DJIA 26,071, Rises on Strength in NKE, GS, HD, CAT and MMM...SPX, NDX and RUT make New All-time Closing High...

Dave is traveling on Friday and Saturday and will not post a video...Video will return Monday evening…

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The DJIA closed at 26,071, up 53 points on strength in NKE, GS, HD, CAT and MMM.  Weakness in IBM, AXP and BA kept the DJIA from making a new closing high.  Seventeen Dow stocks were higher.  Friday was just the third close above 26,000, and the eleventh close above 25,000.  The SPX, NDX and RUT each made a new all-time closing high on Friday.

Record highs: CSCO, DWDP, HD, JNJ, MCD, MMM, TRV, UNH, WMT, AAPL, ASML, ATVI, CTSH, GOOGL, IDXX, ISRG, KLAC, MAR, MCHP, MELI, NVDA, PCAR, PYPL, SNPS, VRSK,

Eight sectors were higher on Friday, led by staples XLK +1.12% and discretionary XLY +0.87%. 

SPY up 1.27 at 280.41 on 140.9 million shares, 67% above average volume.  Up on higher volume.

VIX down .96 at 11.27

Oil down .20 to 63.47

TLT down .65 at 123.06…on 11.3 million shares, 24% above average volume.  Down on higher volume.

NKE +4.84% and GS +2.05%, led the DJIA, 17 advancers.

FOSL +10.10%, MAT +5.98%, and HBI +5.45%, led the SPX.

ROST +2.58%, NVDA +2.53%, ORLY +2.51%, ADSK +2.43%, and SIR +2.38%, led the NDX.

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

Up: IWM, SPY, QQQ, DIA

Down:

Breadth strengthened on Friday, as advancers led 1,937 to 971 on the NYSE and led 2,113 to 808 on the NASDAQ.

The SPY MFC green line is in the upper zone at 95, 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,  

72 of 100 NDX stocks closed higher on Friday.

86 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 5                            

CHKP, FB, HAS, INTC, TMUS,

Moving Below 30 DMA = 2

BMRN, MU,

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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