SPX Pulls Back Day Four as All Sectors Move Lower...

 
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The NDX pulled back and tested Thursday’s breakout.
 
Semiconductor stocks, SMH fell to short-term support. 
 
DJI -533.37, -1.58%, closed at 33,290.  GS, UNH, MCD and TRV were the largest point decliners on Friday.
NDX -114.22, -0.81%, closed at 14,049.
SPX -55.41, -1.31%, closed at 4,166.
 
TSLA +1.09%, channel bounce continuation.
 
 

 
All eleven sectors were lower on Friday, led by XLY, XLK and XLV.
 
Consumer Discretionary leaders: LEN, NVR, POOL, DHI
Technology leaders: ADBE, ENPH, PYPL, PAYC
Health Care leaders: ABMD, DXCM, BIIB, INCY
 
 
SPY down 5.67 at 414.92, on 118.6 million shares, above average volume, down on higher volume.  Went ex-dividend on Friday with 
VIX up 2.95 at 20.70
 
HD, CAT, NKE, MSFT led the DJIA, 0 advancers, -12
LEN, ENPH, GNRC, ABMD led the SPX, 51 advancers.
DOCU, OKTA, ADBE, MTCH led the NDX, 27 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: QQQ, SPY, DIA, IWM,
 
Advancers weakened on Friday as decliners led 2,496 to 837 on the NYSE and led 3,035 to 1,288 on the NASDAQ.
 
The SPY MFC green line turned down at 82.7 and is counter-trend defensive.  Prepare to become defensive if pullback continues Monday.  SPY pulled back for a fourth day after an all-time closing high on Monday. 
 
 
Uptrend sectors:  XLRE, XLC, XLK, XLV, XLE, XLP, XLU, XLI, XLF, XLB,
Neutral sectors:  XLY,
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
 
27 of 100 NDX stocks closed higher on Friday.
 
55 NDX stocks are above their 30 DMA:  CERN, ALXN, TMUS, SGEN, PAYX, INTU, FB, MXIM, ADI, GOOGL, IDXX, ILMN, MRVL, ZM, NVDA, PTON, ASML, AVGO, LRCX, SNPS, MRNA, PYPL, SIRI, AMD, EBAY, REGN, XLNX, DXCM, ADBE, BIIB, CHKP, DOCU, LULU, MSFT, TEAM, ALGN, AMZN, ISRG, ANSS, CDNS, CMCSA, QCOM, SPLK, AAPL, CPRT, CTAS, MELI, MTCH, WDAY, INCY, NFLX, OKTA, TSLA, VRSN, FOXA,
 
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 1
FOXA,
 
Moving Below 30 DMA = 15
ADP, AMAT, BKNG, CDW, CHTR, COST, EXC, INTC, JD, KLAC, MDLZ, PEP, SWKS, TXN, VRSK,
 
 
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