QQQ Soars to New All-time High with AMZN, INTC, MSFT and GOOG Positive EPS Reactions...

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After the Close Review of Friday’s action… QQQ, SPY, IWM, DIA, TLT, AMZN, MSFT, AAPL, FB, GOOG, GOOGL, INTC, AVGO, NVDA, ALGN, CMCSA, ESRX, NFLX, ADBE, ATVI, earnings stocks positive reactions as money rotates from losing earning stocks to winning earning stocks again Friday.

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Six sectors were higher on Friday, led by technology XLK +2.69% and discretionary XLY +1.62%.

SPY up 2.09 at 257.71 on 84.9 million shares, 43% above average volume.  Up on higher volume.

VIX down 1.50 at 9.80

Oil up 1.37 to 54.19, its highest close since Feb. 23

TLT up .81 at 123.24…on 10.5 million shares, 41% above average.  Up on higher volume.

INTC +7.38%, and MSFT +6.41%, led the DJIA, 12 advancers.

ALGN +13.22%, COG +8.52% and RMD +7.39% led the SPX.

AMZN +13.22%, ESRX +5.53%, GOOG +4.80%, VRTX +4.42%, and FB +4.25%, led the NDX.

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

Up: QQQ, SPY, IWM, DIA

Down:

Breadth strengthened on Friday as advancers led 1,783 to 1,108 on the NYSE and led 1,819 to 1,063 on the NASDAQ.

The SPY MFC green line is in upper zone at 86 bullish.

Uptrend sectors:  XLI, XLF, XLB, XLK, XLV, XLE, XLY, XLRE, XLU,

Neutral sectors: XLP,

Down trend sectors:

Intermediate-term trending stocks:  LRCX, ADBE, PYPL, ALGN, NVDA, BA, SQ, MCD, CAT, MU, CC, TRU, FB, A, ISRG, AA, CBOE, TAL, TTWO, LYV, AABA, BABA, FCAU, EDU, ANET, V, WYNN, RACE, WUBA, CCL, RCL, SHOP, ATVI, WB

63 of 100 NDX stocks closed higher and one was unchanged on Friday.

57 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 9

AMZN, ATVI, AVGO, EA, ESRX, FB, HAS, TMUS, XLNX,

Moving Below 30 DMA = 5

EXPE, HSIC, MDLZ, PCLN, WYNN,

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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