Bull Flag Bounce...MMM, AAPL, UNH, V Lead DJIA ...

© 2019

The DJIA, closed up 200 points at 25,650, led by strength in MMM, AAPL, UNH, V and IBM. 

All eleven sectors were higher on Monday, led by technology XLK +0.35% and communication services XLC +1.80%.

SPY up 3.98 at 278.44 on 65.1 million shares, 14% below average volume. Up on lower volume.

VIX down 1.72 at 14.33

Oil up .73 at 56.77

TLT down .36 at 121.21 on 5.1 million shares. 

AAPL +3.46%, MMM +3.09%, led the DJIA, 29 advancers, +16

STX +5.21%, WY +4.79% and VLO +4.68%, led the SPX.

MELI +7.01%, NVDA +6.97%, ALGN +5.42%, and WDC +4.59%, led the NDX.

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

Up: QQQ, IWM, SPY, DIA,

Down:

Breadth strengthened on Monday, as advancers led 2,307 to 608 on the NYSE and led 2,349 to 704 on the NASDAQ

The SPY MFC green line is below 80 and is pointed down at 75.7 and is defensive.

Uptrend sectors: XLRE, 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 down.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

95 of 100 NDX stocks closed higher on Monday.

61 NDX stocks are above their 30 DMA:  ROST, CDNS, CTRP, EBAY, FB, PCAR, PYPL, TMUS, XLNX, CTAS, MELI, ULTA, VRSN, INTU, ADI, KLAC, NXPI, SNPS, MDLZ, MNST, PAYX, SWKS, WLTW, CSX, ALXN, GOOGL, VRSK, ADP, CHKP, CSCO, FISV, ASML, FOXA, CMCSA, JD, MAR, AAPL, PEP, CHTR, INTC, MSFT, COST, HSIC, QCOM, XRAY, DLTR, EA, ILMN, ISRG, ADBE, AMZN, CERN, CTSH, INCY, MCHP, NFLX, NVDA, SIRI, SYMC, TXN, WDC,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 12

ADBE, AMZN, CERN, CTSH, INCY, MCHP, NFLX, NVDA, SIRI, SYMC, TXN, WDC,

Moving Below 30 DMA = 0

  

Add Comments here