DIA New High Close After Dividend Adjust...Advancers Lead...AMZN to Acquire WFM...COST, WMT, KR Sink...

DIA made a new all-time closing high on Friday after a .394 dividend.

IWM formed a hammer in in bull flag pattern.

One sector was positive, led by energy XLE and materials XLB.

AMZN to buy WFM…KR, COST, WMT, TGT drop.

SPY up .05 at 242.64 on 84.5 million shares, 20% above average after a 1.18 dividend on Friday.

VIX down -0.52 to 10.38.

Oil up .44 to 44.68

TLT up .25 at 126.35…on 6.6 million shares, 9$vix% below average.

CVX +1.90% and XOM +1.50% lead the DJIA.

WFM +29.10%, MUR +4.23% and OXY +4.09% led the SPX.

AMZN +2.44%, CTAS +2.08%, ISRG +1.77% and FAST +1.72% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is neutral.

Up: DIA, SPY,

Down: IWM, QQQ

Uptrend sectors:  XLY, XLP, XLV, XLI, XLU, XLK, XLRE, XLB

Breadth weakened as decliners led 1,805 to 1,117 on the NYSE and led 1,784 to 1,005 on the NASDAQ.

The SPY MFC green line is pointed down in upper zone at 88, bullish.

Look for a potential bounce in: SPY, IWM, V, QQQ, XLY, WDC, BABA, PYPL, NVDA, YHOO, EA, TAL, MCHP, CSX, BBY, BBRY, LRCX, ADSK, AMD, AVGO, NLFX, WB, XLNX, KWEB, JD, SWKS, KLAC, AMAT, ADBE, GOOGL, AAPL

One Day Pullback: TSLA, MNST, SQ,

Bounces included: AMZN, EXPE, FB, ANET, RACE, MOMO, SHOP,

Break of short-term support: COST, WMT, CC, BIDU,

Potential Breakouts include: HD, MCD, SPY, RCL, DDD, HUN, ATVI, MAR, WYN, AMZN,

Breakouts:

New Highs: DIA, TLT

36 of 100 NDX stocks closed higher and three were unchanged on Friday.

49 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 3

AMZN, FAST, FB

Moving Below 30 DMA = 10

ADSK, BMRN, CA, CHKP COST, FOXA, KHC, MCHP, MDLZ, ULTA

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral

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