IWM Posts Another All-time Closing High as AMAT, BIDU, STX and LRCX Weigh on NDX...

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Monthly expiration Friday produced a range day in DIA, SPY and QQQ, which closed slightly lower on Friday.   Each is a bounce setup for potential entry Monday.

IWM made another new all-time closing high, following the breakout of its 3 ½ month ascending triangle on Wednesday.  Intermediate term price target is the 176 area.

The DJIA, closed up 1 point at 24,715, led by strength in BA, CAT and HD, offset by weakness in GS, PM and CVX.

Five sectors were higher on Friday, led by industrial XLI +1.51% and healthcare XLV +0.39%.

SPY down .68 at 271.33 on 64.3 million shares, 17% below average volume. Down on higher volume.

VIX down .01 at 13.42

Oil down .11 to 71.48

TLT up 1.00 at 117.21 on 9.6 million shares.

BA +2.06%, CAT +1.31%, led the DJIA, 9 advancers.

NKTR +7.66%, DE +8.44% and IQV +3.88%, led the SPX.

IDXX +2.64%, PYPL +2.02%, MNST +1.85%, and ALGN +1.80%, led the NDX.

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

Up: IWM,

Down: SPY, DIA, SPY, QQQ

Breadth weakened on Friday, as advancers led 1,461 to 1,405 on the NYSE and led 1,437 to 1,427 on the NASDAQ.

The SPY MFC green line is in the upper zone and is at 87, bullish. 

Uptrend sectors:  XLE, XLK, XLRE,

Neutral sectors: XLF, XLY, XLV, XLI, XLB, XLU

Down trend sectors: XLP

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past two months and it is appropriate to wait for the uptrend to resume before entry… RACE, ADBE, IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA, WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP,

BA, MU, MAR, CMA, CME, ANET, HRS, KORS,

DLTR, WB, EL, TPR,

44 of 100 NDX stocks closed higher on Friday.

66 NDX stocks are above their 30 DMA.  

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 4

CMCSA, CTRP, IDXX, VRSK,

Moving Below 30 DMA = 6

AMAT, ASML, AVGO, LRCX, STX, WYNN

The 6-month intermediate and long-term trends are still up.  The three-month trend is sideways.  The ten-day trend is sideways.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Sideways

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