Bull Flag Day 3...INTC Falls After-hours...

© 2018

SPY, DIA, QQQ and IWM formed spinning top candles on Thursday in a three-day bull flag price pattern:

• SPY volume slips to 59 million, light selling for a range day,
• QQQ leads with positive EPS reactions from XLNX +9.99%, LRCX +6.44%, and TXN +6.91%
• PCG +74.59%, after the utility was cleared of causing wildfire in 2017,
• INTC -7.11% negative EPS reaction after-hours.

The DJIA, closed down 22 points at 24,553, led by weakness in MRK, JNJ, UTX, AAPL and PFE.  

Eight of eleven sectors were higher on Thursday, led by technology XLK +0.84% and energy XLE +0.53%.

SPY up .14 at 263.55 on 59.2 million shares, 54% below average volume. Up on lower volume.

VIX down .63 at 18.89 

Oil up .75 at 53.18

TLT up .79 at 121.11 on 7.1 million shares. 

INTC +3.80%, CVX +1.90%, led the DJIA, 13 advancers, -4

PCG +74.59%, TXN +6.91% and MU +6.86%, led the SPX.

XLNX +18.44%, LRCX +15.70%, AMAT +10.23%, and KLAC +7.01% led the NDX.

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

Up: IWM, QQQ, SPY,

Down: DIA,

Breadth strengthened on Thursday, as advancers led 1,958 to 944 on the NYSE and led 1,894 to 1,105 on the NASDAQ

The SPY MFC green line is pointed up at 78 and is short-term bullish.

Uptrend sectors:  

Neutral sectors:  XLU, XLRE, XLB, XLY, XLC, XLV, XLI, XLK, XLP, XLF, XLE,

Down trend sectors:

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Sideways

62 of 100 NDX stocks closed higher on Thursday.

84 NDX stocks are above their 30 DMA:  DLTR, REGN, WDAY, XRAY, ROST, LULU, CELG, INCY, NFLX, AMGN, AMZN, BIIB, CDNS, CTRP, EA, EBAY, FB, GILD, INTC, PCAR, PYPL, TMUS, VRTX, WYNN, XLNX, AMD, CTAS, MELI, TXN, ULTA, VRSN, ADBE, ADSK, BMRN, HAS, INTU, MCHP, ADI, AMAT, AVGO, ISRG, KLAC, LRCX, NXPI, SNPS, FAST, JBHT, MDLZ, MNST, NVDA, PAYX, SWKS, WLTW, CSX, ALXN, CTSH, EXPE, GOOGL, IDXX, KHC, MSFT, MXIM, NTAP, VRSK, ALGN, ADP, CHKP, COST, CSCO, FISV, MU, SBUX, ASML, FOXA, LBTYA, BKNG, CERN, CMCSA, JD, MAR, AAL, SYMC, UAL, WDC,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 4

AAL, SYMC, UAL, WDC,

Moving Below 30 DMA = 4

CTXS, NTES, ORLY, PEP,

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XLNX, LRCX Lead NDX Higher...INTC Reports After the Close...

Positive EPS reactions from NDX 100 components XLNX +18.36%, LRCX +14.66%, are lifting the entire semiconductor industry SMH +5.81%.  Fifteen of the top 20 NDX leaders are semi’s, XLNX, LRCX, AMAT MU, ADI, KLAC, MCHP, NXPI, AMD, TXN, NVDA, MXIM, ASML and INTC.  INTC releases EPS after the close today.

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SPY, DIA, QQQ, IWM Form Two-day Bull Flag...IBM, PG, UTX & WAT Gap Higher on EPS...

© 2018

SPY, DIA, QQQ and IWM after a higher open sold off below Tuesday’s low and rallied to form a hammer in a two-day bull flag price pattern:

• SPY volume slips to 86 million,
• DIA leads with positive EPS reactions from IBM, UTX and PG,
• WAT +12.69%, after EPS,
• Positive earnings reaction after-hours from XLNX +9.99% and LRCX +6.44%

  

The DJIA, closed up 171 points at 24,575, led by strength in IBM, UTX, PG, MCD and UNH.  

Eight of eleven sectors were higher on Wednesday, led by staples XLP +1.19% and utilities XLU +1.01%.

SPY up .55 at 263.40 on 86.0 million shares, 35% below average volume. Up on lower volume.

VIX down 1.28 at 19.52 

Oil down 1.00 at 52.99

TLT down .05 at 120.32 on 5.7 million shares. 

IBM +8.46%, UTX +5.38%, led the DJIA, 17 advancers, +13

WAT +12.69%, SYF +10.73% and PG +4.87%, led the SPX.

CMCSA +5.49%, FISV +3.07%, ALXN +2.37%, and CERN +2.08% led the NDX.

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

Up: DIA, SPY, QQQ,

Down: IWM,

Breadth strengthened on Wednesday, as decliners led 1,462 to 1,406 on the NYSE and led 1,529 to 1,463 on the NASDAQ

The SPY MFC green line is pointed up at 72 and is short-term bullish.

Uptrend sectors:  

Neutral sectors:  XLU, XLRE, XLB, XLY, XLC, XLV, XLI, XLK, XLP, XLF, XLE,

Down trend sectors:

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Sideways

45 of 100 NDX stocks closed higher on Wednesday.

84 NDX stocks are above their 30 DMA:  DLTR, REGN, WDAY, XRAY, ROST, LULU, CELG, INCY, NFLX, AMGN, AMZN, BIIB, CDNS, CTRP, EA, EBAY, FB, GILD, INTC, PCAR, PYPL, TMUS, VRTX, WYNN, XLNX, AMD, CTAS, MELI, NTES, TXN, ULTA, VRSN, ADBE, ADSK, BMRN, HAS, INTU, MCHP, ADI, AMAT, AVGO, ISRG, KLAC, LRCX, NXPI, SNPS, CTXS, FAST, JBHT, MDLZ, MNST, NVDA, PAYX, SWKS, WLTW, CSX, ALXN, CTSH, EXPE, GOOGL, IDXX, KHC, MSFT, MXIM, NTAP, ORLY, VRSK, ALGN, ADP, CHKP, COST, CSCO, FISV, MU, SBUX, ASML, FOXA, LBTYA,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 6

BKNG, CERN, CMCSA, JD, MAR, PEP,

Moving Below 30 DMA = 3

AAL, MYL, TTWO,

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SPX, NDX, DJIA & RUT Move Below Friday's Low, Counter trend Defensive...

© 2018

SPY, DIA, QQQ and IWM pullback after four-week rally forming one-day bull flag price pattern:

• China reports 6.6% 2018 GDP down from 6.9% a year earlier,
• IMF lowers 2019 global growth forcast.to 3.5% from 3.7%,
• EBAY +6.13%, after report that Elliott Mgt. take $1.4B position,
• SPX moves lower after Financial Times reports that US cancels trade planning meeting with China,
• SPX finds support after Kudlow says story not true about meeting cancellation,
• JNJ and TRV moved slightly lower following earnings Tuesday morning,
• Positive earnings reaction after-hours from IBM +6.59%

The DJIA, closed down 301 points at 24,404, led by weakness in BA, GS, CAT, MMM and AAPL.  

One of eleven sectors was higher on Tuesday, led by utilities XLU +0.19% and real estate XLRE -0.18%.

SPY down 3.60 at 262.86 on 115.4 million shares, 15% below average volume. Down on lower volume.

VIX up 3.00 at 20.80 

Oil down .56 at 52.43

TLT up .81 at 120.37 on 8.8 million shares. 

MCD +1.10%, NKE +0.40%, led the DJIA, 4 advancers, -26

PCG +6.50%, CBOE +2.28% and FITB +2.07%, led the SPX.

EBAY +6.13%, DLTR +1.13%, SBUX +1.07%, and LBTYA +1.04% led the NDX.

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

Up:

Down: DIA, SPY, IWM, QQQ,

Breadth weakened on Tuesday, as decliners led 2,276 to 668 on the NYSE and led 2,352 to 717 on the NASDAQ

The SPY MFC green line is pointed up at 68 and is short-term bullish.

Uptrend sectors:  

Neutral sectors:  XLU, XLRE, XLB, XLY, XLC, XLV, XLI, XLK, XLP, XLF, XLE,

Down trend sectors:

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

10 of 100 NDX stocks closed higher on Tuesday.

81 NDX stocks are above their 30 DMA:  DLTR, REGN, WDAY, XRAY, ROST, LULU, CELG, INCY, NFLX, AMGN, AMZN, BIIB, CDNS, CTRP, EA, EBAY, FB, GILD, INTC, PCAR, PYPL, TMUS, VRTX, WYNN, XLNX, AMD, CTAS, MELI, NTES, TXN, ULTA, VRSN, ADBE, ADSK, BMRN, HAS, INTU, MCHP, TTWO, ADI, AMAT, AVGO, ISRG, KLAC, LRCX, NXPI, SNPS, CTXS, FAST, JBHT, MDLZ, MNST, NVDA, PAYX, SWKS, WLTW, CSX, MYL, ALXN, CTSH, EXPE, GOOGL, IDXX, KHC, MSFT, MXIM, NTAP, ORLY, VRSK, ALGN, AAL, ADP, CHKP, COST, CSCO, FISV, MU, SBUX, ASML, FOXA, LBTYA,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 13

ATVI, BIDU, BKNG, CERN, CMCSA, HSIC, ILMN, JD, MAR, SIRI, SYMC, UAL, WDC,

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SPX Rises for Fourth Week, +13%...Markets Closed Monday for MLK, Jr. Day...

© 2018

SPY, DIA, QQQ and IWM close higher for fourth straight week as post-Christmas rally continues.

• Broad rally sends SPX to highest close since Dec 6.
• SPX 500 with 455 advancers and 45 decliners on Friday.
• Negative earnings reaction from NFLX -3.99%.
• Negative layoffs news reaction from TSLA -12.97%.  

The DJIA, closed up 336 points at 24,706, led by strength in UNH, BA, HD, MMM and GS.  

All eleven sectors were higher on Friday, led by energy XLE +2.03% and industrials XLI +1.90%.

SPY up 3.50 at 266.46 on 127.9 million shares, 7% below average volume. Up on higher volume.

VIX down .26 at 17.80 

Oil up 1.51 at 53.99

TLT down .63 at 119.56 on 14.1 million shares. 

DWDP +2.96%, CAT +2.19%, led the DJIA, 30 advancers, +6

PCG +13.68%, VFC +12.39% and SLB +8.12%, led the SPX.

WDC +7.49%, JBHT +6.19%, MU +5.55%, and JD +5.06% led the NDX.

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

Up: DIA, SPY, IWM, QQQ,

Down:

Breadth strengthened on Friday, as advancers led 2,189 to 748 on the NYSE and led 2,135 to 920 on the NASDAQ

The SPY MFC green line is pointed up at 62 and is short-term bullish.

Uptrend sectors:  

Neutral sectors:  XLU, XLRE, XLB, XLY, XLC, XLV, XLI, XLK, XLP, XLF, XLE,

Down trend sectors:

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

92 of 100 NDX stocks closed higher on Friday.

94 NDX stocks are above their 30 DMA:  DLTR, REGN, WDAY, XRAY, ROST, LULU, CELG, INCY, NFLX, AMGN, AMZN, BIIB, CDNS, CTRP, EA, EBAY, FB, GILD, INTC, JD, PCAR, PYPL, TMUS, VRTX, WYNN, XLNX, AMD, CTAS, MELI, NTES, TXN, ULTA, VRSN, ADBE, ADSK, BMRN, HAS, INTU, MCHP, TTWO, ADI, AMAT, AVGO, ISRG, KLAC, LRCX, NXPI, SNPS, CERN, CTXS, FAST, JBHT, MDLZ, MNST, NVDA, PAYX, SWKS, WLTW, CSX, MYL, ALXN, CMCSA, CTSH, EXPE, GOOGL, IDXX, KHC, MAR, MSFT, MXIM, MYL, NTAP, ORLY, VRSK, ALGN, BIDU, UAL, AAL, ADP, CHKP, COST, CSCO, FISV, ILMN, MU, SBUX, SIRI,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 7

ASML, ATVI, BKNG, FOXA, HSIC, LBTYA, SYMC, WDC,

Moving Below 30 DMA = 1

TSLA,

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Late Rally Follows Report of Potential Tariff Easing...NFLX Drops After-hours...

© 2018

Lower SPX open followed by reversal.  Mid-afternoon rally sends SPX higher. 

• Negative earnings reactions from MS and CSX.
• WSJ report that US is considering easing China tariffs.
• NFLX -3.82% on EPS beat with revenues missing.

The DJIA, closed up 162 points at 24,370, led by strength in BA, CAT, MMM, GS and UTX.  

All eleven sectors were higher on Thursday, led by materials XLB +1.76% and industrials XLI +1.71%.

SPY up 1.98 at 262.96 on 96.1 million shares, 31% below average volume. Up on higher volume.

VIX down .98 at 18.06 

Oil up .16 at 52.48

TLT up .03 at 120.19 on 8.1 million shares. 

DWDP +2.96%, CAT +2.19%, led the DJIA, 24 advancers, +10

MTB +5.69%, PPG +4.70% and GT +3.79%, led the SPX.

FAST +5.95%, ISRG +3.56%, REGN +3.17%, and JBHT +3.06% led the NDX.

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

Up: IWM, DIA, QQQ, SPY,

Down:

Breadth strengthened slightly on Thursday, as advancers led 2,070 to 843 on the NYSE and led 1,901 to 1,131 on the NASDAQ

The SPY MFC green line is pointed up at 58 and is short-term bullish.

Uptrend sectors:  

Neutral sectors:  XLU, XLRE, XLB, XLY, XLC, XLV, XLI, XLK, XLP, XLF,

Down trend sectors: XLE,

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

81 of 100 NDX stocks closed higher on Thursday.

88 NDX stocks are above their 30 DMA:  DLTR, REGN, WDAY, XRAY, ROST, LULU, CELG, INCY, NFLX, AMGN, AMZN, BIIB, CDNS, CTRP, EA, EBAY, FB, GILD, INTC, JD, PCAR, PYPL, TMUS, VRTX, WYNN, XLNX, AMD, CTAS, MELI, NTES, TXN, ULTA, VRSN, ADBE, ADSK, BMRN, HAS, INTU, MCHP, TTWO, ADI, AMAT, AVGO, ISRG, KLAC, LRCX, NXPI, SNPS, CERN, CTXS, FAST, JBHT, MDLZ, MNST, NVDA, PAYX, SWKS, WLTW, CSX, MYL, ALXN, CMCSA, CTSH, EXPE, GOOGL, IDXX, KHC, MAR, MSFT, MXIM, MYL, NTAP, ORLY, TSLA, VRSK, ALGN, BIDU, UAL, AAL, ADP, CHKP, COST, CSCO, FISV, ILMN, MU, SBUX, SIRI,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 10

AAL, ADP, CHKP, COST, CSCO, FISV, ILMN, MU, SBUX, SIRI,

Moving Below 30 DMA = 1

LBTYA,

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