© 2019
SPX
closes up at 2,984, down just -1.23% from last Thursday’s 3,021
high.
The DJIA, closed up 162 points at 26,970 led by strength in BA, NKE, AAPL, HD and GS. Closing below 27,000 for the fourth straight day.
Eight of eleven sectors were higher on Wednesday, led by technology XLK +1.19% and communication services XLC +1.15%.
SPY up 1.75 at 297.62 on 73.4 million shares, 3% above average volume. Up on lower volume.
VIX down 1.09 at 15.96
Oil down .14 at 56.66
TLT down 2.10 at 141.47 on 14.5 million shares.
GLD down 2.68 at 141.83
NKE +4.16%, INTC +2.41%, led the DJIA, 21 advancers, +14
MPC +8.42%, PM +5.20% and AA
+4.27% led the SPX.
CTAS +5.74%, BIDU +5.32%, NFLX +4.16% and NFLX +3.99% led the NDX.
Long term up
trend intact. 3-day short term trend is down a little.
Up: QQQ, IWM, DIA, SPY,
Down:
Breadth strengthened
on Wednesday as advancers led 1,870 to 1,025 on the NYSE and
led 1,790 to 1,267 on the NASDAQ
The SPX
MFC green line is in the upper zone and pointed down at 82.9 and is counter-trend
defensive.
Uptrend sectors: XLU, XLRE, XLP, XLY, XLK, XLC, XLI, XLF, XLB,
Neutral sectors:
XLV, XLE,
Down trend sectors:
The 6-month intermediate
trend is up. The ten-day trend is down a little.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down a little
81 of 100 NDX stocks
closed higher on Wednesday.
60 NDX stocks are above their 30 DMA: SBUX, CELG, KLAC,
NTES, PEP, EA, ATVI, BKNG, CHTR, COST, JBHT, CMCSA, AAPL, SIRI, ASML,
LRCX, MU, NVDA, WDC, DLTR, AMAT, CSX, CTXS, INTC, NXPI, TXN, EXPE, FAST,
GOOGL, LULU, MCHP, MXIM, NTAP, SWKS, WBA, TMUS, UAL, HAS, KHC, BIIB, CSCO,
ILMN, ISRG, WLTW, MNST, MSFT, ORLY, SNPS, ALGN, ROST, XRAY, MDLZ, AAL, ADI, CTAS, HSIC,
MYL, PAYX, QCOM, SYMC, WYNN,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 9
AAL, ADI, CTAS, HSIC, MYL, PAYX,
QCOM, SYMC, WYNN,
Moving Below 30 DMA = 4
ADSK, AVGO, GILD, REGN,
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