Monday, November 25, 2019

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 TrendUp

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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