+4.71% and
NBL +3.37%, led the SPX.
TSLA +3.53%, WDAY
+2.37%, ADSK +2.37%,
and GOOGL +2.10%, led
the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is down.
Up: IWM,
Down:
SPY, QQQ, DIA,
Breadth strengthened
on Monday, as advancers led 1,653
to 1,249 on the NYSE and led 1,497 to
1,414 on
the NASDAQ
The SPY MFC green
line is in the
upper zone and is at 94, bullish.
Uptrend
sectors: XLY,
XLK, XLRE, XLE,
Neutral
sectors: XLF, XLV, XLI, XLB, XLU
Down
trend sectors: XLP
Intermediate-term trending stocks:
RACE, ADBE,
IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA,
WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP, EL
BA, MU,
MAR, CMA, CME, ANET, HRS, KORS,
DLTR, WB,
TPR,
29 of 100
NDX stocks closed higher on Monday.
76
NDX stocks are above their 30
DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
WDAY,
Moving Below 30 DMA = 7
ALXN, BIIB, FAST, INTC,
KLAC, VRTX, XLNX
The
6-month intermediate and long-term trends are still up. The three-month trend
is sideways. The ten-day trend is up.
3-month Intermediate Term
Market Trend: Sideways
3-day Short Term Market Trend: Down
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