© 2019
After
the close AMD -0.35, -1.06% and MXIM +4.15, +7.07% reported earnings.
Upcoming:
Wed Oct 30 – 39 SP 500 stocks report EPS…
Wed Oct 30 – next FOMC Meeting Announcement 2 pm ET
Wed Oct 30 – next FOMC Meeting Announcement 2 pm ET
Wednesday is a big event day with the FOMC announcement at 2 pm
ET and AAPL, FB and WDC after the close. Will the NDX and SPX breakouts
hold and move higher or will the fold?
Stay tuned…
Seven of eleven sectors were higher on Tuesday, led
by XLV, XLB and XLE.
SPY down .09 at 303.21 on 44.2 million shares, below average
volume. Down on higher volume.
VIX up .09 at 13.20
Oil down .24 at 55.50
TLT up .09 at 137.35 on 5.2 million shares
GLD down .39 at 140.25
MRK, PFE, BA led the DJIA, 11 advancers, -10
NOV, XRX, LEG led the SPX, 276 advancers
NXPI, INCY, CHKP, MYL led the NDX, 42 advancers
Long term up
trend intact. 3-day short term trend is up.
Up: IWM, DIA,
Down: SPY, QQQ,
Breadth weakened
moderately on Tuesday as advancers led 1,545 to 1,384 on the NYSE and
led 1,540 to 1,539 on the NASDAQ
The SPX
MFC green line is above 80 at 94 and is short-term
bullish.
Uptrend sectors: XLK, XLF, XLRE, XLV, XLP, XLU,
Neutral sectors:
XLC, XLI, XLB, XLY,
Down trend sectors: XLE,
The 6-month intermediate
trend is up. The ten-day trend is up.
3-month Intermediate Term Market Trend: Up a little
3-day Short Term Market Trend: Up
42 of 100 NDX stocks
closed higher on Tuesday.
68 NDX stocks are above their 30 DMA: KLAC, AAPL, ASML, CTXS, CTAS, ALGN, CELG,
CHTR, NVDA, XRAY, COST, LULU, SWKS, TSLA, EXPE, INTC, ISRG, ORLY,
PAYX, AMGN, FAST, GOOGL, NTES, PCAR, SIRI, WYNN, AAL, AMD, INCY, VRTX, BKNG,
ISRG, JBHT, JD, NTAP, QCOM, TMUS, UAL, WBA, FOXA, CSX, BIIB, KHC, ALXN, FB,
MAR, ADP, AMAT, AMZN, AVGO, BMRN, LRCX, MCHP, MSFT, MU, PYPL, WDC, CMCSA,
NFLX, VRSN, CDNS, CHKP, CTRP, MXIM, NXPI, FISV, HSIC, MYL,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 3
FISV, HSIC, MYL,
Moving Below 30 DMA = 5
ATVI, BIDU, EA, ILMN, SNPS,
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