All-time Record Closing Highs: NDX, SPX, DJI...AAPL, MSFT, QCOM, PCAR & more...

© 2019

Bull Flag Setups at the close on Friday: AMZN, ASML, AVGO, CHTR, COST, CTSH, KHC, MU, NTES, NXPI, UAL, WBA,

As earnings season begins to wind down and head into the retail stocks reporting time, US/China trade talks have again begun to impact the broad market intra-day price fluctuations.  Latest concern is whether the US will a agree to a tariff rollback as part of the Phase 1 deal.  Some sources indicate that if they don’t there won’t be a Phase 1 deal.  Reports are not substantiated, so it is difficult to determine what is hyperbole, negotiating posturing and just media inaccuracy

The NDX, SPX and DJI made new all-time closing highs on Friday. 

The DJIA, closed up 6 points at 27,681 led by strength in DIS, MSFT, JNJ, CAT and AAPL.  Closing above 27,000 for the tenth day in a row.

Six of eleven sectors were higher on Friday, led by XLV, XLK and XLB.

SPY up .76 at 308.94 on 48.9 million shares, below average volume.  Up on lower volume.

VIX down .66 at 12.07

Oil up .37 at 57.44

TLT down .57 at 134.91 on 10.2 million shares

GLD down .88 at 137.39

DIS, JNJ, MSFT led the DJIA, 19 advancers, -4

DLPH, NBL, XRX led the SPX, 293 advancers

REGN, QCOM, MYL, EXPE led the NDX, 64 advancers

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

Up: QQQ, IWM, SPY, DIA,

Down:                                                                  

Breadth strengthened on Friday as advancers led 1,563 to 1,401 on the NYSE and led 1,677 to 1,389 on the NASDAQ

The SPX MFC green line is above 80 at 96 and is short-term bullish. 

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

Neutral sectors:  XLY, XLP, 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

64 of 100 NDX stocks closed higher on Friday.

71 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, WYNN, AAL, AMD, INCY, VRTX, ISRG, JBHT, JD, NTAP, QCOM, TMUS, UAL, WBA, FOXA, CSX, BIIB, KHC, ALXN, FB, MAR, AMAT, AMZN, AVGO, BMRN, LRCX, MCHP, MSFT, MU, NFLX, CHKP, MXIM, NXPI, HSIC, ADBE, ADSK, CTSH, BIDU, ROST, ADI, CDNS, CSCO, EA, FISV, LULU, ADP, MNST, XLNX, CERN, CMCSA, GILD,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 3

CERN, CMCSA, GILD,

Moving Below 30 DMA = 1

VRSN, 

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