SPX Opens Lower, Closes Higher, Bullish Engulfing Reversal...Utilities, Real Estate, Consumer Staples Lead Sectors...

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-SPX +22.27, open lower, close higher, Reversal bullish engulfing.

-Financial sector showing buying support, XLF -0.06%

-FRC -0.17, -1.36%, KRE +1.65, +5.98%, regional banks at support.

-VIX closed .87 lower.

-No Powell, No Yellen on Friday…

-Fed comments from Bostic a 4-minute interview on NPR early a.m.,

-Bullard on Financial Stress & the Current Macroeconomic Outlook, in St. Louis

-Barkin interview with CNN.

-NFLX was a horizontal breakout on Friday.

-META, FTNT, PANW, CRWD horizontal breakout setups. 

DXY and TLT closed higher, while GLD, /CL and TNX moved lower.

Mega caps NVDA, META, GOOGL, MSFT, AAPL, TSLA, AMZN rose.

SPY up 2.58 at 395.75, on 107.7 million shares, above average volume, up on slightly lower volume.

VIX down .87 at 21.74

QQQ up 1.14 at 310.89.

AMGN, PG, KO, CSCO led the DJIA, 21 advancers, +3

KEY, CCI, BXP, CMS led the SPX, 376 advancers

ATVI, ISRG, SIRI, AEP led the NDX, 54 advancers.

The two-year trend term is sideways.  The one-year trend down a little.

Up:  IWM, SPY, DIA, QQQ,

Down:

Nine of eleven sectors were higher on Friday, led by XLU, XLRE and XLP.

The SPY MFC green line turned up at 39.8 and is short-term bullish.  SPY opened lower and closed higher, a key reversal day.

Uptrend sectors:   XLK, XLC, XLY, XLB,

Neutral sectors:  XLI, XLE, XLF, XLP, XLV, XLRE,

Down trend sectors: XLU,

The 6-month intermediate trend is up a little.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down a little

65 of 100 NDX stocks closed higher on Friday.

51 NDX stock are above their 30 DMA:   META, SGEN, ANSS, CDNS, NVDA, PANW, FTNT, CRWD, AVGO, AMD, ATVI, OKTA, ODFL, VRSK, AAPL, ILMN, AMAT, CSCO, INTC, MDLZ, MELI, MSFT, SNPS, GOOG, GOOGL, PEP, ADBE, ADI, AMZN, CPRT, EA, GFS, INTU, ISRG, LRCX, TXN, VRTX, ASML, AZN, BKNG, MU, LULU, QCOM, REGN, WDAY, AMGN, BIIB, COST, IDXX, MNST, NFLX,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 6

AMGN, BIIB, COST, IDXX, MNST, NFLX,

Moving Below 30 DMA = 4

DXCM, KLAC, MCHP, NXPI,

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