Tuesday, December 24, 2019

Christmas Eve Light Volume Grinder...Have a Merry Christmas...


© 2019


Seven of eleven sectors were higher on Tuesday, led by XLF, XLY and XLU.

SPY up .01 at 321.23 on 20.2 million shares, the lowest volume day of 2019, below average volume.  Flat on lower volume.
VIX up .06 at 12.67

HD, DIS, WMT led the DJIA, 13 advancers, -4
LEN, VMC, TSCO led the SPX, 257 advancers
AMD, SWKS, TTWO, TSLA led the NDX, 59 advancers

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

Up: IWM, QQQ, SPY,
Down: DIA,                                                         

Breadth strengthened slightly on Tuesday as advancers led 1,635 to 1,222 on the NYSE and led 1,858 to 1,234 on the NASDAQ

The SPX MFC green line is above 80 and is pointed up at 95 and is short-term bullish

Uptrend sectors XLK, XLV, XLC, XLP, XLF, XLI, XLB, XLY, XLU,
Neutral sectors:  XLE, 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

59 of 100 NDX stocks closed higher on Tuesday.

86 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMGN, REGN, PCAR, SIRI, AMD, VRTX, ISRG, FOXA, MAR, AVGO, BMRN, MSFT, ADBE, ADSK, EA, FISV, LULU, MNST, WLTW, MELI, CERN, ILMN, SBUX, MDLZ, PEP, VRSK, GOOGL, ADI, ASML, MCHP, NTAP, NXPI, TXN, ATVI, JD, NVDA, TSLA, ULTA, VRSN, EXPE, MU, TTWO, AMAT, BIDU, BKNG, CSX, FAST, LRCX, MXIM, PYPL, QCOM, WDC, XLNX, BIIB, CTAS, EBAY, KLAC, TCOM, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB, KHC, NFLX, ALGN, SNPS, AAL, ADP, CHTR, IDXX, INTC, LBTYA, ROST, CMCSA, GILD, ANSS, CDW, CPRT, CSGP, SPLK, TMUS,


NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
TMUS,

Moving Below 30 DMA = 1
PAYX,  


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