Tuesday, March 12, 2019

SPY Highway to the Resistance Zone, Resistance Zone...


© 2019


The DJIA, closed down 96 points at 25,554led by weakness in BA, UTX and MMM. 

Ten of eleven sectors were higher on Tuesday, led by healthcare XLV +0.73% and utilities XLU +0.69%.

SPY up 1.05 at 279.49 on 79.6 million shares, 4% above average volume. Up on higher volume.
VIX down .56 at 13.77
Oil up .32 at 57.09
TLT up .85 at 122.06 on 6.4 million shares. 

AAPL +1.12%, UNH +1.12%, led the DJIA, 19 advancers, -10
SWN +4.02%, DVN +3.45% and AA +3.34%, led the SPX.
ALGN +3.07%, SIRI +2.85%, AMD +2.31%, and BMRN +1.94%, led the NDX.

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

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


Breadth weakened on Tuesday, as advancers led 1,692 to 1,165 on the NYSE and led 1,567 to 1,440 on the NASDAQ

The SPY MFC green line turned up today and is pointed up at 76 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 down.

3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendUp


70 of 100 NDX stocks closed higher on Tuesday.

67 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, AMD, ASML, FAST, MAR, NTAP, SBUX, WDAY,

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 8
ALGN, AMD, ASML, FAST, MAR, NTAP, SBUX, WDAY,  

Moving Below 30 DMA = 2
CTSH, MCHP,
 

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