© 2019
Both SPX/SPY hit
a new all-time closing high on Tuesday.
This was notwithstanding weakness in energy stocks and semiconductor
stocks. Fourteen semi stocks including
WDC rolled over today and closed below the low of the high day.
Seven of eleven sectors were higher on Tuesday, led by real estate XLRE +1.85% and utilities XLU +1.36%.
SPY up .77 at 296.43 on 61.5 million
shares, 10% below average
volume. Up on lower volume.
VIX down 1.13 at 12.93
Oil down 2.87 at 56.32
TLT up 1.02 at 133.26 on 10.4 million shares.
VZ +2.59%, CSCO +1.95%, led the DJIA, 21 advancers, -3
HCP +3.14%, IPG +2.97% and WELL
+2.97%, led the SPX.
ORLY +2.34%, ALXN +2.13%, SIRI +2.10% and FOXA +1.87% led the NDX.
Long term up trend intact. 3-day short term trend is up.
Up: QQQ,
SPY, DIA,
Down: IWM,
Breadth weakened on Tuesday, as advancers led 1,574 to 1,332 on the NYSE and decliners led 1,748 to 1,336 on
the NASDAQ
The SPY
MFC green line turned up in 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
61 of 100 NDX stocks closed higher on Tuesday.
92 NDX stocks are above their 30 DMA: PEP, CERN, CTAS, CHTR, IDXX,
XRAY, TTWO, MELI, MDLZ, WLTW, AMGN, COST, HAS, ILMN, SBUX, VRSN, EXPE,
FISV, INTU, PCAR, PYPL, SNPS, LBTYA, MSFT, MXIM, ROST, BKNG, CTSH, EBAY, GILD,
ISRG, MAR, AAPL, ADI, AMZN, CDNS, DLTR, INTC, WBA, 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,
CSX, ADSK, CMCSA, GOOGL, NTAP, NTES, WDAY, CSCO, ORLY,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 2
CSCO, ORLY,
Moving Below 30 DMA = 2
ADP, HSIC,
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