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NDX +174.91, +1.51%, gapped up and trended higher on Friday. The rally was led by strength in AAPL, AMZN, MSFT, GOOGL and TSLA.
SPX +30.30, +0.88%, closes
at 3,477. SPX gapped
up at the open
and trended higher into the close and is breakout continuation.
Eight of eleven sectors were higher on Friday, led by XLK, XLY and XLV.
Technology leaders: XLNX, TER, FTNT, CTXS
Consumer Discretionary leaders: EBAY, ETSY, AMZN, NCLH
SPY up +3.07 at 346.85 on 59.5 million shares, below average volume, up on higher volume.
VIX down -1.36 at 25.00
MSFT, CRM, V, AAPL led the DJIA, 19 advancers, -5
The two-year trend term is up. The one-year trend is up.
Up: QQQ, SPY, DIA, IWM,
Breadth weakened on Friday as advancers led 1,540 to 1,469 on the NYSE and led 2,005 to 1,490 on the NASDAQ
The SPY MFC green line is pointed up at 55 and is bullish. Price action is a breakout continuation.
Uptrend sectors: XLB, XLI, XLY, XLP, XLK, XLC, XLV,
Down trend sectors: XLE,
The 6-month intermediate trend is up. The ten-day trend is up.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
78 of 100 NDX stocks closed higher on Friday.
86 NDX stocks are above their 30 DMA: AVGO, ZM, ALXN, SGEN, WDAY, CDW, CHTR, CPRT, CTAS, CTSH, FISV, IDXX, INTC, MRNA, NVDA, PAYX, QCOM, SBUX, SNPS, TCOM, ADP, BIIB, COST, FOXA, LRCX, SWKS, TXN, XLNX, AMD, KLAC, BIDU, DOCU, NFLX, NXPI, ROST, XEL, SIRI, AMAT, CERN, EXC, MCHP, MELI, MXIM, PCAR, REGN, SPLK, ADBE, ADI, ALGN, ANSS, ASML, BMRN, CDNS, CHKP, CSX, FAST, ILMN, INCY, INTU, ISRG, JD, LULU, MU, PEP, PYPL, TMUS, TSLA, WBA, WDC, ADSK, AMZN, BKNG, CSCO, DLTR, EXPE, ULTA, VRSK, VRSN, VRTX, AAPL, CTXS, EBAY, LBTYA, MDLZ, MNST, MSFT,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 7
Moving Below 30 DMA = 2
CMCSA, MAR,
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