Buyers Return Friday Afternoon in Broad Rebound...VIX Closes Lower...

The DJIA rose 330 points to 24,190 led by strength in UNH, AXP, CAT, BA, MSFT and NKE. 

Nine sectors were higher on Friday, led by technology XLK +2.45%, and real estate XLRE +2.35%.

SPY up 3.87 at 261.50 on 283.5 million shares, 126% above average volume.  Up on higher volume.

VIX down 4.40 at 29.06

Oil down 1.37 to 59.05

TLT down .75 at 117.94 on 15.6 million shares, 23% above average volume.  Down on lower volume.

NKE +4.80%, and AXP +3.83%, led the DJIA, 27 advancers.

MAT +7.94%, AEE +5.38%, and UAA +4.64%, led the SPX.

NVDA +6.69%, DLTR +5.95%, AMAT +5.09%, TTWO +4.77% and ORLY +4.52% led the NDX.

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

Up: QQQ, SPY, DIA, IWM

Down:

Breadth strengthened on Friday, as advancers led 1,755 to 1,215 on the NYSE and led 1,706 to 1,265 on the NASDAQ.

The SPY MFC green line is pointed down at 19, short-term bearish. 

Uptrend sectors:  XLY,

Neutral sectors: XLF, XLV, XLI, XLK, XLE, XLB,

Down trend sectors: XLP, XLRE, XLU,

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past month and it is appropriate to wait for the uptrend to resume before considering entry… CBOE, IBKR, ADBE, ANET, TAL, EA, EBAY, TTWO, SHOP, LYV, SQ, RACE, ALGN,  ATVI, FB, FCAU, WB, RNG, AABA, BABA, CCL, RCL, BA, CAT, MAR, V, TRU, WYN, WYNN, PYPL, NVDA, ISRG, VRSN, AA, WUBA, EDU, CC, MU, A,

82 of 100 NDX stocks closed higher on Friday.

11 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 4                            

FISV, MXIM, NVDA, SWKS,

Moving Below 30 DMA = 0

The intermediate and long-term trends are still up.  The two-month trend is sideways.  The nine-day trend is down.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

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