DJIA 25,000 + Third Straight Day...Tech Stocks Attract Buyers form Bull Flags...

© 2018

COST, MCHP, ORLY and VRSK made new highs.

The DJIA, closed up 75 points at 25,316, above 25,000 for the third straight day, led by strength in HD, UNH, TRV, MMM, DIS and PG.

Seven sectors were higher on Friday, led by staples XLP +1.23% and healthcare XLV +0.58%.

SPY up .82 at 278.19 on 72.1 million shares, 3% above average volume. Up on similar volume.

VIX up .05 at 12.18

Oil down .39 to 65.56

TLT down.36 at 119.89 on 6.7 million shares.

PG +1.87%, DIS +1.47%, led the DJIA, 21 advancers.

AGN +4.34%, DHI +4.12% and PHM +3.86%, led the SPX.

MNST +5.02%, VRTX +3.29%, MU +2.95%, and ALGN +2.17%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: IWM, SPY, DIA, QQQ

Down:

Breadth strengthened on Friday, as advancers led 1,702 to 1,188 on the NYSE and led 1,480 to 1,401 on the NASDAQ

The SPY MFC green line is in the upper zone and is at 97.9, bullish. 

Uptrend sectors:  XLY, XLK, XLRE, XLE,

Neutral sectors: XLF, XLV, XLI, XLB, XLU

Down trend sectors: XLP

Intermediate-term trending stocks: 

RACE, ADBE, IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA, WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP, EL

BA, MU, MAR, CMA, CME, ANET, HRS, KORS,

DLTR, WB, TPR,

57 of 100 NDX stocks closed higher on Friday.

75 NDX stocks are above their 30 DMA.  

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 2

AAL, ALXN,

The 6-month intermediate and long-term trends are still up.  The three-month trend is sideways.  The ten-day trend.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Up

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Tech & Small Caps Pull Back...Energy Leads as DJIA Rises...

© 2018

AAPL, MSFT, ADI, ADP, COST, FISV, IDXX, ILMN, ISRG, MCHP, ORLY and VRSK made new highs.

IWM -0.55% and QQQ -0.81% made new intra-day highs before pulling back.

The DJIA, closed up 95 points at 25,241, above 25,000 for the second straight day, led by strength in MCD, CVX, HD, TRV and PG.

Seven sectors were higher on Thursday, led by energy XLE +1.85% and utilities XLU +1.82%.

SPY down .03 at 277.37 on 72.9 million shares, 3% above average volume. Down on higher volume.

VIX up .49 at 12.13

Oil up .94 to 65.95

TLT up 1.15 at 119.89 on 13.2 million shares.

MCD +4.37%, CVX +2.90%, led the DJIA, 21 advancers.

APA +5.48%, AGN +5.08% and SWN +4.26%, led the SPX.

DISH +2.83%, COST +2.48%, SWKS +2.17%, and ESRX +2.12%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: DIA,

Down: SPY, IWM, QQQ,

Breadth weakened on Thursday, as advancers led 1,580 to 1,311 on the NYSE and decliners led 1,614 to 1,278 on the NASDAQ

The SPY MFC green line is in the upper zone and is at 97, bullish. 

Uptrend sectors:  XLY, XLK, XLRE, XLE,

Neutral sectors: XLF, XLV, XLI, XLB, XLU

Down trend sectors: XLP

Intermediate-term trending stocks: 

RACE, ADBE, IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA, WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP, EL

BA, MU, MAR, CMA, CME, ANET, HRS, KORS,

DLTR, WB, TPR,

35 of 100 NDX stocks closed higher on Thursday.

77 NDX stocks are above their 30 DMA.  

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 2

DISH, TMUS,

Moving Below 30 DMA = 6

AMAT, CTSH, LRCX, MELI, STX, WDC,

The 6-month intermediate and long-term trends are still up.  The three-month trend is sideways.  The ten-day trend.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Up

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DJIA Closes Above 25,000...IWM, QQQ All-time Closing High...

© 2018

AAPL, AMZN, FB, MSFT, NFLX, NVDA, ADBE, ADI, ADP, ALGN, CTAS, FISV, IDXX, ILMN, INTU, ISRG, MCHP, ORLY and VRSK made new highs.

IWM and QQQ made new all-time closing highs.

The DJIA, closed up 346 points at 25,146, led by strength in BA, UNH, GS, CAT, MCD and V.

Nine sectors were higher on Wednesday, led by materials XLB +1.85% and financial XLF +1.82%.

SPY up 2.30 at 277.40 on 62.7 million shares, 12% below average volume. Up on higher volume.

VIX down .76 at 11.64

Oil down .52 to 65.01

TLT down .97 at 118.74 on 7.8 million shares.

BA +3.18%, DWDP +3.17%, led the DJIA, 26 advancers.

NKTR +7.18%, EFX +6.13% and DVN +5.57%, led the SPX.

TSLA +9.74%, DISH +5.81%, JD +3.94%, and CMCSA +3.83%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: DIA, SPY, IWM, QQQ,

Down:

Breadth strengthened on Wednesday, as advancers led 1,861 to 1,017 on the NYSE and led 1,791 to 1,149 on the NASDAQ

The SPY MFC green line is in the upper zone and is at 93, bullish. 

Uptrend sectors:  XLK, XLRE, XLE, XLY,

Neutral sectors: XLF, XLV, XLI, XLB, XLU

Down trend sectors: XLP

Intermediate-term trending stocks:   

RACE, ADBE, IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA, WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP, EL

BA, MU, MAR, CMA, CME, ANET, HRS, KORS,

DLTR, WB, TPR,

81 of 100 NDX stocks closed higher on Wednesday.

81 NDX stocks are above their 30 DMA.  

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 7

CHTR, CMCSA, CTSH, HAS, MDLZ, MELI, MNST,

Moving Below 30 DMA = 0

  

The 6-month intermediate and long-term trends are still up.  The three-month trend is sideways.  The ten-day trend.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Up

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IWM, QQQ Another All-time Closing High...XLY Leads Sectors...

© 2018

AAPL, AMZN, FB, MSFT, NFLX, NVDA, ADI, ADP, ALGN, CTAS, FISV, IDXX, INTU, ISRG, MCHP, and VRSK made new highs. 

IWM and QQQ made new all-time closing highs.

The DJIA, closed down 13 points at 24,813, led by weakness in GS and WMT.

Four sectors were higher on Tuesday, led by materials XLB +0.76% and discretionary XLY +0.58%.

SPY up .20 at 275.10 on 51.1 million shares, 30% below average volume. Up on higher volume.

VIX down .34 at 12.40

Oil up .65 to 65.53

TLT up .28 at 119.71 on 5.6 million shares.

DWDP +1.13%, AAPL +0.77%, led the DJIA, 13 advancers.

M +7.95%, GPS +6.82% and NKTR +6.45%, led the SPX.

MYL +3.84%, ISRG +3.02%, STX +2.98%, and ASML +2.65%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: IWM, QQQ, SPY,

Down: DIA,

Breadth was mixed on Tuesday, as advancers led 1,738 to 1,179 on the NYSE and led 1,868 to 1,021 on the NASDAQ.

The SPY MFC green line is in the upper zone and is at 91, bullish. 

Uptrend sectors:  XLK, XLRE, XLE, XLY,

Neutral sectors: XLF, XLV, XLI, XLB, XLU

Down trend sectors: XLP

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past two months and it is appropriate to wait for the uptrend to resume before entry… RACE, ADBE, IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA, WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP,

BA, MU, MAR, CMA, CME, ANET, HRS, KORS,

DLTR, WB, EL, TPR,

74 of 100 NDX stocks closed higher on Tuesday.

74 NDX stocks are above their 30 DMA.  

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 2

MYL, PCAR,  

Moving Below 30 DMA = 3

HAS, MDLZ, MNST,

The 6-month intermediate and long-term trends are still up.  The three-month trend is sideways.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Up

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IWM, QQQ All-time Closing High...VIX Continues to Slide...

© 2018

AAPL, AMZN, FB, MSFT, NFLX, NVDA, INTC, ADBE, ADI, ADP, ALGN, CTAS, FISV, IDXX, ILMN, INTU, ISRG, MCHP, ORLY, and VRSK made new highs. 

The DJIA, closed up 178 points at 24,813, led by strength in BA, HD, WMT, V and AAPL.

Seven sectors were higher on Monday, led by discretionary XLY +1.12% and real estate XLRE +0.98%.

SPY up 1.30 at 274.90 on 45.3 million shares, 38% below average volume. Up on lower volume.

VIX down .72 at 12.74

Oil down .83 to 64.88

TLT down .87 at 119.43 on 7.1 million shares.

WMT +2.93%, MRK +2.41%, led the DJIA, 24 advancers.

FOSL +8.69%, UAA +6.32% and TGT +4.88%, led the SPX.

JD +5.74%, BIDU +5.01%, ULTA +4.67%, and MELI +3.70%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: QQQ, DIA, IWM, SPY,

Down:

Breadth weakened on Monday, as advancers led 1,897 to 997 on the NYSE and led 1,653 to 1,290 on the NASDAQ.

The SPY MFC green line is in the upper zone and is at 85, bullish. 

Uptrend sectors:  XLK, XLRE, XLE, XLY,

Neutral sectors: XLF, XLV, XLI, XLB, XLU

Down trend sectors: XLP

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past two months and it is appropriate to wait for the uptrend to resume before entry… RACE, ADBE, IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA, WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP,

BA, MU, MAR, CMA, CME, ANET, HRS, KORS,

DLTR, WB, EL, TPR,

74 of 100 NDX stocks closed higher on Monday.

75 NDX stocks are above their 30 DMA.  

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 6

BIDU, EBAY, GILD, JD, MNST, ULTA,

Moving Below 30 DMA = 2

MYL, WYNN,

The 6-month intermediate and long-term trends are still up.  The three-month trend is sideways.  The ten-day trend.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Up

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IWM, QQQ Rise, Near All-time Highs...AAPL, AMZN, FB, MSFT & NFLX New High Close...

© 2018

AAPL, AMZN, FB, MSFT, NFLX, INTC, ADBE, EA, ADI, ADP, ALGN, CTAS, IDXX, ILMN, INTU, ISRG, JBHT and MCHP made new highs. 

The DJIA, closed up 219 points at 24,635, led by strength in BA, AAPL, GS, MMM and DWDP.

Eight sectors were higher on Friday, led by technology XLK +1.70% and materials XLB +1.53%.

SPY up 2.66 at 273.60 on 71.2 million shares, 5% below average volume. Up on lower volume.

VIX down 1.97 at 13.46

Oil down 1.39 to 65.71

TLT down .92 at 120.30 on 8.7 million shares.

INTC +3.41%, DWDP +3.21%, led the DJIA, 27 advancers.

NKTR +12.56%, FOSL +8.32% and TRIP +5.89%, led the SPX.

ISRG +4.26%, MCHP +3.77%, EA +3.65%, and IDXX +3.43%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: QQQ, SPY, DIA, IWM,

Down:

Breadth strengthened on Friday, as advancers led 2,091 to 816 on the NYSE and led 2,082 to 830 on the NASDAQ.

The SPY MFC green line is in the upper zone and is at 82.9, bullish. 

Uptrend sectors:  XLE, XLK, XLRE,

Neutral sectors: XLF, XLY, XLV, XLI, XLB, XLU

Down trend sectors: XLP

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past two months and it is appropriate to wait for the uptrend to resume before entry… RACE, ADBE, IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA, WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP,

BA, MU, MAR, CMA, CME, ANET, HRS, KORS,

DLTR, WB, EL, TPR,

86 of 100 NDX stocks closed higher on Friday.

71 NDX stocks are above their 30 DMA.  

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 14

AAL, ADSK, ALXN, AMAT, BKNG, CHKP, HAS, MAR, MDLZ, MYL, REGN, ROST, STX, TSLA,

Moving Below 30 DMA = 2

SHPG, WDAY,

The 6-month intermediate and long-term trends are still up.  The three-month trend is sideways.  The ten-day trend.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Up

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