After the Close Review
of Friday’s higher low and the potential for a bounce next week…QQQ, SPY, DIA, IWM, TLT, VIX, AAPL, AMZN,
FB, GOOGL, MSFT, 11 GREAT bull flag setups and four breakout setups…
Three sectors were higher on Friday, led by staples XLP +1.02% and
discretionary XLY +0.34%.
SPY down .08 at 258.09 on 60.0 million shares, average volume. Down on lower volume.
VIX up .79 at 11.29
Oil down .13 to 56.90
TLT down 1.90 at 124.10…on
10.9 million shares, 53% above average. Down on higher volume.
GE +2.50%, and DIS +2.05%, led
the DJIA, 8 advancers.
FOSL +16.20%, NWSA
+5.15% and
MAT +4.95% led the SPX.
NVDA +5.27%, MNST
+4.23%, HAS +3.11%,
MU +2.94%, and EXPE +2.92%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is down.
Up:
Down:
QQQ, SPY, IWM, DIA,
Breadth strengthened
on Friday as decliners led 1,628 to 1,243 on the NYSE and advancers led 1,472 to 1,384 on the NASDAQ.
The SPY MFC green
line is in
upper zone at 92 bullish.
Uptrend
sectors: XLRE,
XLU, XLK, XLY, XLE, XLF, XLB, XLI,
Neutral
sectors: XLV,
Down
trend sectors: XLP,
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, ANET, WYNN,
RACE, RNG, WUBA, TAL, CCL, RCL, LYV, EDU, SHOP, ATVI, WB
53 of 100 NDX stocks closed
higher and one was unchanged on Friday.
54
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 2
CMCSA, CTSH,
Moving Below 30 DMA = 2
ESRX, NCLH,
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Down
Add Comments here
1 comment:
Dave: This Bull Market is absolutely amazing. Thanks for your excellent teaching. Another Great Video.
Post a Comment