© 2019
SPY, QQQ, DIA, IWM Five-day Bull Flag in Rally Week 11…
(click
image to enlarge)
Setups
Bull
Flag = BA, PYPL, PANW,
(click
image to enlarge)
The DJIA, closed down 22 points at 25,450, led by weakness in CAT, HD, XOM, MCD and MRK.
Four of eleven sectors were higher on Friday, led by utilities XLU +0.35% and materials XLB +0.16%.
SPY down .55 at 274.46 on 85.7 million shares, 12%
above average volume. Down on lower volume.
VIX down .54 at 16.05
Oil down .36 at 56.04
TLT up .51 at 121.57 on 7.5 million shares.
GS +1.28%, UNH +0.63%, led the DJIA, 13 advancers, +9
HRB +3.27%, STX +2.28% and MHK +1.91%, led the SPX.
COST +5.09%, TSLA +2.73%, MU +2.17%, and HSIC +2.04%, led the NDX.
Long term up
trend intact. 3-day short term trend is down.
Up:
Down: IWM, DIA, QQQ, SPY,
Breadth strengthened
on Friday, as decliners led 1,556 to 1,293 on the NYSE and led 1,659 to 1,348 on the NASDAQ
The SPY
MFC green line crossed below the upper zone and is pointed down at 76.9 and is defensive.
Uptrend sectors: XLRE, XLC, XLI, XLU, XLB,
Neutral sectors:
XLK, XLY, XLV, XLP, XLF, XLE,
Down trend sectors:
The 6-month intermediate
trend is down. The ten-day trend is down.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
36 of 100 NDX stocks closed higher on Friday.
49
NDX stocks are above their 30
DMA: ROST, CDNS, CTRP, EBAY, FB, PCAR,
PYPL, TMUS, XLNX, CTAS, MELI, ULTA, VRSN, INTU, ADI, KLAC, NXPI, SNPS, MDLZ,
MNST, PAYX, SWKS, WLTW, CSX, ALXN, GOOGL, VRSK, ADP, CHKP, CSCO, FISV, ASML,
FOXA, CMCSA, JD, MAR, AAPL, PEP, CHTR, INTC, MSFT, COST, HSIC, QCOM, XRAY,
DLTR, EA, ILMN, ISRG,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 2
ILMN, ISRG,
Moving Below 30 DMA = 7
ADBE, CTSH, LBTYA, NFLX, ORLY, SBUX,
SIRI,
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