AT40 = 38.7% of stocks are trading above their respective 40-day moving averages (DMAs)
AT200 = 42.4% of stocks are trading above their respective 200DMAs
VIX = 20.0
Short-term Trading Call: neutral
Commentary
The PowerShares QQQ ETF followed the NASDAQ's pattern.
Amazon (AMZN): more government-driven gyrations as Trump's attacks gapped AMZN below its 50DMA. Stock rallied from a 6-week intraday low to finish the day with a 1.1% gain that closed the stock at its lower-Bollinger Band (BB). AMZN is broken until proven innocent.
Apple (AAPL): faded from 50DMA resistance and clung to a 0.8% gain on the day. The 200DMA is slowly converging from below.
facebook (FB): Somehow managed to end the week flat! Stock is still stuck in a steep downtrend defined by its lower-BBs and trades well below its 50 and 200DMAs.
Google (GOOG): Likely in sympathy with Facebook's data privacy issues, GOOG cracked 200DMA support. On Thursday, the stock gapped up above its 200DMA and finished with a 2.7% gain.
Netflix (NFLX): Buyers twice had to pick NFLX off intraday lows that cracked 50DMA support. While the stock lost 1.9% for the week, at least it held 50DMA support.
Nvidia (NVDA): Suspension of testing on driverless cars drove the stock below 50DMA. NVDA ended the week with a small loss.
