© 2021
The SPX pulls back from horizontal
resistance for a second day and closed at 4,620 -48.03, and the NDX closed at 15,801, -62.48.
SPX changes:
Dec 14 EPAM replaced KSU
Dec 20 SBNY, SEDG, FDS will replace LEG, HBI, WU
NDX changes:
Dec 20 ABNB, FTNT, PANW, ZS, DDOG, LCID will replace CDW,
CERN, CHKP, FOXA, FOX, INCY, TCOM
SPY down 4.37 at 459.87, ex-dividend 1.636 on Friday, on 135.6 million shares,
above average volume, down on higher volume.
VIX up 1.00 at 21.57
QQQ down 1.93, -0.50% at 384.91
IBM, BA, VZ, CSCO led the DJIA, 5 advancers, -14
CERN, PENN, RCL, NCLH led the SPX, 130 advancers.
PTON, KHC, CHTR, CTSH led the NDX, 40 advancers.
The two-year trend term is up. The one-year trend is up.
Up: IWM,
Down: QQQ, SPY, DIA,
All eleven
sectors were lower on Friday, led by XLRE,
XLC and XLK.
Real Estate leaders: HST, SBAC, IRM, FRT
Communication Services leaders: GCI, LYV, DISH, CHTR
Technology leaders: PTC,
ANET, SWKS, FTNT
Advancers were mixed on Friday as decliners led 1,949 to 1,389
on the NYSE and advancers led
2,545 to 2,147 on the NASDAQ.
The SPY MFC green line
turned down at 66.8 and is defensive. SPY is bounced down from resistance in
a channel on Friday.
Uptrend sectors: XLP, XLV, XLRE, XLU, XLK, XLB, XLY, XLE,
XLI, XLF,
Neutral sectors:
Down trend sectors: XLC,
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
40 of 100 NDX stocks
closed higher on Friday.
36 NDX stocks are above their 30
DMA: DLTR, AVGO, AAPL, COST, LRCX, MCHP, MU, GILD, VRTX,
CSCO, FAST, ORLY, XEL, MRVL, PEP, AEP, AMGN, CTSH, FISV, WBA, CERN,
MNST, MDLZ, FB, INCY, ILMN, TMUS, ANSS, INTC, KDP, MRNA, PAYX, SIRI, VRSN, CHKP,
KHC,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 7
CSX, CTAS, EXC, QCOM, SBUX, SNPS,
VRSK,
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