Tuesday, October 16, 2018

NDX Leads Broad Rally...NFLX Jumps 10% After-hours on EPS Beat...



© 2018



The DJIA, closed up 547 points at 25,798led by strength UNH, BA, GS, AAPL and V.  This is the sixty-seventh consecutive close above 25,000 since June 15.


All eleven sectors were higher, led by technology XLK +3.01% and healthcare XLV +2.74%.

SPY up 6.00 at 280.40, on 118.2 million shares, 35% above average volume. Up on higher volume.
VIX down 3.68 at 17.62 
Oil up .45 at 72.17
TLT up .26 at 114.68 on 4.7 million shares. 

UNH +4.73%, NKE +3.32%, led the DJIA, 30 advancers, +20.
AMD +7.31%, OMC +6.99% and PGR +6.08%, led the SPX.
ADBE +9.52%, DLTR +6.83%, BMRN +6.60%, and TSLA +6.55%, led the NDX.

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

Up: QQQ, IWM, DIA, SPY,
Down:

Breadth strengthened on Tuesday, as advancers led 2,508 to 443 on the NYSE and led 2,440 to 585 on the NASDAQ

The SPY MFC green line today turned up at 19 and is now bullish.

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


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

3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market TrendUp

97 of 100 NDX stocks closed higher on Tuesday.


24 NDX stocks are above their 30 DMA.  ESRX, NTES, BMRN, FOXA, SBUX, WBA, ORLY, QRTEA, ULTA, ALXN, CERN, CHTR, CMCSA, DLTR, GILD, HOLX, REGN, ROST, SHPG, SYMC, TMUS, TTWO, VRTX, XLNX,

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 15
ALXN, CERN, CHTR, CMCSA, DLTR, GILD, HOLX, REGN, ROST, SHPG, SYMC, TMUS, TTWO, VRTX, XLNX,

Moving Below 30 DMA = 0



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