SPX/SPY Support Holds Day 5...

© 2019

SPX closes at 2,976, down -1.5% from Sep 19th 3,021 high.

The DJIA, closed up 96 points at 26,916 led by strength in AAPL, IBM, HD, UNH and NKE.  Closing below 27,000 for the seventh straight day.

Nine of eleven sectors were higher on Monday, led by technology XLK +1.05% and healthcare XLV +0.90%.

SPY up 1.37 at 296.77 on 52.5 million shares, 21% below average volume.  Up on lower volume.

VIX down .98 at 16.24

Oil down 1.94 at 54.24

TLT up .35 at 143.08 on 8.4 million shares.

GLD down 2.19 at 138.87

AAPL +2.35%, NKE +1.74%, led the DJIA, 19 advancers, +6

JEF +3.60%, LB +3.43% and NWL +2.86% led the SPX.

MAR +2.98%, ALGN +2.89%, CTSH +2.58% and ULTA +2.56% led the NDX.

Long term up trend intact.  3-day short term trend is down a little.

Up: QQQ, SPY, DIA, IWM,

Down:                                                                  

Breadth strengthened on Monday as advancers led 1,669 to 1,235 on the NYSE and led 1,698 to 1,388 on the NASDAQ

The SPX MFC green line is below 80 and is pointed down at 75 and is short-term defensive.

Uptrend sectors: XLU, XLRE, XLP, XLF, XLI, XLB, XLY, XLK, XLC,

Neutral sectors:  XLV, XLE,

Down trend sectors:

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 Trend: Down a little

83 of 100 NDX stocks closed higher on Monday.

49 NDX stocks are above their 30 DMA:  CELG, KLAC, PEP, JBHT, AAPL, ASML, LRCX, DLTR, AMAT, CSX, CTXS, INTC, NXPI, TXN, EXPE, FAST, GOOGL, LULU, MCHP, MXIM, NTAP, PCAR, WBA, UAL, HAS, KHC, BIIB, CSCO, ILMN, ISRG, MSFT, ORLY, ROST, XRAY, MDLZ, CTAS,  TSLA, HSIC, ADI, ALGN, ATVI, CHKP, EA, MNST, NTES, NVDA, PAYX, SIRI, SWKS, TMUS,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 12

ADI, ALGN, ATVI, CHKP, EA, MNST, NTES, NVDA, PAYX, SIRI, SWKS, TMUS,

Moving Below 30 DMA = 2

QCOM, WDC,

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