Tuesday, July 31, 2018

SPY, DIA, QQQ Form Bullish Harami in Bull Flag...AAPL +4% in After-hours on EPS...




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Eight sectors were higher on Tuesday, led by industrials XLI +2.21% and real estate XLRE +1.94%.

The DJIA, closed up 108 points at 25,415, led by strength in MMM, BA, CAT, UTX and PFE.  This is the thirteenth consecutive close above 25,000 since June 15.

SPY up 1.38 at 281.33, on 68.5 million shares, 1% above average volume. Up on higher volume.
VIX down 1.23 at 12.83

Oil down 1.66 at 68.43
TLT up .65 at 119.70 on 6.7 million shares.

MMM +3.51%, PFE +3.47%, led the DJIA, 19 advancers, +3.
HRS +9.68%, XYL +9.32% and RRC +5.90%, led the SPX.
ILMN +12.14%, KLAC +10.46%, CHTR +3.63%, and LBTYA +3.41%, led the NDX.

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

Up: IWM, QQQ, DIA, SPY
Down:

Breadth strengthened on Monday, as advancers led 1,970 to 934 on the NYSE and led 1,877 to 1,071 on the NASDAQ

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

Uptrend sectorsXLV, XLP, XLY, XLK, XLU, XLRE,
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 sideways.

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

71 of 100 NDX stocks closed higher on Tuesday.


57 NDX stocks are above their 30 DMA.  COST, AMGN, REGN, HAS, MDLZ, MNST, HOLX, HSIC, CTSH, ALXN, ISRG, AMZN, CTRP, GILD, IDXX, SHPG, BMRN, CELG, VRTX, CHKP, EXPE, BIIB, CA, CTAS, FB, GOOGL, MELI, ORLY, CTXS, MSFT, FAST, AAPL, DLTR, QCOM, WBA, ASML, PCAR, ROST, XLNX, CSX, XRAY, CERN, MAR, SBUX,  AAL, AMAT, CMCSA, LRCX, ESRX, KLAC, MXIM, VOD, CHTR, ILMN, MYL, VRSK, WYNN,

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 5
CHTR, ILMN, MYL, VRSK, WYNN,

Moving Below 30 DMA = 1
NTES,


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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