Thursday, January 10, 2019

SPX Rally Day 11...Overcomes China Data and Powell Comments...



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The DJIA, closed up 122 points at 24,001led by strength in BA, CAT, TRV, MMM and MCD.  

Ten of eleven sectors were higher on Thursday, led by real estate XLRE +1.59% and industrials XLI +1.36%.

SPY up .91 at 258.88 on 96.8 million shares, 32% below average volume. Up on similar volume.
VIX down .48 at 19.50 
Oil up .16 at 52.32
TLT down .78 at 120.46 on 8.2 million shares. 

BA +2.55%, CAT +2.06%, led the DJIA, 20 advancers, +1
STZ +5.96%, GE +5.18% and IP +4.92%, led the SPX.
HSIC +4.05%, BMRN +3.39%, TTWO +2.54%, and EA +2.36% led the NDX.

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

Up: IWM, DIA, SPY, QQQ,
Down:

Breadth weakened on Thursday, as advancers led 1,773 to 1,124 on the NYSE and led 1,598 to 1,426 on the NASDAQ

The SPY MFC green line is pointed up at 49 and is short-term bullish.

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

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

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


74 of 100 NDX stocks closed higher on Thursday.

72 NDX stocks are above their 30 DMA:  DLTR, REGN, WDAY, XRAY, ROST, LULU, CELG, INCY, NFLX, AMGN, AMZN, BIIB, CDNS, CTRP, EA, EBAY, FB, GILD, GOOGL, INTC, JD, PCAR, PYPL, TMUS, VRTX, WYNN, XLNX, AMD, ATVI, CTAS, MELI, NTES, TXN, ULTA, VRSN, ADBE, ADSK, BMRN, CHKP, HAS, INTU, MCHP, TTWO, ADI, ALXN, AMAT, ASML, AVGO, FOXA, IDXX, ISRG, KLAC, LRCX, MU, NXPI, ORLY, SNPS, CERN, CTXS, FAST, JBHT, MAR, MDLZ, MNST, NVDA, PAYX, QCOM, SIRI, SWKS, TSLA, WDC, WLTW,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 15
CERN, CTXS, FAST, JBHT, MAR, MDLZ, MNST, NVDA, PAYX, QCOM, SIRI, SWKS, TSLA, WDC, WLTW,

Moving Below 30 DMA = 0

  
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