Gap Up Fills as SPX Pauses on Tuesday...

© 2019

SPY, DIA, QQQ made new all-time NEW HIGHS.  

DJIA closed down 102 points at 27,934 led by weakness in HD, BA. CVX. DOW and MCD.  Closing below 28,000.

Five of eleven sectors were higher on Tuesday, led by XLV, XLRE and XLF.

SPY down .09 at 311.93 on 67.9 million shares, above average volume.  Down on higher volume.

VIX up .40 at 12.86

Oil down 1.72 at 55.25

TLT up 1.15 at 139.16 on 7.8 million shares

GLD up .07 at 138.69

V, PFE, TRV led the DJIA, 15 advancers, +1

ABMD, STZ, MKTX led the SPX, 262 advancers

AMD, BMRN, FOXA, TSLA led the NDX, 61 advancers

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

Up: IWM, QQQ,

Down:  SPY, DIA,                                             

Breadth strengthened on Tuesday as decliners led 1,527 to 1,398 on the NYSE and advancers led 1,808 to 1,326 on the NASDAQ

The SPX MFC green line is above 80 at 98 and is short-term bullish. 

Uptrend sectors:  XLK, XLF, XLI, XLB, XLV, XLC, XLP,

Neutral sectors:  XLY, XLE, XLU, 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 Trend: Up

61 of 100 NDX stocks closed higher on Tuesday.

73 NDX stocks are above their 30 DMA:  KLAC, AAPL, ASML, CTXS, ALGN, CELG, CHTR, NVDA, COST, SWKS, TSLA, INTC, ISRG, ORLY, AMGN, REGN, FAST, GOOGL, NTES, PCAR, SIRI, WYNN, AMD, INCY, VRTX, ISRG, JBHT, JD, NTAP, QCOM, UAL, WBA, FOXA, BIIB, KHC, ALXN, FB, MAR, AMAT, AVGO, BMRN, LRCX, MSFT, MU, NFLX, CHKP, NXPI, HSIC, ADBE, ADSK, CTSH, BIDU, ROST, ADI, CDNS, EA, FISV, LULU, ADP, MNST, SNPS, WLTW, INTU, PAYX, VRSN, WDAY, MELI, PYPL, TTWO, CERN, ILMN, AAL, GILD,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 2

AAL, GILD,    

Moving Below 30 DMA = 3

MDLZ, SBUX, ULTA,

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SPY, DIA, QQQ Make New Highs as Friday's Momentum Slows...

© 2019

DJIA closed up 31 points at 28,036 led by strength in UNH, DIS, HD, WMT and PG.  Closing above 28,000 for second day in a row..

Seven of eleven sectors were higher on Monday, led by XLRE, XLP and XLC.

SPY up 23 at 312.02 on 49.3 million shares, below average volume.  Up on lower volume.

VIX up .41 at 12.46

Oil down .96 at 56.97

TLT up .25 at 138.01 on 5.9 million shares

GLD up .41 at 138.62

DIS, UNH, NKE led the DJIA, 14 advancers, -10

DISCA, CNC, BLL led the SPX, 245 advancers

NVDA, AMD, FOXA, NFLX led the NDX, 46 advancers

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

Up: DIA, QQQ, SPY,

Down:  IWM,                                                      

Breadth weakened on Monday as decliners led 1,675 to 1,271 on the NYSE and led 1,768 to 1,377 on the NASDAQ

The SPX MFC green line is above 80 at 97 and is short-term bullish. 

Uptrend sectors:  XLK, XLF, XLI, XLB, XLV, XLC, XLP,

Neutral sectors:  XLY, XLE, XLU, 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 Trend: Up

46 of 100 NDX stocks closed higher on Monday.

74 NDX stocks are above their 30 DMA:  KLAC, AAPL, ASML, CTXS, ALGN, CELG, CHTR, NVDA, COST, SWKS, TSLA, INTC, ISRG, ORLY, AMGN, REGN, FAST, GOOGL, NTES, PCAR, SIRI, WYNN, AMD, INCY, VRTX, ISRG, JBHT, JD, NTAP, QCOM, UAL, WBA, FOXA, BIIB, KHC, ALXN, FB, MAR, AMAT, AVGO, BMRN, LRCX, MSFT, MU, NFLX, CHKP, NXPI, HSIC, ADBE, ADSK, CTSH, BIDU, ROST, ADI, CDNS, EA, FISV, LULU, ADP, MNST, SNPS, ULTA, WLTW, INTU, PAYX, VRSN, WDAY, MELI, PYPL, SBUX, TTWO, CERN, ILMN, MDLZ,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 1

MDLZ,   

Moving Below 30 DMA = 2

CSX, GILD, 

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DJIA Closes Above 28,000, New Record Close...

© 2019

SPY, DIA, QQQ broke out of horizontal resistance on Friday and are now at all-time NEW HIGHS.  IWM is a bull flag setup for Monday.

DJIA closed up 222 points at 28,004 led by strength in UNH, BA, JNJ, AAPL and MSFT.  Closing above 28,000 for the first time in history.

Ten of eleven sectors were higher on Friday, led by XLV, XLC and XLK.

SPY up 2.24 at 311.79 on 62.0 million shares, above average volume.  Up on higher volume.

VIX down 1.00 at 12.05

Oil up 1.03 at 57.93

TLT down .15 at 137.76 on 4.6 million shares

GLD down .35 at 138.21

UNH, JNJ, PFE led the DJIA, 24 advancers, +12

ANTM, HUM, CNC led the SPX, 393 advancers

AMAT, LRCX, ISRG, BIIB led the NDX, 72 advancers

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

Up: DIA, QQQ, SPY, IWM,

Down:                                                                  

Breadth strengthened on Friday as advancers led 1,827 to 1,107 on the NYSE and led 1,852 to 1,235 on the NASDAQ

The SPX MFC green line is above 80 at 97 and is short-term bullish. 

Uptrend sectors:  XLK, XLF, XLI, XLB, XLV, XLC,

Neutral sectors:  XLY, XLP, XLE, XLU, 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 Trend: Up

72 of 100 NDX stocks closed higher on Friday.

75 NDX stocks are above their 30 DMA:  KLAC, AAPL, ASML, CTXS, ALGN, CELG, CHTR, NVDA, COST, SWKS, TSLA, INTC, ISRG, ORLY, AMGN, REGN, FAST, GOOGL, NTES, PCAR, SIRI, WYNN, AMD, INCY, VRTX, ISRG, JBHT, JD, NTAP, QCOM, UAL, WBA, FOXA, CSX, BIIB, KHC, ALXN, FB, MAR, AMAT, AVGO, BMRN, LRCX, MSFT, MU, NFLX, CHKP, NXPI, HSIC, ADBE, ADSK, CTSH, BIDU, ROST, ADI, CDNS, EA, FISV, LULU, ADP, MNST, SNPS, ULTA, WLTW, INTU, PAYX, VRSN, WDAY, MELI, PYPL, SBUX, TTWO, CERN, GILD, ILMN,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 3

CERN, GILD, ILMN, 

Moving Below 30 DMA = 1

CMCSA, 

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Record Closing High in SPY, DIA...AMAT up, NVDA down After-hours...

© 2019

Bull Flag Setups for Friday: QQQ, IWM, SMH, AXP, BBY, C, IBM, INTC, JPM, LRCX, MMM, QCOM, XLE

After the close AMAT +2.28, +4.00% and NVDA -1.90, -0.91% reported earnings.

SPY and DIA are horizontal resistance breakout setups.  QQQ and IWM are bull flag setups for Friday.

DJIA closed down 1 point at 27,782 led by strength in BA, UNH, HD, offset by weakness in CSCO, AAPL, DIS, CAT and MCD.  Closing above 27,000 for the fourteenth day in a row.

Eight of eleven sectors were higher on Thursday, led by XLRE, XLB and XLB.

SPY up .45 at 309.55 on 52.0 million shares, below average volume.  Up on slightly lower volume.

VIX up .05 at 13.05

Oil down .48 at 56.90

TLT up 1.41 at 137.91 on 10.2 million shares

GLD up .58 at 138.56

BA, UNH, HD led the DJIA, 12 advancers, -2

MOS, HPQ, XRX led the SPX, 298 advancers

MELI, NTAP, FISV, NFLX led the NDX, 53 advancers

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

Up: SPY, DIA,

Down:  IWM, QQQ,                                          

Breadth strengthened slightly on Thursday as advancers led 1,680 to 1,258 on the NYSE and decliners led 1,656 to 1,425 on the NASDAQ

The SPX MFC green line is above 80 at 96 and is short-term bullish. 

Uptrend sectors:  XLK, XLF, XLI, XLB, XLV, XLC,

Neutral sectors:  XLY, XLP, XLE, XLU, 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 Trend: Up a little

53 of 100 NDX stocks closed higher on Thursday.

73 NDX stocks are above their 30 DMA:  KLAC, AAPL, ASML, CTXS, ALGN, CELG, CHTR, NVDA, COST, SWKS, TSLA, INTC, ISRG, ORLY, AMGN, REGN, FAST, GOOGL, NTES, PCAR, SIRI, WYNN, AMD, INCY, VRTX, ISRG, JBHT, JD, NTAP, QCOM, UAL, WBA, FOXA, CSX, BIIB, KHC, ALXN, FB, MAR, AMAT, AVGO, BMRN, LRCX, MSFT, MU, NFLX, CHKP, NXPI, HSIC, ADBE, ADSK, CTSH, BIDU, ROST, ADI, CDNS, EA, FISV, LULU, ADP, MNST, CMCSA, SNPS, ULTA, WLTW, INTU, PAYX, VRSN, WDAY, MELI, PYPL, SBUX, TTWO,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 4

MELI, PYPL, SBUX, TTWO,

Moving Below 30 DMA = 2

CSCO, MXIM,

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DJIA, SPX All-time Closing High...DIS Surge Lifts DJIA...CSCO Down After-hours...

© 2019

Bull Flag Setups for Thursday: QQQ, IWM, SMH, AXP, BBY, COST, GOOGL, IBM, INTC, JPM, LRCX, MMM, QCOM

After the close CSCO -2.48, -5.12% fell after reporting earnings.

DJIA closed up 92 points at 27,783 led by strength in DIS, AAPL, WMT, NKE and MCD.  Closing above 27,000 for the thirteenth day in a row.

Five of eleven sectors were higher on Wednesday, led by XLU, XLRE and XLP.

SPY up .10 at 309.10 on 54.3 million shares, average volume.  Up on higher volume.

VIX up .32 at 13.00

Oil up .60 at 57.38

TLT up .88 at 136.50 on 6.7 million shares

GLD up .55 at 137.98

DIS, NKE, WMT led the DJIA, 14 advancers, -2

ROK, TSN, FTNT led the SPX, 245 advancers

ADSK, FB, IDXX, ADP led the NDX, 53 advancers

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

Up: DIA, SPY, QQQ,

Down:  IWM,                                                      

Breadth weakened slightly on Wednesday as decliners led 1,576 to 1,366 on the NYSE and led 1,830 to 1,262 on the NASDAQ

The SPX MFC green line is above 80 at 95 and is short-term bullish. 

Uptrend sectors:  XLK, XLF, XLI, XLB, XLV, XLC,

Neutral sectors:  XLY, XLP, XLE, XLU, 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 Trend: Sideways

53 of 100 NDX stocks closed higher on Wednesday.

71 NDX stocks are above their 30 DMA:  KLAC, AAPL, ASML, CTXS, ALGN, CELG, CHTR, NVDA, COST, SWKS, TSLA, INTC, ISRG, ORLY, AMGN, REGN, FAST, GOOGL, NTES, PCAR, SIRI, WYNN, AMD, INCY, VRTX, ISRG, JBHT, JD, NTAP, QCOM, UAL, WBA, FOXA, CSX, BIIB, KHC, ALXN, FB, MAR, AMAT, AVGO, BMRN, LRCX, MSFT, MU, NFLX, CHKP, MXIM, NXPI, HSIC, ADBE, ADSK, CTSH, BIDU, ROST, ADI, CDNS, CSCO, EA, FISV, LULU, ADP, MNST, CMCSA, SNPS, ULTA, WLTW, INTU, PAYX, VRSN, WDAY,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 4

INTU, PAYX, VRSN, WDAY,

Moving Below 30 DMA = 4

AAL, AMZN, GILD, XLNX,

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SPX, NDX Reach All-time New Highs...SPX Crosses 3,100 for First Time...

© 2019

Bull Flag Setups for Wednesday: DIA, IWM, SMH, AMZN, BABA, C, COST, CVS, DIS, GOOGL, IBM, JPM, LRCX, MMM, QCOM

SPY and QQQ made a bull flag bounce and are now horizontal resistance breakout setups.  DIA and IWM are still bull flag setups for Wednesday.

DJIA was unchanged at 27,691 led by strength in DIS, GS, HD and UNG.  Gains were offset by weakness in BA and CAT. Closing above 27,000 for the twelfth day  in a row.

Seven of eleven sectors were higher on Tuesday, led by XLV, XLB and XLK.

SPY up .65 at 309.00 on 46.4 million shares, below average volume.  Up on higher volume.

VIX down .01 at 12.68

Oil down .12 at 56.78

TLT up .62 at 135.62 on 5.7 million shares

GLD up .37 at 137.43

DIS, MRK, WBA led the DJIA, 16 advancers, +7

ROK, TSN, FTNT led the SPX, 245 advancers

ADSK, FB, IDXX, ADP led the NDX, 58 advancers

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

Up: QQQ, SPY, DIA, IWM

Down:                                                                  

Breadth strengthened moderately on Tuesday as decliners led 1,530 to 1,396 on the NYSE and advancers led 1,544 to 1,532 on the NASDAQ

The SPX MFC green line is above 80 at 95 and is short-term bullish. 

Uptrend sectors:  XLK, XLF, XLI, XLB, XLV, XLC,

Neutral sectors:  XLY, XLP, XLE, XLU, 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 Trend: Up a little

58 of 100 NDX stocks closed higher on Tuesday.

71 NDX stocks are above their 30 DMA:  KLAC, AAPL, ASML, CTXS, ALGN, CELG, CHTR, NVDA, COST, SWKS, TSLA, INTC, ISRG, ORLY, AMGN, REGN, FAST, GOOGL, NTES, PCAR, SIRI, WYNN, AAL, AMD, INCY, VRTX, ISRG, JBHT, JD, NTAP, QCOM, UAL, WBA, FOXA, CSX, BIIB, KHC, ALXN, FB, MAR, AMAT, AMZN, AVGO, BMRN, LRCX, MSFT, MU, NFLX, CHKP, MXIM, NXPI, HSIC, ADBE, ADSK, CTSH, BIDU, ROST, ADI, CDNS, CSCO, EA, FISV, LULU, ADP, MNST, XLNX, CMCSA, GILD, SNPS, ULTA, WLTW,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 2

ULTA, WLTW,

Moving Below 30 DMA = 2

PYPL, VRSN,

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