© 2018
The DJIA, fell 70 points to 24,538, was led by weakness in MCD, BA and CAT.
Six sectors were higher on Friday, led by healthcare XLV +1.01%, and
technology XLK +0.95%.
SPY up 1.38 at 269.08 on 139.0 million shares, 1% below average volume. Up on lower
volume.
VIX down 2.88 at 19.59
Oil up .11 to 61.45
TLT down .97 at 118.35 on 10.0 million shares, 18% below
average volume. Down on higher volume.
INTC +2.38%, and MRK +1.23%, led
the DJIA, 18 advancers.
SWN +20.49%, GPS
+7.82%, and
UHS +6.74%, led the SPX.
WDAY +5.91%, INCY
+4.24%, NFLX +3.67%,
ALGN +3.32% and MU +3.13% led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is down.
Up: IWM, QQQ, SPY,
Down:
DIA,
Breadth improved on Friday, as advancers led 1,811 to 1,062 on the NYSE and led 2,212 to 734 on the
NASDAQ.
The SPY MFC green
line pointed
down at 57,
defensive.
Uptrend
sectors: XLK, XLY,
XLF, XLV, XLI, XLB
Neutral
sectors: XLE,
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… IBKR, ADBE, TAL, EA, EBAY, SHOP, LYV,
SQ, RACE, BA, NVDA, VRSN, ATVI, WB, RNG, V, CAT, MAR, ALGN, CCL, RCL, TRU, WYN,
PYPL, A, AABA, BABA, FCAU, FB, ANET,
CBOE, TTWO, WYNN, ISRG, AA, WUBA, EDU, CC, MU,
86 of 100 NDX stocks closed
higher on Friday.
47
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 12
AMGN, AVGO, CHKP, CSX,
CTXS, INTU, JBHT, MCHP, MDLZ, SBUX, SYMC, TXN,
Moving Below 30 DMA = 0
The
intermediate and long-term trends are still up. The two-month trend is sideways. The seven-day trend is sideways.
6-month Intermediate Term
Market Trend: Up
3-day Short
Term Market Trend: Down
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