Thursday, September 19, 2019

SPX Ends Unchanged after Trading Range Day...


© 2019


The DJIA, closed down 52 points at 27,094 led by weakness in DIS, HD, BA, GS and AAPL.  Closing above 27,000 for the seventh day in a row.

Six of eleven sectors were higher on Thursday, led by healthcare XLV +0.47% and utilities XLU +0.47%.


SPY down .02 at 301.08 on 78.0 million shares, 8% above average volume.  Flat on higher volume.
VIX up .10 at 14.05
Oil up .45 at 58.64
TLT up .42 at 140.04 on 13.4 million shares.
GLD up .57 at 141.28

MSFT +1.84%, MRK +1.14%, led the DJIA, 13 advancers, -4
CI +2.66%, GCI +2.65% and OXY +2.62% led the SPX.
ALXN +2.61%, ALGN +2.59%, MSFT +1.84% and ADSK +1.50% led the NDX.


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

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

Breadth strengthened on Thursday, as advancers led 1,515 to 1,410 on the NYSE and decliners led 1,664 to 1,396 on the NASDAQ

The SPY MFC green line is in the upper zone at 92 and is short-term bullish

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

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 TrendSideways

46 of 100 NDX stocks closed higher on Thursday.

73 NDX stocks are above their 30 DMA:  SBUX, CELG, KLAC, NTES, SYMC, PEP, EA, ATVI, BKNG, CHTR, COST, JBHT, CMCSA, QCOM, AAPL, MYL, SIRI, ASML, LRCX, MU, NVDA, ROST, WDC, DLTR, LBTYA, AMAT, AVGO, CSX, CTSH, CTXS, INTC, JD, NXPI, TXN, AAL, ADI, AMZN, EXPE, FAST, FB, GOOGL, LULU, MCHP, MXIM, NTAP, SWKS, TSLA, WBA, ADSK, GILD, TMUS, UAL, BIDU, HAS, HSIC, KHC, MAR, WYNN, BIIB, CSCO, ILMN, ISRG, EBAY, WLTW, MNST, BMRN, MDLZ, MSFT, ORLY, PAYX, SNPS, TTWO, VRSK, ALGN,


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

Moving Below 30 DMA = 3
CHKP, CTRP, XLNX,


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