Thursday, December 19, 2019

SPX, NDX, DJI New Record High on Solid Trend with Increasing Volume...




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SPX, NDX and DJI made another all-time closing high on a solid up-trend day Thursday. 


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

SPY up 1.31 at 320.90 on 85.3 million shares, above average volume.  Up on higher volume.
VIX down .08 at 12.50


CSCO, MMM, JNJ led the DJIA, 25 advancers, +15
CAG, SWN, ECL led the SPX, 329 advancers
NFLX, MU, TSLA, MYL led the NDX, 79 advancers

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

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

Breadth strengthened on Thursday as advancers led 1,753 to 1,176 on the NYSE and led 1,864 to 1,321 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

79 of 100 NDX stocks closed higher on Thursday.

90 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMGN, REGN, PCAR, SIRI, AMD, INCY, 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, ALXN, CHTR, CTXS, HSIC, IDXX, INTC, JBHT, LBTYA, NTES, ORLY, ROST,


NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 13
AAL, ADP, ALXN, CHTR, CTXS, HSIC, IDXX, INTC, JBHT, LBTYA, NTES, ORLY, ROST,

Moving Below 30 DMA = 0



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