Range Trading on Expiration Friday Led by QQQ...Markets Closed Monday, Enjoy the Memorial Day Weekend...

 
 
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SPX opened slightly higher and traded in a range on expiration Friday.  Semiconductor stocks SMH moved higher after breaking through short-term resistance on Thursday. 
 
 
DJI +64.81, +0.19%, closed at 34,529.  CRM, AMGN, GS and CVX were the largest point gainers on Friday.
NDX +28.67, +0.21%, closed at 13,686.
SPX +3.23, +0.08%, closed at 4,204.                  
 
TSLA -0.89%, bounce pause.
 
SPY = bounce continuation.
DIA = ST breakout continuation.
QQQ = bounce continuation.
IWM = 3-week breakout test.
 
Seven of eleven sectors were higher on Friday, led by XLRE, XLU and XLV.
 
Real Estate leaders: EXR, KIM, MAA, AVB
Utilities leaders: EXC, EVRG, AWK, CNP
Health Care leaders: DXCM, CRL, EW, REGN
 
SPY up .22 at 420.07, on 58.5 million shares, below average volume, up on higher volume. 
VIX up .02 at 16.76
 
CRM, AMGN CVX, GS led the DJIA, 14 advancers, -2
ULTA, LW, EBAY, AMD led the SPX, 286 advancers.
NVDA, PDD, XLNX MRNA led the NDX, 66 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, DIA, SPY,
Down: IWM,
 
Advancers weakened on Friday as advancers led 1,989 to 1,344 on the NYSE and led 2,263 to 2,005 on the NASDAQ.
 
The SPY MFC green line is pointed up at 80.5 and is bullish.  SPY is a bounce continuation nearing resistance. 
 
 
Uptrend sectors:  XLRE, XLP, XLC, XLV, XLF, XLB, XLE, XLI, XLU, XLK, XLY,
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
 
66 of 100 NDX stocks closed higher on Friday.
 
60 NDX stocks are above their 30 DMA:  COST, CERN, VRSN, ALXN, CHTR, MDLZ, KHC, PEP, TMUS, SGEN, CSCO, PAYX, INTU, WDC, TCOM, NTES, ATVI, FB, MXIM, ADI, ADP, CPRT, FAST, GOOGL, IDXX, ILMN, MRVL, NXPI, ZM, ALGN, NVDA, PTON, ADSK, AMAT, ASML, AVGO, CMCSA, CTAS, EA, KLAC, LRCX, MCHP, SNPS, TXN, ADBE, MRNA, PYPL, TEAM, MU, SIRI, AMD, BKNG, DXCM, EBAY, EXC, INCY, QCOM, REGN, SBUX, XLNX,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 10
AMD, BKNG, DXCM, EBAY, EXC, INCY, QCOM, REGN, SBUX, XLNX,
 
 
Moving Below 30 DMA = 3
FOXA, LULU, MAR,                                                                               
 
                                                                                     
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