AAPL Sags on GS Comments...DJIA Closes Higher as SPX, NDX Pause Near All-time High Resistance...

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This Week:

On Tuesday AAPL announced AppleTV+ at $4.99/month, MS maintains overweight, raises price target to $247,

AAPL stock rises $9+ on Tuesday & Wednesday,

On Friday GS maintains neutral rating on AAPL and cuts price target to $165 indicating a material negative impact on earnings from AppleTV+, stock drops $6,

AAPL indicates that introduction of AppleTV+ will not have a material impact on financial results, stock bounces but closes over $4 lower on Friday.
Who’s got your back, Morgan Stanley or Goldman Sachs?

The DJIA, closed up 37 points at 27,219 led by strength in UNH, BA, JPM, CAT and DOW.  Closing above 27,000 for the third day in a row.

Four of eleven sectors were higher on Friday, led by materials XLB +1.09% and energy XLE +0.79%.

SPY down .20 301.09 on 62.1 million shares, 24% below average volume.  Down on lower volume.

VIX down .48 at 13.74

Oil down .30 at 54.82

TLT down 2.98 at 136.54 on 18.9 million shares. 

GLD down 1.17 at 140.15

DOW +2.62%, UNH +2.00%, led the DJIA, 18 advancers, -4

XEC +8.21%, SWN +4.21% and PXD +3.90% led the SPX.

CTRP +3.39%, MNST +2.45%, UAL +2.20% and BIIB +1.86% led the NDX.

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

Up: IWM, DIA,

Down: SPY, QQQ,

Breadth weakened slightly on Friday, as decliners led 1,603 to 1,360 on the NYSE and advancers led 1,664 to 1,383 on the NASDAQ

The SPY MFC green line moved above 80 into the upper zone, is pointed up at 88 and is short-term bullish. 

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

Neutral sectors:  XLV,

Down trend sectors: XLE,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

51 of 100 NDX stocks closed higher on Friday.

71 NDX stocks are above their 30 DMA:  SBUX, CELG, KLAC, NTES, SYMC, PEP, EA, SNPS, ATVI, BKNG, CHTR, COST, JBHT, CMCSA, QCOM, AAPL, MYL, ORLY, SIRI, ASML, LRCX, MU, NVDA, ROST, WDC, DLTR, LBTYA, AMAT, AVGO, CSX, CTSH, CTXS, INTC, JD, NXPI, TXN, AAL, ADI, AMZN, EXPE, FAST, FB, GOOGL, LULU, MCHP, MXIM, NTAP, SWKS, TSLA, WBA, ADSK, CTRP, GILD, TMUS, UAL, BIDU, HAS, HSIC, KHC, MAR, WYNN, BIIB, CSCO, ILMN, ISRG, EBAY, MSFT, PYPL, WLTW, XLNX, FOXA, MNST,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

FOXA, MNST,

Moving Below 30 DMA = 2

MDLZ, VRSK,

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