SPX Closes Higher Just Below Six-week Resistance...

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NDX +18.76, +0.18% and SPX +9.16, +0.28%.  NDX is still a bull flag setup.  SPX opened higher and closed higher.  SPX was a horizontal breakout setup. 

Seven of eleven sectors were higher on Friday, led by XLU, XLRE and XLV

Utilities leaders:  AES, PEG, EXC, WEC

Real Estate leaders:  PEAK, WY, VTR, DLR

Healthcare leaders:  ISRG, ALGN, ABMD, BSX

SPY up .93 at 321.72 on 62.7 million shares, below average volume, up on higher volume.

VIX down 2.32 at 25.68

CSCO, PFE, INTC led the DJIA, 13 advancers, -1

AES, ABMD, PEG, BSX led the SPX, 286 advancers

ISRG, ALGN, EXC, FISV led the NDX, 75 advancers

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

Up: IWM, SPY, QQQ,

Down: DIA,

Breadth strengthened on Friday as advancers led 1,629 to 1,358 on the NYSE and led 2,016 to 1,338 on the NASDAQ

The SPX MFC green line is pointed up at 85.8 and is short-term bullish.  Price action is a breakout continuation pause day near horizontal resistance.

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

Neutral sectors:  XLRE, XLF, XLU, 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: Up a little

75 of 100 NDX stock closed higher on Friday.

83 NDX stocks are above their 30 DMA:  AMZN, CDNS, ASML, IDXX, KLAC, MSFT, NVDA, SNPS, SWKS, QCOM, AAPL, EBAY, FAST, MCHP, MELI, PYPL, SPLK, ALGN, TSLA, BMRN, ZM, AMAT, JD, NTES, BIDU, AVGO, MXIM, TXN, LRCX, REGN, NXPI, EA, TTWO, ATVI, ILMN, ANSS, NFLX, SGEN, VRTX, AMGN, DOCU, CTXS, DXCM, PEP, VRSK, XLNX, CHKP, COST, FB, GOOGL, LBTYA, MNST, CHTR, BKNG, CMCSA, CTSH, GILD, KHC, PCAR, DLTR, AMD, BIIB, CTAS, INCY, ISRG, LULU, NTAP, ORLY, XEL, CDW, CERN, CPRT, CSX, EXC, EXPE, TCOM, WDC, ADBE, ADSK, CSCO, CSGP, FISV, INTC, TMUS,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 7

ADBE, ADSK, CSCO, CSGP, FISV, INTC, TMUS,

Moving Below 30 DMA = 3

MAR, SIRI, WDC,

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