Monday, February 25, 2019

SPY Gap Up Breakout That Fills the Gap...VIX Jumps...


© 2019

The DJIA, closed up 60 points at 26,091its second close above 26,000 since Nov 8, led by strength in BA, CAT, GS, TRV and AAPL. 

Seven of eleven sectors were higher on Monday, led by materials XLB +0.65% and technology XLK +0.48%.

SPY up .38 at 279.52 on 69.0 million shares, 14% below average volume. Up on lower volume.
VIX up 1.34 at 14.85
Oil down 1.74 at 55.43
TLT down .36 at 121.21 on 6.3 million shares. 

DWDP +2.02%, CAT +1.97%, led the DJIA, 20 advancers, -4
DHR +8.52%, GE +6.39% and SWN +4.01%, led the SPX.
BMRN +3.97%, CTRP +3.96%, WDC +3.78%, and ALGN +3.29% led the NDX.


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

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

Breadth weakened on Monday, as decliners led 1,471 to 1,420 on the NYSE and advancers led 1,629 to 1,405 on the NASDAQ

The SPY MFC green line is in the upper zone at 96 and is short-term bullish.

Uptrend sectorsXLRE, XLC, XLI, XLU, XLB,
Neutral sectors:  XLK, XLY, XLV, XLP, 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 TrendUp


57 of 100 NDX stocks closed higher on Monday.

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

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
CTXS,

Moving Below 30 DMA = 0


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