Bounce Continuation on Bull Flag Day 4 as Trades Talks Resume...

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QQQ, SPY, DIA, IWM Bull Flag bounce in Rally Week 14…

                  (click image to enlarge)

The DJIA, closed up 211 points at 25,928, led by strength in BA, UNH, CAT, HD and UTX. 

Nine of eleven sectors were higher on Friday, led by healthcare XLV +1.20% and industrials XLI +1.08%.

SPY up 1.77 at 282.48 on 82.1 million shares, 6% above average volume. Up on higher volume.

VIX down .72 at 13.71

Oil up .67 at 60.18

TLT down .12 at 126.44 on 10.8 million shares. 

CAT +2.36%, UNH +2.08%, led the DJIA, 29 advancers, +3

KMX +9.61%, CELG +7.88% and STX +4.13%, led the SPX.

MU +5.06%, WDC +5.05%, ALGN +3.80%, and AMAT +2.99%, led the NDX.

Long term up trend intact.  3-day short term trend is up.

Up: DIA, QQQ, SPY, IWM,

Down:

Breadth weakened slightly on Friday, as advancers led 1,754 to 1,108 on the NYSE and led 1,752 to 1,314 on the NASDAQ

The SPY MFC green line is pointed up at 70 and is bullish.  Did you see the bull flag bounce continuation?

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

Neutral sectors:  XLB, XLV, XLF, XLE,

Down trend sectors:

The 6-month intermediate trend is sideways.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

85 of 100 NDX stocks closed higher on Friday.

70 NDX stocks are above their 30 DMA:  CDNS, CTRP, PYPL, XLNX, MELI, ULTA, VRSN, INTU, KLAC, SNPS, MDLZ, PAYX, WLTW, CSX, ALXN, GOOGL, VRSK, ADP, CHKP, CSCO, FOXA, CMCSA, JD, AAPL, PEP, INTC, MSFT, COST, QCOM, XRAY, DLTR, ISRG, AMZN, INCY, NVDA, SYMC, NTAP, SBUX, ATVI, IDXX, NTES, TTWO, ALGN, AVGO, ORLY, AMD, EBAY, WDAY, EA, FISV, ADBE, ALXN, FAST, ILMN, LULU, MAR, PCAR, AMAT, AMGN, ASML, CELG, CERN, CTSH, FB, GILD, HSIC, LRCX, MU, ROST, SWKS,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 13

AMAT, AMGN, ASML, CELG, CERN, CTSH, FB, GILD, HSIC, LRCX, MU, ROST, SWKS,

Moving Below 30 DMA = 1

CHTR,

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