DJIA Gains on Strength in PG, AXP, AAPL and DIS...

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Earnings season continued on Friday. Positive reactions included PYPL, PG and AXP.  

The DJIA, closed up 64 points at 25,444, led by strength in PG, AXP, AAPL, DIS and GS.  This is the seventieth consecutive close above 25,000 since June 15.

Four of eleven sectors were higher, led by staples XLP +2.28% and utilities XLU +1.56%.

SPY down .15 at 276.25, on 139.9 million shares, 50% above average volume. Down slightly on higher volume.

VIX down .17 at 19.89 

Oil up .83 at 69.54

TLT down .25 at 113.71 on 10.8 million shares. 

PG +8.80%, AXP +3.78%, led the DJIA, 17 advancers, +11.

IPG +9.65%, SYF +5.80% and CTL +4.52%, led the SPX.

PYPL +9.42%, KHC +3.64%, INCY +2.51%, and PEP +2.19, led the NDX.

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

Up: DIA,

Down: SPY, QQQ, IWM,

Breadth strengthened on Friday, as decliners led 1,487 to 1,413 on the NYSE and led 2,082 to 913 on the NASDAQ

The SPY MFC green line is pointed up at 31 and is bullish.

Uptrend sectors:   XLU, XLV,

Neutral sectors:  XLE, XLP, XLK, XLY, XLI, XLF,

Down trend sectors: XLRE, XLC, XLB,

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: Down

37 of 100 NDX stocks closed higher on Friday.

13 NDX stocks are above their 30 DMA.  ESRX, BMRN, FOXA, SBUX, WBA, QRTEA, CMCSA, DLTR, HOLX, TMUS, CA, CHTR, KHC,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 3

CA, CHTR, KHC,

Moving Below 30 DMA = 4

ALXN, NTES, REGN, SHPG,

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