Stocks Rally into G20 Meeting Between US and China Presidents...

© 2019

The DJIA, closed up 73 points at 26,599, led by strength in GS, JPM, V, MMM and MCD.  Closing above 26,000 above for the fifteenth straight day.  

Nine of eleven sectors were higher on Friday, led by financials XLF +1.43% and energy XLE +0.83%.

SPY up .1.50 at 293.00 on 59.3 million shares, 14% below average volume. Up on higher volume.

VIX down .74 at 15.08

Oil down 1.08 at 58.20

TLT down .09 at 132.81 on 8.1 million shares. 

JPM +2.72%, GS +2.65%, led the DJIA, 17 advancers, -1

STZ +4.64%, CAG +4.29% and WAB +3.89%, led the SPX.

WDC +6.73%, ALXN +3.86%, ILMN +3.27% and SYMC +3.18% led the NDX.

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

Up: IWM, SPY, DIA, QQQ,

Down:

Breadth continued strong on Friday, as advancers led 2,147 to 789 on the NYSE and led 2,258 to 863 on the NASDAQ

The SPY MFC green line is pointed down in the upper zone at 84 and is short-term counter-trend defensive. 

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

Neutral sectors:  XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

76 of 100 NDX stocks closed higher on Friday.

88 NDX stocks are above their 30 DMA:  PEP, CERN, CTAS, CHTR, IDXX, XRAY, TTWO, MELI, MDLZ, WLTW, AMGN, COST, HAS, HSIC, ILMN, SBUX, VRSN, ADP, EXPE, FISV, INTU, PCAR, PYPL, SNPS, LBTYA, MSFT, MXIM, ROST, BKNG, CTSH, EBAY, GILD, ISRG, MAR, AAPL, ADI, AMZN, CDNS, DLTR, INTC, WBA, ULTA, CTXS, UAL, AAL, ATVI, LULU, SIRI, FB, TSLA, VRTX, ADBE, BIIB, INCY, SYMC, AMAT, ASML, AVGO, FAST, JD, KLAC, MCHP, NFLX, NVDA, NXPI, SWKS, TXN, WYNN, XLNX, ALXN, KHC, MNST, QCOM, EA, WDC, MYL, AMD, CTRP, MU, ADP, BIDU, CHKP, FOXA, JBHT, LRCX, REGN, VRSK, BMRN, CSX,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

BMRN, CSX,  

Moving Below 30 DMA = 3

ADSK, CSCO, NTES,

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Bull Flag Day 5 Bounce, IWM Leads as SPY Forms Bullish Harami on Light Volume...

© 2019

The G20 meeting in Osaka, Japan begins tonight which is Friday morning in Japan and continues on Saturday.  Sunday night and Monday trading will likely be impacted by results from interactions between the US and China presidents.  Will they be cooperating to find a path to a trade deal and put the world at ease or will they be blaming each other for failure to progress and creating angst?  The world awaits the outcome of the talks.    

Evaluate the risk of the failure to make meaningful progress in the talks and adjust your portfolio accordingly on Friday. 

The DJIA, closed down 10 points at 26,526, led by weakness in BA, JNJ, DIS, CSCO and CVX.  Closing above 26,000 above for the fourteenth straight day. 

Ten of eleven sectors were higher on Thursday, led by financials XLF +0.89% and real estate XLRE +0.83%.  

SPY up .1.03 at 291.50 on 40.2 million shares, 42% below average volume. Up on lower volume.

VIX down .39 at 15.82

Oil up .07 at 59.28

TLT up .93 at 132.90 on 9.7 million shares. 

WBA +4.09%, NKE +1.34%, led the DJIA, 18 advancers, +12

CTL +6.69%, LB +6.13% and TRIP +5.74%, led the SPX.

XLNX +3.46%, MU +2.78%, AMD +2.74% and LRCX +2.68% led the NDX.

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

Up: IWM, QQQ, SPY,

Down: DIA,

Breadth strengthened on Thursday, as advancers led 2,099 to 802 on the NYSE and led 2,280 to 801 on the NASDAQ

The SPY MFC green line is pointed down in the upper zone at 85 and is short-term counter-trend defensive. 

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

Neutral sectors:  XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

81 of 100 NDX stocks closed higher on Thursday.

89 NDX stocks are above their 30 DMA:  PEP, CERN, CTAS, CHTR, IDXX, XRAY, TTWO, MELI, MDLZ, WLTW, AMGN, COST, HAS, HSIC, ILMN, SBUX, VRSN, ADP, CSCO, EXPE, FISV, INTU, PCAR, PYPL, SNPS, LBTYA, MSFT, MXIM, ROST, BKNG, CTSH, EBAY, GILD, ISRG, MAR, AAPL, ADI, AMZN, CDNS, DLTR, INTC, WBA, ULTA, CTXS, UAL, AAL, ATVI, LULU, SIRI, FB, TSLA, VRTX, ADBE, BIIB, INCY, SYMC, AMAT, ASML, AVGO, FAST, JD, KLAC, MCHP, NFLX, NVDA, NXPI, SWKS, TXN, WYNN, XLNX, ALXN, KHC, MNST, QCOM, EA, WDC, MYL, AMD, CTRP, MU, ADP, ADSK, BIDU, CHKP, FOXA, JBHT, LRCX, NTES, REGN, VRSK,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 10

ADP, ADSK, BIDU, CHKP, FOXA, JBHT, LRCX, NTES, REGN, VRSK,

Moving Below 30 DMA = 0

 

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Bull Flag Day 4, Semi's Lift QQQ, as DIA, SPY, QQQ, Drift Lower...MU +13% on EPS...

© 2019

The DJIA, closed down 11 points at 26,536, led by weakness in TRV, UNH, JNJ, PG and MRK.  Closing above 26,000 above for the thirteenth straight day. 

Four of eleven sectors were higher on Wednesday, led by energy XLE +1.54% and technology XLK +1.08%.  

SPY down .29 at 290.47 on 51.5 million shares, 27% below average volume. Down on lower volume.

VIX down .07 at 16.21

Oil up .44 at 59.21

TLT down .85 at 131.97 on 12.7 million shares. 

WBA +1.92%, MCD +0.88%, led the DJIA, 6 advancers, -13

CTVA +5.75%, MPC +5.49% and INFO +5.25%, led the SPX.

MU +13.34%, WDC +7.30%, JD +5.75% and NVDA +5.14% led the NDX.

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

Up: QQQ,

Down: SPY, DIA, IWM

Breadth strengthened on Wednesday, as advancers led 1,545 to 1,362 on the NYSE and decliners led 1,575 to 1,546 on the NASDAQ

The SPY MFC green line is pointed down in the upper zone at 88 and is short-term counter-trend defensive. 

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

Neutral sectors:  XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

51 of 100 NDX stocks closed higher on Wednesday.

79 NDX stocks are above their 30 DMA:  PEP, CERN, CTAS, CHTR, IDXX, XRAY, TTWO, MELI, MDLZ, WLTW, AMGN, COST, HAS, HSIC, ILMN, SBUX, VRSN, ADP, CSCO, EXPE, FISV, INTU, PCAR, PYPL, SNPS, LBTYA, MSFT, MXIM, ROST, BKNG, CTSH, EBAY, GILD, ISRG, MAR, AAPL, ADI, AMZN, CDNS, DLTR, INTC, WBA, ULTA, CTXS, UAL, AAL, ATVI, LULU, SIRI, FB, TSLA, VRTX, ADBE, BIIB, INCY, SYMC, AMAT, ASML, AVGO, FAST, JD, KLAC, MCHP, NFLX, NVDA, NXPI, SWKS, TXN, WYNN, XLNX, ALXN, KHC, MNST, QCOM, EA, WDC, MYL, AMD, CTRP, MU,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 3

AMD, CTRP, MU,

Moving Below 30 DMA = 5

ADP, CMCSA, ORLY, REGN, VRSK,

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SPY Breaks Support after Powell Comments & Consumer Confidence Misses Consensus...

© 2019

The DJIA, closed down 179 points at 26,548, led by weakness in BA, MSFT, AAPL, V and UNH.  Closing above 26,000 above for the twelfth straight day. 

One of eleven sectors was higher on Tuesday, led by materials XLB +0.05% and staples XLP -0.05%.  

SPY down 2.88 at 290.76 on 81.8 million shares, 13% above average volume. Down on higher volume.

VIX up 1.02 at 16.28

Oil up 1.02 at 58.77

TLT up .41 at 132.82 on 9.6 million shares. 

WBA +1.92%, MCD +0.88%, led the DJIA, 6 advancers, -13

AGN +25.36%, HCA +3.12% and MOS +3.12%, led the SPX.

MYL +3.84%, BIIB +1.86%, INCY +0.79% and SBUX +0.72% led the NDX.

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

Up:

Down: IWM, DIA, SPY, QQQ,

Breadth weakened on Tuesday, as decliners led 1,902 to 965 on the NYSE and led 1,947 to 1,130 on the NASDAQ

The SPY MFC green line turned down in the upper zone at 92 and is short-term counter-trend defensive. 

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

Neutral sectors:  XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

15 of 100 NDX stocks closed higher on Tuesday.

81 NDX stocks are above their 30 DMA:  PEP, CERN, CTAS, CHTR, IDXX, XRAY, TTWO, MELI, ORLY, MDLZ, WLTW, AMGN, COST, HAS, HSIC, ILMN, SBUX, VRSK, VRSN, ADP, CSCO, EXPE, FISV, INTU, PCAR, PYPL, SNPS, LBTYA, MSFT, MXIM, ROST, BKNG, CTSH, EBAY, GILD, ISRG, MAR, AAPL, ADI, AMZN, CDNS, DLTR, INTC, WBA, ULTA, CTXS, UAL, AAL, ATVI, LULU, SIRI, CMCSA, FB, TSLA, VRTX, ADBE, BIIB, INCY, SYMC, AMAT, ASML, AVGO, FAST, JD, KLAC, MCHP, NFLX, NVDA, NXPI, SWKS, TXN, WYNN, XLNX, ALXN, KHC, REGN, MNST, QCOM, EA, WDC, MYL,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

MYL,  

Moving Below 30 DMA = 8

ADSK, AMD, BMRN, CSX, CTRP, GOOGL, NTES, WDAY,

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Breakout Test Pauses Above Resistance on Rally Day 10

© 2019

The DJIA, closed up 8 points at 26,727, led by strength in BA, GS, UTX, DOW and PG.  Closing above 26,000 above for the eleventh straight day. 

Five of eleven sectors were higher on Monday, led by materials XLB +0.38% and staples XLP +0.26%. 

VIX down .42 at 15.26

TLT up .98 at 132.41 on 6.3 million shares. 

DOW +2.52%, MRK +1.11%, led the DJIA, 19 advancers, +7

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

Up: DIA,

Down: SPY, QQQ, IWM,

Breadth weakened slightly on Monday, as decliners led 1,777 to 1,110 on the NYSE and led 2,161 to 932 on the NASDAQ

The SPY MFC green line is in the upper zone at 95 and is short-term bullish. 

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

Neutral sectors:  XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

40 of 100 NDX stocks closed higher on Monday.

89 NDX stocks are above their 30 DMA:  PEP, CERN, CTAS, CHTR, IDXX, XRAY, TTWO, MELI, ORLY, AMD, MDLZ, WLTW, AMGN, COST, HAS, HSIC, ILMN, SBUX, VRSK, VRSN, ADP, CSCO, EXPE, FISV, INTU, PCAR, PYPL, SNPS, AMAT, LBTYA, MSFT, MXIM, ROST, WDAY, BKNG, CTSH, EBAY, GILD, ISRG, MAR, AAPL, ADI, AMZN, CDNS, DLTR, INTC, NTES, WBA, ULTA, CTXS, UAL, AAL, ATVI, LULU, SIRI, CMCSA, FB, TSLA, VRTX, ADBE, BIIB, BMRN, INCY, SYMC, AMAT, ASML, AVGO, CSX, FAST, JD, KLAC, MCHP, NFLX, NVDA, NXPI, SWKS, TXN, WYNN, XLNX, ALXN, CTRP, KHC, REGN, ADSK, MNST, QCOM, EA, GOOGL, WDC,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 1

WDC,

Moving Below 30 DMA = 3

CELG, FOXA, PAYX,

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Rally Day 8 HBO All-time New High Close on SPY, DIA...New Price Targets...

© 2019

The DJIA, closed up 249 points at 26,753, led by strength in BA, HD, UTX, MMM and V.  Closing above 26,000 above for the ninth straight day. 

All eleven sectors were higher on Thursday, led by energy XLE +2.22% and industrials XLI +1.67%. 

SPY up 2.80 at 295.86 on 116.5 million shares, 53% above average volume. Up on lower volume.

VIX up .42 at 14.75

Oil up 2.78 at 57.16

TLT up .35 at 132.89 on 10.7 million shares. 

UTX +2.58%, CAT +2.31%, led the DJIA, 26 advancers, +6

ORCL +8.18%, NBL +6.15% and HFC +5.36%, led the SPX.

ALXN +5.06%, ADBE +3.74%, REGN +3.10% and XLNX +2.61% led the NDX.

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

Up: IWM, SPY, DIA, QQQ,

Down:

Breadth strengthened on Thursday, as advancers led 2,123 to 781 on the NYSE and led 1,803 to 1,265 on the NASDAQ

The SPY MFC green line crossed into the upper zone at 88 and is short-term bullish. 

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

Neutral sectors:  XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

81 of 100 NDX stocks closed higher on Thursday.

91 NDX stocks are above their 30 DMA:  PAYX, PEP, CERN, CTAS, CHTR, IDXX, XRAY, TTWO, MELI, ORLY, AMD, MDLZ, WLTW, AMGN, CELG, COST, HAS, HSIC, ILMN, SBUX, VRSK, VRSN, ADP, CSCO, EXPE, FISV, INTU, PCAR, PYPL, SNPS, AMAT, LBTYA, MSFT, MXIM, ROST, WDAY, BKNG, CTSH, EBAY, GILD, ISRG, MAR, AAPL, ADI, AMZN, CDNS, DLTR, INTC, NTES, WBA, ULTA, CTXS, UAL, AAL, ATVI, LULU, SIRI, CMCSA, FB, TSLA, VRTX, ADBE, BIIB, BMRN, INCY, SYMC, AMAT, ASML, AVGO, CSX, FAST, JD, KLAC, MCHP, NFLX, NVDA, NXPI, SWKS, TMUS, TXN, WYNN, XLNX, ALXN, CTRP, KHC, REGN, ADSK, CHKP, LRCX, MNST, QCOM, 

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 5

ADSK, CHKP, LRCX, MNST, QCOM,  

Moving Below 30 DMA = 0

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