© 2020
Three of eleven sectors were higher on Friday, led by XLRE, XLU and XLV.
SPY down .94 at 325.71 on 53.0 million shares, below average
volume. Down on higher volume.
VIX up .02 at 12.56
PFE, KO, UNH led the DJIA, 8 advancers, -12
LEN, TSN, ABMD led the SPX, 190 advancers
MELI, BIDU, CSGP, ISRG led the NDX, 38 advancers
Long term up
trend intact. 3-day short term trend is up.
Up:
Down: QQQ, SPY, IWM, DIA,
Breadth weakened
on Friday as decliners led 1,563 to 1,364 on the NYSE
and led 1,834 to 1,388 on the NASDAQ
The SPX
MFC green line is above 80 and is flat at 93 and is short-term bullish.
Uptrend sectors: XLC, XLK, XLI, XLY, XLF, XLV, XLU,
XLB, XLP,
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 Trend: Up
38 of 100 NDX stocks
closed higher on Friday.
81 NDX stocks are above their 30 DMA: AAPL, SWKS, AMGN,
AMD, FOXA, 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,
LRCX, MXIM, PYPL, QCOM, WDC, XLNX, CTAS, EBAY, KLAC, TCOM, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB,
NFLX, ALGN, SNPS, CHTR, IDXX, INTC, ROST, CMCSA, ANSS, CDW, CPRT, CSGP, SPLK,
TMUS, NTES, CTXS, MELI, WDAY, FISV, ILMN, REGN, TTWO, VRTX, NTAP, ADP, PAYX,
COST, BIIB, ISRG,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 2
BIIB,
ISRG,
Moving Below 30 DMA = 3
ALXN,
MAR, SIRI,
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