25,803 New Record as DJIA gains 228 points...Discretionary, Energy Lead Sectors...

After the Close Review of Friday’s market action…INDU, DIA, QQQ, SPY, IWM, $VIX, Z, AAPL, DIS, SWDP, MMM, NKE, V, ADSK and more great setups for Tuesday …8:45 pm PST

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Strong buying into the close, for the second week in a row on Friday, sent the broad indices into new all-time closing highs.  The DJIA closed at 25,803 a new all-time high and its seventh close above 25,000.

Record highs: BA, CAT, CSCO, CVX, HD, JNJ, JPM, UTX, V, AAL, ADBE, AMZN, ATVI, DLTR, JBHT, MAR, MELI, NFLX, PCAR, PYPL, ROST, TXN

Eight sectors were higher on Friday, led by discretionary XLY +1.29% and energy XLE +0.97%.

SPY up 1.80 at 277.92 on 90.8 million shares, 7% above average volume.  Up on higher volume.

VIX up .28 at 10.16

Oil up .85 to 64.40

TLT up .21 at 124.52…on 9.9 million shares, 2% above average volume.  Up on lower volume.

BA +2.47% and CSCO +1.92%, led the DJIA, 24 advancers.

VIAB +9.57%, FOSL +6.23%, and LOW +5.35%, led the SPX.

STX +4.60%, AAL +3.63, ADBE +3.24%, DLTR +3.13%, and XRAY +2.40%, led the NDX.

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

Up: DIA, QQQ, SPY, IWM

Down:

Breadth weakened on Friday, as advancers led 1,576 to 1,333 on the NYSE and led 1,740 to 1,144 on the NASDAQ.

The SPY MFC green line is in the upper zone at 97, bullish.

Uptrend sectors:  XLB, XLE, XLY, XLI, XLF, XLP, XLK, XLV,

Neutral sectors: XLRE,

Down trend sectors: XLU,

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past month and it is appropriate to wait for the uptrend to resume before considering entry… BA, CAT, MAR, V, CBOE, IBKR, TRU, WYN, MCD, WYNN, ADBE, PYPL, ANET, RNG, NVDA, ISRG, VRSN, CDNS, AA, WUBA, TAL, EDU, FCAU, LRCX, CC, WB, MU, LYV, FB, A, TTWO, AABA, BABA, CCL, RCL, SHOP, ATVI, SQ, RACE, ALGN,  

76 of 100 NDX stocks closed higher on Friday.

87 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3                            

CELG, VOD, WYNN

Moving Below 30 DMA = 1

FB,

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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