After the Close Review of Friday’s market action…SPY, DIA, QQQ, IWM, VIX, weekly chart
review, XLI, XLF, XLY, XLB, XLP, XLK,
XLV, XLE, XLRE, XLU, X, BA, AAL, STX, NTAP, MU, BAC, AXP, BA, CAT, GS, HD, IBM,
MMM, NKE, TRV, UNH, JPM, COST, CSX, MS bull flag and breakout setups…technical
analysis insights…10:24 pm PST
Nine sectors were higher on Friday, led by industrial XLV +1.12% and
materials XLE
+0.92%.
SPY up 1.44 at 265.51 on 76.5 million shares, 8% above average volume. Up
on lower volume.
VIX down .58 at 9.58
Oil up .72 to 57.34
TLT up .01to at 126.69…on
13.0 million shares, 38% below average volume. Up on lower volume.
MSFT +2.02%, and UNH +1.71%, led
the DJIA, 23 advancers.
FL +4.05%, CTL
+4.04%, and
AYI +3.81%, led the SPX.
ALXN +7.19%, WDC
+3.98%, VRTX +3.48%,
MYL +3.48%, and CELG +3.27%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
SPY, DIA, QQQ, IWM,
Down:
Breadth weakened on Friday, as advancers led 1,750
to 1,163 on the NYSE and led 1,627 to
1,264 on the
NASDAQ.
The SPY MFC green
line in pointed
up at 78,
bullish.
Uptrend
sectors: XLY,
XLI, XLF, XLB, XLV, XLP, XLE, XLRE,
Neutral sectors:
XLK, XLU
Down
trend sectors:
Intermediate-term trending stocks: Many of these stocks have had significant
pull backs over the past week and it is appropriate to wait for the uptrend
to resume before considering entry…BA, MCD, CAT, TRU, CBOE, LYV, WYNN, FCAU, CCL, RCL, SQ, CC, EDU, AA, ADBE, PYPL,
ALGN, V,
MU, FB,
A, ISRG, TTWO, AABA, BABA, CDNS, ANET, RNG, WUBA, SHOP, ATVI, WB, LRCX, NVDA, RACE, TAL,
70 of 100 NDX stocks closed
higher on Friday.
55
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 5
ALXN, GILD, MSFT, SHPG,
TSLA,
Moving Below 30 DMA = 2
KHC, KLAC,
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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