© 2018
On Friday, NVDA -18.76% and WSM -11.23%
fell after reporting EPS Thursday after the close.
The DJIA, closed up 123 points at 25,413, led by strength in UNH, MMM, MCD, TRV, and AAPL. This is the thirteenth
straight close above 25,000.
Seven of eleven sectors were higher on Friday, led
by utilities XLU +1.54% and
real estate XLRE +1.54%.
SPY up.71 at 273.73 on 126.6 million
shares, 1% above average volume. Up on lower volume.
VIX down 1.84 at 18.14
Oil up .25 at 57.03
TLT up .66 at 114.70 on 9.2 million shares.
TRV +2.53%, UNH +2.33%, led the DJIA, 20 advancers, -2.
PCG +37.54%, EIX +15.38% and NTAP +4.38%, led the SPX.
CHTR +3.16%, KLAC +2.60%, CTSH +2.42%, and XLNX +2.29% led
the NDX.
Intermediate and long
term up trend intact. 3-day short term trend is sideways.
Up: DIA, SPY, IWM
Down: QQQ,
Breadth strengthened
on Friday, as advancers led 1,513 to 1,390 on the NYSE and
decliners led 1,542 to 1,462 on the NASDAQ
The SPY
MFC green line is pointed down at 38 and is short-term
bearish.
Uptrend sectors: XLU, XLP, XLRE,
Neutral sectors:
XLV, XLY, XLF, XLB,
Down trend sectors: XLK,
XLI, XLE, XLC,
The 6-month intermediate
and long-term trends are still up. The three-month trend is sideways.
The ten-day trend is sideways.
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Sideways
56 of 100 NDX stocks closed higher on Friday.
62
NDX stocks are above their 30
DMA. SBUX, WBA, CDNS, TSLA, PEP,
XLNX, CMCSA, ESRX, INTC, QRTEA, CHTR, COST, MELI, AAL, FOXA, MDLZ, SIRI, ULTA,
MNST, PYPL, SYMC, FAST, MCHP, MYL, VRSK, WDAY, CTXS, HSIC, ORLY, SNPS, XRAY,
ADI, CSX, MAR, NXPI, TMUS, VOD, MXIM, NTES, ADP, AMAT, AVGO, BIIB, CHKP, CSCO,
CTAS, FISV, HAS, HOLX, ILMN, INCY, KLAC, LRCX, PAYX, PCAR, SNPS, STX, TXN,
ADSK, AMGN, ISRG, MSFT,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 4
ADSK, AMGN, ISRG, MSFT,
Moving Below 30 DMA = 7
ASML, BKNG, DLTR, INTU, JD, MU,
SHPG,
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