AVGO, SHOP, ANET, RACE, AMAT, MU each make new all-time
closing highs on Friday. XLB new all-time high close, shifts
from sideways to up trend.
SPY, DIA, QQQ, surge to new all-time closing highs
Eight sectors were positive, led by technology XLK and real estate XLE.
SPY up +0.81 at 244.17 on 88.6 million shares, 23% above average.
VIX falls -0.14 to 9.75.
Oil falls -0.29 to 47.74
TLT up +1.47 at 125.62…on 13.2 million shares, 88% above average.
MSFT +2.37% and BA +1.55% lead
the DJIA.
COO +8.43% following earnings, EQR +2.76% and PHM +2.73% led the SPX.
AVGO +8.50% following earnings, REGN +3.09%, VRTX +2.15% and CELG +1.99% led
the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
QQQ, IWM, SPY, DIA,
Down:
Uptrend
sectors: XLY, XLP,
XLV, XLI, XLU, XLK, XLRE, XLB
Breadth weakened as advancers led 1,706
to 1,205 on the NYSE and led 1,956 to 882 on the
NASDAQ.
The SPY MFC green
line is pointed
up at 96,
bullish.
Look for
a potential bounce in: ADSK, BIDU, JD, NVDA,
WB, CC, DDD, MOMO, BABA, KWEB,
(click image to enlarge)
One Day
Pullback: TSLA
Bounces included:
AAPL, ADBE, EBAY, FB, KLAC, LRCX, MNST, MSFT, MU, NTES, NFLX,
Break of
short-term support:
Potential
Breakouts include: AAPL, ADBE, EBAY, FB, YHOO, XLNX, HUN,
BBRY, ATVI, HD,
Breakouts:
AVGO, SHOP, ANET, TLT, KLAC, AAPL,
New Highs QQQ, SPY, DIA, XLY, AVGO, SHOP, ANET,
RACE, AMAT, MU, SBUX, MAR, HAS, MCHP, AMZN, KLAC, MCD, GOOGL, V, SWKS, PYPL,
EA, RCL, COST, WYN, CSX, UNH, SQ, WMT EXPE, WDC,
77 of 100 NDX stocks closed
higher on Friday.
75
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 4
AMGN, CA, INTC, ROST
Moving Below 30 DMA = 1
DLTR
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Up
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