Friday, December 20, 2019

SPX, NDX, DJI Hit a New All-time Closing High on Heavy Volume...



© 2019


Next week…
Monday: before the open ANSS, CDW, CPRT, CSGP, SGEN & SPLK will replace HAS, HSIC, JBHT, MYL, NLOK & WYNN in the NDX 100, in its annual rebalancing.
Tuesday: markets close at 1:00 pm EST on Christmas Eve.
Wednesday:  Markets closed in observance of Christmas.


SPX, NDX and DJI made another all-time closing high on a strong trend Friday

All eleven sectors were higher on Friday, led by XLE, XLRE and XLP.

SPY up 1.40 at 320.73 after declaring a 1.57 dividend, on 149.3 million shares, the second highest daily trading volume of 2019, above average volume.  Up on higher volume.
VIX up .01 at 12.51

VZ, MMM, MRK led the DJIA, 22 advancers, -3
CCL, MOS, NWL led the SPX, 377 advancers
WDC, WDAY, AMD, LULU led the NDX, 76 advancers

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

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

Breadth was stable on Friday as advancers led 1,739 to 1,209 on the NYSE and led 1,850 to 1,326 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

76 of 100 NDX stocks closed higher on Friday.

90 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMGN, REGN, PCAR, SIRI, AMD, VRTX, ISRG, FOXA, MAR, AVGO, BMRN, MSFT, ADBE, ADSK, NLOK, EA, FISV, LULU, MNST, WLTW, MELI, CERN, ILMN, SBUX, HAS, MDLZ, MYL, 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, PAYX, TCOM, WYNN, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB, KHC, NFLX, ALGN, SNPS, AAL, ADP, CHTR, IDXX, INTC, JBHT, LBTYA, NTES, ROST, CMCSA, CTSH, GILD, TMUS, WDAY,


NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 5
CMCSA, CTSH, GILD, TMUS, WDAY,


Moving Below 30 DMA = 5
ALXN, CTXS, HSIC, INCY, ORLY,

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