SPX Inches Higher to All-time Closing High...NDX Near Breakout to All-time High

 © 2021
 
SPX opened higher on Friday, pulled back to test its breakout of the May 7 high and rallied to close at a new all-time high.  NDX nearing breakout to new high after a two-month trading range.

 
Semiconductor stocks, SMH moved higher inching towards resistance in a ten-day trading range. 
 
DJI +13.36, +0.04%, closed at 34,479.  GS, HD, MCD and AXP were the largest point gainers on Friday.
NDX +37.92, +0.27%, closed at 13,998.
SPX +8.26, +0.19%, closed at 4,247.
 
TSLA -0.04%, in channel.
 
SPY = Breakout test, new all-time closing high.
DIA = Ten-day trading channel at support.
QQQ = Breakout setup to new all-time high.
IWM = Bull flag setup in a a channel.
 
Eight of eleven sectors were higher on Friday, led by XLF, XLK and XLY.
 
Financial leaders: NDAQ, MKTX, SCHW, RJF
Technology leaders: ENPH, NVDA, NOW, HPE
Consumer Discretionary leaders: VFC, PVH, TPR, GPS
 
SPY up .70 at 424.31, on 45.5 million shares, below average volume, up on lower volume. 
VIX down .45 at 15.65
 
AXP, GS, MCD, AAPL led the DJIA, 17 advancers, -3
GCI, VFC, PVH, TPR led the SPX, 3.48 advancers.
PTON, ZM, DOCU, LULU led the NDX, 68 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 2,186 to 1,127 on the NYSE and led 2,717 to 1,631 on the NASDAQ.
 
The SPY MFC green line is flat at 95.2 and is bullish.  SPY made another an all-time closing high. 
 
 
Uptrend sectors:  XLRE, XLC, XLE, XLV, XLK, XLF, XLI, XLP, XLB, XLU,
Neutral sectors:  XLY,
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
 
68 of 100 NDX stocks closed higher on Friday.
 
72 NDX stocks are above their 30 DMA:  CERN, ALXN, MDLZ, TMUS, SGEN, CSCO, PAYX, INTU, WDC, ATVI, FB, MXIM, ADI, ADP, GOOGL, IDXX, ILMN, MRVL, ZM, NVDA, PTON, AMAT, ASML, AVGO, EA, LRCX, MCHP, SNPS, TXN, MRNA, PYPL, SIRI, AMD, EBAY, EXC, REGN, XLNX, DXCM, ADBE, BIIB, CHKP, DOCU, GILD, INTC, KLAC, LULU, MSFT, TEAM, ALGN, MAR, AMZN, FOXA, ISRG,
ANSS, CDNS, CMCSA, COST, MNST, NTES, NXPI, PEP, QCOM, SPLK, VRSN, WBA, AAPL, CHTR, CPRT, CTAS, MELI, SBUX, SWKS,
 
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 7
AAPL, CHTR, CPRT, CTAS, MELI, SBUX, SWKS,
 
 
Moving Below 30 DMA = 4
AMGN, BKNG, INCY, VRTX,
 
 
                                                                                                                 
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