After the Close Review of Weekly and Friday’s
action… DIA, QQQ, IWM, SPY, VIX, TLT,
/GC, XLB, XLF, XLY, XLK, XLV, weekly chart review, MYL, NFLX NCLH, AAL, CTRP, COST, ISRG, ADBE, ADI, AAL, CTRP, PYPL,
BIDU, CERN, KLAC, AMZN, AVGO, EBAY, QCOM…
Three sectors were higher on Friday, led by technology XLK +0.15% and discretionary XLY +0.12%.
SPY down .29 at 254.37 on 80.6 million shares, 25%
above average volume. Down on higher volume.
VIX up .46 at 9.65
Oil down 1.50 to 49.25
TLT down .35 at 123.59…on 9.8 million shares, 16% above
average. Down on
higher volume.
TRV +0.51%, and MCD +0.50%, led
the DJIA, 16 advancers.
MSI +4.00%, UAA
+2.96% and
GM +2.46% led the SPX.
AMAT +1.89%, NFLX
+1.87%, VRTX +1.84%,
AAL +1.46%, and TMUS +1.45%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
QQQ,
Down:
DIA, SPY, IWM
Breadth weakened on Friday as
decliners led 1,832 to 1,056 on the NYSE and advancers led 1,449 to 1,431 on the
NASDAQ.
The SPY MFC green
line is in
upper zone at 98.9, bullish.
Uptrend
sectors: XLI,
XLF, XLB, XLK, XLV, XLE, XLY, XLRE
Neutral
sectors: XLP, XLU,
Down
trend sectors:
Intermediate-term trending stocks: MU, LRCX, CBOE, TAL, TTWO, LYV, FCAU, AA,
EDU, PYPL, ANET, V, ALGN, BA, WYNN, A, ISRG, SQ, CC, TRU, FB, MCD, WB, NVDA, AABA,
BABA, ATVI, EA, RACE, WUBA, ADBE, CCL, RCL, SHOP,
54 of 100 NDX stocks closed
higher and one was unchanged on Friday.
69
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 4
AVGO, SWKS, TSLA, VRTX,
Moving Below 30 DMA = 5
ALXN, COST, ESRX, ILMN, TSCO,
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Up
2 comments:
Dave...With market at a all time high, would this be an opportunity to scale into an Iron Condor on the SPX? Say a 80 delta Bear Call.
Dave, I am sorry I missed your call on Friday. I am available all day today if you want to try again. Alternatively, I can call you?
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