Thursday, September 27, 2018

Utilities, Communications, Tech Sectors Lead NDX, SPX Higher...




© 2018

SQ, V and CRM hit new highs on Thursday.

The DJIA, closed up 54 points at 26,439led by strength in AAPL, BA and UNH.  This is the fifty-fourth consecutive close above 25,000 since June 15 and the eleventh close above 26,000 since Feb 1.

Eight of eleven sectors were higher, led by utilities XLU +1.03% and communications XLC +0.86%.

SPY up .81 at 290.69, on 59.2 million shares, 3% below average volume. up on lower volume.
VIX down .48 at 12.41 
Oil up .15 at 72.19
TLT up .08 at 117.50 on 5.7 million shares. 

AAPL +2.06%, WBA +1.17%, led the DJIA, 17 advancers, +9
ALK +2.77%, FOSL +2.59% and NRG +2.50%, led the SPX.
REGN +3.70%, MELI +2.82%, TMUS +2.47%, and INCY +2.40%, led the NDX.


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

Up: QQQ, SPY, DIA, IWM
Down

Breadth strengthened on Thursday, as advancers led 1,572 to 1,278 on the NYSE and led 1,467 to 1,442 on the NASDAQ

The SPY MFC green line is pointed up in the upper zone at 83 bullish

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

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

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

67 of 100 NDX stocks closed higher on Thursday.


59 NDX stocks are above their 30 DMA.  COST, AMGN, ISRG, CHKP, CA, ORLY, QCOM, ROST, XLNX, SBUX, ILMN, VRSK, CSCO, ADP, TTWO, ESRX, ADSK, ADBE,  INTU, ALGN, CHTR, SYMC, AVGO, ULTA, MAR, HAS, HSIC, WBA, ATVI, NFLX, AAL, MDLZ, MSFT, TMUS, LBTYA, SHPG, QRTEA, HOLX, ALXN, BKNG, CTSH, EXPE, BIDU, FISV, GILD, NTES, REGN, VRTX, AAPL, FOXA, AMZN, BIIB, TSLA, CSX, EA, FB, GOOGL, IDXX, MELI,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 6
CSX, EA, FB, GOOGL, IDXX, MELI,

Moving Below 30 DMA = 2
PAYX, PYPL,

Intermediate-term trending stocks
ADBE, COST, DG, AAPL, AMZN, MA, V, AET, ISRG, PAYX, VRSN, COP, CRM, NTAP, RNG, SQ, UNH, NVDA, ALGN, CHGG, GRUB, TWLO, W, CDNS, PAYC, FISV, NDAQ, LPSN, PSTG, ZUMZ, WIX, SHAK, ETFC, EL, CME, KORS, A, WUBA,

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