Bounce Continuation on Bull Flag Day 4 as Trades Talks Resume...

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QQQ, SPY, DIA, IWM Bull Flag bounce in Rally Week 14…

                  (click image to enlarge)

The DJIA, closed up 211 points at 25,928, led by strength in BA, UNH, CAT, HD and UTX. 

Nine of eleven sectors were higher on Friday, led by healthcare XLV +1.20% and industrials XLI +1.08%.

SPY up 1.77 at 282.48 on 82.1 million shares, 6% above average volume. Up on higher volume.

VIX down .72 at 13.71

Oil up .67 at 60.18

TLT down .12 at 126.44 on 10.8 million shares. 

CAT +2.36%, UNH +2.08%, led the DJIA, 29 advancers, +3

KMX +9.61%, CELG +7.88% and STX +4.13%, led the SPX.

MU +5.06%, WDC +5.05%, ALGN +3.80%, and AMAT +2.99%, led the NDX.

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

Up: DIA, QQQ, SPY, IWM,

Down:

Breadth weakened slightly on Friday, as advancers led 1,754 to 1,108 on the NYSE and led 1,752 to 1,314 on the NASDAQ

The SPY MFC green line is pointed up at 70 and is bullish.  Did you see the bull flag bounce continuation?

Uptrend sectors: XLRE, XLU, XLP, XLY, XLK, XLI, XLC,

Neutral sectors:  XLB, XLV, XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

85 of 100 NDX stocks closed higher on Friday.

70 NDX stocks are above their 30 DMA:  CDNS, CTRP, PYPL, XLNX, MELI, ULTA, VRSN, INTU, KLAC, SNPS, MDLZ, PAYX, WLTW, CSX, ALXN, GOOGL, VRSK, ADP, CHKP, CSCO, FOXA, CMCSA, JD, AAPL, PEP, INTC, MSFT, COST, QCOM, XRAY, DLTR, ISRG, AMZN, INCY, NVDA, SYMC, NTAP, SBUX, ATVI, IDXX, NTES, TTWO, ALGN, AVGO, ORLY, AMD, EBAY, WDAY, EA, FISV, ADBE, ALXN, FAST, ILMN, LULU, MAR, PCAR, AMAT, AMGN, ASML, CELG, CERN, CTSH, FB, GILD, HSIC, LRCX, MU, ROST, SWKS,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 13

AMAT, AMGN, ASML, CELG, CERN, CTSH, FB, GILD, HSIC, LRCX, MU, ROST, SWKS,

Moving Below 30 DMA = 1

CHTR,

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Second Chance Bounce on Bull Flag Day 3...LULU +14% on EPS...

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SPY and DIA signaled a second chance bull flag bounce entry on Thursday after bouncing on Tuesday and pausing on Wednesday.  IWM gave a second chance MACD divergence bounce entry as well.

LULU, SBUX, PG, AVGO, FISV, VRSK, ADP and SNPS hit new highs on Thursday.

The DJIA, closed up 91 points at 25,717, led by strength in MCD, MMM, CAT, GS and JPM. 

Nine of eleven sectors were higher on Thursday, led by materials XLB +0.97% and financials XLF +0.87%.

SPY up 1.06 at 280.71 on 56.2 million shares, 26% below average volume. Up on lower volume.

VIX down .72 at 14.43

Oil up .11 at 59.51

TLT up .44 at 126.56 on 9.1 million shares. 

NKE +1.14%, JPM +1.13%, led the DJIA, 26 advancers, +17

PVH +14.76%, ACN +5.20% and PXD +4.14%, led the SPX.

LULU +14.13%, CTRP +2.74%, MELI +2.52%, and TTWO +2.12%, led the NDX.

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

Up: IWM, SPY, DIA, QQQ,

Down:

Breadth strengthened on Thursday, as advancers led 1,973 to 913 on the NYSE and led 1,925 to 1,111 on the NASDAQ

The SPY MFC green line moved below the upper zone, pointed down at 67 and is short-term defensive.  Watch for a bull flag bounce continuation.

Uptrend sectors: XLRE, XLU, XLP, XLY, XLK, XLI, XLC,

Neutral sectors:  XLB, XLV, XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

63 of 100 NDX stocks closed higher on Thursday.

58 NDX stocks are above their 30 DMA:  CDNS, CTRP, PYPL, XLNX, MELI, ULTA, VRSN, INTU, KLAC, SNPS, MDLZ, PAYX, WLTW, CSX, ALXN, GOOGL, VRSK, ADP, CHKP, CSCO, FOXA, CMCSA, JD, AAPL, PEP, CHTR, INTC, MSFT, COST, QCOM, XRAY, DLTR, ISRG, AMZN, INCY, NVDA, SYMC, NTAP, SBUX, ATVI, IDXX, NTES, TTWO, ALGN, AVGO, ORLY, AMD, EBAY, WDAY, EA, FISV, ADBE, ALXN, FAST, ILMN, LULU, MAR, PCAR,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 4

ILMN, LULU, MAR, PCAR,

Moving Below 30 DMA = 5

CELG, FB, LRCX, TMUS, VRTX,

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Stocks Pullback, Hold Support Bull Flag Day 2 as 10-year Yields Hit Yearly Low...

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The 10-year treasury yield TNX rolled over about 10:30 am and fell to a new one year low over the next one hour.  As it did, the SPY fell -3.50 to a daily low of 277.93, as yields bounced SPY rallied into the close.

The DJIA, closed down 32 points at 25,625, led by weakness in UNH, CVX, MSFT, WMT and V. 

One of eleven sectors was higher on Wednesday, led by industrials XLI +0.11% and materials XLB -0.13%.

SPY down 1.47 at 279.65 on 72.2 million shares, 6% below average volume. Down on higher volume.

VIX up .47 at 15.15

Oil down .64 at 59.40

TLT up 1.15 at 126.12 on 14.2 million shares. 

BA +1.03%, TRV +1.01%, led the DJIA, 9 advancers, -16

WCG +12.34%, PHM +5.11% and LEN +3.94%, led the SPX.

CTRP +3.73%, TSLA +2.64%, AAL +2.42%, and DLTR +2.41%, led the NDX.

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

Up:

Down: DIA, IWM, SPY, QQQ

Breadth weakened on Wednesday, as decliners led 1,554 to 1,319 on the NYSE and led 1,745 to 1,292 on the NASDAQ

The SPY MFC green line moved below the upper zone, pointed down at 73 and is short-term defensive.  Watch for a second bull flag bounce.

Uptrend sectors: XLRE, XLU, XLC, XLK, XLI, XLY, XLP,

Neutral sectors:  XLB, XLV, XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

25 of 100 NDX stocks closed higher on Wednesday.

59 NDX stocks are above their 30 DMA:  CDNS, CTRP, PYPL, TMUS, XLNX, MELI, ULTA, VRSN, INTU, KLAC, SNPS, MDLZ, PAYX, WLTW, CSX, ALXN, GOOGL, VRSK, ADP, CHKP, CSCO, FOXA, CMCSA, JD, AAPL, PEP, CHTR, INTC, MSFT, COST, QCOM, XRAY, DLTR, ISRG, AMZN, INCY, NVDA, SYMC, NTAP, SBUX, ATVI, IDXX, NTES, TTWO, LRCX, ALGN, AVGO, ORLY, AMD, EBAY, WDAY, EA, FISV, ADBE, ALXN, FB, CELG, VRTX, FAST,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 1

FAST,  

Moving Below 30 DMA = 7

ADI, AMAT, AMGN, ASML, ILMN, MAR, TXN,

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Energy, Financials Lead Bull Flag Bounce Day 1...

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The DJIA, closed up 140 points at 25,657, led by strength in MMM, DIS, V, GS and JNJ. 

All eleven sectors were higher on Tuesday, led by energy XLE +1.44% and financials XLF +1.19%.

SPY up 2.08 at 281.12 on 68.1 million shares, 15% below average volume. Up on lower volume.

VIX down 1.65 at 14.68

Oil up .96 at 60.04

TLT down .09 at 124.97 on 7.5 million shares. 

DIS +2.18%, MMM +1.98%, led the DJIA, 25 advancers, +13

VIAB +7.64%, CBS +3.93% and ADS +3.58%, led the SPX.

BIIB +5.74%, ALXN +3.40%, VRTX +3.30%, and TSLA +2.82%, led the NDX.

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

Up: IWM, SPY, DIA, QQQ

Down:

Breadth strengthened on Tuesday, as advancers led 2,122 to 756 on the NYSE and led 2,026 to 1,008 on the NASDAQ

The SPY MFC green line moved below the upper zone, pointed down at 78 and is short-term counter-trend.  Watch for bull flag bounce.

Uptrend sectors: XLRE, XLU, XLC, XLK, XLI, XLY, XLP,

Neutral sectors:  XLB, XLV, XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

82 of 100 NDX stocks closed higher on Tuesday.

65 NDX stocks are above their 30 DMA:  CDNS, CTRP, PYPL, TMUS, XLNX, MELI, ULTA, VRSN, INTU, KLAC, SNPS, MDLZ, PAYX, WLTW, CSX, ALXN, GOOGL, VRSK, ADP, CHKP, CSCO, FOXA, CMCSA, JD, AAPL, PEP, CHTR, INTC, MSFT, COST, QCOM, XRAY, DLTR, ILMN, ISRG, AMZN, INCY, NVDA, SYMC, ASML, NTAP, SBUX, ATVI, IDXX, NTES, TTWO, LRCX, ALGN, AMAT, AVGO, MAR, ORLY, AMD, EBAY, WDAY, EA, FISV, ADBE, ALXN, FB, ADI, AMGN, CELG, TXN, VRTX,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 5

ADI, AMGN, CELG, TXN, VRTX,

Moving Below 30 DMA = 2

LBTYA, NFLX, 

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Bull Flag Day 2...Buyers, Sellers in Balance with Monday's Spinning Top Candle...Watch for Bounce...

© 2019

Setups

Bull Flag = QQQ, SPY, V, QCOM

 

                   (click image to enlarge)

The DJIA, closed up 14 points at 25,516, led by strength in BA, CAT, HD, MSFT and VZ. 

Six of eleven sectors were higher on Monday, led by discretionary XLY +0.59% and industrials XLI +0.23%.

SPY down .21 at 279.04 on 85.5 million shares, 10% above average volume. Down on lower volume.

VIX down .15 at 16.33

Oil up .11 at 59.08

TLT up .20 at 125.06 on 9.7 million shares. 

BA +2.29%, CAT +1.24%, led the DJIA, 12 advancers, +8

VIAB +3.87%, LEN +3.57% and CAG +3.44%, led the SPX.

ORLY +2.55%, CTRP +0.51%, LULU +2.35%, and MNST +1.94%, led the NDX.

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

Up: IWM, DIA,

Down: SPY, QQQ,

Breadth strengthened on Monday, as advancers led 1,488 to 1,367 on the NYSE and led 1,583 to 1,455 on the NASDAQ

The SPY MFC green line is in the upper zone, pointed down at 81 and is short-term counter-trend.  Watch for bull flag bounce.

Uptrend sectors: XLRE, XLU, XLC, XLK, XLI, XLY, XLP,

Neutral sectors:  XLB, XLV, XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

50 of 100 NDX stocks closed higher on Monday.

62 NDX stocks are above their 30 DMA:  CDNS, CTRP, PYPL, TMUS, XLNX, MELI, ULTA, VRSN, INTU, KLAC, SNPS, MDLZ, PAYX, WLTW, CSX, ALXN, GOOGL, VRSK, ADP, CHKP, CSCO, FOXA, CMCSA, JD, AAPL, PEP, CHTR, INTC, MSFT, COST, QCOM, XRAY, DLTR, ILMN, ISRG, AMZN, INCY, NFLX, NVDA, SYMC, ASML, NTAP, SBUX, ATVI, IDXX, LBTYA, NTES, TTWO, LRCX, ALGN, AMAT, AVGO, MAR, ORLY, AMD, EBAY, WDAY, EA, FISV, ADBE, ALXN, FB,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

ADBE, ALXN, FB,

Moving Below 30 DMA = 6

ADI, CELG, CERN, MU, SWKS, TXN,

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