SPX Closes Slightly Higher...Utilities, Technology, Communication Services Lead Sectors...INTC Led DJI, SPX, NDX...

© 2023

The SPX +5.36 opened slightly lower, traded in a range and closed slightly higher.  Profit taking in certain stocks continued on Thursday.

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

SPY up .55 at 449.68 on 66.6 million shares, below average volume, closed higher on lower volume. 

VIX up .14 at 14.32

QQQ up .33 at 385.95

INTC, MCD, MSFT, TRV led the DJIA, 17 advancers, -5

INTC, GEN, SYK, GNRC led the SPX, 225 advancers

INTC, ISRG, DXCM MELI, GOOGL, led the NDX, 47 advancers.

The two-year trend term is sideways.  The one-year trend is up.

Up:  SPY, QQQ,

Down:  DIA, IWM,

Seven of eleven sectors were higher on Thursday, led by XLU, XLK and XLC.

The SPY MFC green line turned up at 97 and is short-term bullish.  SPY opened slightly lower and closed slightly higher.

Uptrend sectors:   XLE, XLC, XLK,

Neutral sectors:  XLF, XLY, XLI, XLB, XLV,

Down trend sectors:  XLU, XLRE, XLP,

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

3-month Intermediate Term Market Trend: Up a little

3-day Short Term Market Trend: Up

47 of 100 NDX stocks closed higher on Thursday.

76 NDX stocks are above their 30 DMA:  FAST, MSFT, LULU, NFLX, DLTR, ORLY, INTC, AEP, AMZN, CEG, CRWD, CTAS, ROST, TMUS, ADBE, ASML, CDNS, DXCM, GEHC, KDP, KLAC, MDLZ, MELI, SNPS, AMD, AVGO, HON, META, MNST, MU, PEP, QCOM, SIRI, AAPL, AMAT, CPRT, EA, KHC, LRCX, NVDA, SBUX, COST, CSGP, PCAR, PDD, WDAY, ZS, BKNG, DDOG, INTU, MAR, MRVL, VRSK, ADI, ADSK, ANSS, IDXX, ISRG, MCHP, PAYX, ABNB, CSX, CTSH, EXC, GFS, GOOGL, NXPI, ODFL, PYPL, TEAM, TMUS, TXN, XEL, ZM, JD,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 6

AMGN, BKR, CSCO, PANW, WBA, WBD,

Add Comments here: