Tuesday, August 13, 2019

Buyers Lift Stocks after Tariff Delay Announced Shortly After the Open on Tuesday...



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The DJIA, closed up 382 points at 26,279led by strength in AAPL, UNH, MSFT, MMM and GS.  Closing below 27,000 for the eleventh straight day.  

All eleven sectors were higher on Tuesday, led by technology XLK 2.50% and discretionary XLY 1.65%.

SPY up 4.48 at 292.55 on 94.7 million shares, 35% above average volume.  Up on higher volume.
VIX down 3.57 at 17.52
Oil up 1.95 at 56.73
TLT down .49 at 142.48 on 16.1 million shares. 

AAPL +4.23%, INTC +2.72%, led the DJIA, 28 advancers, +27
BBY +6.47%, LRCX +4.78% and WRK +4.30%, led the SPX.
JD +12.89%, NTES +10.93%, SYMC +6.69% and MU +4.84% led the NDX.

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

Up:  QQQ, SPY, DIA, IWM,
Down:

Breadth strengthened on Tuesday, as advancers led 2,134 to 822 on the NYSE and led 2,115 to 961 on the NASDAQ

The SPY MFC green line is pointed up at 44 and is short-term bullish

Uptrend sectorsXLRE, XLU, XLP, XLY, XLK, XLB,
Neutral sectors:  XLC, XLV, XLF, XLI,
Down trend sectors: XLE,

The 6-month intermediate trend is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendSideways

93 of 100 NDX stocks closed higher on Tuesday.

39 NDX stocks are above their 30 DMA:  CTAS, HAS, SBUX, FISV, WDC, GOOGL, JBHT, AMGN, CELG, KLAC, TTWO, TXN, VRSK, ADP, BKNG, VRTX, INCY, AAPL, AMAT, ASML, ATVI, COST, EA, EBAY, IDXX, INTU, JD, LRCX, MDLZ, MELI, MSFT, MU, MYL, NTES, NXPI, REGN, ROST, SIRI, SYMC,


NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 22
AAPL, AMAT, ASML, ATVI, COST, EA, EBAY, IDXX, INTU, JD, LRCX, MDLZ, MELI, MSFT, MU, MYL, NTES, NXPI, REGN, ROST, SIRI, SYMC,

Moving Below 30 DMA = 1
AMD,


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