Pullback on Expiration Friday...

 
© 2021
 
 
DJI 185.51, -0.54%, closes at 33,874.  GS. CRM, CVX and V were the largest point decliners on Friday.
 
NDX -109.45, -0.78%, closes at 13,860.
SPX -30.30, -0.72%, ended at 4,181, a reversal of Thursday’s gain.
 
TSLA +4.79%, a bullish engulfing bounce at short-term support.
 
SPY = BO test after an all-time new high.
DIA = bull flag setup.
QQQ = an HBO setup.
IWM = channel pullback.
 
 
Four of eleven sectors were higher on Friday, led by XLU, XLRE and XLY.
 
Utilities leaders: PNW, SO, WEC, LNT
Real Estate leaders: DLR, EQIX, AMT, ESS
Consumer Discretionary leaders: TSLA, CCL, F, NCLH, RCL
 
SPY down 2.76 at 417.30, on 85.5 million shares, above average volume, down on higher volume. 
VIX up 1.00 at 18.61
 
AMGN, MRK, VZ, WBA led the DJIA, 9 advancers, -15
AON, FTNT, WLTW, DLR led the SPX, 133 advancers.
TSLA, TEAM, SGEN, VRTX led the NDX, 18 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: DIA, QQQ, SPY, IWM,
 
Advancers weakened on Friday as decliners led 2,245 to 1,092 on the NYSE and led 2,888 to 1,348 on the NASDAQ.
 
The SPY MFC green line turned down at 96 and is counter-trend defensive.  SPY is a breakout test after a new all-time closing high. 
 
 
Uptrend sectors:  XLF, XLI, XLB, XLRE, XLK, XLY, XLV, XLC, XLP, XLU, 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
 
18 of 100 NDX stocks closed higher on Friday.
 
63 NDX stocks are above their 30 DMA:   ORLY, AEP, XEL, AMAT, EXC, FB, FAST, CSX, MNST, COST, ASML, CERN, CDW, SBUX, ADBE, LRCX, ROST, VRSK, VRSN, EA, TMUS, ADSK, ALGN, ANSS, GOOGL, ISRG, MSFT, MXIM, NVDA, AAPL, AMZN, CPRT, INTU, CHKP, DXCM, PYPL, MELI, ALXN, DOCU, IDXX, LULU, OKTA, MRNA, TEAM, INCY, CHTR, NTES, AMD, BKNG, MTCH, QCOM, XLNX, CTSH, TCOM, WDC, MAR, MDLZ, CMCSA, KHC, PEP, SGEN, TSLA, VRTX,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 3
SGEN, TSLA, VRTX,
 
Moving Below 30 DMA = 11
ADI, CSCO, CTAS, DLTR, MCHP, PAYX, PDD, REGN, SNPS, SWKS, WDAY,
 
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