Impulsive breakout finally. SPY moved outside of the channel. Is this a bull trap???

VIX :   -1.06 / -6.12%                                                           

/CL : +0.19 / +0.34%                                                           

TLT :  -2.67 / -1.81%                                                           

                                                             

SPY Market Forecast  57.56 Short-term Bullish    and pointing up and in the neutral zone                                                   

  6-months Up                                                           

  10-days Up                                                           

  3-days Up                                                           

                                                             

Indices                                                              

Up:    IWM:  +1.86% ;   QQQ :  +1.83% ;  DIA:  +1.42%  ;  SPY:  +1.29%                                                 

Down:                                                                

                                                             

Nasdaq Above 30MA    =  71                                                           

NVDA, NTAP, MU, WDC, SWKS, ASML, LULU, PCAR, NXPI, TSLA, FAST, ADI, JBHT, JD, ROST, SNPS, CDNS, CTSH, EBAY, AVGO, AAL, GOOG, GOOGL, PYPL, DLTR, QCOM, MYL, INTC, ISRG, LRCX, FISV, AMZN, EXPE, MXIM, ADP, INTU, ORLY, ATVI, FB, CMCSA, AAPL, BKNG, TXN, AMD, MSFT, WBA, VRTX, PAYX, AMAT, BIDU, CTXS, CTAS, SIRI, NTES, CSX, SYMC, AMGN, CHTR, WLTW, CELG, VRSK, IDXX, COST, KLAC, MDLZ, EA, XEL, TTWO, LBTYA, PEP, LBTYK

                                                              

Stocks to watch on  Friday                                                           

Nasdaq100  xsing above30   = 23                                                           

NTAP, SWKS, LULU, PCAR, TSLA, FAST, ADI, CDNS, CTSH, EBAY, AAL, GOOG, GOOGL, ISRG, AMZN, EXPE, MXIM, FB, AMD, WBA, VRTX, PAYX, BIDU                                        

                                                              

Nasdaq100  xsing below30  = 1                                                           

SBUX                                                              

                                                             

NDX Leaders:   95 closing higher  and  8 closing Lower                                                      

NVDA :  +6.51% ;  NTAP : +5.31% ;  MU : +4.74%                                                    

DJIA Leaders:   26 closing higher  and  4 closing Lower                                                      

IBM :   +3.41% ;  CAT :   +3.27% ;  GS :   +2.64%                                                    

SP100 Leaders:   85 closing higher  and  15 closing Lower                                                      

UNP :   +3.78% ;  EMR :   +3.74% ;  OXY :   +3.46%                                                    

                                                             

Sectors  Eight sectors closed higher led by XLK +2.09%  and  XLF +2.04%    Lower =  3                                                 

  XLK, XLF, XLY, XLI, XLC, XLV, XLB, XLP, XLRE, XLU, , closing above 30d. SMA  and 1   closing below.                                            

Uptrend XLRE ,  XLP ,  XLU , XLK                                                      

Sideways XLY ,  XLB ,  XLV ,  XLF , XLI , XLC                                                  

Downtrend XLE                                                            

                                                             

Breath:  Strengthened  as advancers led    NYSE:  1978   to   996 and  advancers led   Nasdaq:     2260   to   822                                                

                                                             

MACD Crossover: NXPI, JD, MELI, GOOG, GOOGL, AAPL, HAS, CTAS, REGN