DIA, SPY, QQQ Closer Lower as IWM Gains...Health Care Leads Sectors...

 
 
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SPY, DIA, QQQ traded lower on quadruple-witching Friday, closing near their lows of the week and reversing Thursday’s strong bounce.  IWM closed higher.  MTCH, CDAY and BRO will be added to the SPX, Monday morning, September 20 at the open, replacing PRGO, UNM and NOV.
 
SPX closed below 4,500 for the seventh day in a row and NDX closed below 15,400.
 
 
SPY down 4.34 at 441.40, ex-dividend 1.428 on Friday, on 118.4 million shares, above average volume, down on higher volume.  
VIX up 2.12 at 20.81
QQQ down 4.48, -1.18% at 373.83
 
 
AMGN, UNH, AXP, PG led the DJIA, 6 advancers, -1
TMO, GCI, IVZ, CNC led the SPX, 102 advancers.
ZM, SGEN, BIDU, CERN led the NDX, 28 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM,
Down: DIA, SPY, QQQ,
 
SPY = bull flag setup, at 4-day support
DIA = channel bounce setup, at 5-day support
QQQ = bull flag setup, at 5-day support
IWM = channel bounce setup
 
One of eleven sectors was higher on Friday, led by XLV, XLY and XLF.
 
Health Care leaders: TMO, CNC, HUM, CERN
Consumer Discretionary leaders: NCLH, CCL, LVS, RCL
Financial leaders: IVZ, LNC, RE, AXP
 
 
Advancers weakened on Friday as decliners led 2,086 to 1,189 on the NYSE and advancers led 2,249 to 2,226 on the NASDAQ.
 
The SPY MFC green line is pointed down at 52 and is defensive.  SPY is a bull flag setup. 
 
 
Uptrend sectors:  XLY, XLK, XLC, XLRE, XLF, XLP, XLU, XLV,
Neutral sectors:  XLI, XLB,
Down trend sectors: XLE,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down a little
 
28 of 100 NDX stocks closed higher on Friday.
 
53 NDX stocks are above their 30 DMA:  INTU, GOOGL, ILMN, SNPS, DXCM, MSFT, TEAM, CDNS, QCOM, SPLK, MELI, COST, VRSK, ALGN, EXC, ASML, XLNX, MCHP, NFLX, NVDA, TSLA, AVGO, KLAC, TCOM, BKNG, JD, OKTA, PDD, AMZN, VRSN, BIDU, MRNA, MTCH, ADI, LULU, MRVL, AMAT, INTC, TXN, LRCX, MAR, CPRT, ISRG, REGN, ADBE, CRWD, EBAY, GILD, ORLY, WBA, FOXA, INCY, MU,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 0
 
 
Moving Below 30 DMA = 7
ANSS, CTAS, CTSH, FB, KDP, PCAR, PYPL,
 
 
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