SPX Breaks Oct, Nov, Dec Resistance/Support Area...

© 2019

The DJIA, closed down 354 points at 24,815, led by weakness in BA, GS, AAPL, IBM and VZ.  Closing below 25,000 for the first time since Jan 31.  

Two of eleven sectors were higher on Friday, led by real estate XLRE +0.83% and utilities XLU +0.47%. 

SPY down 3.76 at 275.27 on 86.8 million shares, 15% above average volume. Down on higher volume.

VIX up 1.41 at 18.71

Oil down 3.05 at 53.36

TLT up 1.63 at 131.83 on 18.9 million shares. 

MCD +0.10%, TRV -0.11%, led the DJIA, 1 advancers, -19

COO +3.96%, DISH +3.88% and NEM +3.12%, led the SPX.

DLTR +3.34%, ULTA +1.50%, TTWO +1.08% and LULU +1.06% led the NDX.

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

Up:

Down: SPY, IWM, DIA, QQQ,

Breadth weakened on Friday, as decliners led 2,049 to 880 on the NYSE and led 2,367 to 731 on the NASDAQ

The SPY MFC green line is pointed down at 8 and is short-term bearish. 

Uptrend sectors: XLP, XLRE, XLU, XLY, XLK, XLC,

Neutral sectors:  XLI, XLF, XLB, XLE, XLV,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down

13 of 100 NDX stocks closed higher on Friday.

21 NDX stocks are above their 30 DMA:  PAYX, CHKP, PEP, SBUX, NTES, ILMN, CERN, CTAS, WYNN, CHTR, IDXX, MNST, XRAY, TTWO, MELI, VRSN, WDAY, CELG, INTU, INCY, ORLY,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 1

ORLY,

Moving Below 30 DMA = 4

AMD, FISV, PYPL, TMUS,

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Futures Fall After-hours Following Announcement of New Tariffs on Mexico...

© 2019

The DJIA, closed up 43 points at 25,169, led by strength in MCD, PG, UNH, HD and BA.  Closing below 26,000 for the seventeenth day after trading above 26,000 for the previous twenty-five trading days. 

Eight of eleven sectors were higher on Thursday, led by discretionary XLY +0.65% and technology XLK +0.62%.  

SPY up .76 at 279.03 on 62.5 million shares, 17% below average volume. Up on lower volume.

VIX down .60 at 17.30

Oil down 2.65 at 56.41

TLT up 1.11 at 130.20 on 13.0 million shares. 

MCD +1.64%, KO +1.32%, led the DJIA, 20 advancers, +17

KEYS +11.30%, DG +7.16% and SBAC +4.34%, led the SPX.

DLTR +3.14%, ROST +2.88%, WDAY +2.30% and VRTX +2.23% led the NDX.

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

Up: QQQ, SPY, DIA

Down: IWM,

Breadth strengthened on Thursday, as advancers led 1,521 to 1,359 on the NYSE and decliners led 1,538 to 1,492 on the NASDAQ

The SPY MFC green line is pointed down at 11 and is short-term bearish. 

Uptrend sectors: XLP, XLRE, XLU, XLY, XLK, XLC,

Neutral sectors:  XLI, XLF, XLB, XLE, XLV,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down

70 of 100 NDX stocks closed higher on Thursday.

24 NDX stocks are above their 30 DMA:  PAYX, CHKP, PEP, SBUX, NTES, ILMN, CERN, CTAS, WYNN, CHTR, TMUS, IDXX, MNST, XRAY, TTWO, MELI, VRSN, WDAY, CELG, FISV, INTU, AMD, INCY, PYPL,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 2

INCY, PYPL,

Moving Below 30 DMA = 0

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SPY Falls to 278 Support, Forms Hammer & MACD Bullish Divergence Setup as Trade War Rhetoric Continues...

© 2019

The DJIA, closed down 221 points at 25,126, led by weakness in BA, JNJ, NKE, MMM and HD.  Closing below 26,000 for the sixteenth day after trading above 26,000 for the previous twenty-five trading days. 

One of eleven sectors was higher on Wednesday, led by materials XLB +0.02% .  Non-cyclic sectors XLU -1.33% and XLRE -1.15% led the SPX to the downside today.

SPY down 1.88 at 278.27 on 104.9 million shares, 38% above average volume. Down on higher volume.

VIX up .40 at 17.90

Oil up .00 at 59.06

TLT up .30 at 129.09 on 13.2 million shares. 

INTC +1.51%, DWDP +1.04%, led the DJIA, 3 advancers, +2

SWN +5.23%, HP +3.57% and DE +2.59%, led the SPX.

XLNX +1.92%, MCHP +1.82%, MXIM +1.13% and ATVI +1.13% led the NDX.

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

Up:

Down: SPY, QQQ, IWM, DIA,

Breadth weakened slightly on Wednesday, as decliners led 1,957 to 952 on the NYSE and led 2,087 to 953 on the NASDAQ

The SPY MFC green line is pointed down at 16 and is short-term bearish. 

Uptrend sectors: XLP, XLRE, XLU, XLY, XLK, XLC,

Neutral sectors:  XLI, XLF, XLB, XLE, XLV,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down

28 of 100 NDX stocks closed higher on Wednesday.

22 NDX stocks are above their 30 DMA:  PAYX, CHKP, PEP, SBUX, NTES, ILMN, CERN, CTAS, WYNN, CHTR, TMUS, IDXX, MNST, XRAY, TTWO, MELI, VRSN, WDAY, CELG, FISV, INTU, AMD,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 10

ADBE, ADP, COST, HSIC, INCY, INTU, MSFT, PYPL, VRSK, VRTX,

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Early Rally Fails as Utilities, Staples Lead SPX Lower...

© 2019

The DJIA, closed down 237 points at 25,347, led by weakness in UNH, GS, MMM, PG and HD.  Closing below 26,000 for the fifteenth day after trading above 26,000 for the previous twenty-five trading days.  

One of eleven sectors was higher on Tuesday, led by communication services XLC +0.44%.  Non-cyclic sectors XLU -1.64% and XLP -1.63% led the SPX to the downside today.

SPY down 2.63 at 280.15 on 70.0 million shares, 4% below average volume. Down on higher volume.

VIX up 1.65 at 17.50

Oil up .04 at 59.06

TLT up 1.01 at 128.79 on 8.0 million shares. 

V +0.66%, BA -0.01%, led the DJIA, 1 advancer, -17

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

Up:

Down: QQQ, IWM, SPY, DIA,

Breadth weakened on Tuesday, as decliners led 1,957 to 942 on the NYSE and led 1,925 to 1,143 on the NASDAQ

The SPY MFC green line is pointed down at 23 and continues short-term bearish. 

Uptrend sectors: XLP, XLRE, XLU, XLY, XLK, XLC,

Neutral sectors:  XLI, XLF, XLB, XLE, XLV,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Up a little

3-day Short Term Market Trend: Down

28 of 100 NDX stocks closed higher on Tuesday.

33 NDX stocks are above their 30 DMA:  PAYX, VRSK, CHKP, PEP, SBUX, NTES, ILMN, CERN, HSIC, CTAS, WYNN, CHTR, TMUS, INTU, IDXX, MNST, XRAY, TTWO, INCY, MELI, MSFT, VRSN, WDAY, CELG, COST, FISV, INCY, VRTX, ADP, INTU, ADBE, AMD, PYPL,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 3

ADBE, AMD, PYPL,

Moving Below 30 DMA = 5

BMRN, CELG, GILD, HAS, MDLZ,

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Support Holds on Friday, SPX Closes Higher Headed into 3-day Memorial Day Weekend...

© 2019

The DJIA, closed up 95 points at 25,585, led by strength in BA, HD, UNH, V and AXP.  Closing below 26,000 for the fourteenth day after trading above 26,000 for the previous twenty-five trading days. 

Eight of eleven sectors were higher on Friday, led by financial XLF +0.79% and materials XLB +0.56%.

SPY up .64 at 282.78 on 55.2 million shares, 25% below average volume. Up on lower volume.

VIX down 1.07 at 15.85

BA +1.24%, JPM +0.98%, led the DJIA, 24 advancers, +18

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

Up: IWM, DIA, SPY,

Down: QQQ,

Breadth strengthened on Friday, as advancers led 1,940 to 924 on the NYSE and led 1,939 to 1,059 on the NASDAQ

The SPY MFC green line is pointed down at 28 and is short-term bearish. 

Uptrend sectors: XLP, XLRE, XLU, XLY, XLK, XLI, XLC,

Neutral sectors:  XLF, XLB, XLE, XLV,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

48 of 100 NDX stocks closed higher on Friday.

35 NDX stocks are above their 30 DMA:  MDLZ, PAYX, VRSK, CHKP, PEP, SBUX, NTES, ILMN, CELG, CERN, HSIC, CTAS, WYNN, CHTR, TMUS, HAS, INTU, IDXX, MNST, XRAY, TTWO, INCY, MELI, MSFT, VRSN, WDAY, BMRN, CELG, COST, GILD, FISV, INCY, VRTX, ADP, INTU,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 2

ADP, INTU,

Moving Below 30 DMA = 1

CMCSA,

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SPY Gaps Down, Bounces at May 13 Support Area...

© 2019

The DJIA, closed down 286 points at 25,490, led by weakness in UTX, IBM, GS, AAPL and UNH.  Closing below 26,000 for the thirteenth day after trading above 26,000 for the previous twenty-five trading days. 

Two of eleven sectors were higher on Thursday, led by utilities XLU +0.86% and real estate XLRE +0.49%.

SPY down 3.49 at 282.14 on 98.7 million shares, 34% above average volume. Down on higher volume.

VIX up 2.17 at 16.92

Oil down 3.13 at 58.19

TLT up 1.42 at 127.67 on 9.7 million shares. 

HD +1.64%, INTC +1.20%, led the DJIA, 6 advancers, -6

LB +12.84%, CPRT +7.95% and MDT +3.24%, led the SPX.

MELI +1.96%, INCY +1.87%, SNPS +1.67% and TSLA +1.43% led the NDX.

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

Up:

Down: DIA, SPY, QQQ, IWM

Breadth weakened on Thursday, as decliners led 2,242 to 634 on the NYSE and led 2,404 to 658 on the NASDAQ

The SPY MFC green line turned down at 32 and is short-term bearish. 

Uptrend sectors: XLP, XLRE, XLU, XLY, XLK, XLI, XLC,

Neutral sectors:  XLF, XLB, XLE, XLV,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

10 of 100 NDX stocks closed higher on Thursday.

34 NDX stocks are above their 30 DMA:  MDLZ, PAYX, VRSK, CHKP, PEP, SBUX, NTES, ILMN, CELG, CERN, HSIC, CTAS, WYNN, CHTR, TMUS, HAS, INTU, IDXX, MNST, XRAY, TTWO, INCY, MELI, MSFT, VRSN, WDAY, BMRN, CELG, COST, GILD, FISV, INCY, VRTX, 

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 1

VRTX,

Moving Below 30 DMA = 11

ADBE, ADP, ADSK, ALGN, BIIB, CSCO, LULU, PYPL, SBUX, ULTA, WLTW,

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