Stocks Fall as U.S. and China Announce Tariffs...

© 2018

IWM, CA, COST, EA, FISV, FOXA, IDXX, PAYX, and SIRI  made new highs.

Stocks open lower on Friday amid expected tariff announcements from U.S. and China, which did occur.  SPY and DIA form hammer and QQQ forms doji.

QQQ and IWM are in a one-day bull flag setup.

The DJIA, closed down 85 points at 25,090, above 25,000 for the eighth straight day, led by weakness in BA, CAT, CVX, AAPL and GS.

Four sectors were higher on Friday, led by staples XLP +1.28% and utilities XLU +0.71%.

SPY down 1.60 at 277.13 after a 1.245568 dividend, on 120.0 million shares, 72% above average volume. Down on higher volume.

VIX down .14 at 11.98

Oil down 2.62 at 64.38

TLT up .11 at 120.38 on 7.9 million shares.

PG +1.83%, NKE +1.53%, led the DJIA, 14 advancers.

DISCA +6.55%, HOG +3.94% and DVA +3.42%, led the SPX.

BMRN +8.47%, CTSH +2.74%, SIRI +2.71%, and EA +1.57%, led the NDX.

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

Up: IWM,

Down: QQQ, DIA, SPY

Breadth weakened on Friday, as decliners led 1,526 to 1,357 on the NYSE and advancers led 1,444 to 1,434 on the NASDAQ

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

49 of 100 NDX stocks closed higher on Friday.

82 NDX stocks are above their 30 DMA.  

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 1

MYL,

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

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Sideways

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