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SPY, DIA and IWM closed above horizontal resistance
while DIA tested Wednesday’s
breakout:
- SYMC +8.99% led the NDX on a positive EPS reaction,
- XOM, CVX and MRK rose on positive earnings reactions lifting the DJIA on Friday,
- AMZN -5.38%, -92.50 was the largest NDX decliner on a negative EPS reaction,
- Jobs Report for January non-farm payrolls was 304K vs 170K estimate.
The DJIA, closed up 64 points at 25,063, led by strength in V, CVX,
XOM, MRK and BA. CVX,
XOM, and MRK rose on a positive earnings reaction.
Six of eleven sectors were higher on Friday, led by energy XLE +1.84% and technology XLK +0.59%.
SPY up .13 at 270.06 on 85.7 million
shares, 30% below average volume. Up on lower volume.
VIX down .43 at 16.14
Oil up 1.35 at 55.37
TLT down 1.01 at 120.96 on 12.0 million shares.
V +3.81%, XOM +3.60%, led the DJIA, 17 advancers, -2
FMC +7.56%, AON +7.19% and ZBH +6.43%, led the SPX.
SYMC +8.99%, WDC +4.47%, MU +3.61%, and INTC3.42 +5.72% led the NDX.
Long term up
trend intact. 3-day short term trend is up.
Up: DIA, IWM, SPY,
Down: QQQ,
Breadth weakened
on Friday, as advancers led 1,663 to 1,244 on the NYSE and led 1,715 to 1,296 on the NASDAQ
The SPY
MFC green line is in the upper zone pointed up at 94 and is short-term
bullish.
Uptrend sectors:
Neutral sectors:
XLRE, XLU, XLB, XLY, XLC, XLV, XLI, XLK, XLF, XLP, XLE,
Down trend sectors:
The 6-month intermediate
trend is down. The ten-day trend is up.
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Up
69 of 100 NDX stocks closed higher on Friday.
92
NDX stocks are above their 30
DMA: DLTR, REGN, WDAY, XRAY, ROST, LULU,
CELG, INCY, NFLX, AMZN, BIIB, CDNS, CTRP, EA, EBAY, FB, GILD, PCAR, PYPL, TMUS,
VRTX, WYNN, XLNX, CTAS, MELI, TXN, ULTA, VRSN, ADBE, ADSK, BMRN, HAS, INTU,
MCHP, ADI, AMAT, AVGO, ISRG, KLAC, LRCX, NXPI, SNPS, FAST, JBHT, MDLZ, MNST,
PAYX, SWKS, WLTW, CSX, ALXN, CTSH, EXPE, GOOGL, IDXX, KHC, MXIM, NTAP, VRSK,
ALGN, ADP, CHKP, COST, CSCO, FISV, MU, SBUX, ASML, FOXA, LBTYA, BKNG, CERN,
CMCSA, JD, MAR, AAL, SYMC, UAL, WDC, BIDU, MYL, WBA, AAPL, AMD, NTES, ORLY, PEP,
CHTR, NVDA, TTWO, INTC, SIRI,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 2
INTC, SIRI,
Moving Below 30 DMA = 3
ATVI, HSIC, MSFT,
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