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Veteran's
Day - Thank You to Our Serviceman and Families for Your Sacrifice...
Bull Flag Setups on Monday: DIA, QQQ, SPY, IWM, SMH, JPM, C, INTC, COST, CVS, AAL, AMZN, DIS, FB, IBM, QCOM
The
DJIA made a new all-time closing high on Veteran’s Day light holiday trading volume today. SPX, NDX and RUT
paused and formed a bull flag pattern.
The DJIA, rallied
after BA indicated than 737 deliveries are expected to resume in December. DJIA closed up 10 points at 27,691 led by strength in BA, WBA and AAPL. Closing above 27,000 for the eleventh day in a row.
Three of eleven sectors were higher on Monday, led by XLRE, XLI and XLk.
SPY down .59 at 308.35 on 35.891 million shares, below average volume. Down on lower volume.
VIX up .62 at 12.69
Oil down .54 at 56.90
TLT up .09 at 135.00 on 4.5 million shares
GLD down .33 at 137.06
WBA, BA, AAPL led the DJIA, 9 advancers, -10
NVR, MKTX, VIAB led the SPX, 190 advancers
TSLA, TTWO, SIRI, LULU led the NDX, 42 advancers
Long term up
trend intact. 3-day short term trend is up a little.
Up: DIA,
Down: QQQ, IWM, SPY,
Breadth weakened
on Monday as decliners led 1,632 to 1,295 on the NYSE
and led 1,668 to 1,410 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
42 of 100 NDX stocks
closed higher on Monday.
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, PYPL, SNPS, VRSN,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
PYPL, SNPS, VRSN,
Moving Below 30 DMA = 3
CERN, MCHP, TMUS,
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