© 2019
Did you see the pullback
and bounce today? SPY
closes $1.45 below its 2019 high of
290.24, which is a multi-month HBO area.
The DJIA, closed down 83 points at 26,341, led by weakness in BA, MCD and NKE. Sixth straight close above 26,000
since March 1.
Six of eleven sectors were higher on Monday, led by energy XLE +0.44% and staples XLP +0.41%.
SPY up .22 at 288.79 on 53.5 million shares, 27% below average volume. Up on higher volume.
VIX up .36 at 13.18
Oil up 1.20 at 64.46
TLT down .44 at 123.59 on 4.4 million shares.
AAPL +1.57%, PG +1.27%, led the DJIA, 18 advancers, -6
FCX +3.08%, SLB +2.60% and COG
+2.48%, led the SPX.
SYMC +5.44%, WYNN +2.77%, BIDU +1.77%, and CSX +2.91.617%, led the NDX.
Long term up
trend intact. 3-day short term trend is up.
Up: QQQ, SPY,
Down: IWM, DIA,
Breadth weakened
on Monday, as advancers led 1,462 to 1,405 on the NYSE and
decliners led 1,611 to 1,431 on the NASDAQ
The SPY
MFC green line is pointed up at 97 and is 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: Up
56 of 100 NDX stocks closed higher on Monday.
90
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, CHTR, HAS, VRTX, EXPE,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
EXPE,
Moving Below 30 DMA = 1
EA,
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