Thursday, June 13, 2019

Rally Day 8, Bull Flag Bounce...




© 2019



The DJIA, closed up 101 points at 26,106led by strength in DIS, HD, BA, PG and GS.  Closing above 26,000 above for the fourth straight day. 

Ten of eleven sectors were higher on Thursday, led by energy XLE +1.17% and communication services XLC +1.12%. 

SPY up 1.19 at 289.58 on 48.9 million shares, 38% below average volume. Up on higher volume.
VIX down .09 at 15.82
Oil up 1.12 at 52.20
TLT up .45 at 131.13 on 5.5 million shares. 

DIS +4.44%, HD +1.71%, led the DJIA, 19 advancers, +4
XEC +4.21%, TPR +3.85% and WHR +3.77%, led the SPX.
AAL +6.40%, UAL +3.96%, WDC +3.04% and ROST +2.27% led the NDX.

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

Up: IWM, QQQ, DIA, SPY
Down:

Breadth strengthened on Thursday, as advancers led 2,098 to 795 on the NYSE and led 2,052 to 1,018 on the NASDAQ

The SPY MFC green line is turned up at 71 and is short-term bullish

Uptrend sectorsXLP, XLRE, XLU, XLY, XLK, XLB, XLI, XLC,
Neutral sectors:  XLF, XLV, 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 TrendSideways


72 of 100 NDX stocks closed higher on Thursday.

64 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, CSX, EXPE, FISV, INTU, PCAR, PYPL, SNPS, AMAT, LBTYA, MSFT, MXIM, ROST, WDAY, BKNG, CTSH, EBAY, GILD, ISRG, MAR, TXN, AAPL, ADI, AMZN, ASML, BIIB, CDNS, DLTR, INTC, NTES, WBA, ULTA, ADBE, CTXS, UAL, AAL, ATVI, FAST, KLAC, LULU, SIRI,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 6
AAL, ATVI, FAST, KLAC, LULU, SIRI,

Moving Below 30 DMA = 3
MNST, TMUS, VRTX,


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