NDX, RUT, SPX, DJI Rally Continues led by Healthcare, MRNA, ETSY, ZM...

 
© 2020
 
 
The rally continued with Friday’s half-day of trading after Thanksgiving Day on Thursday.  The DJIA 29,910 rallied 37 points forming a bull flag setup on day two of a breakout test.
 
NDX +106.00, +0.87%, forming a breakout setup with the November 9 high. 
 
SPX +8.70, +0.24%, closes at 3,638, and is a re-breakout of its Monday, November 16 high. 
 
Five of eleven sectors were higher on Friday, led by XLV, XLC and XLK. 
 
Healthcare leaders: ILMN, VRTX, COO, WST
Communication Services leaders: TMUS, EA, ATVI, TTWO
Technology leaders: SNPS, FTNT, CDNS TYL
 
SPY up 1.01 at 363.67 on 28.5 million shares, the lightest daily volume of 2020, below average volume, up on lower volume.
VIX down .41 at 20.84
 
AMGN, UNH, INTC, HON led the DJIA, 15 advancers, +4
ETSY, NCLH, VNT, TWTR led the SPX, 234 advancers
MRNA, ZM, PDD, ILMN led the NDX, 80 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, IWM, SPY, DIA,
Down:
 
Advancers strengthened on Friday as advancers led 1,759 to 1,376 on the NYSE and led 2,321 to 1,301 on the NASDAQ
 
The SPY MFC green line is pointed up at 90.7 and is bullish.  Price action is a re-breakout.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  XLRE,
Down trend sectors:
 
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
 
80 of 100 NDX stocks closed higher on Friday.
 
86 NDX stocks are above their 30 DMA:   IDXX, QCOM, ADP, XLNX, SIRI, ALGN, GOOGL, PDD, EXPE, NXPI, PAYX, CSX, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, VRSK, WBA, ASML, BKNG, CTAS, FISV, INTU, MNST, TCOM, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, JD, MELI, LBTYA, ADSK, KHC, AMD, FOXA, LULU, TSLA, DLTR, NTES, TTWO, CERN, ALXN, BMRN, PYPL, CDW, FB, MSFT, AMZN, DOCU, EBAY, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CHKP, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, SPLK, VRSN, WDAY, ZM,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 18
AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CHKP, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, SPLK, VRSN, WDAY, ZM,
 
Moving Below 30 DMA = 1
EXC,  
 
 
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