SPX Hits 3-month High as Broad Rally Resumes...Discretionary, Technology, Materials Lead All Sectors Higher...

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The SPX +72.88 opened higher and closed higher on a broad rally that included the four primary ETFs, all 11 sectors and closed above 3-month resistance for the third day.  DXY, TLT and GLD / closed higher, while CL and TNX moved lower.

SPY up 7.11 at 427.10, on 61.6 million shares, average volume, up on higher volume. 

VIX down .67 at 19.53

QQQ up 6.31 at 330.39

DIS, MRK, AAPL, UNH led the DJIA, 29 advancers, +14

BR, ON, ALB, PENN led the SPX, 473 advancers

WDAY, MELI, TSLA, AMAT led the NDX 92 advancers

The two-year trend term is up.  The one-year trend down.

Up:  IWM, QQQ, SPY, DIA,

Down:   

All eleven sectors were higher on Friday, led by XLY, XLC and XLB.

Consumer Discretionary leaders:  PENN, TSLA, ETSY, CZR 

Technology leaders:  BR, ON, AMAT, TER

Materials leaders:  ALB, SHW, BALL, NEM

Advancers strengthened on Friday as advancers led 2,577 to 614 on the NYSE and led 3,372 to 1,215 on the NASDAQ.

The SPY MFC green line is pointed up in the upper zone at 93.3 and is short-term bullish.  SPY opened higher and closed higher above 3-month resistance.

Uptrend sectors:   XLK, XLY, XLU, XLRE, XLI,

Neutral sectors:   XLV, XLC, XLF, XLP,

Down trend sectors:  XLE, XLB,

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

92 of 100 NDX stocks closed higher on Friday

91 NDX stocks are above their 30 DMA:   MRNA, COST, DXCM, ORLY, KDP, PEP, VRSK, SIRI, VRSN, AAPL, CDNS, CPRT, IDXX, CTAS, QCOM, TSLA, ADI, ROST, SWKS, TXN, ALGN, AMZN, ATVI, FISV, ISRG, MCHP, MU, NFLX, NXPI, ODFL, SNPS, KLAC, SPLK, ABNB, ADBE, ADP, ADSK, AMAT, AMD, ANSS, ASML, AVGO, CSCO, CSX, EBAY, INTU, LRCX, MAR, MDLZ, MELI, MRVL, NVDA, PAYX, PCAR, PYPL, EA, ILMN, HON, AEP, EXC, XEL, TMUS, BKNG, CRWD, DOCU, GOOGL, LULU, MSFT, OKTA, TEAM, WBA, WDAY, FAST, CTSH, DDOG, ZS, BIIB, META, REGN, VRTX, AMGN, GILD, KHC, MU, PANW, CHTR, NTES, AZN, CMCSA, DLTR, ZM,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 4

AZN, CMCSA, DLTR, ZM,

Moving Below 30 DMA = 0

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