Tuesday, October 2, 2018

DJIA 26,773 All-time Closing High...



© 2018


DIA, AAPL, BA, CSCO, DIS, MRK, MSFT and UNH hit new highs on Tuesday.

The DJIA, closed up 122 points at 26,773, an all-time new high close, led by strength in BA, MMM, CAT, AAPL and INTC.  This is the fifty-seventh consecutive close above 25,000 since June 15 and the fourteenth close above 26,000 since Feb 1.

Six of eleven sectors were higher, led by utilities XLU +1.35% and staples XLP +0.58%.

SPY down .17 at 291.56, on 47.2 million shares, 23% below average volume. Down on lower volume.
VIX up .05 at 12.05 
Oil down .43 at 75.04
TLT up .71 at 116.86 on 8.2 million shares. 

INTC +3.55%, CAT +1.67%, led the DJIA, 23 advancers, +0
PCG +3.55%, FLR +3.38% and AES +2.70%, led the SPX.
MELI +6.44%, DISH +2.23%, CELG +2.20%, and MYL +1.81%, led the NDX.

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

Up:  DIA,
DownSPY, QQQ, IWM,

Breadth weakened slightly on Tuesday, as decliners led 1,783 to 1,138 on the NYSE and led 2,034 to 972 on the NASDAQ

The SPY MFC green line is in the upper zone pointed up at 81 is 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 TrendUp

46 of 100 NDX stocks closed higher on Tuesday.


58 NDX stocks are above their 30 DMA.  COST, AMGN, ISRG, CA, ORLY, QCOM, XLNX, SBUX, ILMN, VRSK, CSCO, ADP, TTWO, ESRX, ADSK, ADBE,  INTU, CHTR, SYMC, AVGO, ULTA, HAS, HSIC, WBA, ATVI, NFLX, MDLZ, MSFT, TMUS, LBTYA, SHPG, QRTEA, HOLX, ALXN, BKNG, CTSH, FISV, GILD, NTES, REGN, VRTX, AAPL, FOXA, AMZN, BIIB, CSX, GOOGL, NVDA, PAYX, SWKS, BMRN, CELG, TSLA, DISH, INCY, INTC, MELI, PCAR,

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 5
DISH, INCY, INTC, MELI, PCAR,

Moving Below 30 DMA = 6
ALGN, BIDU, CHKP, IDXX, MAR, ROST,


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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2 comments:

Claire said...

Thank you Dave for sharing the information.

Don said...

I concur....Dave, "You're the Best"