SPY Forms Hammer/ Bullish Harami as Buyers Return on Friday...

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The DJIA, closed up 287 points at 25,339, led by strength in AAPL, V, MSFT, HD and WBA.  This is the sixty-fifth consecutive close above 25,000 since June 15.

Nine of eleven sectors were higher, led by technology XLK +3.21% and communications XLC +2.23%.

SPY up 3.78 at 275.95, on 183.18 million shares, 243% above average volume. Up on lower volume.

VIX down 3.67 at 21.31 

Oil up .52 at 71.51

TLT down .40 at 114.47 on 6.7 million shares. 

V +4.73%, WBA +3.67%, led the DJIA, 26 advancers, +26.

INTU +5.55%, ATVI +5.51% and HPE +5.40%, led the SPX.

CTRP +9.96%, NFLX +5.75%, ADSK +5.57%, and TTWO +5.55%, led the NDX.

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

Up: QQQ, SPY, DIA, IWM,

Down:

Breadth strengthened on Friday, as advancers led 1,692 to 1,258 on the NYSE and decliners led 1,845 to 1,182 on the NASDAQ

The SPY MFC green line is pointed down at 18 is short-term bearish.

Uptrend sectors:   XLU, XLV,

Neutral sectors:  XLE, XLP, XLK, XLY, XLI, XLF,

Down trend sectors: XLRE, XLC, XLB,

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

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Down

92 of 100 NDX stocks closed higher on Friday.

8 NDX stocks are above their 30 DMA.  ESRX, NTES, BMRN, CTRP, FOXA, SBUX, TMUS, WBA,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 6

BMRN, CTRP, FOXA, SBUX, TMUS, WBA,

Moving Below 30 DMA = 0

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