Thursday, August 8, 2019

DJIA Jumps 371 points on Support Bounce...ST Trend Turns Up...


© 2019


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

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

Breadth strengthened on Thursday, as advancers led 2,428 to 512 on the NYSE and led 2,241 to 836 on the NASDAQ

The SPY MFC green line turned up at 29 and is short-term bullish

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



40 NDX stocks are above their 30 DMA:  CTAS, IDXX, HAS, SBUX, FISV, SIRI, AVGO, WDC, GOOGL, JBHT, AMGN, CELG, BIIB, KLAC, NXPI, TTWO, TXN, VRSK, ATVI, COST, LRCX, ROST, ADP, AMAT, AMD, ASML, BKNG, EA, EBAY, INTU, LULU, MDLZ, MELI, MSFT, PAYX, REGN, SYMC, ULTA, VRTX, WLTW,


NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 18
ADP, AMAT, AMD, ASML, BKNG, EA, EBAY, INTU, LULU, MDLZ, MELI, MSFT, PAYX, REGN, SYMC, ULTA, VRTX, WLTW,

Moving Below 30 DMA = 1
FOXA,


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