Friday, December 4, 2020

SPX, NDX, DJI, RUT Make New All-time Closing Highs on Friday...

 © 2020

NDX +61.35, +0.49%, and for the fourth day in a row made a new all-time closing high. 
 
SPX +32.40, +0.88%, closed at 3,699, made a new all-time closing high on Friday. 
 
Ten of eleven sectors were higher on Friday, led by XLE, XLB and XLRE. 
 
Energy leaders: OXY, FANG, MRO, APA
Basic Materials leaders: MOS, ALB, EMN, LYB
Real Estate leaders: SPG, WY, IRM, HST
 
SPY up 3.16 at 369.85 on 50.7 million shares, below average volume, up on higher volume.
VIX down 0.49 at 20.79
 
CAT, CVX, IBM, DOW led the DJIA, 24 advancers, +7
OXY, FANG, MRO, APA led the SPX, 409 advancers
WDC, DOCU, QCOM, MU led the NDX, 77 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, SPY, DIA, QQQ,
Down:
 
Advancers strengthened on Friday as advancers led 2,458 to 668 on the NYSE and led 2,735 to 940 on the NASDAQ
 
The SPY MFC green line is pointed up at 97.1 and is bullish.  Price action is a new all-time closing high.
 
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 TrendUp
 
77 of 100 NDX stocks closed higher on Friday.
 
88 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, WBA, ASML, BKNG, CTAS, FISV, INTU, MNST, TCOM, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, MELI, LBTYA, ADSK, KHC, AMD, FOXA, LULU, TSLA, DLTR, TTWO, CERN, BMRN, PYPL, FB, MSFT, AMZN, EBAY, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, VRSN, WDAY, NFLX, NVDA, SWKS, AMGN, DOCU, CHKP, DXCM, SGEN, CDW, ORLY, VRSK,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 3
CDW, ORLY, VRSK,  
 
Moving Below 30 DMA = 1
JD,
 
 
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