IWM, QQQ, SPY, DIA re-Bounce on Friday...SNAP up, AXP down after Earnings...Next Week, Heart of Earnings Season with Big Six...

 
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The big six TSLA, GOOGL, MSFT, AAPL, FB and AMZN report earnings next week beginning with TSLA on Monday after the close. Thirty-one percent or 155 SPX stocks will report earnings between Tuesday and Thursday next week.
 
SNAP +4.25, +7.50%, at 61.30, rose on Friday after better-than-expected revenues and earnings.  AXP -2.93, -1.92%, at 61.30, fell on Friday on negative earnings reaction.
 
 
DJI +227.59, +0.67%, closes at 34,043.  GS, BA, MSFT, UNH and JPM were the largest point gainers on Friday.
 
NDX +179.08, +1.30%, closes at 13,941.
SPX +45.19, +1.09%, ended at 4,180.
 
TSLA +1.35%, a BO test/bull flag setup.
 

SPY = bull flag bounce.
DIA = bull flag bounce.
QQQ = bull flag setup.
IWM = channel bounce continuation.

 
 
Nine of eleven sectors were higher on Friday, led by XLF, XLB and XLK.
 
Financial leaders: SIVB, CFG, FITB, KEY
Basic Materials leaders: FCX, ALB, MOS, EMN
Technology leaders: STX, XLNX, AMD, TER
 
SPY up 4.47 at 416.74, on 73.2 million shares, below average volume, up on lower volume. 
VIX down 1.38 at 17.33
 
GS, DOW, JPM, AAPL led the DJIA, 25 advancers, +21
SIVB, STX, AAL, FCX led the SPX, 404 advancers.
XLNX, AMD, SWKS, PDD led the NDX, 80 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, QQQ, SPY, DIA,
Down:
 
Advancers strengthened on Friday as advancers led 2,574 to 747 on the NYSE and led 3,143 to 1,080 on the NASDAQ.
 
The SPY MFC green line is pointed down at 90.4 and is counter-trend defensive.  SPY is a bull flag re-bounce. 
 
 
Uptrend sectors:  XLP, XLI, XLY, XLK, XLB, XLRE, XLC, XLF, XLU, XLV, XLE,
Neutral sectors: 
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 a little
 
80 of 100 NDX stocks closed higher on Friday.
 
80 NDX stocks are above their 30 DMA:   KHC, ADP, ORLY, CSCO, AEP, XEL, AMAT, EXC, FB, MDLZ, SIRI, TXN, FAST, AMGN, DLTR, PEP, CSX, MNST, COST, ASML, CERN, CDW, SBUX, ADBE, GILD, LRCX, REGN, ROST, SWKS, VRSK, VRSN, EA, TMUS, ADSK, ALGN, ANSS, CDNS, GOOGL, ISRG, MSFT, MXIM, NVDA, SNPS, AAPL, AMZN, CPRT, FISV, INTU, CHKP, DXCM, PYPL, TSLA, MELI, ALXN, DOCU, IDXX, LULU, OKTA, MRNA, TEAM, INCY, VRTX, CHTR, NTES, PAYX, CTAS, KLAC, ILMN, ZM, ADI, AMD, BKNG, MCHP, MTCH, NXPI, PDD, QCOM, SGEN, WDAY, XLNX,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 11
ADI, AMD, BKNG, MCHP, MTCH, NXPI, PDD, QCOM, SGEN, WDAY, XLNX,
 
Moving Below 30 DMA = 1
CTSH,
 
 
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