Thursday, July 25, 2019

SPY, QQQ Pause, Test Breakout...GOOGL, SBUX, INTC Up in After-hours on Positive EPS Reactions...




© 2019


The DJIA, closed down 128 points at 27,140led by weakness in BA, UNH, GS, DOW and V.  Closing above 27,000 for the eleventh straight day. 

One of eleven sectors was higher on Thursday, led by staples XLP +0.13% and industrials XLI -0.20%

SPY down 1.44 at 300.00 on 55.3 million shares, 2% below average volume.  Down on higher volume.
VIX up .67 at 12.74
Oil up .01 at 55.91
TLT down .63 at 131.16 on 8.8 million shares. 

CAT +2.12%, UTX +1.57%, led the DJIA, 11 advancers, -3
MAS +8.11%, FTI +6.03% and LKQ +5.11%, led the SPX.
NFLX +2.68%, CELG +2.48%, FISV +2.33% and FOXA +1.56% led the NDX.

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

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

Breadth weakened on Thursday, as decliners led 2,122 to 801 on the NYSE and led 2,193 to 852 on the NASDAQ

The SPY MFC green line is pointed up in the upper zone at 88 and is short-term bullish

Uptrend sectorsXLP, XLY, XLK, XLC, XLRE, XLU, XLV, XLF, XLI, XLB,
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 TrendUp


23 of 100 NDX stocks closed higher on Thursday.

70 NDX stocks are above their 30 DMA:  CTAS, CHTR, IDXX, TTWO, WLTW, COST, HAS, SBUX, VRSN, EXPE, FISV, INTU, SNPS, MSFT, MXIM, ROST, BKNG, CTSH, AAPL, ADI, AMZN, 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, ADSK, CMCSA, GOOGL, CSCO, ULTA, LRCX, TMUS, JBHT, NXPI, ADP, ISRG, EBAY, KHC, LBTYA, MELI, BIIB, MAR, MNST, WBA, ATVI, PCAR, WDAY, PAYX,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 1
PAYX,

Moving Below 30 DMA = 9
AAL, BIDU, CTXS, FAST, MYL, ORLY, PYPL, REGN, TSLA,

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