Higher Open Fills Gap as SPY, DIA, QQQ Close at Resistance BO Area...

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ULTA -99.72, -29.55% collapses after missing EPS by 4 cents ($2.34 million) at $2.76 and missing sales by $10 million at $1.67 billion.  Net result is a not so logical loss of $5.8 billion in market cap on Friday.  With 58.46 million shares, a relatively small outstanding, volume jumped to 16.1 million on Friday, from an average of 791K over the previous 30 days.  This is a classic liquidity squeeze as sellers overwhelmed buyers on volume of more than 20 times average.  At least 9 firms, including WFC, PJC, MS, CS, UBS, cut their price on ULTA.

The DJIA, closed up 41 points at 26,403, led by strength in UNH, MMM, BA and CAT.  Closing below 27,000 for the twentieth-second straight day.

Six of eleven sectors were higher on Friday, led by materials XLB +0.67% and industrial XLI +0.41%.

SPY down .13 at 292.45 on 63 million shares, 23% below average volume.  Down slightly on slightly higher volume.

VIX up 1.10 at 18.98

Oil down .05 at 55.11

TLT up .04 at 147.28 on 13.5 million shares. 

GLD down .37 at 143.75

WBA +1.57%, UNH +1.47%, led the DJIA, 19 advancers, -7

CPB +3.90%, DD +3.28% and LYB +2.72% led the SPX.

WDC +3.98%, DLTR +3.95%, WYNN +3.60% and MNST +1.84% led the NDX.

Long term up trend intact.  3-day short term trend is up.

Up: DIA,

Down: SPY, IWM, QQQ,

Breadth weakened on Friday, as advancers led 1,661 to 1,237 on the NYSE and led 1,578 to 1,478 on the NASDAQ

The SPY MFC green line is pointed up at 39 and is short-term bullish. 

Uptrend sectors: XLRE, XLU, XLP, XLY, XLK,

Neutral sectors:  XLC, XLV, XLI, XLF, XLB,

Down trend sectors: XLE,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

59 of 100 NDX stocks closed higher on Friday.

49 NDX stocks are above their 30 DMA:  SBUX, FISV, AMGN, CELG, KLAC, TTWO, VRSK, VRTX, NTES, SYMC, PEP, EA, SNPS, INTU, ADP, ATVI, BKNG, CHTR, COST, JBHT, MDLZ, CMCSA, CTAS, IDXX, JD, QCOM, AAPL, MYL, ORLY, SIRI, TXN, ASML, EBAY, FAST, GOOGL, LRCX, LULU, MSFT, MU, NVDA, NXPI, ROST, WDC, WLTW, AMAT, CSX, DLTR, ISRG, LBTYA,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 5

AMAT, CSX, DLTR, ISRG, LBTYA,

Moving Below 30 DMA = 2

AVGO, INCY,

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