Wednesday, March 13, 2019

SPY Closes Above Nov Resistance for HBO...



© 2019



The DJIA, closed up 148 points at 25,702led by strength in UNH, UTX, BA, AXP and PG. 

All eleven sectors were higher on Wednesday, led by healthcare XLV +1.08% and energy XLE +0.69%.

SPY up 1.85 at 281.34 on 80.6 million shares, 5% above average volume. Up on higher volume.
VIX down .36 at 13.41
Oil up 1.25 at 58.34
TLT down .23 at 121.83 on 4.3 million shares. 

UNH +2.59%, UTX +1.58%, led the DJIA, 28 advancers, +9
DVA +4.42%, NKTR +4.00% and ALK +3.59%, led the SPX.
TTWO +6.88%, MELI +5.06%, NVDA +3.75%, and NTES +3.49%, led the NDX.

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

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


Breadth strengthened on Wednesday, as advancers led 1,980 to 898 on the NYSE and led 1,866 to 1,142 on the NASDAQ

The SPY MFC green line is pointed up at 79 and is short-term bullish.

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


78 of 100 NDX stocks closed higher on Wednesday.

72 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, INCY, NFLX, NVDA, SIRI, SYMC, TXN, WDC, ALGN, ASML, FAST, NTAP, SBUX, AMGN, ATVI, BMRN, IDXX, LBTYA, NTES, TTWO, VRTX,

NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 8
AMGN, ATVI, BMRN, IDXX, LBTYA, NTES, TTWO, VRTX,

Moving Below 30 DMA = 3
AMD, MAR, WDAY, 

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