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Indexes/ETFs traded in a narrow range on Friday: the SPX 14
points, DJI 179 points, NDX 51 points and SPY 1.53, as the
SPX/SPY and NDX/QQQ closed slightly above Wednesday’s close at new all-time closing highs.
Eight
of eleven
sectors were higher on Friday, led by XLRE, XLU and XLK.
SPY up .54 at 337.60 on 64.5 million shares, average volume. Up on higher volume.
VIX down .36 at 13.68
V, HD, AXP led the DJIA, 15 advancers, +5
MHK, DLR, PAYC led the SPX, 265 advancers
EXPE, NVDA, ILMN, EBAY led the NDX, 53 advancers
Long term up
trend intact. 3-day short term trend is up.
Up: QQQ, SPY,
Down: DIA, IWM,
Breadth was
mixed on Friday as advancers led 1,504 to 1,405 on the NYSE and
decliners led 1,782 to 1,431 on the NASDAQ
The SPX
MFC green line is above 80 and is pointed up at 95 and is short-term
bullish.
Uptrend sectors: XLK, XLP, XLY, XLF, XLI, XLU, XLRE,
XLC, XLV,
Neutral sectors:
XLB,
Down trend sectors: XLE,
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.
79 NDX stocks are above their 30 DMA: AAPL, MSFT, ADBE,
ADSK, LULU, MNST, WLTW, VRSK, GOOGL, TSLA, ULTA, CSX, PYPL, CTAS, CDNS,
INTU, XEL, EXC,
NFLX, SNPS, INTC, ANSS, CPRT, CSGP, SPLK, CTXS, WDAY, VRTX, PAYX,
COST, CHKP, PEP, AMZN, MDLZ, CHTR,
ADP,
CTSH, GILD, JD, LRCX, NTES, WDC, AAL, AMAT, AMD, ASML, CERN, EBAY, FAST, MXIM,
NVDA, NXPI, TMUS, AVGO, BIIB, BMRN, MU, REGN, ROST, SGEN, TXN, ATVI, IDXX, MCHP,
SIRI, ADI, BIDU, ISRG, QCOM, CMCSA, EXPE, FOXA, KLAC, MELI, FISV, INCY, SBUX, ALGN,
BKNG, CDW,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 3
ALGN,
BKNG, CDW,
Moving Below 30 DMA = 5
LBTYA,
MAR, QCOM, SWKS, VRSN,
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