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SPY and DIA closed at all-time highs on Friday. QQQ did a BO test and closed lower just below horizontal resistance and is a re-BO setup. The July Jobs Report was better than expectations, but the SPY still traded in a narrow expiration Friday range.
SPY up .73 at 442.49, on 46.9 million shares, below average volume, up on higher volume.
VIX down 1.13 at 16.15
GS, JPM, DOW, TRV led the DJIA, 17 advancers, -10
The two-year trend term is up. The one-year trend is up.
Up: IWM, DIA, SPY,
SPY = All-time closing high.
Four of eleven sectors were higher and two unchanged on Friday, led by XLF, XLB and XLE.
Financial leaders: AIG, UNM, SCHW, WFC
Advancers weakened on Friday as advancers led 1,972 to 1,318 on the NYSE and led 2,262 to 2,131 on the NASDAQ.
The SPY MFC green line is pointed up at 93.2 and is bullish. SPY is an all-time closing high.
Uptrend sectors: XLRE, XLK, XLC, XLF, XLU, XLV, XLY, XLP,
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
29 of 100 NDX stocks closed higher on Friday.
73 NDX stocks are above their 30 DMA: PAYX, INTU, GOOGL, IDXX, ILMN, SNPS, MRNA, REGN, DXCM, ADBE, DOCU, LULU, MSFT, TEAM, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, MELI, ADSK, CDW, COST, ORLY, VRSK, ADP, GILD, PEP, SBUX, FAST, CHKP, CTAS, AMD, ALGN, CSCO, EXC, MRVL, HON, ASML, AVGO, CMCSA, AEP, CTSH, VRTX, XEL, AAL, AMAT, EA, KLAC, XLNX, NXPI, TSLA, TXN, ZM, CERN, CHTR, LRCX, SGEN, MCHP, NVDA, MU, FB, MXIM, ZM, CSX, FOXA, MAR, SIRI, BIIB, FISV, MNST, ROST, WDC,
NDX Stocks to Watch on Monday:
Moving Below 30 DMA = 2
BKNG, OKTA,
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