Monday, April 29, 2019

Stocks Grind Higher on Monday...GOOGL -7% After-hours...


© 2019

Earnings season continues today with 150+ more SPX EPS this week.  Big names include GOOGL, WDC, AAPL, MCD, MRK, PFE, AMD, and QCOM.


The DJIA, closed up 11 points at 26,554led by strength in GS, JPM, UTX, TRV and V.  Twentieth straight close above 26,000 since March 1.

Five of eleven sectors were higher on Monday, led by financial XLF +1.01% and communication services XLC +0.91%.

SPY up .46 at 293.87 on 57.1 million shares, 11% below average volume. Up on higher volume.
VIX up .38 at 13.11
Oil up .81 at 63.61
TLT down .79 at 123.02 on 10.2 million shares. 

GS +1.89%, JPM +1.44%, led the DJIA, 14 advancers, -7
IR +6.50%, ADM +5.77% and FOSL +3.27%, led the SPX.
TSLA +2.69%, JD +2.52%, AAL +1.90%, and UAL +1.90%, led the NDX.


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

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

Breadth weakened on Monday, as advancers led 1,730 to 1,145 on the NYSE and led 1,824 to 1,187 on the NASDAQ

The SPY MFC green line is at 96 and is intermediate-term bullish

Uptrend sectorsXLRE, 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 TrendUp


51 of 100 NDX stocks closed higher on Monday.

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, WYNN, AAL, BKNG, LBTYA, UAL, CHTR, EXPE, TMUS, HAS, QCOM, INTU, IDXX, NFLX, ATVI, MNST, WDAY, EBAY, XRAY, FOXA, CTXS, KHC, TTWO,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
ALXN, CTRP, JD,

Moving Below 30 DMA = 3
CTSH, GILD, WDC,


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