SPX, NDX Rally to Close Above the High of the Low Day in MACD Divergence Setup...

 
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NDX +254.66, +2.34%, opened higher and rallied to close above Thursday’s high.   The rally was led by strength in AAPL, MSFT, AMZN, TSLA, GOOGL, FB, NVDA and ADBE. 

SPX +51.87, +1.60%, closes at 3,298. SPX opened lower on Friday and bounced to close above the high of the low day which was Thursday.

 
Ten of eleven sectors were higher on Friday, led by XLK, XLRE and XLU.
 
Technology leaders: LDOS, NOW, NVDA, FISV
Real Estate leaders: HST, SLG, KIM, PEAK
Utilities leaders: ES, CMS, LNT, CCI
 
SPY up +5.23 at 328.73, on 71.0 million shares, average volume, up on lower volume.
VIX down -2.13 at 26.38
 
BA, AAPL, UNH led the DJIA, 25 advancers, +8
NCLH, CCL, WRK, RCL led the SPX, 429 advancers
TCOM, ZM, MRNA, DXCM led the NDX, 95 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, IWM, SPY, DIA,
Down:
 
Breadth strengthened on Friday as advancers led 2,167 to 851 on the NYSE and led 2,547 to 921 on the NASDAQ

The SPY MFC green line is turned up at 14.4 and is bullish.  Price action is a bounce above Thursday’s bullish candle or close above the high of the low day.
 
Uptrend sectors:  XLB, XLI, XLY, XLP, XLV, XLK, XLC,
Neutral sectors:  XLRE, XLF, XLU,
Down trend sectors: XLE,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
 
95 of 100 NDX stocks closed higher on Friday.
 
26 NDX stocks are above their 30 DMA:   CMCSA, CSX, AVGO, ZM, ALXN, MU, SGEN, WDAY, WDC, BIDU, ALGN, CDW, CHTR, CPRT, CTAS, CTSH, FISV, IDXX, INTC, MRNA, NVDA, PAYX, QCOM, SBUX, SNPS, TCOM,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 16
ALGN, CDW, CHTR, CPRT, CTAS, CTSH, FISV, IDXX, INTC, MRNA, NVDA, PAYX, QCOM, SBUX, SNPS, TCOM,
 
Moving Below 30 DMA = 1
COST,  
 
 
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