Tech, Discretionary Lead SPX Lower as Coronavirus in News...

Friday, 1:55 pm ET...

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

SPY down 4.09 at 333.00 on 63.1 million shares, above average volume.  Down on higher volume.

VIX up 2.34 at 17.87

DJIA, 7 advancers, -2

SPX, 126 advancers

NDX, 10 advancers

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

Up:

Down: DIA, IWM, SPY, QQQ,

Breadth weakened on Friday as decliners led 1,923 to 876 on the NYSE and led 2,051 to 909 on the NASDAQ

The SPX MFC green line is above 80 and is pointed down at 88 and is counter-trend defensive. 

Uptrend sectors:  XLRE, XLP, XLU, XLY, XLK, XLC, XLI, XLV,

Neutral sectors:  XLF, 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: Down

NDX Stocks moving on Friday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 15

AAL, AAPL, ALGN, BKNG, CDW, FISV, MAR, MCHP, MU, MXIM, NXPI, SNPS, TXN, WDAY, WDC,

Add Comments here