NKE Jumps Higher after EPS Leads DJIA, SPX…Markets Slightly Higher on Friday…QQQ +16.17% Leads YTD…Markets Close Early on Monday 1 pm ET…

YTD Leaders as of 6/30/2017 (6 months)

QQQ +16.17%, SPY +8.17%, DIA +7.96%, IWM +4.5%

Sectors – XLV +14.94%, XLK +1.315%, XLY +10.11%

DJIA – BA +27.02%, MCD +25.83%, AAPL +24.35%, V +20.52%, MMM +16.59%

SPX – ALGN +56.16%, CNC +41.36%, BCR +40.71%, MTD +40.61%, NRG 40.46%

NDX – VRTX +74.93%, TSLA +69.22%, MELI +60.68%, ATVI +59.43%, WYNN +55.03%

SPY bounces to close above channel support. 

DIA bounces forms bullish harami/inverted hammer in its bull flag pattern.

QQQ holds support in its MACD bullish divergence setup.

IWM pulls back to Wednesday’s S2 in its horizontal resistance breakout setup looking like ascending triangle.

Five sectors were positive, led by industrial XLI and materials XLB.

SPY up .45 at 241.80 on 86.8 million shares, 23% above average. 

VIX down .26 to 11.18.

Oil up 1.46 to 46.33

TLT down .29 at 125.12…on 10.1 million shares, 39% above average.

NKE +10.96% after earnings and CAT +1.73% led the DJIA.

PWR +3.26%, URI +2.74% and BWA +2.72% led the SPX.

MAT +3.16%, FAST +2.35%, TSCO +2.13% and AAL +1.41% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is neutral.

Up: DIA, SPY, QQQ

Down: IWM,

Uptrend sectors:  XLV, XLF, XLI, XLRE, XLB, XLY, XLK, XLU,

Neutral sectors: XLP

Down trend sectors: XLE

Breadth strengthened as advancers led 1,780 to 1,108 on the NYSE and led 1,463 to 1,375 on the NASDAQ.

The SPY MFC green line is pointed down at 76, defensive.

Look for a potential bounce in: DIA, ADBE, IWM, PYPL, WDC, AABA, SQ, ANET, ATVI, WYNN, AMZN, JD, XLNX, KWEB, SHOP, TLT, MOMO, WYN, MMM, MCD, RCL, EXPE, AMD, BBRY, FB, RACE, V,

At support: SPY, QQQ, XLY, MAR, EA, NVDA, NFLX, MNST, GOOGL, ADSK, AVGO, AAPL, TSLA,

One Day Pullback: C, BAC, WFC, SCHW, MS,

Bounces included: CC, HUN,

Potential Breakouts include: CC, HUN, BBY, TAL, BABA, BIDU, WMT,

Breakouts: CSX, ETFC,

Break of short-term support: DDD, WB, LRCX, KLAC, AMAT, MCHP, SWKS,

Bear flag: COST,

New Highs:

56 of 100 NDX stocks closed higher on Friday.

36 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 4

BMRN, CERN, EBAY, FAST

Moving Below 30 DMA = 3

INCY, MU, WDC,

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral

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