SPX, NDX Pauses on Friday as DJI Inches Higher...

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NDX -13.92, -0.12%, bull flag bounce continuation.

SPX -0.58, -0.02%, opened lower and closed lower at 3,372.85, pausing for a third day at the resistance of its all-time high on Feb 19.  

Five of eleven sectors were higher on Friday, led by XLE, XLF and XLI.

Energy leaders:  SWN, COG, HFC, MPC

Financial leaders:  COF, ICE, TFC, HII

Industrials leaders:  TXT, FDX, BA, CMI 

SPY up +.01 at 336.83 on 41.6 million shares, below average volume, down on lower volume.

VIX down .08 at 22.05

WBA, BA, DOW led the DJIA, 17 advancers, +7

SWN, FOSL, MCK, COG led the SPX, 268 advancers

AMAT, MRNA, TSLA, DLTR led the NDX, 36 advancers

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

Up: DIA, SPY,

Down: IWM, QQQ,

Breadth strengthened moderately on Friday as led 1,490 to 1,447 on the NYSE and decliners led 1,799 to 1,560 on the NASDAQ

The SPX MFC green line is sloped down at 94.9 and is short-term bullish.  Price action is a pause at resistance of its all-time high.

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

Neutral sectors:  XLU, XLRE, XLF, 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

36 of 100 NDX stocks closed higher on Friday.

63 NDX stocks are above their 30 DMA:  AMZN, CDNS, IDXX, NVDA, SWKS, AAPL, FAST, MELI, PYPL, MXIM, LRCX, TTWO,  AMGN, VRSK, XLNX, CHKP, COST, MNST, CHTR, CMCSA, CTSH, KHC, PCAR, AMD, CTAS, ISRG, LULU, ORLY, XEL, CPRT, CSX, TCOM, SIRI, AMAT, BIIB, QCOM. ROST, SBUX, KLAC, AVGO, FB, MSFT, NXPI, TMUS, DLTR, TXN, ALGN, BKNG, ULTA, MAR, PAYX, WBA, CERN, EXPE, ADBE, ANSS, EA, INTU, MSFT, PEP, TSLA, FOXA, EXC, FISV, WBA,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 3

EXC, FISV, WBA,

Moving Below 30 DMA = 7

ADI, ATVI, BIDU, DXCM, GOOGL, NTES, VRSN,  

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