© 2019
DIA was a
bull flag bounce and entry signal on Friday. SPY
formed a dragonfly doji and QQQ formed a hammer and both still a bull
flag setup for Monday.
DJIA closed up 109 at 27,875 led by strength in BA, MMM, GS, JNJ and DIS. Closing
below 28,000 for the fourth straight day.
Seven of eleven sectors were higher on Friday, led by XLF, XLY and XLI.
SPY up .69 at 310.27 on 44.8 million shares, below average volume. Up on lower volume.
VIX down .79 at 12.34
Oil up 1.24 at 58.33
TLT up .18 at 139.90 on 4.6 million shares
GLD down .26 at 137.74
PFE, MMM, BA led the DJIA, 20 advancers, +5
JWN, SWN, M led the SPX, 318 advancers
NTES, TCOM, BIIB, REGN led the NDX, 63 advancers
Long term up
trend intact. 3-day short term trend is down a little.
Up: DIA, IWM,
SPY, QQQ,
Down:
Breadth strengthened
on Friday as advancers led 1,754 to 1,175 on the NYSE and
led 1,810 to 1,312 on the NASDAQ
The SPX
MFC green line is above 80, turned down at 93 and is counter-trend
defensive.
Uptrend sectors: XLK, XLV, XLC, XLP, XLF, XLI, XLB,
Neutral sectors:
XLY, XLE, XLU, XLRE,
Down trend sectors:
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: Down a little
63 of 100 NDX stocks
closed higher on Friday.
63 NDX stocks are above their 30 DMA: AAPL, ASML, CTXS,
ALGN, CELG, CHTR, NVDA, SWKS, TSLA, INTC, ISRG, ORLY, AMGN, REGN,
FAST, GOOGL, NTES, PCAR, SIRI, AMD, INCY, VRTX, ISRG, NTAP, QCOM, WBA, FOXA,
BIIB, KHC, ALXN, FB, MAR, AMAT, AVGO, BMRN, MSFT, NFLX, CHKP, NXPI,
HSIC, ADBE, ADSK, CTSH, BIDU, CDNS, EA, FISV, LULU, ADP, MNST, WLTW, PAYX,
VRSN, WDAY, MELI, CERN, ILMN, GILD, JD, ADI, TCOM, UAL, WYNN,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 4
ADI, TCOM, UAL, WYNN,
Moving Below 30 DMA = 6
COST, INTU, LRCX, ROST, SNPS, TTWO, 
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