MMM Sinks Leads DJIA Lower, INTC, ILMN Drop After-hours...

© 2019

Weekly SPX EPS reactions through Thursday: 58 positive:  KMB, CDNS, CE, WHR, ZION, CNC, DGX, FITB, HAS, KO, LMT, NEE, NTRS, NUE, PGR, PHM, SHW, TWTR, UTX, EBAY, FE, TXN, ANTM, APD, BA, DTE, FE, FLIR, NSC, TEL, TROW, AMP, AVB, CINF, DRE, FB, FBHS, HP, LRCX, MSFT, PYPL, RJF, VAR, ABBV, AEP, ALLE, ALXN, BMY, CMCSA, CMS, HSY, IP, IVZ, LUV, TSCO, VLO, WEC, XEL,…56 negative: HAL, GWW, HOG, NEE, PG, STT, VZ, WAT, EW, RHI, SYK, TSS, APH, AVY, BIIB, BSX, CAT, GD, NDAQ, NOC, ROL, SWK, T, TMO, ALGN, CMG, CTXS, EFX, ESS, FFIV, ORLY, PKG, V, XLNX, ADS, BAX, BMY, DHI, FCX, HBAN, HES, IRM, ITW, LKQ MAS, MMC, MMM, MO, NEM ROK, ROP, RTN, UPS, WAB, WM, XRX

The DJIA, closed down 134 points at 26,462, led by weakness in MMM, AAPL, CAT, IBM and VZ.  Eighteenth straight close above 26,000 since March 1.

Four of eleven sectors were higher on Thursday, led by communication services XLC +1.12% and healthcare XLV +1.03%.

SPY down .18 at 292.05 on 57.7 million shares, 12% below average volume. Down on higher volume.

VIX up .11 at 13.25

Oil down .67 at 65.11

TLT down .18 at 123.39 on 5.3 million shares. 

MSFT +3.31%, MRK +2.15%, led the DJIA, 14 advancers, +1

CINF +11.58%, HSY +4.59% and FBHS +4.41%, led the SPX.

FB +5.85%, LRCX +4.93%, ALXN +4.30%, and REGN +2.80%, led the NDX.

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

Up: QQQ,

Down: SPY, DIA, IWM,

Breadth weakened on Thursday, as decliners led 1,832 to 1,008 on the NYSE and led 1,755 to 1,236 on the NASDAQ

The SPY MFC green line is at 94 and is intermediate-term bullish. 

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

Neutral sectors:  XLE, XLV,

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

40 of 100 NDX stocks closed higher on Thursday.

78 NDX stocks are above their 30 DMA:  CDNS, PYPL, ULTA, VRSN, KLAC, SNPS, MDLZ, PAYX, WLTW, CSX, ALXN, GOOGL, VRSK, ADP, CHKP, CSCO, CMCSA, AAPL, PEP, INTC, MSFT, COST, DLTR, AMZN, NVDA, SYMC, NTAP, SBUX, NTES, ALGN, AVGO, AMD, ADBE, FAST, ILMN, LULU, MAR, PCAR, AMAT, ASML, CELG, CERN, FB, HSIC, LRCX, MU, ROST, SWKS, ADI, ADSK, CTAS, MCHP, MXIM, NXPI, TXN, WDC, WYNN, AAL, BKNG, LBTYA, UAL, CHTR, EXPE, TMUS, HAS, QCOM, INTU, IDXX, NFLX, ATVI, CTSH, MNST, WDAY, EBAY, XRAY, ALXN, FOXA, ILMN,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 3

ALXN, FOXA, ILMN,

Moving Below 30 DMA = 4

JD, KHC, ORLY, XLNX,

Add Comments here