Friday, December 27, 2019

DJI and SPX Make New High as NDX and RUT Pause...



© 2019

SPX and DJI inched up to new record closing highs.  The Nasdaq Composite closed above 9,000 for the second time.  

Four of eleven sectors were higher on Friday, led by XLP, XLRE and XLU.

SPY down .08 at 322.86 on 42.5 million shares, below average volume.  Down on higher volume.
VIX up .78 at 13.43

NKE, PG, KO led the DJIA, 19 advancers, +5
CTL, GIS, KIM led the SPX, 229 advancers
LBTYA, IDXX, FISV, DLTR led the NDX, 40 advancers

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

Up: DIA, SPY,

Down: QQQ, IWM,   

Breadth weakened on Friday as decliners led 1,575 to 1,343 on the NYSE and led 1,976 to 1,210 on the NASDAQ

The SPX MFC green line is above 80 and is flat 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

40 of 100 NDX stocks closed higher on Friday.

85 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMGN, REGN, PCAR, SIRI, AMD, VRTX, ISRG, FOXA, MAR, BMRN, MSFT, ADBE, ADSK, EA, FISV, LULU, MNST, WLTW, MELI, CERN, ILMN, SBUX, MDLZ, PEP, VRSK, GOOGL, ADI, ASML, MCHP, 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, ANSS, CDW, CPRT, CSGP, SPLK, TMUS, NTES, PAYX,


NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 1
PAYX,

Moving Below 30 DMA = 3
AVGO, GILD, NTAP,


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