Friday, January 3, 2020

SPX Lower Open After Drone Strike, SPX 3,222 Support...


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Two of eleven sectors were higher on Friday, led by XLRE, XLU and XLP.

SPY down 2.46 at 322.41 on 77.7 million shares, above average volume.  Down on higher volume.
VIX up 1.55 at 14.02

UTX, WBA, BA led the DJIA, 1 advancer, -23
LW, LB, NOC led the SPX, 143 advancers
TSLA, VRSN, VRSK, CSGP led the NDX, 21 advancers

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

Up:   
Down: IWM, SPY, DIA, QQQ,

Breadth weakened on Friday as decliners led 1,544 to 1,387 on the NYSE and led 2,069 to 1,155 on the NASDAQ

The SPX MFC green line is above 80 and pointed down at 90 and is counter-trend defensive. 

Uptrend sectors XLK, XLV, XLC, XLB, XLY, XLP, XLF, XLI, XLU,
Neutral sectors:  XLE, 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 TrendSideways

21 of 100 NDX stocks closed higher on Friday.

78 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMGN, SIRI, AMD, ISRG, FOXA, MAR, BMRN, MSFT, ADBE, ADSK, EA, LULU, MNST, WLTW, CERN, SBUX, MDLZ, VRSK, GOOGL, ADI, ASML, MCHP, NXPI, TXN, ATVI, JD, NVDA, TSLA, ULTA, VRSN, EXPE, MU, AMAT, BIDU, BKNG, CSX, FAST, LRCX, MXIM, PYPL, QCOM, WDC, XLNX, CTAS, EBAY, KLAC, TCOM, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB, NFLX, ALGN, SNPS, ADP, CHTR, IDXX, INTC,  ROST, CMCSA, ANSS, CDW, CPRT, CSGP, SPLK, TMUS, NTAP, NTES, CTXS, MELI, WBA, WDAY,


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

Moving Below 30 DMA = 9
AAL, AVGO, ILMN, KHC, LBTYA, PAYX, PCAR, REGN, UAL,


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