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NDX +81.74, +0.76% and SPX +32.99, +1.02%. NDX made a new all-time closing high. SPX opened lower, pulled back twice early and the trended higher all day and closed higher. SPX was a re-breakout on Friday.
JPM
reports EPS Tuesday morning before the open and unofficially starts earnings
season.
Nine of eleven sectors were higher on Friday, led
by XLF, XLE and XLU
Financial leaders: AIG, CMA, PBCT, USB
Energy leaders: MPC, HP, VLO, APA
Utilities leaders: PPL, NEE, NI, FE
SPY up 3.21 at 317.59 on 57.5 million shares, below average volume, up on lower volume.
VIX down 1.97 at 27.29
JPM, GS, TRV led the DJIA, 27 advancers, +22
CCL, RCL, MPC, AA led the SPX, 397 advancers
TSLA, NFLX, FOXA, SPLK led the NDX, 55 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 2,291 to 703 on the NYSE and
led 2,114 to 1,252 on the NASDAQ
The SPX
MFC green line is pointed up at 72 and is short-term
bullish. Price action is a
re-breakout.
Uptrend sectors: XLK, XLY, XLC, XLB, XLI, XLRE,
Neutral sectors:
XLV, XLF, XLU, XLP, XLE,
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: Sideways
58 of 100 NDX stock
closed higher on Friday.
74 NDX stocks are above their 30 DMA: AMZN, CDNS, ASML, 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, BIDU, ADI, AVGO,
MXIM, TXN, LRCX, REGN, NXPI, EA, TTWO, ATVI, ILMN, ANSS, NFLX, SGEN, VRTX, AMGN,
INCY, DOCU, CTXS, DXCM, INTU, PEP, LULU, VRSK, XLNX, CHKP, COST, FB,
GOOGL, VRSN, LBTYA, MNST, CHTR, AMD, BKNG, CSCO, MU, CMCSA, CTSH, GILD, ISRG, KHC, ORLY, PCAR,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 7
CMCSA,
CTSH, GILD, ISRG, KHC, ORLY, PCAR,
Moving Below 30 DMA = 1
TCOM,
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