Monday, July 23, 2018

HAS +12.89% on EPS...GOOG +3.28% After-hours on EPS...SPY, QQQ, DIA Bull Flag...




© 2018

Earning reports this week coming from:
NDX stocks: BIIB, PCAR, TXN, SIRI, CHKP, FB, PYPL, ALGN, GILD, VRTX, CTXS, QCOM, XLNX, MDLZ, AAL, ALXN, CELG, ORLY, MXIM, EXPE, EA, INTC, LRCX, SBUX, AMZN and WDC. 

DJIA stocks: UTX, VZ, MMM, KO, BA, V, MCD, INTC, MRK, XOM and CVX.

Three sectors were higher on Monday, led by financial XLF +1.38% and technology XLK +0.51%.

The DJIA, closed down 13 points at 25,044, led by weakness in MMM and BA and offset by strength in GS, JPM, MSFT and AXP.  This is the seventh consecutive close above 25,000 since June 15.

SPY up .52 at 280.20, on 47.0 million shares, 32% below average volume. Up on lower volume.
VIX down .24 at 12.62
Oil down .34 at 67.80
TLT down 1.49 at 119.27 on 11.5 million shares.

JPM +1.86%, MSFT +1.70%, led the DJIA, 13 advancers, +0.
MAT +3.88%, NTRS +2.94% and WFC +2.82%, led the SPX.
HAS +12.89%, XRAY +3.33%, AVGO +3.04%, and ESRX +2.40%, led the NDX.

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

Up: QQQ, SPY, IWM
Down: DIA,

Breadth was similar on Monday, as decliners led 1,642 to 1,225 on the NYSE and led 1,467 to 1,425 on the NASDAQ

The SPY MFC green line is in the upper zone at 93, bullish

Uptrend sectorsXLV, XLY, XLK, XLU, XLRE, XLP,
Neutral sectors: XLE, XLB, XLF, XLI,
Down trend sectors:

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

3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down, bull flag

57 of 100 NDX stocks closed higher on Monday.


66 NDX stocks are above their 30 DMA.  

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 2
INTC, SIRI,

Moving Below 30 DMA = 5
LRCX, QRTEA, SYMC,


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,

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