SPX, NDX, DJI Rally to a New All-time Closing High...TSLA Continues to Soar...

 
© 2021
 
SPX opened higher and traded up and down in a trading range on expiration Friday before a rally in the last two hours of trading.   QQQ, SPY and DIA all made new all-time closing highs.  Technology stocks AAPL, MSFT, AMZN, GOOGL, TSLA, PYPL, CMCSA, ADBE and NFLX closed higher on Friday.
 
NDX +1.65.63, +1.28%, broke through horizontal resistance on Friday and closed at a new all-time closing high.
 
SPX +20.89, +0.55%, closed at 3,824, closes above 3,800 for the first time, a new all-time closing high.
 
TSLA rose +7.84%, on Friday a new all-time closing high.
 
Seven of eleven sectors were higher on Friday, led by XLY, XLRE and XLU. 
 
Consumer Discretionary leaders: TSLA, ETSY, EBAY, HAS
Real Estate leaders: EXR, PSA, AMT, EQIX
Utilities leaders: NRG, AWK, NEE, PEG
 
 
SPY up 2.16 at 381.26 on 71.6 million shares, just above average volume, up on higher volume.
VIX down .81 at 21.56
 
KO, AMGN, CRM, MCD led the DJIA, 16 advancers, -4
TSLA, FFIV, NRG, KEYS, REGN led the SPX, 257 advancers
BIDU, TSLA, MELI, INCY led the NDX, 76 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, DIA,
Down: IWM,
 
Advancers weakened on Friday as advancers led 1,607 to 1,515 on the NYSE and led 1,983 to 1,815 on the NASDAQ
 
The SPY MFC green line turned up at 85.9 and is short-term bullish.  Price action is a new all-time 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 Trend: Up
 
76 of 100 NDX stocks closed higher on Friday.
 
80 NDX stocks are above their 30 DMA:   ALGN, TXN, ADI, AMAT, MU, MXIM, SBUX, ASML, MNST, ROST, CSCO, AVGO, ADSK, TSLA, PYPL, AAPL, ANSS, ATVI, BIDU, CDNS, EA, ILMN, ISRG, SNPS, CHKP, CERN, DXCM, IDXX, ALXN, SWKS, ORLY, NTES, VRSK, MRVL, MTCH, PTON, BKNG, MDLZ, AMGN, INTC, JD, PDD, KLAC, NXPI, WDC, EBAY, GILD, LRCX, WBA, BIIB, CTSH, FOXA, LULU, MCHP, QCOM, CSX, DLTR, EXC, FAST, FISV, MAR, PCAR, AMD, CDW, CPRT, CTAS, DOCU, GOOGL, INCY, INTU, MSFT, NVDA, TEAM, TMUS, VRTX, XLNX, CMCSA, MELI, REGN, TCOM,

 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 4
CMCSA, MELI, REGN, TCOM,
 
Moving Below 30 DMA = 1
SIRI,
 
 
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