© 2023
-Employment Situation Jobs Report, 209K vs. 213K
forecast.
-Yoyo price reaction to Jobs Report on Friday.
-Breadth was stronger
on Friday.
-AAPL -1.13, 190.68, 4-day bull flag.
-TSLA -2.11, -0.76%, breakout test and re-breakout setup.
-Regional banks rallied: KRE +0.88, +2.17%, ZION
+1.20, +4.32%.
Mega
caps AMZN, NVDA rose and META, GOOGL, AAPL, TSLA, MSFT fell.
SPY down 1.11 at 438.55, on 86.1 million shares, above average volume, down on
higher volume.
VIX down .61 at 14.83
QQQ down 1.22 at 366.24,
CAT, MMM, CVX, JPM led the DJIA, 8 advancers, +6
SLB, HAL, FTI, MOS led the SPX, 250 advancers
LCID, JD, BKR, FANG led the NDX, 40 advancers.
The two-year trend term is sideways. The
one-year trend is up.
Up: IWM,
Down: SPY, QQQ, DIA,
Five of eleven sectors were higher on Friday, led by XLE,
XLB and XLI.
The SPY
MFC green line is flat at 92.3 and is short-term bullish. SPY opened lower, traded in a lower
range and closed above it’s open in a bull flag pullback.
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 a little.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Down
40 of 100 NDX stocks
closed higher on Friday.
60
NDX stock are above their 30 DMA: AAPL,
AMZN, ISRG, CSGP, MSFT, NVDA, CEG, META, VRSK,
FTNT, NFLX, AMAT, AVGO, TSLA, WDAY, CSCO, ADBE, PANW, NXPI, COST, PDD, ATVI, BKR,
CSX, DXCM, MCHP, ABNB, HON, PCAR, ALGN, SIRI, ADI,
FAST, INTU, ROST, ODFL, IDXX, PYPL, ON, ORLY, DLTR, ADP, CHTR, CMCSA,
EA, EXC, GFS, CTSH, DDOG, MAR, TMUS, WBD, LCID,
AEP, GEHC, PAYX, KDP, BKNG,
FANG, JD,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 3
BKNG, FANG,
JD,
Moving Below 30 DMA = 10
AMGN, CDNS, CPRT, CTAS, LRCX, LULU, PEP,
TXN, VRTX, XEL,
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