BA Flies to All-time High as Market Uptrend Continues...GOOGL Reverses...EA Drops After-hours...

© 2019

SPY, DIA, QQQ and IWM moved to their highest close for 2019, continuing the broad rally of the past six week.  They continued moving closer to their Dec 3 high and an intermediate term breakout setup:

• BA +13.18 breaks out of resistance to an all-time high, with a 492 price target,
• EL, LEG and RL led the SPX on a positive EPS reactions,
• XLC completes a trend reversal breakout to shift into a new uptrend,
• XLRE and XLC are now in uptrends,
• GOOGL +13.18, 0.92% reverses a negative reaction after beating on EPS and revenue.

The DJIA, closed up 172 points at 25,411, led by strength in BA, AAPL, UTX, MSFT and DWDP. 

Nine of eleven sectors were higher on Tuesday, led by communication services XLC +1.10% and discretionary XLY +0.94%.

SPY up 1.14 at 273.10 on 79.5 million shares, 29% below average volume. Up on higher volume.

VIX down .16 at 15.57 

Oil down 1.12 at 53.72

TLT up .55 at 120.97 on 6.9 million shares. 

BA +3.32%, AAPL +1.71%, led the DJIA, 21 advancers, +0

EL +11.64%, LEG +9.76% and RL +8.39%, led the SPX.

JD +4.65%, EA +4.63%, TSLA +2.70%, and SBUX +2.60% led the NDX.

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

Up: QQQ, DIA, SPY, IWM,

Down:

Breadth weakened on Tuesday, as advancers led 1,797 to 1,064 on the NYSE and led 1,682 to 1,348 on the NASDAQ

The SPY MFC green line is in the upper zone pointed up at 98 and is short-term bullish.

Uptrend sectors: XLRE, XLC,

Neutral sectors:  XLU, XLI, XLK, XLY, XLV, XLP, XLB, XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Up

75 of 100 NDX stocks closed higher on Tuesday.

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

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 2

ATVI, TSLA,  

Moving Below 30 DMA = 0

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