© 2019
QQQ, SPY, DIA, IWM Bull Flag Bounce in
Rally Week 12…
(click image to
enlarge)
Setups
Horizontal
Breakout = MRK, JPM, SMH, IBM
(click
image to enlarge)
The DJIA, closed up 138 points at 25,848, led by strength in BA, MCD,
AAPL, MSFT and V.
Seven of eleven sectors were higher on Friday, led by technology XLK +1.21% and financial XLF +0.70%.
SPY up 1.39 at 281.31 after a 1.2131 dividend
on Friday, on 81.3 million shares, 8%
above average volume. Up on higher volume.
VIX down .62 at 12.88
Oil down .14 at 58.39
TLT up .80 at 121.75 on 4.3 million shares.
INTC +1.67%, BA +1.52%, led the DJIA, 23 advancers, +3
DLPH +4.16%, NTAP +3.53% and TXN +3.40%, led the SPX.
ULTA +8.29%, AVGO +8.24%, ASML +5.19%, and AMAT +3.75%, led the NDX.
Long term up
trend intact. 3-day short term trend is up.
Up: QQQ, DIA, SPY, IWM,
Down:
Breadth strengthened
on Friday, as advancers led 1,682 to 1,181 on the NYSE and
led 1,835 to 1,217 on the NASDAQ
The SPY MFC green line is pointed up in the upper zone, at 90 and is short-term bullish.
Uptrend sectors: XLRE, XLU, XLC, XLK, XLI, XLB,
Neutral sectors:
XLY, XLV, XLP, XLF, XLE,
Down trend sectors:
The 6-month intermediate
trend is down. The ten-day trend is sideways.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
81 of 100 NDX stocks closed higher on Friday.
78
NDX stocks are above their 30
DMA: ROST, CDNS, CTRP, PCAR, PYPL, TMUS,
XLNX, CTAS, MELI, ULTA, VRSN, INTU, ADI, KLAC, NXPI, SNPS, MDLZ, MNST, PAYX,
SWKS, WLTW, CSX, ALXN, GOOGL, VRSK, ADP, CHKP, CSCO, FISV, ASML, FOXA, CMCSA,
JD, MAR, AAPL, PEP, CHTR, INTC, MSFT, COST, HSIC, QCOM, XRAY, DLTR, EA, ILMN,
ISRG, ADBE, AMZN, CERN, INCY, NFLX, NVDA, SIRI, SYMC, TXN, ASML, FAST, NTAP,
SBUX, AMGN, ATVI, BMRN, IDXX, LBTYA, NTES, TTWO, VRTX, CELG, LRCX, ALGN, AMAT,
AVGO, BIDU, BIIB, CTSH, GILD, MAR,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 8
ALGN, AMAT, AVGO, BIDU, BIIB, CTSH, GILD,
MAR,
Moving Below 30 DMA = 2
EBAY, FB,
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