Good News is Bad, That's the Narrative on the Strong Jobs Report...

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The DJIA, closed down 43 points at 26,922, led by weakness in MMM, MCD, JNJ, MRK and PG.  Closing above 26,000 above for the nineteenth straight day.  

Four of eleven sectors were higher on Friday, led by financials XLF +0.28% and energy XLE +0.14%. 

SPY down .34 at 298.46 on 51.6 million shares, 24% below average volume.  Down on higher volume.

VIX up .71 at 13.28

Oil up .33 at 57.73

TLT down 1.78 at 132.43 on 12.1 million shares. 

GS +0.90%, UNH +0.73%, led the DJIA, 10 advancers, -16

FOSL +3.80%, SWN +3.51% and JEF +3.38%, led the SPX.

WDC +1.21%, AMD +0.99%, ROST +0.88% and GOOGL +0.86% led the NDX.

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 1,466 to 1,404 on the NYSE and advancers led 1,653 to 1,402 on the NASDAQ

The SPY MFC green line is pointed up in the upper zone at 96 and is short-term bullish. 

Uptrend sectors: XLP, XLY, XLK, XLB, XLRE, XLU, XLI, XLC, XLV, XLF,

Neutral sectors:  XLE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

30 of 100 NDX stocks closed higher on Friday.

94 NDX stocks are above their 30 DMA:  PEP, CERN, CTAS, CHTR, IDXX, XRAY, TTWO, MELI, MDLZ, WLTW, AMGN, COST, HAS, ILMN, SBUX, VRSN, EXPE, FISV, INTU, PCAR, PYPL, SNPS, LBTYA, MSFT, MXIM, ROST, BKNG, CTSH, EBAY, GILD, ISRG, MAR, AAPL, ADI, AMZN, CDNS, DLTR, INTC, WBA, CTXS, UAL, AAL, ATVI, LULU, SIRI, FB, TSLA, VRTX, ADBE, BIIB, INCY, SYMC, AMAT, ASML, AVGO, FAST, JD, KLAC, MCHP, NFLX, NVDA, NXPI, SWKS, TXN, WYNN, XLNX, ALXN, KHC, MNST, QCOM, WDC, MYL, AMD, CTRP, MU, ADP, BIDU, CHKP, FOXA, JBHT, LRCX, VRSK, CSX, ADSK, CMCSA, GOOGL, NTAP, NTES, WDAY, CSCO, ORLY, ADP, HSIC, TMUS, ULTA,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 3

BMRN, EA, REGN,

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