IWM, QQQ, SPY, DIA Broad Rally on Monthly Expiration Friday...LC, WOOF, FL Rise on EPS...Technology, Utilities, Discretionary Lead Sectors Higher...

 
 
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SPY, QQQ opened higher after futures rallied before the open on Friday.  Each of the index ETFs trended higher in a broad rally on Friday notwithstanding it was August monthly expiration.
 
LC +2.18, +8.22%, rallies after a Maxim upgrade to buy and price target of $35.  

WOOF +1.55, +7.75%, FL +3.95, +7.26%, rally on positive earnings reactions.
 
 
SPY up 3.50 at 443.36, on 92.7 million shares, above average volume, up on similar volume.  
VIX down 3.11 at 18.56
QQQ up 3.77, +1.04% at 367.73
 
 
MSFT, HD, CSCO, WBA led the DJIA, 25 advancers, +12
ABMD, LUMN, PENN, MOS led the SPX, 412 advancers.
NVDA, PDD, ILMN, TEAM led the NDX, 73 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, QQQ, SPY, DIA,
Down:
 
SPY = bull flag bounce
DIA = bull flag bounce
QQQ = 10-day bull flag bounce
IWM = channel bounce at support
 
All eleven sectors were higher on Friday, led by XLK, XLU and XLY.
 
Technology leaders: NVDA, PAYC, MSFT, NOW
Utilities leaders: ETR, EIX, NEE, PPL
Consumer Discretionary leaders: PENN, CZR, UAA, ETSY
 
 
Advancers strengthened on Friday as advancers led 2,372 to 950 on the NYSE and led 3,079 to 1,419 on the NASDAQ.
 
The SPY MFC green line is pointed down at 82.4 and is counter-trend defensive.  SPY is a bull flag bounce. 
 
 
Uptrend sectors:  XLV, XLU, XLP, XLRE, XLK, XLF, XLC, XLY,
Neutral sectors:  XLI, XLB,
Down trend sectors: XLE,
 
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: Down a little
 
73 of 100 NDX stocks closed higher on Friday.
 
61 NDX stocks are above their 30 DMA:  PAYX, INTU, GOOGL, ILMN, SNPS, MRNA, REGN, DXCM, ADBE, MSFT, TEAM, ISRG, CDNS, QCOM, SPLK, MELI, ADSK, CDW, COST, VRSK, PEP, AMD, ALGN, CSCO, EXC, ASML, CMCSA, AEP, CTSH, XEL, XLNX, CHTR, SGEN, MCHP, CSX, FISV, MNST, DLTR, GILD, WBA, BIIB, EBAY, MXIM, ROST, ADI, ADP, CHKP, CTAS, FAST, IDXX, LULU, MDLZ, MRVL, NFLX, NVDA, AAPL, ANSS, FB, FOXA, NXPI, ORLY, TSLA,
 
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 7
AAPL, ANSS, FB, FOXA, NXPI, ORLY, TSLA,
 
Moving Below 30 DMA = 1
CERN,
 
 
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