SPY, QQQ, DIA Open Higher Close Lower...All Sectors Move Lower as DIA, SPY, QQQ Break ST Support & VIX Jumps...

 
 
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SPY, QQQ, DIA gapped up about +0.4% higher Friday morning and within three minutes began to selloff and fill the gap.  Late morning the markets found support and rallied for almost two hours until early afternoon.  Stocks resumed their selloff for the last three hours Friday afternoon with SPY, QQQ and DIA finishing down about -0.75% for the day.  
 
While stocks were generally lower for a fourth day, stocks like UPS, FCX, AMAT and NVDA had moved higher. 
 
SPX closed below 4,500 for the second day in a row and NDX closed below 15,500.
 
 
SPY down 3.54 at 445.44, on 89.9 million shares, above average volume, down on higher volume.  
VIX up 2.15 at 20.95
QQQ down 2.88, -0.77% at 376.59
 
 
INTC, MCD, DOW, NKE led the DJIA, 7 advancers, -0
FTI, NOV, UPS, GM led the SPX, 131 advancers.
PTON, MTCH, ATVI, EA led the NDX, 40 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: DIA, QQQ, SPY, IWM,
 
SPY = Five-day bull flag setup
DIA = Break of three-week support 
QQQ = Three-day bull flag setup
IWM = Mid-channel bounce down
 
All eleven sectors were lower on Friday, led by XLB, XLE and XLP.
 
Basic Materials leaders: FCX, AMCR, LYB, SHW
Energy leaders: FTI, NOV, BKR, HAL
Consumer Staples leaders: PM, CPB, BF/B, CLX
 
 
Advancers weakened on Friday as decliners led 2,063 to 1,194 on the NYSE and led 2,936 to 1,463 on the NASDAQ.
 
The SPY MFC green line is pointed down at 77.3 and is defensive.  SPY is a five-day bull flag setup. 
 
 
Uptrend sectors:  XLY, XLK, XLV, XLC, XLRE, XLU, XLP, XLF,
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
 
40 of 100 NDX stocks closed higher on Friday.
 
57 NDX stocks are above their 30 DMA:  INTU, GOOGL, ILMN, SNPS, REGN, DXCM, ADBE, MSFT, TEAM, CDNS, QCOM, SPLK, MELI, CDW, COST, VRSK, ALGN, CSCO, EXC, ASML, CTSH, XLNX, CHTR, MCHP, WBA, EBAY, NFLX, NVDA, FB, TSLA, AVGO, EA, KLAC, TCOM, BKNG, JD, OKTA, PDD, CRWD, ANSS, AMZN, PYPL, VRSN, BIDU, MRNA, MTCH, CTAS, SBUX, ADI, LULU, MRVL, AMAT, GILD, IDXX, INTC, PTON, TXN,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 6
AMAT, GILD, IDXX, INTC, PTON, TXN,
 
Moving Below 30 DMA = 6
AAPL, AEP, CMCSA, FISV, ISRG, XEL,
 
 
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