Late Rally Leads QQQ, IWM, SPY to Highest Monthly Close...

© 2018

SPY, DIA and IWM formed a bull flag price with a neutral spinning top following an afternoon rally reversing an early pullback.  Be prepared for a potential bounce entry on Tuesday.  Enjoy the Labor Day Weekend.  

SQ, AAPL, AMZN, and MSFT hit new highs on Friday. 

Four sectors were higher on Friday, led by discretionary XLY +0.39% and real estate XLV +0.39%.

The DJIA, closed down 22 points at 25,964.  This is the thirtieth sixth consecutive close above 25,000 since June 15.

SPY up .01 at 290.31, on 66.1 million shares, 12% above average volume. Up slightly on higher volume.

VIX down .67 at 12.86 

Oil down .17 at 69.88

TLT down .29 at 120.99 on 9.6 million shares. 

CSCO +1.31%, NKE +1.23%, led the DJIA, 15 advancers, -3.

DVA +4.18%, NRG +2.14% and TSCO +2.07%, led the SPX.
ULTA +6.38%, QRTEA +3.18%, ORLY +1.79%, and NTES +1.71%, led the NDX.

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

Up: IWM, QQQ, SPY,

Down: DIA,

Breadth strengthened on Friday, as advancers led 1,533 to 1,314 on the NYSE and led 1,751 to 1,164 on the NASDAQ

The SPY MFC green line is in the upper zone at 94 bullish. 

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

Neutral sectors: XLE, XLB,

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 up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

60 of 100 NDX stocks closed higher on Friday.

65 NDX stocks are above their 30 DMA.  COST, AMGN, ISRG, AMZN, CELG, CHKP, CA, CTAS, ORLY, CTXS, FAST, AAPL, QCOM, WBA, PCAR, ROST, XLNX, CSX, CERN, SBUX, CMCSA, KLAC, ILMN, VRSK, SNPS, CSCO, PAYX, TMUS, WDAY, DISH, FISV, ADP, TTWO, ESRX, MYL, INCY, REGN, AAL, ADSK, CDNS, NVDA, ADBE, ADI, IDXX, MSFT, PYPL, INTU, ALGN, CHTR, EBAY, NFLX, SHPG, TXN, VRTX, SIRI, SYMC, AVGO, MNST, ULTA, BIIB, MAR, MU, CTSH, FOXA, MDLZ,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

CTSH, FOXA, MDLZ,

Moving Below 30 DMA = 5

ATVI, EXPE, GILD, GOOGL, HAS,

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,

Add Comments here