©
2020
After a bull flag bounce on Wednesday, a pull back on Thursday SPY and many other gave another bull flag bounce on Friday. SPY and IWM both made a new all-time closing high.
NDX +110.70, +0.94%, opened and closed higher and made a channel bounce continuation.
SPX +48.14, +1.36%, closes at 3,585, made a bull flag bounce above the high of the low day (Tuesday) for the second time and was a new all-time closing high on Friday.
All eleven sectors were higher on Friday, led by XLE, XLRE and XLI.
Energy leaders: MPC, VLO, PSX, HFC
SPY up 4.89 at 358.10 on 62.9 million shares, below average volume, up on lower volume.
VIX down 2.25 at 23.10
CSCO, BA, WBA, AXP led the DJIA, 30 advancers, +26
The two-year trend term is up. The one-year trend is up.
Up: IWM, DIA, SPY, QQQ,
Advancers strengthened on Friday as advancers led 2,558 to 512 on the NYSE and led 2,633 to 908 on the NASDAQ
The SPY MFC green line is pointed down at 78.3 and is defensive. Price action is a bull flag bounce.
Uptrend sectors: XLU, XLB, XLI, XLY, XLC, XLP, XLV, XLK,
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 a little
89 of 100 NDX stocks closed higher on Friday.
69 NDX stocks are above their 30 DMA: IDXX, QCOM, ADP, XLNX, BIDU, SIRI, EXC, ALGN, GOOGL, PDD, EXPE, NXPI, PAYX, CSX, CDW, CERN, CPRT, KLAC, LRCX, TXN, XEL, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, VRSK, WBA, ALXN, ASML, BKNG, CTAS, FB, FISV, INCY, INTU, MNST, TCOM, TMUS, AAPL, ISRG, MRNA, WDC, AMGN, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, ORLY, PEP, AVGO, CDNS, COST, JD, MELI, MSFT, BMRN, LBTYA, ADSK, DLTR, KHC, PCAR, SNPS, WDAY,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 6
Moving Below 30 DMA = 1
AMD,
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After a bull flag bounce on Wednesday, a pull back on Thursday SPY and many other gave another bull flag bounce on Friday. SPY and IWM both made a new all-time closing high.
NDX +110.70, +0.94%, opened and closed higher and made a channel bounce continuation.
SPX +48.14, +1.36%, closes at 3,585, made a bull flag bounce above the high of the low day (Tuesday) for the second time and was a new all-time closing high on Friday.
All eleven sectors were higher on Friday, led by XLE, XLRE and XLI.
Energy leaders: MPC, VLO, PSX, HFC
SPY up 4.89 at 358.10 on 62.9 million shares, below average volume, up on lower volume.
VIX down 2.25 at 23.10
CSCO, BA, WBA, AXP led the DJIA, 30 advancers, +26
The two-year trend term is up. The one-year trend is up.
Up: IWM, DIA, SPY, QQQ,
Advancers strengthened on Friday as advancers led 2,558 to 512 on the NYSE and led 2,633 to 908 on the NASDAQ
The SPY MFC green line is pointed down at 78.3 and is defensive. Price action is a bull flag bounce.
Uptrend sectors: XLU, XLB, XLI, XLY, XLC, XLP, XLV, XLK,
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 a little
89 of 100 NDX stocks closed higher on Friday.
69 NDX stocks are above their 30 DMA: IDXX, QCOM, ADP, XLNX, BIDU, SIRI, EXC, ALGN, GOOGL, PDD, EXPE, NXPI, PAYX, CSX, CDW, CERN, CPRT, KLAC, LRCX, TXN, XEL, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, VRSK, WBA, ALXN, ASML, BKNG, CTAS, FB, FISV, INCY, INTU, MNST, TCOM, TMUS, AAPL, ISRG, MRNA, WDC, AMGN, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, ORLY, PEP, AVGO, CDNS, COST, JD, MELI, MSFT, BMRN, LBTYA, ADSK, DLTR, KHC, PCAR, SNPS, WDAY,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 6
Moving Below 30 DMA = 1
AMD,
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2 comments:
bull market is over ,goin down
Jeff: Just trade what is in front of you - Trade the Chart.
Trade what is in front of you. Not tweets, news, fake news, bearish hopes which amounts to mental masturbation-it feels good but is short lived.
Don't try and figure it out.
Just trade it.
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