IWM Leads on Range Bound Trading Day...ADBE Positive EPS Reaction...

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Friday was another range bound day following a new report of additional tariffs on China.

QQQ and IWM have bounced and watch for potential bounce continuation on Monday, while SPY and DIA are in a HBO setup. 

AMD, AXP, MSFT, NKE, QCOM and V hit new highs on Friday.  

Three sectors were higher, led by energy XLE +0.53% and industrials XLI +0.50%.

The DJIA, closed up 8 points at 26,154 led by strength in BA, UTX and TRV.  This is the forty-fifth consecutive close above 25,000 since June 15 and the second close above 26,000 since Feb 1.

SPY up .05 at 290.88, on 55.0 million shares, 4% below average volume. Up on higher volume.

VIX down .30 at 12.07 

Oil up .17 at 68.98

TLT down .57 at 118.55 on 5.5 million shares. 

UTX +1.68%, BA +1.22%, led the DJIA, 14 advancers, -9.

AMD +7.35%, LB +5.58% and DLPH +3.83%, led the SPX.

QRTEA +3.12%, SHPG +2.79%, ALGN +2.77%, and ADBE +2.30%, led the NDX.

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

Up: IWM, DIA, SPY

Down: QQQ,

Breadth weakened slightly on Friday, as advancers led 1,455 to 1,378 on the NYSE and led 1,557 to 1,349 on the NASDAQ

The SPY MFC green line moved into the upper zone at 82 bullish. 

Uptrend sectors:  XLU, XLV, XLP, XLY, XLK, XLRE, XLI,

Neutral sectors: XLF, XLE, XLB,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

50 of 100 NDX stocks closed higher on Friday.

57 NDX stocks are above their 30 DMA.  COST, AMGN, ISRG, AMZN, CHKP, CA, CTAS, ORLY, AAPL, QCOM, PCAR, ROST, XLNX, SBUX, CMCSA, ILMN, VRSK, SNPS, CSCO, PAYX, WDAY, DISH, FISV, ADP, TTWO, ESRX, REGN, ADSK, NVDA, ADBE, PYPL, INTU, ALGN, CHTR, VRTX, SIRI, SYMC, AVGO, ULTA, MAR, HAS, HSIC, WBA, ATVI, NFLX, AAL, MDLZ, MSFT, TMUS, CTXS, IDXX, LBTYA, SHPG, CDNS, CTSH, QRTEA, HOLX,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 1

HOLX,

Moving Below 30 DMA = 5

BIDU, CERN, EBAY, FAST, KHC,

Intermediate-term trending stocks: 

ADBE, COST, DG, AAPL, AMZN, MA, V, AET, ISRG, PAYX, VRSN, COP, CRM, NTAP, RNG, SQ, UNH, NVDA, ALGN, CHGG, GRUB, TWLO, W, CDNS, PAYC, FISV, NDAQ, LPSN, PSTG, ZUMZ, WIX, SHAK, ETFC, EL, CME, KORS, A, WUBA,

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