NDX New All-time Closing High, SPX Slightly Lower...Utilities, Consumer Staples, Materials Led Sectors...After-hours: EXPE Up on Positive EPS Reaction...

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SPX -5.06, 6,340, continued its bull flag bounce in a trading range candle that made a higher high and a higher low, before closing slightly on Thursday. 

Breadth was slightly weaker.  Exchange advancers and sectors were slightly lower.

NDX +0.32%, bull flag bounce continuation with a new all-time closing high.  Many market observers may have focused on the broad market pullback and not the new closing high. 

DJI, 43,968 -0.51%, led by weakness in CAT, CRM, V, GS.    

NVDA +1.35, +0.75%, bull flag bounce continuation.

AVGO +2.09, +0.69%, bull flag bounce continuation.

IPOs from last week AMBQ -5.49% and FIG -13.37% both closed lower.

After-hours:

EXPE +31.71, +16.90%, beat, EPS 4.24 vs 3.90 Est., beat, Rev 3.78B vs. 3.701 Est., positive EPS reaction.

Mega caps TSM, AAPL, NVDA, TSLA, AVGO, AMZN, GOOGL rose and MSFT, META, BRK/B fell on Thursday. 

SPY down .53 at 632.25, bull flag bounce pause, 74.0 million shares, average volume,

VIX down 0.20 at 16.57

QQQ up 1.95 at 569.27

AAPL, VZ, KO, MRK led DJIA, 14 advancers, -3

PODD, BDX, ZBH, APA led SPX, 246 advancers,

APP, AMD, DASH, MSTR led NDX, 47 advancers,

Up: QQQ,

Down: SPY, IWM, DIA,

The SPY MFC green line is down at 75.5, SPY continued to move higher and remains above the high of the low candle and is short-term bullish. -1.2

Five of eleven sectors were higher on Thursday led by XLU, XLP and XLB.

Uptrend sectors: XLK, XLC, XLI, XLY, XLU, XLF, XLB, XLRE,

Neutral sectors: XLP, XLE, XLV,

Down trend sectors:

The 6-month intermediate trend breakout is up.  The ten-day trend is sideways.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little

47 of 100 NDX stocks closed higher on Thursday.

42 NDX stocks are above their 30 DMA: AVGO, MSFT, NVDA, AMD, CSX, DASH, CSGP, GOOGL, AEP, SNPS, CDNS, FAST, PEP, TTD, REGN, ORLY, PLTR, XEL, MDB, PDD, BKR, CEG, ROST, TMUS, APP, AZN, CTAS, META, EA, VRTX, IDXX, MRVL, AXON, LIN, AAPL, COST, CSCO, TSLA, KDP, KHC, LRCX, MNST,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 4

KDP, KHC, LRCX, MNST,   

Moving Below 30 DMA = 5

ADSK, FANG, INTU, PCAR, WBD,

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SPX, NDX Resume Bull Flag Bounce, Close Higher...Consumer Discretionary, Consumer Staples, Technology Led Sectors...After-hours: SHOP Up on Positive EPS Reaction...

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SPX +45.87, 6,345, resumed the bull flag bounce that started Monday. 

Breadth was mixed.  Exchange advancers were slightly lower.

NDX +1.29%, bull flag bounce continuation. 

DJI, 44,193 +0.14%, led by strength in AAPL, MCD, AMZN, WMT.   

NVDA +1.16, +0.65%, bull flag bounce continuation.

AVGO +8.74, +2.98%, bull flag bounce continuation.

SHOP +27.90, +21.97%, on a positive EPS reaction.

IPOs from last week AMBQ +21.40% and FIG +14.21% both closed higher.

After-hours:

DASH +22.03, +8.54%, beat, EPS .65 vs .43 Est., beat, Rev 3.28B vs. 3.16B Est., positive EPS reaction.

Mega caps TSLA, AAPL, AVGO, AMZN, META, BRK/B, GOOGL,NVDA rose and TSM, MSFT fell on Wednesday. 

SPY up 4.81 at 632.78, bull flag bounce continuation, 63.7 million shares, below average volume,

VIX down 1.08 at 16.77

QQQ up 7.05 at 567.32

AAPL, WMT, AMZN, MCD led DJIA, 17 advancers, +5

ANET, AIZ, MTCH, GPN led SPX, 238 advancers,

AAPL, AMZN, TSLA PLTR led NDX, 64 advancers,

Up: QQQ, SPY, DIA,

Down: IWM,

The SPY MFC green line is down at 76.7, SPY continued to move higher and remains above the high of the low candle and is short-term bullish. -2.1

Six of eleven sectors were higher on Wednesday led by XLY, XLP and XLK.

Uptrend sectors: XLK, XLC, XLI, XLY, XLU, XLF, XLB, 

Neutral sectors: XLRE, XLP, XLE, XLV,

Down trend sectors:

The 6-month intermediate trend breakout is up.  The ten-day trend is sideways.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

64 of 100 NDX stocks closed higher on Wednesday.

43 NDX stocks are above their 30 DMA: AVGO, MSFT, NVDA, AMD, CSX, WBD, DASH, CSGP, GOOGL, AEP, SNPS, CDNS, FAST, PEP, TTD, REGN, ORLY, PLTR, XEL, MDB, PDD, BKR, CEG, ROST, TMUS, APP, AZN, CTAS, FANG, META, EA, VRTX, IDXX, MRVL, AXON, LIN, PCAR, AAPL, ADSK, COST, CSCO, INTU, TSLA,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 6

AAPL, ADSK, COST, CSCO, INTU, TSLA,    

Moving Below 30 DMA = 4

AMGN, BIIB, CCEP, GILD,

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Monday's Bounce in SPX, NDX Pauses on Tuesday...Materials, Real Estate, Energy Led Sectors...After-hours: UPST, AMD, SMCI Down on Negative EPS Reaction...

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SPX -30.75, 6,299, opened higher and closed lower for the sixth time in seven trading days.   SPX pulled back to Monday’s S1 level and remained above Friday’s high.  Tuesday can be described as a bull flag bounce pause day. 

Breadth weakened on Tuesday after Monday’s large rallies.  Exchange advancers and decliners were mixed.

IPOs from last week AMBQ -6.81% and FIG -10.74% both closed lower.

NDX -0.73%, bull flag bounce pause day. 

DJI, 44,111 -0.14%, led by weakness in MSFT, MCD, GS, CRM.   

NVDA -1.74, -0.97%, bull flag bounce pause.

AVGO -4.79, -1.61%, bull flag bounce pause.

PLTR +12.61, +7.85%, on a positive EPS reaction.

AXON +122.24, +16.41%, a horizontal BO on a positive EPS reaction.

After-hours:

UPST -2.79, -3.38%, beat, EPS .36 vs .25 Est., beat, Rev 257.3 M vs. 225.4 Est., raise guidance, negative EPS reaction.

SMCI -9.39, -16.29%, miss EPS .41 vs .44 Est., miss Rev 5.757B vs. 5.884B Est., lowers guidance, negative EPS reaction.

AMD -11.06, -6.34%, miss EPS .48 vs .49 Est. beat Rev 7.69B vs. 7.41B Est., raise guidance, negative EPS reaction.

Mega caps BRK/B, AMZN rose and TSLA, GOOGL, AAPL, NVDA, MSFT, AVGO, META, TSM fell on Tuesday. 

SPY down 3.20 at 627.97, bull flag bounce pause day, 68.0 million shares, below average volume, closes above Friday’s high,

VIX up .33 at 17.85

QQQ down 3.83 at 560.27

UNH, MMM, CVX, SHW led DJIA, 12 advancers, -16

AXON, PLTR, LDOS, BR led SPX, 226 advancers,

AXON, PLTR, INTC, ODFL led NDX, 29 advancers,

Up: IWM,

Down: DIA, SPY, QQQ,

The SPY MFC green line is down at 78.8, as a price action technician today’s SPY pause remained above Friday’s high following yesterday’s bull flag bounce, price above the high of the low candle is short-term bullish. -2.5

Four of eleven sectors were higher on Tuesday led by XLB, XLRE and XLE.

Uptrend sectors: XLK, XLC, XLI, XLY, XLU, XLF, XLB, XLRE,

Neutral sectors: XLP, XLE, XLV,

Down trend sectors:

The 6-month intermediate trend breakout is up.  The ten-day trend is sideways.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down a little

29 of 100 NDX stocks closed higher on Tuesday.

41 NDX stocks are above their 30 DMA: AVGO, MSFT, NVDA, AMD, CSX, WBD, DASH, CSGP, GOOGL, AEP, SNPS, CDNS, FAST, PEP, CCEP, AMGN, TTD, REGN, ORLY, PLTR, XEL, MDB, PDD, BKR, CEG, ROST, TMUS, GILD, APP, AZN, CTAS, FANG, META, BIIB, EA, VRTX, IDXX, MRVL, AXON, LIN, PCAR,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 3

AXON, LIN, PCAR,  

Moving Below 30 DMA = 6

ADSK, CSCO, INTU, KLAC, LRCX, TRI,

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