AAPL Leads DJIA and NDX Lower on Friday as Three Day Rally Pauses...

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NXPI will replace CA in the Nasdaq 100, Monday Nov. 5 before the open.

Earnings season continued on Thursday. Positive reactions included EXEL, NWL, SBUX, ITT, CZR, ANET, ARW, VST, SYMC and MELI.  Negative reactions: OLED, FTNT, KHC, ALKS, NFG, AAPL

The DJIA, closed down 109 points at 25,270, led by weakness in AAPL, BA, IBM INTC and V.  This is the third close above 25,000 in five days.

One of eleven sectors was higher on Friday, led by discretionary XLY +0.41% and financial XLF -0.08%.

SPY down 1.62 at 271.89, on 122.6 million shares, 3% above average volume. Down on higher volume.

VIX up .17 at 19.51 

Oil down .68 at 62.86

TLT down 1.41 at 112.00 on 11.3 million shares. 

CVX +3.20%, XOM +1.59%, led the DJIA, 12 advancers, -9.

VRSN +17.20%, NWL +14.74%and ANET +6.98%, led the SPX.

SBUX +9.70%, ILMN +4.91%, SYMC +4.11%, and MELI +3.73% led the NDX.

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

Up: IWM,

Down: DIA, SPY, QQQ

Breadth weakened on Friday, as decliners led 1,663 to 1,248 on the NYSE and advancers led 1,565 to 1,452 on the NASDAQ

The SPY MFC green line is pointed up at 29 and is short-term bullish.

Uptrend sectors:   XLU, XLP,

Neutral sectors:  XLV, XLRE,

Down trend sectors: XLK, XLY, XLI, XLF, XLE, XLC, XLB,

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

28 of 100 NDX stocks closed higher on Friday.

35 NDX stocks are above their 30 DMA.  SBUX, WBA, CDNS, TSLA, PEP, XLNX, CA, ROST, CMCSA, DLTR, ESRX, EXPE, INTC, QRTEA, SHPG, CHTR, COST, MELI, TMUS, TTWO, AAL, ADI, BKNG, FOXA, INCY, JD, LRCX, MAR, MDLZ, NTES, CTRP, ILMN, SIRI, STX, ULTA,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 5

CTRP, ILMN, SIRI, STX, ULTA,

Moving Below 30 DMA = 7

AAPL, HSIC, KHC, MXIM, PYPL, SWKS, WDAY,

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