Oh What Week...Early January, Back in 18...What a Very Special Time for Us as We Remember...What a Week...

After the Close Review of Friday’s market action…DJIA, NDX, SPX, RUT, DIA, QQQ. SPY, IWM, XLB, XLE, XLK, XLY, XLV, XLI, XLF weekly charts, AXP, BA, CAT, DWDP, HD, MSFT, UTX, V, WMT and more setups …11:50 pm PST

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Strong buying into the close (opposite of last Friday) sent the broad indices into new all-time closing highs.  The DJIA closed at 25,295 a new all-time high and its second close above 25,000.

Record highs: AXP, BA, CAT, DWDP, HD, MSFT, UTX, V, WMT,

Eight sectors were higher on Friday, led by technology XLK +1.05% and healthcare XLV +0.85%.

SPY up 1.81 at 273.42 on 83.5 million shares, 1% above average volume.  Up on higher volume.

VIX no change at 9.22

Oil down .30 to 61.59

TLT down .36 at 125.71…on 10.9 million shares, 8% above average volume.  Down on higher volume.

BA +4.10% and V +2.39%, led the DJIA, 21 advancers.

WU +5.91%, CVS +4.42%, and KMX +4.09%, led the SPX.

XLNX +5.19%, EA +4.85%, JD +4.51%, ALGN +3.33%, and EBAY +2.90%, led the NDX.

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

Up: QQQ, DIA, SPY, IWM,

Down:  

Breadth was steady on Friday, as advancers led 1,743 to 1,141 on the NYSE and led 1,704 to 1,174 on the NASDAQ.

The SPY MFC green line is in the upper zone at 96, 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… CAT, MAR, V, BA, WYNN, IBKR, TRU, CBOE, VRSN, WYN, MCD, AA, TAL, FCAU, CCL, RCL, CC, EDU, ADBE, PYPL, MU, LYV, FB, A, ISRG, TTWO, AABA, BABA, CDNS, ANET, RNG, WUBA, SHOP, ATVI, NVDA, SQ, RACE, ALGN,  WB, LRCX,

63 of 100 NDX stocks closed higher on Friday.

92 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 8                            

ALGN, CERN, ISRG, LVNTA, MDLZ, NTES, SNPS, WBA,

Moving Below 30 DMA = 2

CELG, CHKP,

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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