© 2019
SPX was range bound until the
FOMC minutes were released at 2 pm ET. SPX rallied into the close and finished
up 10 points.
The DJIA, closed up 6 points at 26,157, led by weakness in GS, CAT, AAPL, V and IBM. Eighth straight close
above 26,000 since March 1.
SPY up .98 at 288.29 on 52.6 million shares, 28% below average volume. Up on lower volume.
VIX down .98 at 13.30
Oil up .25 at 64.47
TLT up .30 at 124.28 on 7.5 million shares.
GS +1.18%, CSCO +1.16%, led the DJIA, 20 advancers, +15
CAG +6.72%, DISCA +6.07% and DLPH
+4.45%, led the SPX.
REGN +3.16%, ALXN +2.65%, ILMN +2.60%, and WDAY +2.25%, led the NDX.
Long term up
trend intact. 3-day short term trend is sideways.
Up: IWM, QQQ, SPY, DIA,
Down:
Breadth strengthened
on Wednesday, as advancers led 2,122 to 768 on the NYSE and led 2,098 to 955 on the NASDAQ
The SPY
MFC green line is pointed up at 96 and is intermediate and short-term bullish.
Uptrend sectors: XLRE, XLU, XLP, XLY, XLK, XLI, XLC, XLB,
Neutral sectors:
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
80 of 100 NDX stocks closed higher on Wednesday.
91
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, NVDA, SYMC, NTAP, SBUX, ATVI, IDXX, NTES,
TTWO, ALGN, AVGO, ORLY, AMD, EBAY, FISV, ADBE, ALXN, FAST, ILMN,
LULU, MAR, PCAR, AMAT, AMGN, ASML, CELG, CERN, CTSH, FB, GILD, HSIC, LRCX, MU,
ROST, SWKS, ADI, ADSK, BIDU, CTAS, MCHP, MXIM, NFLX, NXPI, TXN, WDC, WYNN,
AAL, BKNG, LBTYA UAL, KHC, SIRI, CHTR, VRTX, EXPE, BMRN, CTXS, EA, TMUS,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 4
BMRN, CTXS, EA, TMUS,
Moving Below 30 DMA = 1
JBHT, (moved
above 30 DMA last week)
No comments:
Post a Comment