Monday, July 1, 2019

SPX/SPY New All-time Closing High Following US/China Trade Truce at G20 Meeting on Saturday...


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The DJIA, closed up 117 points at 26,717led by strength in AAPL, HD, GS, DIS and IBM.  Closing above 26,000 above for the sixteenth straight day. 

Nine of eleven sectors were higher on Monday, led by technology XLK +1.59% and financials XLF +1.20%. 

SPY up 2.66 at 295.66 on 79.1 million shares, 15% above average volume. Up on higher volume.
VIX down 1.02 at 14.06
Oil up .99 at 59.19
TLT down .57 at 132.24 on 14.1 million shares. 

AAPL +1.83%, NKE +1.74%, led the DJIA, 24 advancers, +7
QRVO +5.96%, WDC +4.42% and AVGO +4.34%, led the SPX.
SWKS +6.00%, WYNN +5.86%, MCHP +5.42% and CTRP +4.74% led the NDX.


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

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

Breadth weakened slightly on Monday, as advancers led 1,712 to 1,193 on the NYSE and led 1,810 to 1,310 on the NASDAQ

The SPY MFC green line turned up in the upper zone at 85 and is short-term bullish

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


85 of 100 NDX stocks closed higher on Monday.

92 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, 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,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 6
ADSK, CMCSA, GOOGL, NTAP, NTES, WDAY,

Moving Below 30 DMA = 2
BMRN, ULTA,

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