Thursday, April 4, 2019

SPY Highest Close Since Oct 4...Nearing All-time High...



© 2019


The DJIA, closed up 166 points at 26,384led by strength in BA, DIS, MMM, HD and UNH.  Fourth straight close above 26,000 since March 1.

Seven of eleven sectors were higher on Thursday, led by materials XLB +1.01% and energy XLE +0.83%.

SPY up .76 at 287.18 on 48.9 million shares, 34% below average volume. Up on lower volume.
VIX down .16 at 13.58
Oil down .31 at 62.18
TLT up .35 at 123.87 on 7.5 million shares. 

BA +2.89%, DIS +1.98%, led the DJIA, 19 advancers, +3
STZ +6.54%, +5.61% and CPRI +5.03%, led the SPX.
LULU +3.10%, ROST +2.63%, BIDU +2.41%, and FOXA +1.88%, led the NDX.

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

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

Breadth strengthened slightly on Thursday, as advancers led 1,879 to 982 on the NYSE and led 1,676 to 1,355 on the NASDAQ

The SPY MFC green line is pointed up at 93 and is bullishDid you see the gap, test and rally again today?

Uptrend sectorsXLRE, 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 TrendUp


48 of 100 NDX stocks closed higher on Thursday.

86 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, BMRN, BKNG, JBHT, LBTYA UAL, KHC, SIRI,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 2
KHC, SIRI,

Moving Below 30 DMA = 5
CTXS, EA, TSLA, VRTX, WDAY,

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