© 2018
SPY, DIA, QQQ and IWM bounced their bull flag price
pattern on Friday.
The DJIA, closed up 183 points at 24,737, led by strength in BA,
AAPL, CAT, MMM and HD.
Nine of eleven sectors were higher on Friday, led by materials XLB +1.90% and technology XLK +1.42%.
SPY up 2.23 at 265.78 on 96.8 million
shares, 25% below average volume. Up on higher volume.
VIX down 1.47 at 17.42
Oil up .37 at 53.55
TLT down .58 at 120.53 on 6.4 million shares.
AAPL +3.31%, CAT +3.11%, led the DJIA, 21 advancers, +8
STX +6.57%, SIVB +6.01% and DLPH +5.45%, led the SPX.
WDC +7.55%, JD +6.92%, MU +6.48%, and AMD +5.18% led the NDX.Long term up trend intact. 3-day short term trend is up.
Up: IWM, QQQ, SPY, DIA,
Down:
Breadth strengthened
on Friday, as advancers led 2,248 to 658 on the NYSE and led 2,131 to 871 on the NASDAQ
The SPY
MFC green line crossed into the upper zone and is pointed up at 84 and is short-term
bullish.
Uptrend sectors:
Neutral sectors:
XLU, XLRE, XLB, XLY, XLC, XLV, XLI, XLK, XLF, XLP, XLE,
Down trend sectors:
The 6-month intermediate
trend is down. The ten-day trend is up.
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Up
89 of 100 NDX stocks closed higher on Friday.
88
NDX stocks are above their 30
DMA: DLTR, REGN, WDAY, XRAY, ROST, LULU,
CELG, INCY, NFLX, AMGN, AMZN, BIIB, CDNS, CTRP, EA, EBAY, FB, GILD, PCAR, PYPL,
TMUS, VRTX, WYNN, XLNX, AMD, CTAS, MELI, TXN, ULTA, VRSN, ADBE, ADSK, BMRN,
HAS, INTU, MCHP, ADI, AMAT, AVGO, ISRG, KLAC, LRCX, NXPI, SNPS, FAST, JBHT,
MDLZ, MNST, NVDA, PAYX, SWKS, WLTW, CSX, ALXN, CTSH, EXPE, GOOGL, IDXX, KHC,
MSFT, MXIM, NTAP, VRSK, ALGN, ADP, CHKP, COST, CSCO, FISV, MU, SBUX, ASML,
FOXA, LBTYA, BKNG, CERN, CMCSA, JD, MAR, AAL, SYMC, UAL, WDC, AAPL, ATVI, BIDU,
MYL, WBA,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 5
AAPL, ATVI, BIDU, MYL, WBA,
Moving Below 30 DMA = 1
INTC,
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