Monday, October 1, 2018

DJIA Makes Third Highest Close All-time as DIA, SPY, QQQ Near HBO Setups...




© 2018


BA, MSFT, NVDA and V hit new highs on Monday.

The DJIA, closed up 192 points at 26,651led by strength in BA, UNH, CV, IBM and AAPL.  This is the fifty-sixth consecutive close above 25,000 since June 15 and the thirteenth close above 26,000 since Feb 1.

Six of eleven sectors were higher, led by energy XLE +1.39% and materials XLB +1.24%.

SPY up 1.13 at 291.72, on 62.0 million shares, 1% below average volume. Up on lower volume.
VIX down .12 at 12.00 
Oil up 1.91 at 75.47
TLT down 1.12 at 116.15 on 22.4 million shares. 

BA +2.79%, CVX +1.73%, led the DJIA, 23 advancers, +5
GE +7.09%, PX +5.06% and HES +4.21%, led the SPX.
TSLA +17.35%, NVDA +2.97%, NTES +2.50%, and HSIC +2.20%, led the NDX.


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

Up:  DIA, SPY, QQQ
DownIWM,

Breadth weakened on Monday, as decliners led 1,766 to 1,199 on the NYSE 
and led 2,010 to 1,030 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

41 of 100 NDX stocks closed higher on Monday.


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, MDLZ, MSFT, TMUS, LBTYA, SHPG, QRTEA, HOLX, ALXN, BKNG, CTSH, BIDU, FISV, GILD, NTES, REGN, VRTX, AAPL, FOXA, AMZN, BIIB, CSX, GOOGL, IDXX, NVDA, PAYX, SWKS, BMRN, CELG, TSLA,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
BMRN, CELG, TSLA,

Moving Below 30 DMA = 6
AAL, DISH, EA, EXPE, INTC, MELI,


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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1 comment:

Barry said...

I sure do miss the videos.