QQQ, SPY, IWM New All-time Weekly Closing High on Friday...AAPL, MSFT, GOOGL, TSLA, FB Rise...

 
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QQQ, SPY and IWM each made a new weekly all-time closing high on Friday.  AAPL, MSFT, GOOGL, TSLA and FB close higher on Friday.
 
 
NDX -38.59, -0.29%, pauses on Friday after making a new all-time closing high on Thursday.
 
SPX -11.60, -0.30%, closed at 3,841, pausing for a second day after Wednesday’s big breakout and is forming a two-day bull flag.
 
TSLA rose +0.20%, pulled back in its bull flag pattern grinding back and forth for 8 days.  Oppenheimer raises price target to $1,036.
 
Three of eleven sectors were higher on Friday, led by XLK, XLY and XLC. 
 
Real Estate leaders: WELL, FRT, CBRE, O
Utilities leaders: NRG, AEE, AEP, D
Communication Services leaders: GCI, TWTR, DISCA, VIAC
 
SPY down 1.36 at 382.88 on 52.1 million shares, below average volume, down on higher volume.
VIX up .59 at 21.91
 
HD, CRM, AAPL, JNJ led the DJIA, 11 advancers, +1
SIVB, FANG, GCI, PHM led the SPX, 184 advancers.
INCY, WDAY, CHKP, AMD led the NDX, 36 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM,
Down: QQQ, SPY, DIA,
 
Advancers strengthened on Friday as advancers led 1,690 to 1,526 on the NYSE and led 2,320 to 1,526 on the NASDAQ.
 
The SPY MFC green line pointed up at 87.9 and is bullish.  Price action is a modest two-day bull flag.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  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
 
36 of 100 NDX stocks closed higher on Friday.
 
68 NDX stocks are above their 30 DMA:   TXN, ADI, AMAT, MU, MXIM, ASML, AVGO, TSLA, PYPL, ANSS, ATVI, BIDU, CDNS, ILMN, SNPS, CERN, IDXX, ALXN, SWKS, NTES, MRVL, PTON, AMGN, INTC, JD, PDD, KLAC, NXPI, EBAY, GILD, LRCX, WBA, BIIB, FOXA, MCHP, QCOM, EXC, PCAR, CDW, CTAS, DOCU, INCY, MELI, REGN, SPLK, EA, ZM, GOOGL, INTU, OKTA, TCOM, VRTX, AAPL, AMZN, CTSH, DXCM, MSFT, NFLX, NVDA, SBUX, CHTR, FB, MRNA, AEP, AMD, CHKP, TEAM, WDAY,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 5
AEP, AMD, CHKP, TEAM, WDAY,
 
Moving Below 30 DMA = 8
ADSK, ALGN, CSCO, CSX, ISRG, ORLY, SGEN, WDC,
 
 
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