© 2018
SPY made a 52-week low, closing near its low of the day on Friday, on slightly higher
volume.
Monday, Christmas Eve, is a half
day of trading, closing at 1 pm ET. We
wish you a safe and wonderful holiday weekend and for those that celebrate
Christmas, a very Merry Christmas.
The DJIA, closed down 414 points at 22,445, led by weakness in BA, GS, AAPL, V and AXP. This is the twelfth
close below 25,000 since Dec 6.
All eleven sectors were lower on Friday, led by real estate XLRE +0.99% and staples XLP +0.62%.
SPY down 5.03 at 240.70 on 255.3 million shares, 100% above average
volume. Down on slightly higher volume.
VIX up 1.73 at 30.11
Oil down .80 at 45.42
TLT down .02 at 120.72 on 9.9 million shares.
NKE +7.17%, MCD +0.27%, led the DJIA, 3 advancers, +2
KMX +3.95%, ABMD +2.11% and FL +1.75%, led the SPX.
JD +5.88%, NTES +3.65%, TSLA +1.39%, and AVGO +1.25% led the NDX.
Long term up
trend intact. 3-day short term trend is down.
Up:
Down: DIA,
SPY, IWM, QQQ
Breadth weakened
on Friday, as decliners led 2,326 to 653 on the NYSE
and led 2,447 to 668 on the NASDAQ
The SPY
MFC green line is turned down at 5 and is short-term
bearish.
Uptrend sectors: XLU,
Neutral sectors:
XLRE, XLB,
Down trend sectors: XLV,
XLP, XLI, XLY, XLC, XLK, XLF, XLE,
The 6-month intermediate
trend is down. The ten-day trend is down.
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Down
9 of 100 NDX stocks closed higher on Friday.
2
NDX stocks are above their 30
DMA. NTES, AVGO,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 3
QCOM, VOD, WDAY,
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