IWM, QQQ All-time Closing High...VIX Continues to Slide...

© 2018

AAPL, AMZN, FB, MSFT, NFLX, NVDA, INTC, ADBE, ADI, ADP, ALGN, CTAS, FISV, IDXX, ILMN, INTU, ISRG, MCHP, ORLY, and VRSK made new highs. 

The DJIA, closed up 178 points at 24,813, led by strength in BA, HD, WMT, V and AAPL.

Seven sectors were higher on Monday, led by discretionary XLY +1.12% and real estate XLRE +0.98%.

SPY up 1.30 at 274.90 on 45.3 million shares, 38% below average volume. Up on lower volume.

VIX down .72 at 12.74

Oil down .83 to 64.88

TLT down .87 at 119.43 on 7.1 million shares.

WMT +2.93%, MRK +2.41%, led the DJIA, 24 advancers.

FOSL +8.69%, UAA +6.32% and TGT +4.88%, led the SPX.

JD +5.74%, BIDU +5.01%, ULTA +4.67%, and MELI +3.70%, led the NDX.

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

Up: QQQ, DIA, IWM, SPY,

Down:

Breadth weakened on Monday, as advancers led 1,897 to 997 on the NYSE and led 1,653 to 1,290 on the NASDAQ.

The SPY MFC green line is in the upper zone and is at 85, bullish. 

Uptrend sectors:  XLK, XLRE, XLE, XLY,

Neutral sectors: XLF, XLV, XLI, XLB, XLU

Down trend sectors: XLP

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 entry… RACE, ADBE, IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA, WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP,

BA, MU, MAR, CMA, CME, ANET, HRS, KORS,

DLTR, WB, EL, TPR,

74 of 100 NDX stocks closed higher on Monday.

75 NDX stocks are above their 30 DMA.  

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 6

BIDU, EBAY, GILD, JD, MNST, ULTA,

Moving Below 30 DMA = 2

MYL, WYNN,

The 6-month intermediate and long-term trends are still up.  The three-month trend is sideways.  The ten-day trend.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Up

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