Gap Down, Lower Close after POTUS AND FLOTUS Test Positive for Covid-19...

 
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NDX -327.51, -2.83%, gapped down, after news Thursday evening the President and First Lady had tested positive for Covid-19 and would go into quarantine.  The NDX did rally from the opening low for about an hour and reversed lower and closed below it’s open.  The pullback was led by weakness in AAPL, MSFT, AMZN, FB, GOOGL and TSLA. 
 
SPX -32.36, -0.96%, closes at 3,348. SPX gapped down, traded in a range and closed above its open.
 
Six of eleven sectors were higher on Friday, led by XLRE, XLU and XLI.
 
Real Estate leaders: SLG, FRT, EQR, VNO
Utilities leaders: PNW, SO, CNP, AEP
Industrials leaders: URI, RHI, AAL, WAB
 
SPY down -3.20 at 333.84 on 89.4 million shares, above average volume, down on similar volume.
VIX up +0.93 at 27.63
 
DOW, CAT, MCD, HON led the DJIA, 13 advancers, -1
KYB, URI, DVN, IVZ, OKE led the SPX, 313 advancers
ROST, SPLK MAR, ADP led the NDX, 14 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM,
Down: DIA, SPY, QQQ,
 
Breadth weakened on Friday as advancers led 1,902 to 1,115 on the NYSE and decliners led 1,844 to 1,657 on the NASDAQ

The SPY MFC green line is pointed up at 37.6 and is bullish.  Price action is a bounce continuation above Wednesday’s close.
 
Uptrend sectors:  XLB, XLI, XLY, XLP, XLK, XLC, XLV,
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
 
14 of 100 NDX stocks closed higher on Friday.
 
42 NDX stocks are above their 30 DMA:   CMCSA, AVGO, ZM, ALXN, SGEN, WDAY, ALGN, CDW, CHTR, CPRT, CTAS, CTSH, FISV, IDXX, INTC, MRNA, NVDA, PAYX, QCOM, SBUX, SNPS, TCOM, ADP, BIIB, COST, FOXA, LRCX, PEP, SWKS, TXN, XLNX, AMD, KLAC, BIDU, DOCU, NFLX, NXPI, ROST, XEL, SIRI, ULTA,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 1
CSX,
 
Moving Below 30 DMA = 29
ADBE, ADI, AMAT, AMGN, AMZN, ANSS, ASML, ATVI, CDNS, CERN, CTXS, DXCM, INCY, INTU, ISRG, JD, MCHP, MDLZ, MELI, MSFT, MU, MXIM, PYPL, TMUS, TSLA, TTWO, VRSK, VRSN, VRTX,
 
 
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