Strong Rally Follows Strong Job Report on Friday...

© 2019

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

Up: DIA, IWM, QQQ, SPY,

Down:                                                                  

Breadth strengthened on Friday as advancers led 2,198 to 753 on the NYSE and led 2,241 to 909 on the NASDAQ

The SPX MFC green line turned up at 79 and is short-term bullish. 

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: Up

82 of 100 NDX stocks closed higher on Friday.

72 NDX stocks are above their 30 DMA:  AAPL, ALGN, SWKS, ISRG, ORLY, AMGN, REGN, FAST, NTES, PCAR, SIRI, AMD, INCY, VRTX, ISRG, WBA, FOXA, FB, MAR, AVGO, BMRN, MSFT, NFLX, HSIC, ADBE, ADSK, BIDU, EA, FISV, LULU, ADP, MNST, WLTW, PAYX, MELI, CERN, ILMN, GILD, PYPL, ROST, SBUX, HAS, MDLZ, MYL, PEP, VRSK, KHC, GOOGL, TTWO, ADI, ASML, MCHP, NTAP, NXPI, TXN, XEL, ATVI, BIIB, JD, ALXN, BKNG, CDNS, CTSH, EXC, MU, NVDA, TCOM, TSLA, ULTA, VRSN, WYNN,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 12

ALXN, BKNG, CDNS, CTSH, EXC, MU, NVDA, TCOM, TSLA, ULTA, VRSN, WYNN,

Moving Below 30 DMA = 1

KHC,

Add Comments here