SPX Opens Lower, Closes Lower as All Sectors Pullback...

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NDX -252.48, -2.50% and SPX -74.71, -2.38% SPX opened lower, traded down all day and closed lower.  SPX formed a large red candle closing near its low of the day on the daily chart. 

All eleven sectors were lower on Friday, led by weakest XLC, XLF and XLE

Communication services losers:  FB, TWTR, GCI, GOOGL

Financial losers:  HBAN, KEY, COF, GS

Energy losers:  NBL, DVN, OKE, FANG

SPY down 7.30 at 300.05 on 127.9 million shares, above average volume, down on higher volume.

VIX up 2.51 at 34.73

CSCO, DOW, PFE led the DJIA, 1 advancer, -21

GPS, FFIV, AKAM, BDX led the SPX, 56 advancers

DOCU, NTAP, EBAY ALGN led the NDX, 17 advancers

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

Up:

Down: QQQ, SPY, IWM, DIA,

Breadth weakened on Friday as decliners led 2,446 to 551 on the NYSE and led 2,652 to 724 on the NASDAQ

The SPX MFC green line is pointed down at 67.1 and is defensive.  Price action lower open, lower close as sellers kept the index on the downside all day.

Uptrend sectors:  XLY, XLK, XLV, XLC, XLB, XLI, XLF, XLRE, XLE,

Neutral sectors:  XLU, XLP,

Down trend sectors:

The 6-month intermediate trend is sideways.  The ten-day trend is sideways.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

17 of 100 NDX stock closed higher on Friday.

53 NDX stocks are above their 30 DMA:  AMZN, CDNS, ASML, AVGO, IDXX, KLAC, MSFT, NVDA, SNPS, SWKS, QCOM, AAPL, ADSK, EBAY, FAST, MCHP, MELI, PYPL, SPLK, WDAY, ADBE, ALGN, TSLA, BMRN, CSGP, ZM, AMAT, JD, NTES, TMUS, ADI, LRCX, AVGO, DLTR, MXIM, TXN, ALXN, REGN, NXPI, EA, TTWO, ATVI, ILMN, ANSS, NFLX, SGEN, VRTX, AMGN, INCY, DOCU, CTSH, CSCO, CTXS,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

CSCO, CTXS,

Moving Below 30 DMA = 17

ADP, CTAS, DXCM, EXPE, FB, GILD, GOOGL, INTU, KHC, LULU, MU, ORLY, PAYX, PCAR, PEP, VRSK, XLNX,

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