© 2018
SPY, DIA and IWM broke below Friday’s low and QQQ broke below Thursday’s low as AMZN, AAPL, MSFT, FB, GOOG, GOOGL, NVDA and
ADBE accounted for almost 150 of the
224 point NDX decline on Monday.
The DJIA, closed down 395 points at 25,017, led by weakness in BA, AAPL, V, UNH and CAT. This is the fourteenth straight close above 25,000.
Only two of eleven sectors were higher on Monday, led
by utilities XLU +0.44% and
real estate XLRE +0.27%.
SPY down 4.63 at 269.10 on 103.0 million shares, 19% below average
volume. Down on lower volume.
VIX up 1.96 at 20.10
Oil up .35 at 57.38
TLT up .32 at 115.02 on 7.0 million shares.
PFE +1.54%, TRV +1.36%, led the DJIA, 9 advancers, -11
FOSL +4.07%, HP +2.83% and EQT +2.83%, led the SPX.
MNST +2.28%, FOXA +1.56%, JBHT +1.39%, and VOD +1.17% led
the NDX.
Intermediate and long
term up trend intact. 3-day short term trend is down.
Up:
Down: DIA, SPY, IWM, QQQ,
Breadth weakened
on Monday, as decliners led 2,139 to 771 on the NYSE
and decliners led 2,265 to 785 on the NASDAQ
The SPY
MFC green line is pointed down at 37 and is short-term
bearish.
Uptrend sectors: XLU, XLP, XLRE,
Neutral sectors:
XLV, XLY, XLF, XLB,
Down trend sectors: XLK,
XLI, XLE, XLC,
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 Trend: Down
10 of 100 NDX stocks closed higher on Monday.
44
NDX stocks are above their 30
DMA. SBUX, WBA, TSLA, PEP, XLNX,
CMCSA, ESRX, INTC, QRTEA, CHTR, MELI, AAL, FOXA, MDLZ, ULTA, MNST, SYMC, FAST,
MCHP, MYL, VRSK, CTXS, HSIC, ORLY, XRAY, ADI, CSX, MAR, NXPI, VOD, MXIM, NTES,
ADP, AMAT, AVGO, CHKP, CSCO, CTAS, FISV, HOLX, KLAC, PAYX, PCAR, AMGN,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 17
ADSK, BIIB, CDNS, COST, HAS, ILMN,
INCY, ISRG, LRCX, MSFT, PYPL, SIRI, SNPS, STX, TMUS, TXN, WDAY,
2 comments:
Oh how I miss your video
Barry...thank you so very much...I miss making them. Unfortunately, at this time iBullyBear live group mentoring requires my full attention and I just don't have the time left at the end of the day to produce additional video, beyond the live sessions. I appreciate your reading the blog. Happy Thanksgiving. Dave
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