Wednesday, August 1, 2018

AAPL, AMZN, GOOGL, MSFT Lift NDX...FOMC Leaves Rates Unchanged, Indicate Economy Strong...



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AAPL +11.21, +5.89% on a strong EPS report and leads NDX higher as AMZN, GOOGL and MSFT also rise.

Three sectors were higher on Wednesday, led by technology XLK +0.90% and real estate XLRE +0.67%.

The DJIA, closed down 81 points at 25,333, led by weakness in MMM, CAT, BA, IBM and GS.  This is the fourteenth consecutive close above 25,000 since June 15.

SPY down .47 at 280.86, on 58.8 million shares, 18% below average volume. Down on lower volume.
VIX up .32 at 13.15
Oil down .58 at 67.85
TLT down 1.24 at 118.46 on 13.3 million shares.

AAPL +5.89%, INTC +1.48%, led the DJIA, 10 advancers, -9.
TAP +3.48%, BXP +3.43% and CHRW +3.42%, led the SPX.
VRSK +3.79%, SHPG +2.93%, BIIB +2.90%, and LBTYA +2.62%, led the NDX.

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

Up: QQQ,
Down: IWM, SPY, DIA

Breadth weakened on Wednesday, as decliners led 1,816 to 1,081 on the NYSE and led 1,495 to 1,407 on the NASDAQ

The SPY MFC green line is in the upper zone pointed down at 81, short-term yellow alert

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: Sideways

38 of 100 NDX stocks closed higher on Wednesday.


55 NDX stocks are above their 30 DMA.  COST, AMGN, REGN, HAS, MDLZ, 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,  AMAT, CMCSA, LRCX, KLAC, MXIM, VOD, CHTR, ILMN, MYL, VRSK, LBTYA, SNPS,

NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 2
LBTYA, SNPS,

Moving Below 30 DMA = 4
AAL, ESRX, MNST, WYNN,


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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