Friday, June 28, 2019

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



© 2019

The DJIA, closed up 73 points at 26,599led 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 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


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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