© 2023
-PCE report better than expected, NDX, SPX
strong rally,
-Core M/M 0.3% vs. .04% expected, Core
Y/Y 4.6% vs 4.7% expected
-Breadth was stronger
on Friday.
-AAPL +4.38, 193.97, all-time closing high, first stock
with a $3 trillion market cap.
-TSLA +1.26, +0.49%, continued to bounce.
-Regional banks pulled back: KRE -.47,
-1.14%, ZION -.42, -1.54%.
Mega
caps NVDA, AAPL, META, AMZN, TSLA, MSFT, GOOGL rose.
SPY up 5.17 at 443.28, on 104.9 million shares, above average volume, up on higher
volume.
VIX up .05 at 13.59
QQQ up 5.61 at 369.42,
AAPL, WMT, MSFT, MRK led the DJIA, 26 advancers, +4
CCL, SEDG, ENPH, NCLH led the SPX, 438 advancers
SIRI, TEAM, NVDA, ALGN led the NDX, 92 advancers.
The two-year trend term is sideways. The
one-year trend is up.
Up: QQQ, SPY, DIA, IWM,
Down:
All eleven sectors were higher on Friday, led by XLK, XLY and
XLU.
The SPY
MFC green line is pointed up at 80 and is short-term bullish. SPY opened l and closed higher on the fourth
day of a bull flag bounce.
Uptrend sectors: XLK, XLC,
XLY, XLI, XLF, XLB, XLRE, XLV, XLP,
Neutral sectors: XLU, XLE,
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.
76
NDX stock are above their 30 DMA: AAPL,
AMZN, CPRT, ISRG, CSGP, MSFT, NVDA, CEG, LRCX,
META, VRSK, FTNT, ZS, NFLX, AMAT, KLAC, AVGO, MRVL, TSLA, WDAY, CSCO, ADBE, CTAS,
PANW, NXPI, COST, PDD, ATVI, INTC, QCOM, BKR, CSX, DXCM, MCHP, ABNB, HON, PCAR,
ALGN, SIRI, ADI, FAST, INTU, LULU,
ROST, VRTX, ODFL, IDXX, PYPL, ON, ORLY, DLTR, ADP, CHTR, CMCSA,
EA, EXC, GFS, ANSS, ASML, BKNG, CDNS, CTSH, DDOG, EBAY, MAR, TMUS, TXN, WBD, FANG, LCID, AEP, GEHC, PAYX, PEP, SNPS, ZM,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 6
AEP, GEHC, PAYX, PEP, SNPS, ZM,
Moving Below 30 DMA = 1
ADSK,
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