Friday, January 10, 2020

Stocks Pause on Friday with Small Pullback on Below Average Volume...



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Three of eleven sectors were higher on Friday, led by XLRE, XLU and XLV.

SPY down .94 at 325.71 on 53.0 million shares, below average volume.  Down on higher volume.

VIX up .02 at 12.56

PFE, KO, UNH led the DJIA, 8 advancers, -12
LEN, TSN, ABMD led the SPX, 190 advancers
MELI, BIDU, CSGP, ISRG led the NDX, 38 advancers

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

Up:
Down: QQQ, SPY, IWM, DIA,

Breadth weakened on Friday as decliners led 1,563 to 1,364 on the NYSE and led 1,834 to 1,388 on the NASDAQ

The SPX MFC green line is above 80 and is flat at 93 and is short-term bullish

Uptrend sectors XLC, XLK, XLI, XLY, XLF, XLV, XLU, XLB, XLP,
Neutral sectors:  XLE, 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 TrendUp

38 of 100 NDX stocks closed higher on Friday.

81 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMGN, AMD, FOXA,  BMRN, MSFT, ADBE, ADSK, EA, LULU, MNST, WLTW, CERN, SBUX, MDLZ, VRSK, GOOGL, ADI, ASML, MCHP, NXPI, TXN, ATVI, JD, NVDA, TSLA, ULTA, VRSN, EXPE, MU, AMAT, BIDU, BKNG, CSX, LRCX, MXIM, PYPL, QCOM, WDC, XLNX, CTAS, EBAY, KLAC, TCOM, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB, NFLX, ALGN, SNPS, CHTR, IDXX, INTC,  ROST, CMCSA, ANSS, CDW, CPRT, CSGP, SPLK, TMUS, NTES, CTXS, MELI, WDAY, FISV, ILMN, REGN, TTWO, VRTX, NTAP, ADP, PAYX, COST, BIIB, ISRG,


NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 2
BIIB, ISRG,   

Moving Below 30 DMA = 3
ALXN, MAR, SIRI,

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