SPY, QQQ New All-time Closing High as Earnings Season Continues...

© 2019

QQQ, IWM, SPY led DIA in Rally Week 18…

                  (click image to enlarge)

A big week for earnings in general and specifically for the SPX.  Earnings season continues next week with 150+ more SPX EPS.  Big names include GOOGL, WDC, AAPL, MCD, MRK, PFE, AMD, and QCOM.

Weekly SPX EPS reactions through Friday, April 26, 2019:

80 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, AFL, AJG, ALK, AMZN, CERN, COF, DFS, F, FTI, NOV, PFG, RSG, SBUX, SIVB, SWN, VRSN, AON, CL, COG, IPG, VTR, WY…

72 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, DLR, EMN, ILMN, INTC, JNPR, MAT, MHK, PKI, UHS, AAL, ADM, BEN, CVX, LYB, XOM, ZBH

The DJIA, closed up 81 points at 26,543, led by strength in UNH, CAT, DIS, PG and V.  Nineteenth straight close above 26,000 since March 1.

Nine of eleven sectors were higher on Friday, led by healthcare XLV +1.00% and financial XLF +0.91%.

SPY up 1.36 at 293.41 on 50.9 million shares, 21% below average volume. Up on lower volume.

VIX down .52 at 12.73

Oil down 2.31 at 62.80

TLT up .42 at 123.81 on 5.9 million shares. 

UNH +2.69%, PG +2.50%, led the DJIA, 21 advancers, +7

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

ALGN +7.16%, VRSN +5.65%, TTWO +3.61%, and MNST +3.02%, led the NDX.

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

Up: IWM, SPY, DIA, QQQ,

Down:

Breadth strengthened on Friday, as advancers led 1,928 to 918 on the NYSE and led 2,020 to 1,016 on the NASDAQ

The SPY MFC green line is at 95 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

72 of 100 NDX stocks closed higher on Friday.

77 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, MSFT, COST, DLTR, AMZN, 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, FOXA, CTXS, GILD, KHC, TTWO,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 4

CTXS, GILD, KHC, TTWO,

Moving Below 30 DMA = 5

ALXN, ILMN, INTC, INTU, NVDA,

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