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SPY, DIA, QQQ, IWM Pullback under Trade/Tariff
Uncertainty in Rally Week 20…
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enlarge)
The DJIA, closed up 114 points at 25,942, led by strength in UNH, WMT,
MCD, TRV and PG. Closing below 26,000 for the fourth day after trading above for
the previous twenty-five trading days.
All eleven sectors was higher on Friday, led by utilities XLU +1.79% and materials XLB +1.36%.
SPY up 1.44 at 288.10 on 112.4 million
shares, 65% above average
volume. Up on higher volume.
VIX down 3.06 at 16.04
WMT +2.38%, PG +1.70%, led the DJIA, 23 advancers, +15
LIN +4.75%, NWSA +4.11% and BLL
+3.11%, led the SPX.
BKNG +5.40%, MELI +2.80%, AMD +2.76%, and QCOM +2.46%, led the NDX.
Long term up
trend intact. 3-day short term trend is sideways.
Up: DIA,
SPY, IWM, QQQ,
Down:
Breadth strengthened
on Friday, as advancers led 1,872 to 980 on the NYSE and led 1,646 to 1,387 on the NASDAQ
The SPY
MFC green line is pointed down at 62 and is short-term
defensive in an intermediate-term up trend.
Uptrend sectors: XLRE, XLU, XLP, XLY, XLK, XLI, XLC, XLF,
Neutral sectors:
XLB, XLE, XLV,
Down trend sectors:
The 6-month intermediate
trend is sideways. The ten-day trend is down.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
54 of 100 NDX stocks closed higher on Friday.
47
NDX stocks are above their 30
DMA: CDNS, PYPL,
VRSN, SNPS, MDLZ, PAYX, CSX, VRSK, CHKP, CMCSA, PEP, MSFT, AMZN, SBUX, NTES,
ALGN, ADBE, ILMN, LULU, CELG, CERN, FB, HSIC, LRCX, ADSK, CTAS, NXPI,
WYNN, AAL, CHTR, TMUS, HAS, QCOM, INTU, IDXX, MNST, WDAY, XRAY,
TTWO, GILD, INCY, MELI, COST, FOXA,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 3
AMD, BKNG, ROST,
Moving Below 30 DMA = 2
EBAY, MAR,
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