© 2019
Bull
Flag Setups for Friday: QQQ, IWM, SMH, AXP, BBY, C, IBM, INTC, JPM, LRCX, MMM,
QCOM, XLE
After
the close AMAT +2.28, +4.00% and
NVDA
-1.90, -0.91% reported earnings.
DJIA closed down 1 point at 27,782 led by strength in BA, UNH, HD, offset by weakness in CSCO,
AAPL, DIS, CAT and MCD. Closing
above 27,000 for the fourteenth day in a row.
Eight of eleven sectors were higher on Thursday, led by XLRE, XLB and XLB.
SPY up .45 at 309.55 on 52.0 million shares, below average volume. Up on slightly lower volume.
VIX up .05 at 13.05
Oil down .48 at 56.90
TLT up 1.41 at 137.91 on 10.2 million shares
GLD up .58 at 138.56
BA, UNH, HD led the DJIA, 12 advancers, -2
MOS, HPQ, XRX led the SPX, 298 advancers
MELI, NTAP, FISV, NFLX led the NDX, 53 advancers
Long term up
trend intact. 3-day short term trend is up a little.
Up: SPY,
DIA,
Down: IWM, QQQ,
Breadth strengthened
slightly on Thursday as advancers led 1,680 to 1,258 on the NYSE and
decliners led 1,656 to 1,425 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 a little
53 of 100 NDX stocks
closed higher on Thursday.
73 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, AMD, INCY, VRTX, ISRG, JBHT, JD, NTAP, QCOM, UAL, WBA,
FOXA, CSX, BIIB, KHC, ALXN, FB, MAR, AMAT, AVGO, BMRN, LRCX, MSFT, MU, NFLX,
CHKP, NXPI, HSIC, ADBE, ADSK, CTSH, BIDU, ROST, ADI, CDNS, EA, FISV,
LULU, ADP, MNST, CMCSA, SNPS, ULTA, WLTW, INTU, PAYX, VRSN, WDAY, MELI, PYPL,
SBUX, TTWO,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 4
MELI, PYPL, SBUX, TTWO,
Moving Below 30 DMA = 2
CSCO, MXIM,
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