AAPL Inches to New All-time High, SPY Just Short of Record High...

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SPY followed through on Thursday’s bullish engulfing pattern with a higher close just 56 cents below its all-time closing high of 284.16 on Jan 26.  AAPL did make a new all-time closing high.

Nine sectors were higher on Friday, led by real estate XLRE +1.30% and staples XLP +1.17%.

The DJIA, closed up 136 points at 25,462, led by strength in IBM, MMM, TRV, DIS and UNH.  This is the sixteenth consecutive close above 25,000 since June 15.

SPY up 1.21 at 283.60, on 53.9 million shares, 18% below average volume. Up on lower volume.

VIX down .55 at 11.64.  VIX matches its lowest close since Jan. 29.

Oil down .31 at 68.68

TLT up .59 at 119.22 on 6.1 million shares. 

IBM +3.32%, PFE +2.24%, led the DJIA, 27 advancers, +14.

FLR +7.64%, MYL +5.28% and TRIP +4.08%, led the SPX.

DISH +14.53%, TTWO +8.98%, KHC +8.55%, and CERN +6.16%, led the NDX.

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

Up: DIA, SPY, QQQ

Down: IWM,

Breadth weakened on Friday, as advancers led 1,703 to 1,163 on the NYSE and decliners led 1,792 to 1,148 on the NASDAQ

The SPY MFC green line is in the upper zone pointed up at 82.7, bullish. 

Uptrend sectors:  XLV, XLP, XLY, XLK, XLU, XLRE,

Neutral sectors: XLE, XLB, XLF, XLI,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

61 of 100 NDX stocks closed higher on Friday.

70 NDX stocks are above their 30 DMA.  COST, AMGN, REGN, HAS, MDLZ, HOLX, HSIC, ISRG, AMZN, CTRP, GILD, IDXX, SHPG, BMRN, CELG, VRTX, CHKP, EXPE, BIIB, CA, CTAS, FB, GOOGL, MELI, ORLY, CTXS, MSFT, FAST, AAPL, DLTR, QCOM, WBA, ASML, PCAR, ROST, XLNX, CSX, XRAY, CERN, MAR, SBUX,  AMAT, CMCSA, LRCX, KLAC, MXIM, ILMN, VRSK, LBTYA, SNPS, ADBE, ALGN, CDNS, CSCO, MCHP, NVDA, PAYX, TMUS, TSLA, TXN, WDAY, AAL, CHTR, DISH, FISV, KHC, MYL, QRTEA, TTWO, VOD,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 9

AAL, CHTR, DISH, FISV, KHC, MYL, QRTEA, TTWO, VOD,

Moving Below 30 DMA = 2

JBHT, MNST,

Intermediate-term trending stocks: 

ADBE, ETFC, MA, V, ISRG, WIX, NDAQ, VRSN, COP, CRM, NTAP, RNG, SQ, ALGN, GRUB, AKAM, CDNS, FISV, BA, MU, CMA, HRS, SHOP, EL, NVDA, CME,

MAR, ANET, KORS, IBKR, RACE, WYNN, TAL, AA, WUBA, FCAU,

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