Thursday, December 26, 2019

Nasdaq 9,022...SPX 3,240...DJI 28,621 New Record Highs...


© 2019



The Nasdaq Composite closed at 9,022, above 9,000 for the first time.  SPX, NDX and DJI also made new record closing highs.

Nine of eleven sectors were higher on Thursday, led by XLY, XLC and XLK.

SPY up 1.71 at 322.94 on 31.0 million shares, the second lowest volume day of 2019, below average volume.  Up on higher volume.
VIX down .02 at 12.65

AAPL, JPM, WBA led the DJIA, 24 advancers, +11
M, TPR, JWN led the SPX, 328 advancers
AMZN, AAPL, NTES, AAL led the NDX, 59 advancers

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

Up: QQQ, SPY, DIA, IWM
Down:                                                                   


Breadth strengthened slightly on Thursday as advancers led 1,790 to 1,125 on the NYSE and led 1,740 to 1,407 on the NASDAQ

The SPX MFC green line is above 80 and is pointed up at 96 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 Thursday.

87 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, NTES,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 1
NTES,

Moving Below 30 DMA = 0



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