SPY Breaks Out to a New High...AAPL Another New High...

© 2018

SPY continued its rally for the third day making a new all-time closing high of 284.64 closing 48 cents above the Jan 26 close.  AAPL also made a new all-time closing high.

Eight sectors were higher on Monday, led by discretionary XLY +0.67% and technology XLK +0.54%.

The DJIA, closed up 39 points at 25,502, led by strength in DIS, GS, AAPL, CAT and DWDP.  This is the seventeenth consecutive close above 25,000 since June 15.

SPY up 1.04 at 284.64, on 39.4 million shares, 35% below average volume. Up on lower volume. New all-time high.

VIX down .37 at 11.27.  VIX makes its lowest close since Jan. 29.

Oil up .22 at 68.90

TLT up .07 at 119.29 on 4.2 million shares. 

DIS +1.62%, DWDP +1.41%, led the DJIA, 23 advancers, -4.

JEC +7.78%, AMD +5.08% and PCG +3.77%, led the SPX.

TMUS +7.72%, DISH +5.85%, FB +4.45%, and WYNN +2.52%, led the NDX.

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

Up: QQQ, IWM, SPY, DIA,

Down:

Breadth strengthened on Monday, as advancers led 1,708 to 1,149 on the NYSE and led 1,808 to 1,104 on the NASDAQ

The SPY MFC green line is in the upper zone pointed up at 87, bullish. 

Uptrend sectors:  XLV, 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: Up

63 of 100 NDX stocks closed higher on Monday.

69 NDX stocks are above their 30 DMA.  COST, AMGN, REGN, HAS, MDLZ, HOLX, HSIC, ISRG, AMZN, GILD, IDXX, SHPG, CELG, VRTX, CHKP, EXPE, BIIB, CA, CTAS, GOOGL, MELI, ORLY, CTXS, MSFT, FAST, AAPL, DLTR, QCOM, WBA, ASML, PCAR, ROST, XLNX, CSX, XRAY, CERN, SBUX,  AMAT, CMCSA, LRCX, KLAC, MXIM, ILMN, VRSK, SNPS, ADBE, ALGN, CDNS, CSCO, MCHP, NVDA, PAYX, TMUS, TSLA, TXN, WDAY, AAL, CHTR, DISH, FISV, KHC, MYL, QRTEA, VOD, ADI, ADSK, BKNG, JBHT, MAR,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 5

ADI, ADSK, BKNG, JBHT, MAR,

Moving Below 30 DMA = 3

BMRN, LBTYA, TTWO,

Intermediate-term trending stocks: 

ADBE, ETFC, MA, V, ISRG, WIX, NDAQ, VRSN, COP, CRM, NTAP, RNG, SQ, ALGN, GRUB, AKAM, CDNS, FISV, BA, MU, CMA, HRS, SHOP, EL, NVDA, CME,

MAR, ANET, KORS, IBKR, RACE, WYNN, TAL, AA, WUBA, FCAU,

Add Comments here