SPX, SPY, IWM New All-time Closing High...QQQ Rebounds Led by AMAT, MU...

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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…

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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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