After the Close Review of this week’s
action…IWM, SPY, QQQ, DIA, weekly
charts, TLT, VIX, XLE, XLF, XLK, XLB,
XLRE, IYR, XLI, XLV, XLP, XLY, XLU, AMAT, BAC, CSX, GPRO, RCL, UNH, ATVI, QQQ,
ADBE, ADSK, CCL, FB, MSFT, NVDA, V, EA, SYMC, AAPL, AAL, STT, MS, TSCO, MAR,
GS, XOM, INTC, AXP, HD, AAPL, GPC, DHI, TSN, NRG, MKC, AMAT, MU, MAT, ROST,
CTAS, KLAC…
Six sectors were higher and one was unchanged on Friday,
led by technology XLK +0.68% and healthcare
XLV +0.59%.
SPY up .88 at 251.23 on 85.5 million shares, 30% above average. Up on higher
volume.
VIX down .04 at 9.51
Oil up .05 to 51.64
TLT up .28 at 124.76…on
11.2 million shares, 35% above average. Up on higher volume.
CSCO +0.84%, and MSFT +0.84%, led
the DJIA, 18 advancers.
TSN +7.64%, ALB
+3.02% and
APH +2.87% led the SPX.
MU +3.61%, INCY
+3.18%, WYNN +3.14%,
MAT +3.13%, and AMAT +2.90%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
QQQ, SPY, IWM, DIA,
Down:
Breadth strengthened
on Friday as advancers led 1,768 to
1,139 on
the NYSE and led 1,663 to 1,220 on the NASDAQ.
The SPY MFC green
line is in
upper zone at 93, bullish.
Uptrend
sectors: XLI,
XLF, XLB, XLK, XLV, XLE,
Neutral
sectors: XLY, XLP, XLRE, XLU,
Down
trend sectors:
Intermediate-term trending stocks: MU, LRCX, CBOE, TAL, TTWO, LYV, FCAU, AA,
EDU, PYPL, ANET, V, ALGN, BA, WYNN, A, ISRG, SQ, CC, SHOP, TRU, MCD, WB, NVDA,
AABA, BABA, ATVI, FB, EA, RACE, WUBA, ADBE, CCL, RCL,
78 of 100 NDX stocks closed
higher and one was unchanged on Friday.
59
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 4
ATVI, FB, LBTYA, SHPG
Moving Below 30 DMA = 1
SBUX,
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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