© 2018
Friday was another range bound day following a new report of
additional tariffs on China.
QQQ and IWM have
bounced and watch for potential bounce continuation on Monday, while SPY and DIA are in a HBO setup.
AMD, AXP, MSFT, NKE, QCOM and V hit new highs on Friday.
Three sectors were higher, led by energy XLE +0.53% and
industrials XLI
+0.50%.
The DJIA, closed up 8 points at 26,154 led by strength in BA, UTX and TRV. This is the forty-fifth consecutive close
above 25,000
since June 15 and the second close above 26,000 since Feb 1.
SPY up .05 at 290.88, on 55.0 million shares, 4% below average volume. Up on higher volume.
VIX down .30 at 12.07
Oil up .17 at 68.98
TLT down .57 at 118.55 on 5.5 million shares.
UTX +1.68%, BA
+1.22%, led the DJIA, 14 advancers, -9.
AMD +7.35%, LB
+5.58% and
DLPH +3.83%, led the SPX.
QRTEA +3.12%, SHPG
+2.79%, ALGN +2.77%,
and ADBE +2.30%, led
the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up: IWM, DIA, SPY
Down:
QQQ,
Breadth weakened
slightly on Friday, as advancers led 1,455 to 1,378 on the
NYSE and led 1,557 to
1,349 on
the NASDAQ
The SPY MFC green
line moved into
the upper zone at 82 bullish.
Uptrend
sectors: XLU, XLV,
XLP, XLY, XLK, XLRE, XLI,
Neutral
sectors: XLF, 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
sideways.
3-month Intermediate Term
Market Trend: Up
3-day Short Term Market Trend: Up
50 of 100
NDX stocks closed higher on Friday.
57
NDX stocks are above their 30
DMA. COST,
AMGN, ISRG, AMZN, CHKP, CA, CTAS, ORLY, AAPL, QCOM, PCAR, ROST, XLNX, SBUX,
CMCSA, ILMN, VRSK, SNPS, CSCO, PAYX, WDAY, DISH, FISV, ADP, TTWO, ESRX, REGN,
ADSK, NVDA, ADBE, PYPL, INTU, ALGN, CHTR, VRTX, SIRI, SYMC, AVGO, ULTA, MAR,
HAS, HSIC, WBA, ATVI, NFLX, AAL, MDLZ, MSFT, TMUS, CTXS, IDXX, LBTYA, SHPG, CDNS,
CTSH, QRTEA, HOLX,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 1
HOLX,
Moving Below 30 DMA = 5
BIDU, CERN, EBAY, FAST, KHC,
Intermediate-term trending stocks:
ADBE,
COST, DG, AAPL, AMZN, MA, V, AET, ISRG, PAYX, VRSN, COP, CRM, NTAP, RNG, SQ,
UNH, NVDA, ALGN, CHGG, GRUB, TWLO, W, CDNS, PAYC, FISV, NDAQ, LPSN, PSTG, ZUMZ,
WIX, SHAK, ETFC, EL, CME, KORS, A, WUBA,
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