© 2019
SPY, QQQ, reach an all-time new high in
Week 31 of the current intermediate term up-trend…
New all-time closing highs:
SPX = 3,025
NDX = 8,016
SPY = 302.01
QQQ = 195.29
Nine of eleven sectors were higher on Friday, led by communication services
XLC +2.86% and staples
XLP +1.12%.
SPY up 2.01 at 302.01 on 45.0
million shares, 19% below
average volume. Up on lower volume.
VIX down .58 at 12.16
Oil up .25 at 56.16
TLT up .31 at 131.47 on 6.1 million shares.
KO +2.07%, PG +1.74%, led the DJIA, 18 advancers, +7
UHS +10.89%, TWTR +8.92% and ZBH +8.55%, led the SPX.
GOOG +10.45%, SBUX +8.94%, FISV +6.16% and TMUS +5.43% led the NDX.
Long term up
trend intact. 3-day short term trend is up.
Up: IWM,
QQQ, SPY, DIA
Down:
Breadth strengthened
on Friday, as advancers led 1,983 to 914 on the NYSE and led 2,103 to 922 on the NASDAQ
The SPY
MFC green line is pointed up in the upper zone at 92 and is short-term
bullish.
Uptrend sectors: XLP, XLY, XLK, XLC, XLF, XLI, XLB, XLRE, XLU, XLV,
Neutral sectors:
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
65 of 100 NDX stocks closed higher on Friday.
69 NDX stocks are above their 30 DMA: CTAS, IDXX, TTWO, WLTW, COST, HAS, SBUX, VRSN, EXPE, FISV, INTU,
SNPS, MSFT, MXIM, ROST, BKNG, CTSH, AAPL, ADI, CDNS, INTC, UAL, LULU, SIRI,
FB, ADBE, SYMC, AMAT, ASML, AVGO, JD, KLAC, MCHP, NVDA, SWKS, TXN, WYNN,
XLNX, QCOM, WDC, AMD, CTRP, MU, FOXA, VRSK, CMCSA, GOOGL, CSCO, ULTA, LRCX,
TMUS, JBHT, NXPI, ADP, ISRG, EBAY, KHC, LBTYA, MELI, BIIB, MAR, MNST, WBA,
ATVI, PCAR, WDAY, PAYX, FAST, REGN,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 2
FAST, REGN,
Moving Below 30 DMA = 3
ADSK, AMZN, CHTR,
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