All nine sectors moved lower
on Friday…XLV, XLY and XLB were the strongest sectors while XLF was the weakest sector.
Breadth
strengthened
slightly as decliners led
advancers 1.87 to 1 on the NYSE and 1.65 to 1 on
the NASDAQ.
Friday – strengthened
slightly, decliners led
Thursday-
weakened, decliners led
Wednesday
– strengthened, advancers led
Tuesday – strengthened,
advancers led
Monday
– strengthened, decliners led
SPY down 3.62 at
200.02 on 251.3 million shares, including ex-dividend
1.21, 114% above average volume
VIX
up 1.76 at
20.70…
TNX down .39 at 21.99…
TLT up .68 at 123.33…on 10.1 million
shares
XLF down .79 at 23.30…on
92.2 million shares, 108% above average volume
AAPL down
2.95 at 106.03 on 96.4 million shares,
134% above average volume
FB down 2.18 at 104.04 on 35.9 million
shares, 53% above average volume
Technical Commentary:
IWM -1.53%, SPY -1.78%, QQQ
-2.22%, DIA -2.34%.
Quarterly
quadruple witching weighed on stock and index prices on Friday as December futures
and options expired. SPY 1.21 div and QQQ .34 div went ex-dividend on
Friday which further lowered their quotes. SPY and QQQ moved lower on heavy volume, however both stayed above Monday’s
reversal low.
Breadth
strengthened slightly on Friday notwithstanding lower index prices. DRI,
RHT, CCL, RCL, BXLT, CI, NUE, AMBA, GPRO and X were among Friday’s gainers.
Solar stocks
were strong this week including SCTY, SEDG, FLSR, SPWR, CSIQ, RUN, JASO, TSL, SUNE and VSLR on news that Congress extended
solar tax credits.
(click
image to enlarge)
Cybersecurity
stocks CYBR, AVG and FEYE were
strong on Friday.
(click image to enlarge)
NDX says
goodbye to CHRW, EXPD, GMCR, GRMN, SPLS, VIP and WYNN effective Monday before the open.
(click image to enlarge)
NDX says
hello to CTRP, ENDP, EXPE, MXIM, NCLH, TMUS and ULTA on Monday morning replace the stocks being removed from the
index.
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 pointed up at
35.
Short-term Chart Targets:
SPY =...202.93…
QQQ = 111.88…
IWM = 112.89…
Support Levels
SPY
= 198.77
QQQ
= 109.05
IWM
= 110.28
__________________
Setups
Horizontal Breakout: CI,
CNC, JD, W, SPWR, GPRO, CCL, KWEB, NUS
Diagonal Breakout: BABA,
X, AMBA, AA, CTRP, MPEL, PANW, RCL,
Bull Flag: ATVI, COH, CSIQ,
DPS, EDU, EXPE, FIVE, FSLR, MAT, MCD, MYL, TMUS, VRX, ZAYO, DAL, NTES, SONC
At Support: SPY, QQQ, AIG, MS, ETFC,
SCHW, BAC, C, JPM, WFC, FAS, STI, ZION, TPX, V
Moves
New Highs: QIHU, RUN, DRI, SOHU,
H Breakout: CYBR
Support Break: HPQ
______________________
9 of 100 NDX stocks closed higher
and one was unchanged on Friday.
22 NDX stocks are
above their 30 DMA.
NDX Stocks to Watch on Monday:
Moving
Above 30 DMA
= 1
BMRN
Moving Below 30 DMA = 19
ADBE, AMGN,
AMZN, CELG, CERN, CTXS, EA, ESRX, FB, GOOG, INTC, KLAC, LRCX, MDLZ, MSFT, NFLX,
NXPI, PCLN, WBA
6-month Intermediate Term Market Trend:
Neutral
3-day Short Term Market Trend: Down
2 comments:
Do you have a list of all the symbols in the NDX index?
Dave:
Thanks much for your postings and especially the charts. They are very helpful.
Wishing you and yours a Wonderful Christmas and a Happy New Year.
Thanks
Robert
CANI_212
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