© 2018
The DJIA rose 347 points to 25,309 was led by strength in GS, CAT, UNH, AAPL, HD, CVX, V, MCD, IBM,
JPM, and MSFT. The DJIA closed above 25,000 for the twenty-fourth
time this year.
Ten sectors were higher on Friday, led by utilities XLU +1.14%, and energy XLE +2.17%.
SPY up 4.31 at 274.71 on 92.7 million shares, 31%
below average volume.
Up on lower volume.
VIX down 2.23 at 16.49
Oil up .92 to 63.57
TLT up 1.04 at 118.13 on 9.0 million shares, 26% below
average volume. Up on lower volume.
INTC +4.21%, and MSFT +2.54%, led
the DJIA, 28 advancers.
HPE +10.54%, JWN
+6.54%, and
AAP +5.28%, led the SPX.
VRTX +5.27%, MU
+5.15%, MELI +4.81%,
WDC +4.22% and ALXN +3.79% led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up: QQQ, SPY, DIA, IWM
Down:
Breadth strengthened
on Friday, as advancers led 2,404
to 529 on the NYSE and led 2,156 to
734 on
the NASDAQ.
The SPY MFC green
line turned at 56, bullish.
Uptrend
sectors: XLK, XLY,
Neutral
sectors: XLF, XLV, XLI, XLE, XLB,
Down
trend sectors: XLP, XLRE, 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… IBKR, ADBE, TAL, EA, EBAY, SHOP, LYV,
SQ, RACE, BA, NVDA, VRSN, ATVI, WB, RNG, V, CAT, MAR, ALGN, CCL, RCL, TRU, WYN,
PYPL, A, AABA, BABA, FCAU, FB, ANET,
CBOE, TTWO, WYNN, ISRG, AA, WUBA, EDU, CC, MU,
97 of 100 NDX stocks closed
higher on Friday.
59
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 23
ADI, ADP, ADSK, AMGN, ASML,
ATVI, AVGO, COST, CSX, FAST, FB, GOOGL, ILMN, ISRG, JBHT, LRCX, MAR, MNST,
PCLN, PYPL, STX, SYMC, VRTX,
Moving Below 30 DMA = 0
The
intermediate and long-term trends are still up. The two-month trend is sideways. The seven-day trend is sideways.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market Trend: Up
1 comment:
Dave I appreciate all your analysis and wisdom.
I find them extremely helpful.
TY.
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