Monday, June 10, 2019

Stocks Rally Day 5, SPX +141 points since Monday's Close...DJIA 26,062 after No Mexico Tariffs...


© 2019


The DJIA, closed up 78 points at 26,062led by strength in UNH, AAPL, MSFT, V and BA.  Closing above 26,000 above for the first time since May 6. 

Eight of eleven sectors were higher on Monday, led by technology XLK +1.02% and financial XLF +0.85%. 

SPY up 1.32 at 288.97 on 60.7 million shares, 25% below average volume. Up on lower volume.
VIX down .36 at 15.94
Oil down .62 at 53.42
TLT down 1.24 at 130.50 on 8.3 million shares. 

GS +2.27%, INTC +1.67%, led the DJIA, 21 advancers, -5
M +6.07%, DLPH +5.80% and LYB +5.59%, led the SPX.
ADI +5.82%, KHC +5.46%, WYNN +5.09% and SWKS +4.21% led the NDX.


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

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

Breadth weakened slightly on Monday, as advancers led 1,766 to 1,122 on the NYSE and led 1,945 to 1,141 on the NASDAQ

The SPY MFC green line is pointed up at 54 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 TrendUp


79 of 100 NDX stocks closed higher on Monday.

65 NDX stocks are above their 30 DMA:  PAYX, PEP, CERN, CTAS, CHTR, IDXX, MNST, XRAY, TTWO, MELI, ORLY, AMD, MDLZ, WLTW, AMGN, CELG, COST, EA, HAS, HSIC, ILMN, SBUX, TMUS, VRSK, VRSN, ADP, CSCO, CSX, EXPE, FISV, INTU, PCAR, PYPL, SNPS, AMAT, LBTYA, MSFT, MXIM, ROST, WDAY, ADBE, ATVI, BKNG, CTSH, EBAY, GILD, ISRG, MAR, TXN, VRTX, AAPL, ADI, ALGN, AMZN, ASML, BIIB, CDNS, DLTR, FAST, INTC, KLAC, LRCX, NTES, WBA, XLNX,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 15
AAPL, ADI, ALGN, AMZN, ASML, BIIB, CDNS, DLTR, FAST, INTC, KLAC, LRCX, NTES, WBA, XLNX,

Moving Below 30 DMA = 2
INCY, NFLX,

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