Wednesday, September 04, 2019

Closing on the top of the range. All indications point to an upside breakout. All eleven sectors closed higher


VIX :     17.33  -11.85%                                             
/CL :     55.98    +3.80%                                              
TLT :  147.43 +0.15%                                              
                                               
SPY Market Forecast  48.85 Short-term Bullish    and pointing up and in the neutral zone                                     
  6-months Up                                             
  10-days Up                                             
  3-days Up                                             
                                                
Indices                                                
Up:    QQQ :  +1.44% ;  SPY:  +1.14% ;  DIA:  +0.96% ;   IWM:  +0.80%                                    
Down:                                                  
                                               
Nasdaq Above 30MA    =  49                                             
ATVI, INTC, LRCX, MU, AMAT, NTES, CMCSA, ASML, EA, AVGO, WDC, DLTR, LBTYK, NVDA, NXPI, QCOM, MYL, TXN, LBTYA, JBHT, CHTR, PYPL, CSX, AAPL, SNPS, CTAS, ADP, JD, COST, SYMC, ORLY, PEP, MSFT, MDLZ, IDXX, ROST, BKNG, TTWO, SIRI, INTU, VRSK, KLAC, XEL, WLTW, FISV, AMGN, CTXS, CELG, SBUX
                                               
Stocks to watch on  Thursday                                             
Nasdaq100  xsing above30   = 13                                             
INTC, AMAT, AVGO, LBTYK, NXPI, TXN, PYPL, CSX, AAPL, CTAS, JD, MSFT, CTXS                                    
                                               
Nasdaq100  xsing below30  = 1                                             
VRTX                                                
                                               
NDX Leaders:   88 closing higher  and  15 closing Lower                                        
ATVI :  +4.78% ;  INTC : +4.13% ;  CTRP : +4.08%                                      
DJIA Leaders:   27 closing higher  and  3 closing Lower                                        
INTC :   +4.13% ;  NKE :   +1.98% ;  WBA :   +1.98%                                      
SP100 Leaders:   93 closing higher  and  6 closing Lower                                        
GE :   +5.64% ;  INTC :   +4.13% ;  SLB :   +3.97%                                      
                                                
Sectors  All eleven sectors closed higher led by XLC +1.94%  and  XLK +1.71%    Lower =  0                                   
  XLC, XLK, XLI, XLY, XLP, XLRE and XLU  closing above 30d. SMA  and  4 Sectors are below.                                      
Uptrend XLRE ,  XLP ,  XLU , XLK                                        
Sideways XLY ,  XLB ,  XLV ,  XLF , XLI , XLC                                    
Downtrend XLE                                              
                                                
Breath:  Strengthened  as advancers led    NYSE:  2383   to   562 and  advancers led   Nasdaq:     2080   to   1019                                  
                                               
MACD Crossover: TXN, MCHP                                            


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