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The SPX +40.81 opened higher, trended
higher all day, notwithstanding it was an expiration Friday, and closed at a
new all-time closing high of 5137.08. The NDX
also closed at an all-time closing high as did XLK and XLI. Today’s price action was a horizontal breakout.
Twenty-three NDX 100 stocks also made new highs.
NTAP +16.19, +18.17%, COO
+8.59, +9.18% led
the SPX on a positive earnings reaction.
Mega caps NVDA, META, AMZN,
MSFT, TSLA rose and AAPL, GOOGL fell on Friday.
SPY up 4.77at 512.85 on 76.8 million
shares, average volume, closed higher on lower volume
VIX down .29 at 13.11
QQQ up 6.61 at 445.61
CRM, AMGN, INTC, IBM led the DJIA, 16 advancers, +2
NTAP, COO, WDC, KLAC led the SPX, 308 advancers
MRVL, AVGO, DXCM, AMD led the NDX, 68 advancers
The two-year trend term is sideways. The
one-year trend is up.
Up: QQQ, IWM, SPY, DIA,
Down:
Nine of eleven sectors were up on Friday, led by XLK, XLE and
XLRE
The SPY MFC green
line turned up at 93.1 and is short-term
bullish.
Uptrend sectors: XLI,
XLF, XLY, XLB, XLV, XLP, XLK, XLC, XLRE,
Neutral sectors: XLE, XLU,
Down trend sectors:
The 6-month intermediate
trend is up. The ten-day trend is up.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Up
68 of 100 NDX stocks
closed higher on Friday.
68 NDX stocks are above their 30
DMA: CTAS,
ROST, COST, ISRG, REGN, AVGO, META, SPLK,
ADP, ADSK, NVDA, AMZN, DASH, LRCX, MSFT, NFLX, CDNS, ORLY, AMAT, ASML, CDW,
FAST, INTU, KLAC, PCAR, ABNB, SNPS, CEG, CSX, DLTR, ODFL, IDXX, NXPI, GEHC,
PAYX, ON, QCOM, TTD, EA, FANG, AEP, CTSH, MAR, CCEP, EXC, TMUS, AMD,
CPRT, CRWD, DDOG, FTNT, MU, CSGP, TSLA, MNST, BKR, HON, MRVL, TXN, ADI,
ANSS, AZN, DXCM, GFS, MCHP, ROP, VRTX,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 8
ADI, ANSS, AZN, DXCM, GFS, MCHP, ROP,
VRTX,
Moving Below 30 DMA = 4
LULU, MDB, SBUX, ZS,
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