Monday is Memorial Day: Our Gratitude and Compassion to all Families Who Have Sacrificed Protecting America...NDX & SPX Bull Flag Setups...

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Monday is Memorial Day and we express gratitude for all men and women who gave their lives protecting freedom and America while serving in the US military and express our compassion to all the families of those who gave their lives.

NDX +36.00, +0.38%, and SPX +6.94, +0.19%, closed higher after trading in a range for most of Friday.  The NDX tested its May 12 high and is a bull flag setup.  The SPX closed just above its April 29 high, a re-breakout, and is a bull flag setup. 

Six of eleven sectors were higher on Friday, led by XLRE, XLU and XLC

SPY up 0.56 at 295.44 on 63.9 million shares, below average volume, up on lower volume.

VIX down 1.37 at 28.16

UNH, TRV, PG led the DJIA, 15 advancers, +9

COTY, FOSL, AMT, A led the SPX, 271 advancers

SPLK, LULU, ALGN, MELI led the NDX, 67 advancers

The two-year trend term is up.  The one-year trend is sideways.

An eight-week uptrend emerged following a higher low W pattern reversal in March. However, the trend’s upward momentum has slowed significantly over the previous three weeks and had a re-breakout of resistance on Friday.

Up: IWM, QQQ, SPY,

Down: DIA,

Breadth strengthened on Friday as advancers led 1,650 to 1,277 on the NYSE and led 1,904 to 1,354 on the NASDAQ

The SPX MFC green line is turned up at 93 and is short-term bullish.  Price action is a horizontal re-breakout.

Uptrend sectors:  XLV, XLK, XLP, XLY, XLC, XLB,

Neutral sectors:  XLE, XLU, XLRE, XLI, XLF,

Down trend sectors:

The 6-month intermediate trend is down a little.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Sideways

67 of 100 NDX stocks closed higher on Friday.

79 NDX stocks are above their 30 DMA:  SGEN, AMZN, CDNS, REGN, TTWO, VRTX, ATVI, CSCO, EA, ILMN, KHC, VRSN, AVGO, CHTR, IDXX, ISRG, KLAC, LULU, MSFT, MXIM, NVDA, ORLY, SNPS, SWKS, ADI, FB, QCOM, SBUX, AAPL, ADSK, EBAY, FAST, GOOGL, INTU, LBTYA, MCHP, MELI, MNST, PYPL, SPLK, WDAY, ADBE, ALGN, TSLA, BMRN, VRSK, FISV, NXPI, CPRT, ZM, AMAT, JD, NTES, TMUS, AMD, CHKP, CSX, CTAS, EXPE, FOXA, INTC, LRCX, NTAP, ADI, ANSS, AVGO, BKNG, CDW, CMCSA, CSX, DLTR, INTC, MAR, MXIM, NXPI, PCAR, ROST, TXN, XLNX, INCY, PAYX, ULTA, WDC, EXC,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 1

EXC,

Moving Below 30 DMA = 2

NFLX, TCOM,    

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