Eight sectors moved higher
on Friday…XLF, XLK and XLV were the strongest sectors while XLE was the weakest sector.
Breadth
strengthened as advancers
led decliners 1.91 to 1 on the NYSE and 1.87 to on the NASDAQ.
Friday –
strengthened, advancers led
Thursday
– weakened, decliners led
Wednesday
– weakened, decliners led
Tuesday
– strengthened, advancers led
Monday
– weakened, advancers led on NYSE
SPY up 4.01 at
209.62 on 192.9 million shares
VIX
down 3.30 at
14.81…
TNX down .55 at 22.75…
TLT up 1.05 at 120.58…on 11.8 million
shares
XLF up .64 at 24.78…on 42.6 million shares
AAPL up
3.83 at 119.03 on 57.7 million shares
FB up 1.80 at 106.18 on 21.2 million
shares
Technical Commentary:
IWM +1.01%, SPY +1.95%, QQQ
+2.34%, DIA +2.05%.
The SPX recovered
most of Wednesday’s and Thursday’s selloff on Friday following Friday’s Employment report showing
that 211K jobs were created versus
an estimate of 190K while the
employment rate remained at 5%.
SPY, QQQ,
XLB, XLF, XLK and XLY are HBO setups
and IWM and XLI are bull flag setups.
Stocks making new highs on Friday: AVGO, NVDA, ADSK,
JD, MSFT, NFLX, ROST, NTES, SCHW, VRSN
Setups for
Monday:
Bull Flags – INTC, NXPI, XLNX, BIDU, AMZN, GOOGL, ILMN,
TSLA, YHOO, AA, JUNO, NKE, SLCA, YELP, YNDX
Breakouts – SWKS, TXN, AAPL, ADBE, ATVI, EBAY, ROST, AIG, C, CRM, CSIQ,
ETFC, FSLR, JBL, MS, PANW, STI
Diagonal Breakouts – FB, BAC, PYPL
Looking for
a 30 DMA Green Arrow entry? Check out Friday's NDX moving above list below.
Trade with the trend of the chart you are
trading and continue to move your profit protection stops. Continue
to follow your rules.
The SPX MFC green line is down at
64.
Short-term Chart Targets:
SPY =...211.66…
QQQ = 115.47…
IWM = 120.99, 123.07…
Support Levels
SPY
= 208.56, 207.41
QQQ
= 113.65, 112.84
IWM
= 118.90, 116.56
__________________
Setups
Horizontal Breakout: NCLH, TRIP,
Diagonal Breakout: FB, BAC, PYPL
Bull Flag: JUNO, RAX, SLCA,
YELP, BIDU
Moves
New Highs: JBL, NTES, ULTA, VRSN, ADSK, COST, NFLX, NVDA,
H Breakout: AIG, DAL, PLAY, SCHW, STI, SWKS, TXN,
D Breakout: EXPE, PLAY, PYPL, AAPL, EA,
Bull Flag Bounce: IWM, QQQ, SPY,
BAC, CIEN, CRM, ETFC, MS, NKE, V, ADBE, AMZN, ATVI, EBAY, ILMN, INTC, LLTC,
LRCX, MNST, MSFT, TSLA, XLNX,
MACD Divergence Bounce: PYPL, CMCSA, GILD, ORLY, SBUX,
Bounce: AA, BABA, C, CCL, CSIQ, FAS, JNPR,
PANW, RCL, SINA, SOHU, SVXY, TPX, UA, ZION, AAPL, FB, GILD, GOOGL, JD, ROST,
Gap Up: ULTA
______________________
94 of 100 NDX stocks closed higher
on Friday.
52 NDX stocks are
above their 30 DMA.
NDX Stocks to Watch on Monday:
Moving
Above 30 DMA
= 17
AAL, AAPL,
ADBE, ADP, ALXN, AMGN, DISCA, EBAY, ESRX, FAST, FB, INTU, LLTC, LRCX, PAYX,
VRTX, WBA
Moving Below 30 DMA = 0
6-month Intermediate Term Market Trend:
Neutral
3-day Short Term Market Trend: Neutral
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