Fed Raises Rate 1/4% as Expected...SPX Gets 100 Points Volatile...

After the Close Review of Wednesday’s market action… $SPX, $VIX, $INDY, AAPL, UNH, V, IWM, SPY, XLE, RRC, MRO, NFX, NBL, HP, APC, APA, HES, DVN, DIA, QQQ, DIA, ADBE, AMZN, SPY, $VIX, IWM, AMAT, LRCX, KLAC, ADSK, MCHP, ADBE, INTC, AMAN, NFLX, NVDA, more great setups …10:52 pm PST

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The SPX was at 2,727 just before the Fed announcement.  After the announcement the SPX went up, down, up, down, up and down, traversing 100 points in the last two hours of trading before finishing at 2,711, down 16 points from 2,727  and down just 5 points from Tuesday’s close at 2,716.  It was classic post-Fed volatility.

The DJIA, closed down 45 points to 24,682, led by weakness in AAPL, UNH and V. 

Three sectors were higher on Wednesday, led by energy XLE +2.62%, and materials XLB +1.13%.

SPY down .52 at 270.43 on 78.6 million shares, 32% below average volume.  Down on higher volume.

VIX down .34 at 17.86

Oil up 1.75 to 65.49

TLT up .13 at 119.08 on 9.7 million shares.

CVX +2.22%, and GE +1.76%, led the DJIA, 12 advancers.

RRC +7.62%, MRO +6.95% and NFX +5.98%, led the SPX.

AMAT +2.62%, LRCX +2.35% and BMRN+2.16% led the NDX.

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

Up: IWM,

Down: SPY, DIA, QQQ,

Breadth strengthened on Wednesday, as advancers led 1,664 to 1,229 on the NYSE and led 1,723 to 1,134 on the NASDAQ.

The SPY MFC green line turned down at 70.3, defensive. 

Uptrend sectors:  XLK,

Neutral sectors: XLY, XLF, XLV, XLI, XLB, XLE, XLRE,

Down trend sectors: XLP, XLU,

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past month and it is appropriate to wait for the uptrend to resume before considering entry… ADBE, MU, SQ, RNG, IBKR, SHOP, BA, NVDA, RACE, VRSN, ATVI, WB, V, ANET, ISRG, TAL, EA, EBAY, LYV, CAT, MAR, ALGN, CCL, RCL, TRU, WYN, PYPL, A, AABA, BABA, FCAU,  FB, CBOE, TTWO, WYNN, AA, WUBA, EDU, CC,

38 of 100 NDX stocks closed higher on Wednesday.

57 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 2                            

FOXA, INCY,  

Moving Below 30 DMA = 6

AAPL, ALXN, CHKP, COST, MSFT, SNPS,

The intermediate and long-term trends are still up.  The two-month trend is sideways.  The seven-day trend is sideways.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

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First Day of Spring Thaws Monday's Freeze...AMZN, NVDA Rise as FB Falls...FOMC Announcement Wednesday at 2 pm ET...

After the Close Review of Tuesday’s market action… DIA, BA, CAT, V, QQQ, NVDA, ADBE, AMZN, SPY, $VIX, IWM, ADSK, INTC, LRCX, MCHP, STX, NFLX, SQ, WDC, more great setups …9:57 pm PST

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AMZN and NVDA offset the drop in FB as the NDX rose on Tuesday.  The FOMC meeting concludes on tomorrow and it is widely expected that the Fed will raise rates ¼% with a press conference 2:00 pm ET on Wednesday.

The DJIA, up 116 points to 24,727, led by strength in BA, CAT, UNH and V. 

Five sectors were higher on Tuesday, led by energy XLE +0.85%, and discretionary XLY +0.60%.

SPY up .46 at 270.95 on 59.7 million shares, 52% below average volume.  Up on lower volume.

VIX down .82 at 18.20

Oil up 1.52 to 63.74

TLT down .48 at 118.95 on 5.4 million shares.

BA +1.77%, and NKE +1.66%, led the DJIA, 19 advancers.

DOV +4.01% and CHK +3.32%, led the SPX.

NVDA +3.56%, ADBE +3.41% and AMZN +2.69% led the NDX.

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

Up: DIA, QQQ, SPY,

Down: IWM,

Breadth strengthened on Tuesday, as decliners led 1,622 to 1,264 on the NYSE and led 1,586 to 1,255 on the NASDAQ.

The SPY MFC green line turned down at 70.9, defensive. 

Uptrend sectors:  XLK,

Neutral sectors: XLY, XLF, XLV, XLI, XLB, XLE, XLRE,

Down trend sectors: XLP, XLU,

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past month and it is appropriate to wait for the uptrend to resume before considering entry… ADBE, MU, SQ, RNG, IBKR, SHOP, BA, NVDA, RACE, VRSN, ATVI, WB, V, ANET, ISRG, TAL, EA, EBAY, LYV, CAT, MAR, ALGN, CCL, RCL, TRU, WYN, PYPL, A, AABA, BABA, FCAU,  FB, CBOE, TTWO, WYNN, AA, WUBA, EDU, CC,

53 of 100 NDX stocks closed higher on Tuesday.

61 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 3                            

ADP, COST, SNPS,

Moving Below 30 DMA = 1

 ORLY,

The intermediate and long-term trends are still up.  The two-month trend is sideways.  The seven-day trend is sideways.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

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Bull Flags are Springing on the First Day of Spring...Enjoy your Day!

SQ, ADBE, AMZN, IBKR, WYNN, MS...plus many others..

FB and Tech Sector Lead Stocks Lower...FOMC starts Tuesday, Announcement on Wednesday...

After the Close Review of Monday’s market action… SPY, QQQ, FB, GOOGL, AMZN, DIA, BA, IWM, ADBE, ADSK, INTC, LRCX, MCHP, more great setups …9:02 pm PST

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FB, GOOGL and AMZN pulled down the NDX on Monday.  The FOMC meets Tuesday and Wednesday and it is widely expected that they will raise the Fed Funds rates ¼% with a press conference 2:00 pm ET on Wednesday.

The DJIA, down 335 points to 24,610, led by weakness in MMM, GS, CAT, JNJ and MCD. 

Ten sectors were lower on Monday, led by utilities XLU -0.62% and financial XLF -0.73%.

SPY down 3.71 at 270.49 on 109.0 million shares, 17% below average volume.  Down on higher volume.

VIX up 3.22 at 19.02

Oil down .11 to 62.22

TLT down .38 at 119.43 on 8.4 million shares.

BA +0.39%, and NKE -0.30%, led the DJIA, 1 advancers.

SIG +2.02% and NOC +1.86%, led the SPX.

STX +0.52%, ROST +0.38% and JBHT -0.09% led the NDX.

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

Up:

Down: IWM, DIA, SPY, QQQ,

Breadth weakened on Monday, as decliners led 2,304 to 622 on the NYSE and led 2,112 to 803 on the NASDAQ.

The SPY MFC green line turned down at 71, defensive. 

Uptrend sectors:  XLK,

Neutral sectors: XLY, XLF, XLV, XLI, XLB, XLE, XLRE,

Down trend sectors: XLP, XLU,

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past month and it is appropriate to wait for the uptrend to resume before considering entry… ADBE, MU, SQ, RNG, IBKR, SHOP, BA, NVDA, RACE, VRSN, ATVI, WB, V, ANET, ISRG, TAL, EA, EBAY, LYV, CAT, MAR, ALGN, CCL, RCL, TRU, WYN, PYPL, A, AABA, BABA, FCAU,  FB, CBOE, TTWO, WYNN, AA, WUBA, EDU, CC,

2 of 100 NDX stocks closed higher on Monday.

59 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0                            

Moving Below 30 DMA = 12

ADP, AMGN, AVGO, ESRX, FB, FOXA, GILD, GOOGL, INCY, MYL, SHPG, SYMC,  

The intermediate and long-term trends are still up.  The two-month trend is sideways.  The seven-day trend is sideways.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

Choppy Range on Quarterly Expiration Friday...WDC, MU, MCHP Bull Flag Bounce...ADBE Up on EPS...Bull Flags Continue to Form...

© 2018

Stocks traded in a range on quarterly expiration Friday.  Numerous bull flags continued to form on this pull back including QQQ, IWM, SPY, TXN, MSFT, BAC, NTAP, JPM, AAL, INTC, STX, IBKR, and AAPL.  WDC, MU and MCHP triggered bull flag bounce entries on Friday.

After the close ADBE +3.71% beats on revenues, EPS and raises guidance.

The DJIA, up 72 points to 24,946, led by strength in CAT, WMT, MMM, AXP and V. 

Six sectors were higher on Friday, led by energy XLE +0.89% and utilities XLU +0.88%.

SPY up .30 at 274.20 after dividend of 1.097, on 100.3 million shares, 25% below average volume.  Up on higher volume.

VIX down .79 at 15.80

Oil up 1.14 to 62.33

TLT down .43 at 119.81 on 6.0 million shares, 42% below average volume.  Down on lower volume.

WMT +1.90%, and AXP +1. 92%, led the DJIA, 21 advancers.

BHF +4.23%, SWN +4.21%, and BHGE +3.45%, led the SPX.

ULTA +7.64%, WDC +4.13%, CTRP +3.12%, ADBE +3.05% and MU +2.96% led the NDX.

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

Up: IWM, DIA, SPY,

Down: QQQ,

Breadth strengthened on Friday, as advancers led 1,941 to 932 on the NYSE and led 1,764 to 1,097 on the NASDAQ.

The SPY MFC green line turned down at 72, defensive. 

Uptrend sectors:  XLK,

Neutral sectors: XLY, XLF, XLV, XLI, XLB, XLE, XLRE,

Down trend sectors: XLP, XLU,

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past month and it is appropriate to wait for the uptrend to resume before considering entry… ADBE, MU, SQ, RNG, IBKR, SHOP, BA, NVDA, RACE, VRSN, ATVI, WB, V, ANET, ISRG, TAL, EA, EBAY, LYV, CAT, MAR, ALGN, CCL, RCL, TRU, WYN, PYPL, A, AABA, BABA, FCAU,  FB, CBOE, TTWO, WYNN, AA, WUBA, EDU, CC,

53 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 = 4                            

BMRN, GILD, ORLY, ULTA,

Moving Below 30 DMA = 2

ATVI, MELI,

The intermediate and long-term trends are still up.  The two-month trend is sideways.  The seven-day trend is sideways.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

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Range Bound Trading on Thursday ahead of Quarterly Expiration on Friday...ADBE +3.71% in After-hours on EPS...

After the Close Review of Thursday’s market action… DIA, ADBE, MCD, CAT, MMM, IBM, QQQ, DIA, IWM, $VIX, AAPL, ADSK, AMAT, AMZN,, BIDU, CSX, LRCX, MCHP, MSFT, MU, TXN, WDC, WYNN, more great setups …5:28 pm PST

© 2018

Stocks traded in a range with lighter volume and lower volatility on Thursday.  Numerous bull flags continued to form on this pull back including AMAT, AAPL, ADSK, AMZN, MU, TXN and MSFT. 

After the close ADBE +3.71% beats on revenues, EPS and raises guidance.

The DJIA, up 115 points to 24,873, led by strength in UNH, MCD, GS, CAT, MMM and IBM. 

Three sectors were higher on Thursday, led by industrials XLI +0.29% and technology XLK +0.06%,.

SPY down .30 at 275.00 on 83.3 million shares, 38% below average volume.  Down on lower volume.

VIX down .64 at 16.59

Oil up .26 to 61.19

TLT unchanged at 120.24 on 6.7 million shares, 38% below average volume.  Unchanged on lower volume.

MCD +2.13%, and UNH +1.82%, led the DJIA, 5 advancers.

DG +4.75%, SCG +2.44%, and IR +2.15%, led the SPX.

NTES +3.63%, ALXN +3.38%, AVGO +2.75%, ULTA +2.05% and JD +1.93% led the NDX.

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

Up: DIA,

Down: QQQ, SPY, IWM,

Breadth strengthened slightly on Thursday, as decliners led 1,807 to 1,053 on the NYSE and led 1,636 to 1,220 on the NASDAQ.

The SPY MFC green line pointed up at 73, bullish. 

Uptrend sectors:  XLK,

Neutral sectors: XLY, XLF, XLV, XLI, XLB, XLE, XLRE,

Down trend sectors: XLP, XLU,

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past month and it is appropriate to wait for the uptrend to resume before considering entry… ADBE, MU, SQ, RNG, IBKR, SHOP, BA, NVDA, RACE, VRSN, ATVI, WB, V, ANET, ISRG, TAL, EA, EBAY, LYV, CAT, MAR, ALGN, CCL, RCL, TRU, WYN, PYPL, A, AABA, BABA, FCAU,  FB, CBOE, TTWO, WYNN, AA, WUBA, EDU, CC,

43 of 100 NDX stocks closed higher on Thursday.

69 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 0                            

Moving Below 30 DMA = 2

BMRN, GILD,

The intermediate and long-term trends are still up.  The two-month trend is sideways.  The seven-day trend is sideways.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

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