© 2020
NDX +194.73, +2.02%, and SPX
+81.58, +2.62%,
following a surprise Jobs report with 2.5 million new jobs vs. an
expected loss of 7.73 million jobs and a 13.3% unemployment rate vs. an
estimate of 19.8%.
The NDX
closed at a new all-time high with a breakout above its all-time high on Feb. An HBO implies a potential chart target
significantly higher four months from now.
All
eleven
sectors were higher on Friday, led by XLE,
XLF and XLI
SPY up 7.98 at 319.34 on 150.5 million shares, above average volume, up on higher
volume.
VIX down 1.29 at 24.52
BA, XOM, RTX led the DJIA, 28 advancers, +14
GCI, OXY, APA FOSL led the SPX, 457 advancers
AAL, ALGN, UAL PAYX led the NDX, 87 advancers
The two-year trend term
is up. The one-year trend is up.
Up: IWM, DIA,
SPY, QQQ,
Down:
Breadth strengthened
on Friday as advancers led 2,532 to 452 on the NYSE and
led 2,509 to 814 on the NASDAQ
The SPX
MFC green line is pointed up at 96 and is short-term bullish.
Price action is a breakout of 3-month resistance.
Uptrend sectors: XLV, XLK, XLY, XLC, XLB,
Neutral sectors:
XLE, XLI, XLF, XLU, XLRE, XLP,
Down trend sectors:
The 6-month intermediate
trend is sideways. The ten-day trend is up.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
87 of 100 NDX stocks
closed higher on Friday.
86 NDX stocks are above their 30 DMA: AMZN, CDNS, CSCO, ILMN,
KHC, 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, CPRT, ZM, AMAT, JD,
NTES, TMUS, CHKP, CSX, CTAS, EXPE, FOXA, INTC, LRCX, ADI, ANSS, AVGO, BKNG,
CDW, CMCSA, CSX, DLTR, INTC, MAR, MXIM, NXPI, PCAR, ROST, TXN, XLNX, PAYX,
ULTA, WDC, EXC, AAL, ALXN, MU, SIRI, TCOM, UAL, ADP, CERN, COST, MDLZ, REGN,
XEL, WBA, NXPI, NTAP, BIIB, EA,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 2
BIIB, EA,
Moving Below 30 DMA = 1
GILD,
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