We appreciate and thank all people and
families who have served and sacrificed to create and protect freedom for our
country. Have a safe and blessed
Memorial Day Weekend.
AMZN GOOGL, HAS, MAR, each make new
all-time closing highs on Friday.
QQQ, makes new all-time closing high
SPY, DIA pause on Friday after horizontal resistance breakout on
Thursday.
Five sectors were positive, led by staples XLP and discretionary XLY.
SPY down -.05 at 241.71 on 46.6 million shares, 36% below average.
VIX falls -0.18 to 9.81.
Oil gains +1.16 to 49.87
TLT up 0.21 at 123.48…on
2.9 million shares, 58% below average.
DIS +1.14% and CAT +0.61% lead
the DJIA.
MNK +5.56%, GCI
+4.97%, and
KSU +3.09% led the SPX.
SIRI +3.32%, ULTA
+3.19% following earnings, TSLA +2.62% and NVDA
+2.59% led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
QQQ,
Down:
DIA, SPY, IWM
Uptrend
sectors:
XLK,
XLY, XLRE, XLV, XLI, XLP, XLU
Breadth weakened
slightly as
advancers
led 1,542
to 1,345 on the NYSE and decliners led 1,455 to 1,316 on the NASDAQ.
The SPY MFC green
line is pointed
up at 93,
bullish.
Look for
a potential bounce in: WMT, AAPL, WB,
JD, DDD, SHOP, NTES, CC, HUN, MOMO,
One Day
Pullback: ADBE, EA, V, ATVI, HD, UNH,
NFLX, BBRY,
Bounces included: NVDA,
BABA, TLT,
Break of
short-term support:
Potential
Breakouts include: TSLA, XLY, MU, AMAT, RACE, AVGO, WDC, FB,
ANET, BIDU, YHOO, EXPE, XLNX,
Breakouts:
MU, RCL, COST, MSFT,
New Highs QQQ, SBUX, COST, CSX, AMZN, HAS, MAR,
WYN, GOOGL, LRCX, MCD, PYPL, MSFT, SQ, SPY, DIA, MCHP, SWKS, KLAC,
55 of 100 NDX stocks closed
higher on Friday.
69
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
MAT
Moving Below 30 DMA = 3
CAT SHPG, XRAY
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Up
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