Friday, November 24, 2017

SPX Closes Above 2.600 Record High on Light Volume on Friday's Half-day Trading...AMZN Leads NDX...




Share Comments in the section below or email us at chartsignals@yahoo.com



Daily videos return Monday...please enjoy the Thanksgiving Holiday weekend...



Seven sectors were higher and one was unchanged on Friday, led by technology XLK +0.56% and materials XLB +0.51%.

SPX 2602.42 a new all-time closing high and first close ever over 2,600.

SPY up .60 at 260.36 on 27.7 million shares in Friday’s half trading day following Thanksgiving holiday, 54% below average volume.  Up on lower volume.
VIX down .21 at 9.67
Oil up .91 to 58.97, new 52-week high
TLT down .35 to at 126.80…on 2.8 million shares, 58% below average volume.  Down on lower volume.


V +1.04%, and DWDP +0.79%, led the DJIA, 21 advancers.
DVA +3.18%, TDG +2.48% and HES +2.19% led the SPX.
AMZN +2.58%, AVGO +2.55%, MELI +2.06%, INTU +1.50%, and ATVI +1.37%, led the NDX.

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

Up: QQQ, SPY, DIA, IWM,
Down:

Breadth was steady on Friday as advancers led 1,708 to 1,061 on the NYSE and led 1,477 to 1,298 on the NASDAQ.

The SPY MFC green line in the upper zone at 88 bullish.

Uptrend sectorsXLY, XLK, XLRE, XLF, XLU, XLE, XLB,
Neutral sectors: XLP, XLV, XLI,
Down trend sectors:

Intermediate-term trending stocks:  LRCX, ADBE, PYPL, ALGN, NVDA, BA, SQ, V, MCD, CAT, MU, CC, TRU, FB, A, ISRG, AA, CBOE, TTWO, AABA, BABA, FCAU, CDNS, ANET, WYNN, RACE, RNG, WUBA, TAL, CCL, RCL, LYV, EDU, SHOP, ATVI, WB


47 of 100 NDX stocks closed higher on Friday.

62 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 5
BIDU, FISV, NCLH, SWKS, XLNX

Moving Below 30 DMA = 1
NFLX,


The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up



Add Comments here

No comments: