Friday, March 19, 2021

IWM, QQQ Rise as DIA, SPY Fall on Quadruple Witching Expiration Friday...

 
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The DJI -234.33, -0.71%, closed at 32,672.  V, TRV, NKE and CAT were the largest point losers on Friday.
 
NDX +77.85, +0.13%, formed a bullish harami.
SPX -2.36, -0.06%, closed at 3,913, a bull flag setup.
 
TSLA +0.26%, formed a hammer on Friday.
 
Six of eleven sectors were higher on Friday, led XLC, XLY and XLV.
 
Communication Services leaders: FB, GCI, DISCA, TTWO
Consumer Discretionary leaders: DG, TGT, BBY, ETSY
Healthcare leaders: WST, ALGN, DHR, MTD
 
SPY down .72 at 389.48 after ex-dividend of 1.278, on 113.6 million shares, above average volume, down on higher volume.
VIX down .63 at 20.95
 
HD, WMT, CRM, UNH led the DJIA, 9 advancers, -1
SWN, FDX, OXY, DG led the SPX, 185 advancers.
PTON, FB, NTES, MTCH led the NDX, 75 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, QQQ,
Down: DIA, SPY,
 
Advancers strengthened on Friday as advancers led 1,802 to 1,466 on the NYSE and led 2,618 to 1,530 on the NASDAQ.
 
The SPY MFC green line is pointed down and fell 5.4 to 86.1 and is counter-trend defensive.  Price action is a bull flag setup.
 
 
Uptrend sectors XLF, XLE, XLI, XLC, XLB, XLK, XLY, XLV,
Neutral sectors:  XLRE, XLU, XLP,
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 TrendDown
 
75 of 100 NDX stocks closed higher on Friday.
 
39 NDX stocks are above their 30 DMA:   WDC, CDW, CMCSA, KHC, MAR, TCOM, FOXA, FISV, ADP, SBUX, ORLY, CSCO, INTC, PAYX, TMUS, AEP, ROST, XEL, AMAT, EXC, FB, MDLZ, CHTR, CTSH, WBA, MU, NXPI, SIRI, TXN, FAST, AMGN, CHKP, REGN, AVGO, DLTR, EBAY, GILD, PEP, VRTX,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 6
AVGO, DLTR, EBAY, GILD, PEP, VRTX,
 
Moving Below 30 DMA = 2
BKNG, CSX,
 
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2 comments:

Ben W. said...

Lots of opportunities on the charts. Thank for pulling this information together!

Michael Hayes said...

Thank You Dave, Like Ben said many opportunities on the chart
BF on COST on Friday with Follow Thru today