© 2019
Bull
Flag Setups for Wednesday: DIA, IWM, SMH, AMZN, BABA, C, COST, CVS, DIS, GOOGL,
IBM, JPM, LRCX, MMM, QCOM
SPY
and
QQQ made a bull flag bounce and are now horizontal resistance
breakout setups. DIA and
IWM are still bull flag setups for Wednesday.
DJIA was unchanged at 27,691 led by strength in DIS, GS, HD and UNG. Gains were offset by weakness in BA and CAT. Closing above 27,000
for the twelfth day in a row.
Seven of eleven sectors were higher on Tuesday, led by XLV, XLB and XLK.
SPY up .65 at 309.00 on 46.4
million shares, below average volume.
Up on higher volume.
VIX down .01 at 12.68
Oil down .12 at 56.78
TLT up .62 at 135.62 on 5.7 million shares
GLD up .37 at 137.43
DIS, MRK, WBA led the DJIA, 16 advancers, +7
ROK, TSN, FTNT led the SPX, 245 advancers
ADSK, FB, IDXX, ADP led the NDX, 58 advancers
Long term up
trend intact. 3-day short term trend is up a little.
Up: QQQ,
SPY, DIA, IWM
Down:
Breadth strengthened moderately on Tuesday as decliners led 1,530 to 1,396 on the NYSE and advancers led 1,544 to 1,532 on the NASDAQ
The SPX
MFC green line is above 80 at 95 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
58 of 100 NDX stocks
closed higher on Tuesday.
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, UAL,
WBA, FOXA, CSX, BIIB, KHC, ALXN, FB, MAR, AMAT, AMZN, AVGO, BMRN, LRCX,
MSFT, MU, NFLX, CHKP, MXIM, NXPI, HSIC, ADBE, ADSK, CTSH, BIDU, ROST, ADI,
CDNS, CSCO, EA, FISV, LULU, ADP, MNST, XLNX, CMCSA, GILD, SNPS, ULTA, WLTW,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 2
ULTA, WLTW,
Moving Below 30 DMA = 2
PYPL, VRSN,
No comments:
Post a Comment