© 2018
COST, MCHP, ORLY and VRSK made new highs.
The DJIA, closed up 75 points at 25,316, above 25,000 for the third straight
day, led by strength in HD, UNH, TRV,
MMM, DIS and PG.
Seven sectors were higher on Friday, led by staples XLP +1.23% and
healthcare XLV +0.58%.
SPY up .82 at 278.19 on 72.1 million shares, 3%
above average volume. Up on similar volume.
VIX up .05 at 12.18
Oil down .39 to 65.56
TLT down.36 at 119.89 on
6.7 million shares.
PG +1.87%, DIS
+1.47%, led the DJIA, 21 advancers.
AGN +4.34%, DHI
+4.12% and
PHM +3.86%, led the SPX.
MNST +5.02%, VRTX
+3.29%, MU +2.95%,
and ALGN +2.17%, led
the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up: IWM, SPY, DIA, QQQ
Down:
Breadth strengthened
on Friday, as advancers led 1,702
to 1,188 on the NYSE and led 1,480 to
1,401 on
the NASDAQ
The SPY MFC green
line is in the
upper zone and is at 97.9, bullish.
Uptrend
sectors: XLY,
XLK, XLRE, XLE,
Neutral
sectors: XLF, XLV, XLI, XLB, XLU
Down
trend sectors: XLP
Intermediate-term trending stocks:
RACE, ADBE,
IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA,
WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP, EL
BA, MU,
MAR, CMA, CME, ANET, HRS, KORS,
DLTR, WB,
TPR,
57 of 100
NDX stocks closed higher on Friday.
75
NDX stocks are above their 30
DMA.
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 2
AAL, ALXN,
The
6-month intermediate and long-term trends are still up. The three-month trend
is sideways. The ten-day trend.
3-month Intermediate Term
Market Trend: Sideways
3-day Short Term Market Trend: Up
1 comment:
Hi Dave, although I am a iBB subscriber I also check CS a couple of times of week. Thank you for keeping CS alive and well. I suspect you are giving your readers a test with the following line appearing for quite a few days now.
The 6-month intermediate and long-term trends are still up. The three-month trend is sideways. The ten-day trend.
Let this be proof that I did read it. Or maybe you just want to keep us guessing on the 10 day trend.
Stay healthy young man, both my wallet and I appreciate your work.
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