Monday, June 24, 2019

Breakout Test Pauses Above Resistance on Rally Day 10


© 2019


The DJIA, closed up 8 points at 26,727led 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 sectorsXLP, 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 TrendUp


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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