SPX, DJI, NDX Rise on New Year's Eve, Close Just Below All-time Highs...Happy New Year...

© 2019

On Monday just 16 NDX 100 stocks were higher.  On Tuesday morning, breadth had improved but only 36 NDX 100 stocks were higher.  Just before noon EST on Tuesday, the NDX started to rise, finishing Tuesday, the final trading day of 2019 with 73 NDX 100 stocks higher.

SPY, QQQ, DIA and IWM formed a bullish candle on Tuesday in a bull flag price pattern.

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Bull Flag Setups:  SPY, QQQ, IWM, DIA, SMH, AMD, BBY, BX, CSCO, LRCX, MSFT, MU, NFLX, NVDA, TXN, V, AAL, ADBE, AMAT, EA,

Bull Flag Triggers on Monday: WDC, BMY,

Ten of eleven sectors were higher on Tuesday, led by XLB, XLRE and XLE.

SPY up .78 at 321.86 on 57.1 million shares, average volume.  Up on higher volume.

VIX down 1.04 at 13.78

IBM, CSCO, AAPL led the DJIA, 26 advancers, +25

CGI, SWN, MYL led the SPX, 396 advancers

WDC, AAL, KHC, NVDA led the NDX, 73 advancers

Long term up trend intact.  3-day short term trend is down in a Bull Flag.

Up:  SPY, DIA, QQQ, IWM,

Down:

Breadth strengthened on Tuesday as advancers led 1,892 to 1,033 on the NYSE and led 1,983 to 1,225 on the NASDAQ

The SPX MFC green line is above 80 and is pointed down at 92 and is counter-trend defensive, intermediate-term up. 

Uptrend sectors:  XLK, XLV, XLC, XLB, XLY, XLP, XLF, XLI, XLU,

Neutral sectors:  XLE, XLRE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down in a Bull Flag

73 of 100 NDX stocks closed higher on Tuesday.

84 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMGN, REGN, PCAR, SIRI, AMD, ISRG, FOXA, MAR, BMRN, MSFT, ADBE, ADSK, EA, FISV, LULU, MNST, WLTW, CERN, ILMN, SBUX, MDLZ, PEP, VRSK, GOOGL, ADI, ASML, MCHP, NXPI, TXN, ATVI, JD, NVDA, TSLA, ULTA, VRSN, EXPE, MU, AMAT, BIDU, BKNG, CSX, FAST, LRCX, MXIM, PYPL, QCOM, WDC, XLNX, BIIB, CTAS, EBAY, KLAC, TCOM, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB, KHC, NFLX, ALGN, SNPS, AAL, ADP, CHTR, IDXX, INTC, LBTYA, ROST, CMCSA, ANSS, CDW, CPRT, CSGP, SPLK, TMUS, NTAP, NTES, PAYX, TTWO,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 4

NTAP, NTES, PAYX, TTWO,

Moving Below 30 DMA = 1

MELI,  

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SPX, NDX, DJI, RUT Pullback in Bull Flag Pattern...VIX Jumps to 14.82...

© 2019

SPY, QQQ, DIA and IWM pulled back on Monday forming a bull flag price pattern.

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Bull Flag Setups:  SPY, QQQ, IWM, DIA, SMH, AMD, BBY, BX, CSCO, LRCX, MSFT, MU, NFLX, NVDA, TXN, V, WDC

All eleven sectors were lower on Monday, led by XLU, XLRE and XLF.

SPY down 1.78 at 321.08 on 49.7 million shares, slightly below average volume.  Down on higher volume.

VIX up 1.39 at 14.82

AAPL, KO, WMT led the DJIA, 1 advancer, -18

SWN, HP, NEM led the SPX, 107 advancers

ROST, TMUS, SGEN, TMUS led the NDX, 16 advancers

Long term up trend intact.  3-day short term trend is up.

Up:  

Down: IWM, SPY, DIA, QQQ,      

Breadth was similar on Monday as decliners led 1,674 to 1,262 on the NYSE and led 1,930 to 1,273 on the NASDAQ

The SPX MFC green line is above 80 and is pointed down at 93 and is counter-trend defensive. 

Uptrend sectors:  XLK, XLV, XLC, XLB, XLY, XLP, XLF, XLI, XLU,

Neutral sectors:  XLE, XLRE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

16 of 100 NDX stocks closed higher on Monday.

81 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMGN, REGN, PCAR, SIRI, AMD, ISRG, FOXA, MAR, BMRN, MSFT, ADBE, ADSK, EA, FISV, LULU, MNST, WLTW, MELI, CERN, ILMN, SBUX, MDLZ, PEP, VRSK, GOOGL, ADI, ASML, MCHP, NXPI, TXN, ATVI, JD, NVDA, TSLA, ULTA, VRSN, EXPE, MU, AMAT, BIDU, BKNG, CSX, FAST, LRCX, MXIM, PYPL, QCOM, WDC, XLNX, BIIB, CTAS, EBAY, KLAC, TCOM, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB, KHC, NFLX, ALGN, SNPS, AAL, ADP, CHTR, IDXX, INTC, LBTYA, ROST, CMCSA, ANSS, CDW, CPRT, CSGP, SPLK, TMUS,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 4

NTES, PAYX, TTWO, VRTX,

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DJI and SPX Make New High as NDX and RUT Pause...

© 2019

SPX and DJI inched up to new record closing highs.  The Nasdaq Composite closed above 9,000 for the second time.  

Four of eleven sectors were higher on Friday, led by XLP, XLRE and XLU.

SPY down .08 at 322.86 on 42.5 million shares, below average volume.  Down on higher volume.

VIX up .78 at 13.43

NKE, PG, KO led the DJIA, 19 advancers, +5

CTL, GIS, KIM led the SPX, 229 advancers

LBTYA, IDXX, FISV, DLTR led the NDX, 40 advancers

Long term up trend intact.  3-day short term trend is up.

Up: DIA, SPY,

Down: QQQ, IWM,   

Breadth weakened on Friday as decliners led 1,575 to 1,343 on the NYSE and led 1,976 to 1,210 on the NASDAQ

The SPX MFC green line is above 80 and is flat at 95 and is short-term bullish. 

Uptrend sectors:  XLK, XLV, XLC, XLP, XLF, XLI, XLB, XLY, XLU,

Neutral sectors:  XLE, XLRE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

40 of 100 NDX stocks closed higher on Friday.

85 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMGN, REGN, PCAR, SIRI, AMD, VRTX, ISRG, FOXA, MAR, BMRN, MSFT, ADBE, ADSK, EA, FISV, LULU, MNST, WLTW, MELI, CERN, ILMN, SBUX, MDLZ, PEP, VRSK, GOOGL, ADI, ASML, MCHP, NXPI, TXN, ATVI, JD, NVDA, TSLA, ULTA, VRSN, EXPE, MU, TTWO, AMAT, BIDU, BKNG, CSX, FAST, LRCX, MXIM, PYPL, QCOM, WDC, XLNX, BIIB, CTAS, EBAY, KLAC, TCOM, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB, KHC, NFLX, ALGN, SNPS, AAL, ADP, CHTR, IDXX, INTC, LBTYA, ROST, CMCSA, ANSS, CDW, CPRT, CSGP, SPLK, TMUS, NTES, PAYX,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 1

PAYX,

Moving Below 30 DMA = 3

AVGO, GILD, NTAP,

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Nasdaq 9,022...SPX 3,240...DJI 28,621 New Record Highs...

© 2019

The Nasdaq Composite closed at 9,022, above 9,000 for the first time.  SPX, NDX and DJI also made new record closing highs.

Nine of eleven sectors were higher on Thursday, led by XLY, XLC and XLK.

SPY up 1.71 at 322.94 on 31.0 million shares, the second lowest volume day of 2019, below average volume.  Up on higher volume.

VIX down .02 at 12.65

AAPL, JPM, WBA led the DJIA, 24 advancers, +11

M, TPR, JWN led the SPX, 328 advancers

AMZN, AAPL, NTES, AAL led the NDX, 59 advancers

Long term up trend intact.  3-day short term trend is up.

Up: QQQ, SPY, DIA, IWM

Down:                                                                   

Breadth strengthened slightly on Thursday as advancers led 1,790 to 1,125 on the NYSE and led 1,740 to 1,407 on the NASDAQ

The SPX MFC green line is above 80 and is pointed up at 96 and is short-term bullish. 

Uptrend sectors:  XLK, XLV, XLC, XLP, XLF, XLI, XLB, XLY, XLU,

Neutral sectors:  XLE, XLRE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

59 of 100 NDX stocks closed higher on Thursday.

87 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMGN, REGN, PCAR, SIRI, AMD, VRTX, ISRG, FOXA, MAR, AVGO, BMRN, MSFT, ADBE, ADSK, EA, FISV, LULU, MNST, WLTW, MELI, CERN, ILMN, SBUX, MDLZ, PEP, VRSK, GOOGL, ADI, ASML, MCHP, NTAP, NXPI, TXN, ATVI, JD, NVDA, TSLA, ULTA, VRSN, EXPE, MU, TTWO, AMAT, BIDU, BKNG, CSX, FAST, LRCX, MXIM, PYPL, QCOM, WDC, XLNX, BIIB, CTAS, EBAY, KLAC, TCOM, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB, KHC, NFLX, ALGN, SNPS, AAL, ADP, CHTR, IDXX, INTC, LBTYA, ROST, CMCSA, GILD, ANSS, CDW, CPRT, CSGP, SPLK, TMUS, NTES,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 1

NTES,

Moving Below 30 DMA = 0

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Christmas Eve Light Volume Grinder...Have a Merry Christmas...

© 2019

Seven of eleven sectors were higher on Tuesday, led by XLF, XLY and XLU.

SPY up .01 at 321.23 on 20.2 million shares, the lowest volume day of 2019, below average volume.  Flat on lower volume.

VIX up .06 at 12.67

HD, DIS, WMT led the DJIA, 13 advancers, -4

LEN, VMC, TSCO led the SPX, 257 advancers

AMD, SWKS, TTWO, TSLA led the NDX, 59 advancers

Long term up trend intact.  3-day short term trend is up.

Up: IWM, QQQ, SPY,

Down: DIA,                                                         

Breadth strengthened slightly on Tuesday as advancers led 1,635 to 1,222 on the NYSE and led 1,858 to 1,234 on the NASDAQ

The SPX MFC green line is above 80 and is pointed up at 95 and is short-term bullish. 

Uptrend sectors:  XLK, XLV, XLC, XLP, XLF, XLI, XLB, XLY, XLU,

Neutral sectors:  XLE, XLRE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

59 of 100 NDX stocks closed higher on Tuesday.

86 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMGN, REGN, PCAR, SIRI, AMD, VRTX, ISRG, FOXA, MAR, AVGO, BMRN, MSFT, ADBE, ADSK, EA, FISV, LULU, MNST, WLTW, MELI, CERN, ILMN, SBUX, MDLZ, PEP, VRSK, GOOGL, ADI, ASML, MCHP, NTAP, NXPI, TXN, ATVI, JD, NVDA, TSLA, ULTA, VRSN, EXPE, MU, TTWO, AMAT, BIDU, BKNG, CSX, FAST, LRCX, MXIM, PYPL, QCOM, WDC, XLNX, BIIB, CTAS, EBAY, KLAC, TCOM, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB, KHC, NFLX, ALGN, SNPS, AAL, ADP, CHTR, IDXX, INTC, LBTYA, ROST, CMCSA, GILD, ANSS, CDW, CPRT, CSGP, SPLK, TMUS,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 1

TMUS,

Moving Below 30 DMA = 1

PAYX,  

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SPX, NDX, DJI Inch to New High as Volume Falls at the Start of the Holiday Shortened Trading Week...

© 2019

This week…

Monday: before the open ANSS, CDW, CPRT, CSGP, SGEN & SPLK replaced HAS, HSIC, JBHT, MYL, NLOK & WYNN in the NDX 100.

Tuesday: markets close at 1:00 pm EST on Christmas Eve.

Wednesday:  Markets closed in observance of Christmas.

SPX, NDX and DJI inched to another all-time closing high on a range bound day. 

Five of eleven sectors were higher on Monday, led by XLE, XLI and XLV.

SPY up .49 at 321.22 on 53.0 million shares, below average volume.  Up on lower volume.

VIX up .10 at 12.61

BA, MMM, AAPL led the DJIA, 17 advancers, -5

APA, ABMD, DLPH led the SPX, 221 advancers

TSLA, AMD, JD, WDC led the NDX, 44 advancers

Long term up trend intact.  3-day short term trend is up.

Up: DIA, IWM, SPY, QQQ,

Down:                                                                  

Breadth weakened slightly on Monday as advancers led 1,608 to 1,321 on the NYSE and led 1,616 to 1,560 on the NASDAQ

The SPX MFC green line is above 80 and is pointed up at 95 and is short-term bullish. 

Uptrend sectors:  XLK, XLV, XLC, XLP, XLF, XLI, XLB, XLY, XLU,

Neutral sectors:  XLE, XLRE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

44 of 100 NDX stocks closed higher on Monday.

86 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMGN, REGN, PCAR, SIRI, AMD, VRTX, ISRG, FOXA, MAR, AVGO, BMRN, MSFT, ADBE, ADSK, EA, FISV, LULU, MNST, WLTW, MELI, CERN, ILMN, SBUX, MDLZ, PEP, VRSK, GOOGL, ADI, ASML, MCHP, NTAP, NXPI, TXN, ATVI, JD, NVDA, TSLA, ULTA, VRSN, EXPE, MU, TTWO, AMAT, BIDU, BKNG, CSX, FAST, LRCX, MXIM, PYPL, QCOM, WDC, XLNX, BIIB, CTAS, EBAY, KLAC, PAYX, TCOM, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB, KHC, NFLX, ALGN, SNPS, AAL, ADP, CHTR, IDXX, INTC, LBTYA, ROST, CMCSA, GILD, ANSS, CDW, CPRT, CSGP, SPLK,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 5

CTSH, NTES, SGEN, TMUS, WDAY,

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SPX, NDX, DJI Hit a New All-time Closing High on Heavy Volume...

© 2019

Next week…

Monday: before the open ANSS, CDW, CPRT, CSGP, SGEN & SPLK will replace HAS, HSIC, JBHT, MYL, NLOK & WYNN in the NDX 100, in its annual rebalancing.

Tuesday: markets close at 1:00 pm EST on Christmas Eve.

Wednesday:  Markets closed in observance of Christmas.

SPX, NDX and DJI made another all-time closing high on a strong trend Friday. 

All eleven sectors were higher on Friday, led by XLE, XLRE and XLP.

SPY up 1.40 at 320.73 after declaring a 1.57 dividend, on 149.3 million shares, the second highest daily trading volume of 2019, above average volume.  Up on higher volume.

VIX up .01 at 12.51

VZ, MMM, MRK led the DJIA, 22 advancers, -3

CCL, MOS, NWL led the SPX, 377 advancers

WDC, WDAY, AMD, LULU led the NDX, 76 advancers

Long term up trend intact.  3-day short term trend is up.

Up: SPY, QQQ, DIA, IWM,

Down:                                                                  

Breadth was stable on Friday as advancers led 1,739 to 1,209 on the NYSE and led 1,850 to 1,326 on the NASDAQ

The SPX MFC green line is above 80 and is pointed up at 95 and is short-term bullish. 

Uptrend sectors:  XLK, XLV, XLC, XLP, XLF, XLI, XLB, XLY, XLU,

Neutral sectors:  XLE, XLRE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

76 of 100 NDX stocks closed higher on Friday.

90 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMGN, REGN, PCAR, SIRI, AMD, VRTX, ISRG, FOXA, MAR, AVGO, BMRN, MSFT, ADBE, ADSK, NLOK, EA, FISV, LULU, MNST, WLTW, MELI, CERN, ILMN, SBUX, HAS, MDLZ, MYL, PEP, VRSK, GOOGL, ADI, ASML, MCHP, NTAP, NXPI, TXN, ATVI, JD, NVDA, TSLA, ULTA, VRSN, EXPE, MU, TTWO, AMAT, BIDU, BKNG, CSX, FAST, LRCX, MXIM, PYPL, QCOM, WDC, XLNX, BIIB, CTAS, EBAY, KLAC, PAYX, TCOM, WYNN, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB, KHC, NFLX, ALGN, SNPS, AAL, ADP, CHTR, IDXX, INTC, JBHT, LBTYA, NTES, ROST, CMCSA, CTSH, GILD, TMUS, WDAY,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 5

CMCSA, CTSH, GILD, TMUS, WDAY,

Moving Below 30 DMA = 5

ALXN, CTXS, HSIC, INCY, ORLY,

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