SUMMARY AND TELLS FOR 3-20-19

The es took out last weeks high of 2836.5 and closed at anew high 2841 right near the high of the day holding 2827,5. The nq also took out 7361 last week high and also like es ( new yearly high) at 7379.5 to sell off to 7321.75 to rally back to 7360 area on the close lagging the move in the es in the afternoon. Is that meaningful? OTHER TELLS

AAPL – OB ON RSI WITH A 77 READING AND 200 ABOVE AT 190.67. AMZN broke out above 200 day and closed well. FB looks terrible. NFLX in a tight range within an uptrend.

SMH – had an inside day not taking out low or high from Friday and closing negative.

XLK – overbought RSI DAILY 75. Took out Fridays high and closed below.

XLF – had an inside week last week as financials lagged ONLY to wake up today to close above 200 day with a new yearly high. Lead by GS above 200 again and JPM above 107.

XLE – crude oil had a new high for the year and the energy ETF rallying from an inside week last week. Still not making new highs with the rise in crude..

IBB – had an inside week last week and took out that high only to give it back and close negative on the day.

Looks like NQ took a breather while ES was energized with crude and financials. Tomorrows tape will tell us more.

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