© 2019
The SPX and NDX both closed slightly
higher for another all-time closing high after a Phase One US-China trade deal
was verified on Friday. The SPX traded
in a tight range on Friday, for the fourth time this week as markets seemed unclear
on specifics.
Five of eleven sectors were higher on Friday, led by XLU, XLK and XLP.
SPY up .23 at 317.32 on 81.5 million shares, above average volume. Up on lower volume.
VIX down 1.31 at 12.63
TLT up 1.59 at 139.04 on 11.3 million shares
AXP, V, AAPL led the DJIA, 16 advancers, -11
PPL, CNP, SBAC led the SPX, 213 advancers
ADBE, INTU, PYPL, LBTYA led the NDX, 53
advancers
Long term up
trend intact. 3-day short term trend is up.
Up: QQQ, SPY,
DIA,
Down: IWM,
Breadth weakened
on Friday as advancers led 1,513 to 1,410 on the NYSE and
decliners led 1,657 to 1,533 on the NASDAQ
The SPX
MFC green line is above 80 and is flat at 90 and is short-term
bullish.
Uptrend sectors: XLK, XLV, XLC, XLP, XLF, XLI, XLB,
Neutral sectors:
XLY, XLE, XLU, XLRE,
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
53 of 100 NDX stocks
closed higher on Friday.
81 NDX stocks are above their 30 DMA: AAPL, SWKS, ISRG,
AMGN, REGN, FAST, NTES, PCAR, SIRI, AMD, INCY, VRTX, ISRG, WBA, FOXA, MAR,
AVGO, BMRN, MSFT, ADBE, ADSK, EA, FISV, LULU, MNST, WLTW, MELI, CERN,
ILMN, GILD, ROST, SBUX, HAS, MDLZ, MYL, PEP, VRSK, KHC, GOOGL, ADI,
ASML, MCHP, NTAP, NXPI, TXN, XEL, ATVI, JD, NVDA, TSLA, ULTA, VRSN, EXPE,
MU, ORLY, TTWO, AMAT,
BIDU, BKNG, CSX, FAST, LRCX, MXIM, PYPL, QCOM, WDC, XLNX, BIIB, CTAS, EBAY,
KLAC, PAYX, TCOM, WYNN, ADP, CDNS, CHTR, INTC, INTU, XEL,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 6
ADP,
CDNS, CHTR, INTC, INTU, XEL,
Moving Below 30 DMA = 4
ALGN,
ALXN, HSIC, KHC,
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