NDX, SPX Support Holds as Both Indices Open Lower and Close Higher...

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NDX +63.14, +0.58%, opened lower and rallied to close higher.   The rally was led by strength in AAPL, MSFT, AMZN, TSLA, GOOGL and NVDA. 
 
SPX +9.67, +0.30%, closes at 3,246. SPX opened just below Monday’s low and bounced to close just above support.
 
Eight of eleven sectors were higher on Thursday, led by XLU, XLP and XLB.
 
Utilities leaders:  EIX, PEG, PNW, ES
Consumer Staples leaders: CPB, K, HSY, SJM
Basic Materials leaders: FCX, ALB, MOS, NEM
 
SPY up +0.86 at 323.50, on 76.6 million shares, above average volume, up on lower volume.
VIX down -.07 at 28.51
 
GS, MSFT, AAPL led the DJIA, 17 advancers, +15
DRI, FCX, IVZ, CPB led the SPX, 300 advancers
ILMN, LRCX, CDNS, EBAY led the NDX, 64 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, DIA, IWM
Down:
 
Breadth strengthened on Thursday as decliners led 1,532 to 1,499 on the NYSE and led 2,042 to 1,404 on the NASDAQ

The SPY MFC green line is pointed down at 11.5 and is bearish.  Price action pulled below the low of Monday’s white hammer and bounced to close higher for the day.
 
Uptrend sectors:  XLB, XLI, XLY, XLP, XLV, XLK, XLC,
Neutral sectors:  XLRE, XLF, XLU,
Down trend sectors: XLE,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
 
64 of 100 NDX stocks closed higher on Thursday.
 
11 NDX stocks are above their 30 DMA:   CMCSA, CSX, AVGO, ZM, ALXN, MU, SGEN, COST, WDAY, WDC, BIDU,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 1
BIDU,
 
Moving Below 30 DMA = 3
CHTR, FISV, MRNA,  
 
 
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