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NDX -26.33, -0.21, formed a three-day bull flag setup.
SPX -4.64, -0.13, closed at 3,663, a three-day bull flag setup.
Five of eleven sectors were higher on Friday, led by XLC, XLI and XLP.
Communication Services leaders: DIS, LUMN, TTWO, IPG
SPY down 0.43 at 366.30 on 57.7 million shares, below average volume, down on similar volume.
VIX up .79 at 23.31
DIS, MSFT, HON, PG led the DJIA, 8 advancers, -1
The two-year trend term is up. The one-year trend is up.
Up: DIA,
Advancers weakened on Friday as decliners led 1,815 to 1,313 on the NYSE and led 2,220 to 1,485 on the NASDAQ
The SPY MFC green line is pointed down at 93.9 and is counter-trend defensive. Price action is a three-day pullback, bull flag.
Uptrend sectors: XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
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: Down a little
52 of 100 NDX stocks closed higher on Friday.
74 NDX stocks are above their 30 DMA: 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, FISV, INTU, MNST, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, MELI, LBTYA, ADSK, KHC, AMD, FOXA, TSLA, DLTR, TTWO, PYPL, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, VRSN, NFLX, DOCU, CHKP, SGEN, CERN, BMRN, DXCM, IDXX, CPRT,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 1
Moving Below 30 DMA = 6
AMGN, EBAY, LULU, QCOM, SWKS, TCOM,
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2 comments:
Thank you for your consistency. My lack of it has been my eternal weakness. All the things I have learned from you are finally coming together in my mind. It took way to long (over 8 years). I recently realized why. I have been stuck in the 5” x 5” prison of my own mind and limiting beliefs related to trading and “success”. As the TA boot camp experience came to an end you said, “All of you here in this course have learned what is needed to be “a successful trader”. You all have different definitions of what that is. While here, we have helped you take action and stay accountable. When you go home you will still have to deal with your own fears and doubts.” I did not understand what you meant. I did not even realize some of the fears I had. It’s a scary process. I am better for it though. I look forward to talking with you again soon.
Thanks for all you do for us, Dave. So grateful to have you.
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