SPX, DJI, NDX New Closing Highs Again...Happy Thanksgiving...Gratitude for All Blessings...

© 2019

SPY, QQQ and DIA closed at new all-time closing highs for the third straight day headed into the Thanksgiving Day Holiday.  We all have much for which we can be grateful.  

Remember markets close early on Friday, with just a half day of trading.

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

Up: IWM, QQQ, SPY, DIA,

Down:                                                                  

Breadth strengthened on Wednesday as advancers led 1,843 to 1,090 on the NYSE and led 2,072 to 1,053 on the NASDAQ

The SPX MFC green line is above 80, pointed up at 95 and is short-term bullish. 

Uptrend sectors:  XLK, XLV, XLC, XLP, XLF, XLI, XLB,

Neutral sectors:  XLY, XLE, XLU, XLRE,

Down trend sectors:

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 Trend: Up

80 of 100 NDX stocks closed higher on Wednesday.

82 NDX stocks are above their 30 DMA:  AAPL, ASML, CTXS, ALGN, CELG, CHTR, NVDA, SWKS, TSLA, INTC, ISRG, ORLY, AMGN, REGN, FAST, GOOGL, NTES, PCAR, SIRI, AMD, INCY, VRTX, ISRG, NTAP, QCOM, WBA, FOXA, BIIB, ALXN, FB, MAR, AMAT, AVGO, BMRN, MSFT, NFLX, CHKP, NXPI, HSIC, ADBE, ADSK, CTSH, BIDU, CDNS, EA, FISV, LULU, ADP, MNST, WLTW, PAYX, VRSN, WDAY, MELI, CERN, ILMN, GILD, JD, ADI, TCOM, UAL, WYNN, AMZN, CSX, LRCX, PYPL, ROST, SBUX, SNPS, COST, HAS, INTU, MCHP, MDLZ, MYL, PEP, VRSK, ATVI, MU, TTWO, TXN, XLNX, 

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 5

ATVI, MU, TTWO, TXN, XLNX,

Moving Below 30 DMA = 2

JBHT, KHC,  

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SPY, DIA, QQQ Record Highs on Tuesday...BBY +9.8%...

© 2019

BBY +7.32, +9.86% gained on a positive EPS reaction.

SPY, QQQ and DIA closed at new all-time closing highs for the second straight day.

DJIA closed up 55 at 28,121 led by strength in HD, MCD, DIS, PG and TRV.  Closing above 28,000 for the second straight day.

Eight of eleven sectors were higher on Tuesday, led by XLRE, XLP and XLY.

SPY up .71 at 314.08 on 37.7 million shares, below average volume and the fifth lowest volume of 2019.  Up on lower volume.

VIX down .33 at 11.54

Oil up .41 at 58.32

TLT up .82 at 141.13 on 4.2 million shares

GLD up .66 at 137.74

MRK, PG, DIS led the DJIA, 17 advancers, -5

BBY, DLPH, CMG led the SPX, 299 advancers

INTU, NTES, CTAS, ULTA led the NDX, 62 advancers

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

Up: SPY, DIA, QQQ, IWM,

Down:                                                                  

Breadth weakened on Tuesday as advancers led 1,585 to 1,348 on the NYSE and decliners led 1,597 to 1,564 on the NASDAQ

The SPX MFC green line is above 80, pointed up at 93 and is short-term bullish. 

Uptrend sectors:  XLK, XLV, XLC, XLP, XLF, XLI, XLB,

Neutral sectors:  XLY, XLE, XLU, XLRE,

Down trend sectors:

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 Trend: Up

62 of 100 NDX stocks closed higher on Tuesday.

79 NDX stocks are above their 30 DMA:  AAPL, ASML, CTXS, ALGN, CELG, CHTR, NVDA, SWKS, TSLA, INTC, ISRG, ORLY, AMGN, REGN, FAST, GOOGL, NTES, PCAR, SIRI, AMD, INCY, VRTX, ISRG, NTAP, QCOM, WBA, FOXA, BIIB, KHC, ALXN, FB, MAR, AMAT, AVGO, BMRN, MSFT, NFLX, CHKP, NXPI, HSIC, ADBE, ADSK, CTSH, BIDU, CDNS, EA, FISV, LULU, ADP, MNST, WLTW, PAYX, VRSN, WDAY, MELI, CERN, ILMN, GILD, JD, ADI, TCOM, UAL, WYNN, AMZN, CSX, JBHT, LRCX, PYPL, ROST, SBUX, SNPS, COST, HAS, INTU, MCHP, MDLZ, MYL, PEP, VRSK,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 8

COST, HAS, INTU, MCHP, MDLZ, MYL, PEP, VRSK,

Moving Below 30 DMA = 2

DLTR, MU,

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SPX, DJI, NDX Reach New All-time Closing High as Semis and Tech Rally...

© 2019

SPY, QQQ and DIA closed at new all-time closing highs after a higher open, bull flag bounce.

DJIA closed up 190 at 28,066 led by strength in UNH, AAPL, MMM, CAT and GS.  Closing above 28,000 again.

Ten of eleven sectors were higher on Monday, led by XLK, XLV and XLY.

SPY up 2.41 at 313.37 on 48.7 million shares, below average volume.  Up on lower volume.

VIX down .47 at 11.87

Oil down .40 at 57.93

TLT up .41 at 140.31 on 4.1 million shares

GLD down .66 at 137.08

UNH, INTC, DOW led the DJIA, 22 advancers, +2

LB, TIF, CPRI led the SPX, 382 advancers

INCY, NVDA, AMAT, MYL led the NDX, 84 advancers

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

Up: IWM, QQQ, SPY, DIA,

Down:                                                                  

Breadth strengthened on Monday as advancers led 2,141 to 810 on the NYSE and led 2,456 to 717 on the NASDAQ

The SPX MFC green line is above 80, turned up at 93 and is short-term bullish. 

Uptrend sectors:  XLK, XLV, XLC, XLP, XLF, XLI, XLB,

Neutral sectors:  XLY, XLE, XLU, XLRE,

Down trend sectors:

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 Trend: Up

84 of 100 NDX stocks closed higher on Monday.

73 NDX stocks are above their 30 DMA:  AAPL, ASML, CTXS, ALGN, CELG, CHTR, NVDA, SWKS, TSLA, INTC, ISRG, ORLY, AMGN, REGN, FAST, GOOGL, NTES, PCAR, SIRI, AMD, INCY, VRTX, ISRG, NTAP, QCOM, WBA, FOXA, BIIB, KHC, ALXN, FB, MAR, AMAT, AVGO, BMRN, MSFT, NFLX, CHKP, NXPI, HSIC, ADBE, ADSK, CTSH, BIDU, CDNS, EA, FISV, LULU, ADP, MNST, WLTW, PAYX, VRSN, WDAY, MELI, CERN, ILMN, GILD, JD, ADI, TCOM, UAL, WYNN, AMZN, CSX, DLTR, JBHT, LRCX, MU, PYPL, ROST, SBUX, SNPS,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 10

AMZN, CSX, DLTR, JBHT, LRCX, MU, PYPL, ROST, SBUX, SNPS,

Moving Below 30 DMA = 0

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DIA Bull Flag Bounce...SPY, QQQ Bull Flag Setup...JWN +10% on EPS Beat...

© 2019

DIA was a bull flag bounce and entry signal on Friday.  SPY formed a dragonfly doji and QQQ formed a hammer and both still a bull flag setup for Monday.

DJIA closed up 109 at 27,875 led by strength in BA, MMM, GS, JNJ and DIS.  Closing below 28,000 for the fourth straight day.

Seven of eleven sectors were higher on Friday, led by XLF, XLY and XLI. 

SPY up .69 at 310.27 on 44.8 million shares, below average volume.  Up on lower volume.

VIX down .79 at 12.34

Oil up 1.24 at 58.33

TLT up .18 at 139.90 on 4.6 million shares

GLD down .26 at 137.74

PFE, MMM, BA led the DJIA, 20 advancers, +5

JWN, SWN, M led the SPX, 318 advancers

NTES, TCOM, BIIB, REGN led the NDX, 63 advancers

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

Up: DIA, IWM, SPY, QQQ,

Down:                                                                  

Breadth strengthened on Friday as advancers led 1,754 to 1,175 on the NYSE and led 1,810 to 1,312 on the NASDAQ

The SPX MFC green line is above 80, turned down at 93 and is counter-trend defensive. 

Uptrend sectors:  XLK, XLV, XLC, XLP, XLF, XLI, XLB,

Neutral sectors:  XLY, XLE, XLU, XLRE,

Down trend sectors:

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 Trend: Down a little

63 of 100 NDX stocks closed higher on Friday.

63 NDX stocks are above their 30 DMA:  AAPL, ASML, CTXS, ALGN, CELG, CHTR, NVDA, SWKS, TSLA, INTC, ISRG, ORLY, AMGN, REGN, FAST, GOOGL, NTES, PCAR, SIRI, AMD, INCY, VRTX, ISRG, NTAP, QCOM, WBA, FOXA, BIIB, KHC, ALXN, FB, MAR, AMAT, AVGO, BMRN, MSFT, NFLX, CHKP, NXPI, HSIC, ADBE, ADSK, CTSH, BIDU, CDNS, EA, FISV, LULU, ADP, MNST, WLTW, PAYX, VRSN, WDAY, MELI, CERN, ILMN, GILD, JD, ADI, TCOM, UAL, WYNN,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 4

ADI, TCOM, UAL, WYNN,

Moving Below 30 DMA = 6

COST, INTU, LRCX, ROST, SNPS, TTWO, 

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SPY, DIA, QQQ Inside Day, Hammer in Bull Flag Pattern, JWN up After-hours...

© 2019

After the close JWN +2.88, +8.39% gained on a positive EPS reaction.

SPY, DIA, QQQ were range bound today as uncertainty of the timing of phase 1 of the trade deal continued.  An inside hammer was formed on each chart and each is still a bull flag setup for Friday.

DJIA closed down 54 points at 27,766 led by weakness in BA, HD, PG, MCD and V.  Closing below 28,000 for the third straight day.

Three of eleven sectors were higher on Thursday, led by XLE, XLC and XLV.  Energy led as oil rose on today’s modest broad market pullback.

SPY down .50 at 310.27 on 54.6 million shares, average volume.  Down on lower volume.

VIX up .35 at 13.13

Oil up 1.24 at 58.33

TLT down .88 at 139.72 on 5.9 million shares

GLD down .76 at 138.00

XOM, DOW, PFE led the DJIA, 15 advancers, +6

LB, SCHW, DVN led the SPX, 196 advancers

MELI, NTES, NLFX, REGN led the NDX, 43 advancers

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

Up:

Down:  SPY, DIA, QQQ, IWM,                       

Breadth was steady on Thursday as decliners led 1,751 to 1,173 on the NYSE and led 1,823 to 1,315 on the NASDAQ

The SPX MFC green line is above 80, turned down at 95 and is counter-trend defensive. 

Uptrend sectors:  XLK, XLV, XLC, XLP, XLF, XLI, XLB,

Neutral sectors:  XLY, XLE, XLU, XLRE,

Down trend sectors:

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 Trend: Down a little

43 of 100 NDX stocks closed higher on Thursday.

65 NDX stocks are above their 30 DMA:  AAPL, ASML, CTXS, ALGN, CELG, CHTR, NVDA, COST, SWKS, TSLA, INTC, ISRG, ORLY, AMGN, REGN, FAST, GOOGL, NTES, PCAR, SIRI, AMD, INCY, VRTX, ISRG, NTAP, QCOM, WBA, FOXA, BIIB, KHC, ALXN, FB, MAR, AMAT, AVGO, BMRN, LRCX, MSFT, NFLX, CHKP, NXPI, HSIC, ADBE, ADSK, CTSH, BIDU, CDNS, EA, FISV, LULU, ADP, MNST, SNPS, WLTW, INTU, PAYX, VRSN, WDAY, MELI, TTWO, CERN, ILMN, GILD, JD, ROST,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 2

JD, ROST,

Moving Below 30 DMA = 3

KLAC, PYPL, UAL,  

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SPY, DIA, QQQ Long-tailed Hammers and Bull Flags...

© 2019

Wednesday Recap:

• TGT +15.58, +14.06% and LOW +4.43, +3.91% on positive EPS reactions.
• FOMC minutes at 2 pm ET was a non-event in the SPX which bottomed earlier following trade news.
• Hong Kong bill passes the House after the close and futures start the evening session lower.

SPY, DIA, QQQ pull back after news that trade deal may not be signed this year, form long-tailed hammers and bull flag setups for Thursday.

DJIA closed down 112 points at 27,821 led by weakness in HD, AAPL, MMM, GS and UTX.  Closing below 28,000 for the second straight day.

Four of eleven sectors were higher on Wednesday, led by XLE, XLU, XLP and XLRE.  Energy and defensive sectors gained on today’s broad market pullback.

SPY down 1.16 at 310.77 on 79.5 million shares, above average volume.  Down on higher volume.

VIX down .08 at 12.78

Oil up 1.84 at 57.09

TLT up 1.44 at 140.60 on 7.9 million shares

GLD up .07 at 138.76

BA, JNJ, CVX led the DJIA, 9 advancers, -6

TGT, GCI, SLB led the SPX, 176 advancers

WDAY, MELI, WDC, NVDA led the NDX, 23 advancers

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

Up:

Down:  SPY, IWM, DIA, QQQ, 

Breadth weakened on Wednesday as decliners led 1,655 to 1,277 on the NYSE and led 1,937 to 1,210 on the NASDAQ

The SPX MFC green line is above 80, turned down at 97 and is counter-trend defensive. 

Uptrend sectors:  XLK, XLV, XLC, XLP, XLF, XLI, XLB,

Neutral sectors:  XLY, XLE, XLU, XLRE,

Down trend sectors:

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 Trend: Down a little

23 of 100 NDX stocks closed higher on Wednesday.

66 NDX stocks are above their 30 DMA:  KLAC, AAPL, ASML, CTXS, ALGN, CELG, CHTR, NVDA, COST, SWKS, TSLA, INTC, ISRG, ORLY, AMGN, REGN, FAST, GOOGL, NTES, PCAR, SIRI, AMD, INCY, VRTX, ISRG, NTAP, QCOM, UAL, WBA, FOXA, BIIB, KHC, ALXN, FB, MAR, AMAT, AVGO, BMRN, LRCX, MSFT, NFLX, CHKP, NXPI, HSIC, ADBE, ADSK, CTSH, BIDU, CDNS, EA, FISV, LULU, ADP, MNST, SNPS, WLTW, INTU, PAYX, VRSN, WDAY, MELI, PYPL, TTWO, CERN, ILMN, GILD,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 0

   

Moving Below 30 DMA = 7

AAL, ADI, JBHT, JD, MU, ROST, WYNN,  

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