SPX Opens Higher, Closes Higher to End Q1...Consumer Discretionary, Real Estate, Communication Services Lead All Sectors Higher...

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-SPX +58.48, opened higher, closed higher for a third day.

-VIX closed .32 lower.

-Personal Income PCE M/M 0.3% vs. 0.4% est. Y/Y 5.0% vs. 5.1 est.

-Core PCE M/M 0.3% vs. 0.4% est. Y/Y 4.6% vs. 4.7 est., lower than expected.

-FTNT a made a new nine-month high.

-NVDA, META, AAPL were horizontal breakouts on Friday.

 

/CL, GLD and TLT closed higher, while DXY and TNX moved lower.

Mega caps TSLA, GOOGL, META, AAPL, MSFT, NVDA, AMZN rose.

SPY up 5.69 at 409.39, on 112.0 million shares, above average volume, up on higher volume.

VIX down .32 at 18.70

QQQ up 5.25 at 320.93.

INTC, BA, WBA, DIS led the DJIA, 29 advancers, +7

ZBRA, CZR, GEHC, PAYC led the SPX, 469 advancers

JD, PDD, MELI, LRCX led the NDX, 92 advancers.

The two-year trend term is sideways.  The one-year trend down a little.

Up:  IWM, QQQ, SPY, DIA,

Down:

All eleven sectors were higher on Friday, led by XLY, XLRE and XLC.

The SPY MFC green line is pointed up at 61.5 and is short-term bullish.  SPY opened higher and closed higher on a horizontal breakout.

Uptrend sectors:   XLK, XLC, XLB, XLP, XLI,

Neutral sectors:  XLY, XLE, XLF, XLV, XLRE, 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

92 of 100 NDX stocks closed higher on Friday.

92 NDX stock are above their 30 DMA:   META, SGEN, ANSS, CDNS, NVDA, PANW, FTNT, CRWD, AVGO, AMD, ATVI, OKTA, VRSK, AAPL, ILMN, CSCO, INTC, MDLZ, MELI, MSFT, SNPS, GOOG, GOOGL, PEP, ADBE, AMZN, CPRT, EA, INTU, ISRG, TXN, VRTX, ASML, AZN, BKNG, MU, LULU, REGN, WDAY, AMGN, BIIB, IDXX, MNST, NFLX, CTAS, FAST, KDP, GILD, ADI, ADP, AEP, AMAT, CMCSA, COST, GFS, KHC, KLAC, LRCX, MRVL, ORLY, PAYX, QCOM, TMUS, TSLA, XEL, ABNB, DXCM, EXC, JD, MCHP, NXPI, PYPL, WBA, WBD, ZM, ADSK, ALGN, CHTR, CSX, CTSH, DDOG, DLTR, EBAY, FANG, MAR, MRNA, ODFL, PCAR, RIVN, SBUX, TEAM,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 16

ADSK, ALGN, CHTR, CSX, CTSH, DDOG, DLTR, EBAY, FANG, MAR, MRNA, ODFL, PCAR, RIVN, SBUX, TEAM,

Moving Below 30 DMA = 0

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