DJIA, SPX as NDX and RUT Weak on Friday...

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SPY, I WM and QQQ are in a bull flag price pattern.  

Other bull flags include:  AMD, AMZN, ATVI, ALGN, CTRP, EA, FB, GOOGL, HD, JD, PYPL, TGT, TWTR, V, UNH. 

The DJIA, closed up 119 points at 24,580, led by strength in MCD, CVX, UNH, DWDP and XOM.

Seven sectors were higher on Friday, led by energy XLE +2.00% and materials XLB +1.46%.

SPY up .50 at 274.74, on 56.6 million shares, 18% below average volume. Up on lower volume

VIX down .87 at 13.77

Oil up 3.48 at 69.28

TLT down .01 at 120.53 on 4.0 million shares.

DWDP +2.63%, MCD +2.50%, led the DJIA, 25 advancers.

KMX +12.86%, MRO +7.83% and APC +6.69%, led the SPX.

HSIC +3.65%, DISH +3.44%, CMCSA +3.11%, and LBTYA +2.69%, led the NDX.

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

Up: DIA, SPY

Down: QQQ, IWM

Breadth strengthened on Friday, as advancers led 1,931 to 950 on the NYSE and led 1,555 to 1,353 on the NASDAQ

The SPY MFC green line is pointed down at 78, defensive. 

Uptrend sectors:  XLY, XLK, XLRE, XLE, XLV

Neutral sectors: XLF, XLI, XLB, XLU, XLP

Down trend sectors:

Intermediate-term trending stocks: 

RACE, ADBE, IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA, WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP, EL

BA, MU, MAR, CMA, CME, ANET, HRS, KORS,

DLTR, WB, TPR,

42 of 100 NDX stocks closed higher on Friday.

63 NDX stocks are above their 30 DMA.  ADP, COST, INTU, CDNS, AMZN, FB, ILMN, MSFT, NFLX, ORLY, SIRI, EXPE, FOXA, TTWO, ATVI, AAPL, CTAS, ALGN, JBHT, PAYX, ADI, CA, EA, GOOGL, FISV, MXIM, PYPL, QCOM, AMGN, ESRX, WBA, INCY, CTRP, IDXX, AVGO, KHC, ISRG, VRSK, ADSK, REGN, ROST, TSLA, GILD, JD, CHTR, CMCSA, HAS, MDLZ, MNST, DISH, TMUS, HOLX, HSIC, NTES, WBA, CTSH, BMRN, STX, ALXN, BIIB, VRTX, LBTYA, ASML, CSX,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

ASML, CSX,

Moving Below 30 DMA = 9

ADBE, BIDU, BKNG, CELG, CHKP, CTXS, MCHP, MU, NVDA,

The 6-month intermediate and long-term trends are still up.  The three-month trend is sideways.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Sideways

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