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SPX, NDX and RUT opened lower after a lower-than-expected
December Retail Sales report Friday morning.
After trading in a lower trading range for most of the day, a last hour
rally pushed SPX, NDX and RUT to a higher close. VIX opened higher and was positive for most of Friday,
declined in the last hour and closed lower heading into the 3-day MLK, Jr. Holiday weekend. The DJI opened lower and closed
lower.
Markets are closed on Monday.
SPX closed at 4,6629 +3.82.
NDX closed at 15,611, +118.98.
Earnings season began Friday with EPS reports from JPM,
C, WFC, BLK, and FRC.
Q4 Earnings Reports:
Positive reactions: WFC,
Negative reactions: C, BLK, FRC, JPM
SPY up.19 at 464.72, on 95.8 million shares, above average volume, up on higher volume.
VIX down 1.12 at 19.19
QQQ up 2.35, +0.62% at 380.01
AMGN, MSFT, CVX, INTC led the DJIA, 15 advancers, -2
LVS, WYNN, HFC, DISCA led the SPX, 211 advancers.
LRCX, AMAT, KLAC, MRVL led the NDX, 53 advancers.
The two-year trend term is up. The one-year trend is up.
Up: QQQ, IWM, SPY,
Down: DIA,
Four
of eleven
sectors were higher on Friday, led by XLE,
XLK and XLC.
Energy leaders: HFC, MRO, SLB, BKR
Technology leaders: LRCX, AMAT, KLAC, TER
Communication Services leaders: DISCA,
GCI, FOXA, ATVI
Advancers strengthened on Friday as decliners led 1,996 to 1,350 on the NYSE and
led 2,509 to 2,117 on the NASDAQ.
The SPY MFC green line
is pointed down for a second day at 58.5 and is defensive. SPY opened lower near support and
rallied to a slightly higher close.
Uptrend sectors: XLE, XLF, XLP, XLU, XLI, XLB, XLRE, XLV,
XLK, XLY,
Neutral sectors:
Down trend sectors: XLC,
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
53 of 100 NDX stocks
closed higher on Friday.
39 NDX stocks are above their 30 DMA: MU, VRTX, CSCO, XEL,
PEP, AEP, AMGN, CTSH, WBA, CERN, MDLZ, INCY, KDP, CHKP, ATVI, BKNG, EXC,
FISV, INTC, KLAC, MAR, KHC, PCAR, CMCSA, HON, BIDU, LCID, GILD, SPLK, EA, ILMN,
NTES, QCOM, AMAT, BIIB, JD, LRCX, PDD, TSLA,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 4
JD, LRCX, PDD, TSLA,
Moving Below 30 DMA = 4
CSX, MNST, ORLY, SIRI,
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1 comment:
Thank you, Dave. Looks like theres a shaky start to the shortened holiday week in looking at the futures this am.
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