Monday, December 16, 2019

SPX, NDX, DJI Make Record Closing High as Breadth and Volume Improves...


© 2019


The SPX, NDX and DJI each closed at another all-time closing high on a strong trend day following a pause range day on Friday

Ten of eleven sectors were higher on Monday, led by XLE, XLU and XLV.

SPY up 2.18 at 319.50 on 82.8 million shares, above average volume.  Up on higher volume.
VIX down .49 at 12.14
TLT down 1.25 at 137.79 on 9.1 million shares

UNH, PFE, AAPL led the DJIA, 24 advancers, +8
SWN, COG, UAA led the SPX, 381 advancers
TSLA, BMRN, WDC, BIDU led the NDX, 79 advancers

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

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

Breadth strengthened on Monday as advancers led 2,046 to 919 on the NYSE and led 2,009 to 1,225 on the NASDAQ

The SPX MFC green line is above 80 and is pointed up at 92 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

79 of 100 NDX stocks closed higher on Monday.

88 NDX stocks are above their 30 DMA:  AAPL, SWKS, ISRG, AMGN, REGN, FAST, NTES, PCAR, SIRI, AMD, INCY, VRTX, ISRG, WBA, FOXA, MAR, AVGO, BMRN, MSFT, ADBE, ADSK, EA, FISV, LULU, MNST, WLTW, MELI, CERN, ILMN, GILD, ROST, SBUX, HAS, MDLZ, MYL, PEP, VRSK, KHC, GOOGL, ADI, ASML, MCHP, NTAP, NXPI, TXN, XEL, 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, ADP, CDNS, INTC, INTU, XEL, ALGN, ALXN, AMZN, CSCO, CTXS, EXC, FB, KHC, NFLX,


NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 9
ALGN, ALXN, AMZN, CSCO, CTXS, EXC, FB, KHC, NFLX,


Moving Below 30 DMA = 2
CHTR, ORLY,

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