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SPX opened lower and closed lower on
Friday and made lowest close for the week. Markets are closed Monday for the MLK, Jr
holiday. Enjoy the three-day weekend.
NDX -94.76, -0.73%, now a five-day bull flag setup.
SPX -27.29, -0.72%, closed
at 3,768, is a five-day bull flag
pattern.
TSLA fell -2.23%, is
forming a bull flag setup.
Four
of eleven
sectors were higher on Friday, led by XLRE,
XLU and XLC.
Real Estate leaders: EQIX,
MAA, PLD, AMT
Utilities leaders: NI,
CNP, LNT, PEG
Communication Services leaders: FB, TMUS, LUMN, CHTR
SPY down 2.76 at 375.70 on 107.1 million shares, above average volume, down on higher volume.
VIX up 1.09 at 24.34
HD, AMGN, MRK MCD led the DJIA, 8 advancers, -6
NI, ABMD, AKAM, SWN led the SPX, 188 advancers
SGEN, FB, ALGN, XEL, AEP led the NDX, 34 advancers
The two-year trend term is up. The one-year trend is up.
Up:
Down: DIA, SPY, QQQ, IWM,
Advancers weakened on Friday as decliners led 2,153 to 1,019 on the NYSE and led
2,657 to 1,194on the NASDAQ
The SPY MFC green line
is pointed down at 84.4 and is counter-trend
defensive. Price action is a five-day
pullback.
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 a little.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
34 of 100 NDX stocks
closed higher on Friday.
58 NDX stocks are above their 30 DMA: ALGN, TXN, ADI, AMAT, MU, MXIM, ASML, MNST,
CSCO, AVGO, ADSK, TSLA, PYPL, ANSS, ATVI, BIDU, CDNS, ILMN, SNPS, CHKP, CERN,
IDXX, ALXN, SWKS, ORLY, NTES, MRVL, PTON, AMGN, INTC, JD, PDD, KLAC, NXPI, EBAY,
GILD, LRCX, WBA, BIIB, FOXA, MCHP, QCOM, CSX, EXC, FAST, PCAR, CDW, CTAS, DOCU,
INCY, MELI, REGN, SPLK, EA, ZM, MTCH, INTU, SGEN,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
MTCH, INTU, SGEN,
Moving Below 30 DMA = 4
AAPL, BKNG, ISRG, OKTA,
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