Friday, August 9, 2019


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AMGN +5.95%, NTES +2.05%, MYL +2.04% and AVGO +1.75% led the NDX.

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

Up:  
Down: DIA, SPY, QQQ, IWM,

Breadth weakened on Friday, as decliners led 1,923 to 980 on the NYSE and led 2,060 to 1,011 on the NASDAQ

The SPY MFC green line is pointed up at 35 and is short-term bullish

Uptrend sectorsXLP, XLY, XLK, XLB, XLRE, XLU,
Neutral sectors:  XLC, XLF, XLI, XLV,
Down trend sectors: XLE,

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

3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendUp


20 of 100 NDX stocks closed higher on Friday.

31 NDX stocks are above their 30 DMA:  CTAS, IDXX, HAS, SBUX, FISV, SIRI, AVGO, WDC, GOOGL, JBHT, AMGN, CELG, KLAC, NXPI, TTWO, TXN, VRSK, ATVI, ROST, ADP, AMD, BKNG, EBAY, INTU, MDLZ, MELI, MSFT, SYMC, VRTX, WLTW,

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 1
MYL,

Moving Below 30 DMA = 10
AMAT, ASML, BIIB, COST, EA, LRCX, LULU, PAYX, REGN, ULTA,

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