SPX Closes Higher...Industrials, Technology, Energy Lead all Sectors Higher...

 

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The SPX +57.13, 5,204.34, opened higher and closed higher after a higher-than-expected Jobs Report of 303K vs 200K consensus, but with an Average Hourly Earnings component with both Monthly and Yearly numbers as expected. 

The SPX moved a total of 429 points to finish 50 points lower or -0.95% for the week. The connect the dots path from the PCE inflation report on Good Friday to Monday’s ISM Mfg. Report to the Jolts Report, Factory Orders Report and Fed speakers Mester and Daly on Tuesday, to the ISM Services Report and Powell comments on Wednesday, to Kugler’s speech after the close Wednesday to the International Trade in Goods and Jobless Claims reports to Kashkari’s comments on Thursday to Jobs Report on Friday along with seventeen additional Fed speakers above the ones mentioned by name contributed to the 429 point choppy path for the week.

GE +8.91, +6.05%, led the SPX after the board raised its quarterly dividend by 250%.  

NVDA +21.03, +2.45%, 880.08, opened higher, reversed, traded in a range and sold off in the final two hours of trading.

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

SPY up 5.36 at 518.43 on 74.5 million shares, just above average volume, 

VIX down .32 at 16.03

QQQ up 5.13 at 440.47

AMZN, CRM, CAT, MSFT led the DJIA, 23 advancers, +21

GE, NEM, SOLV, ACGL, WDC led the SPX, 366 advancers 

MDB, CEG, DXCM, DASH led the NDX, 79 advancers

Up:  QQQ, SPY, DIA, IWM,

Down: 

All eleven sectors were up on Friday, led by XLI, XLK and XLE

The SPY MFC green line is pointed down at 78.2 and is defensive.

Uptrend sectors:  XLF, XLI, XLC, XLE, XLB, XLK, XLV, XLP, XLY,

Neutral sectors:  XLU, XLRE,

Down trend sectors: 

The 6-month intermediate trend is up.  The ten-day trend is Down a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

79 of 100 NDX stocks closed higher on Friday.

46 NDX stocks are above their 30 DMA:  CTAS, AMZN, DASH, NFLX, CDW, PCAR, CEG, QCOM, FANG, EXC, CPRT, MU, CSGP, BKR, AZN, DXCM, PYPL, MSFT, GOOGL, ANSS, PEP, KHC, TTD, AVGO, KDP, AEP, TTWO, ADP, META, XEL, FTNT, ODFL, ABNB, ADI, AMAT, ASML, BKNG, FAST, LIN, LRCX, MAR, MRNA, MRVL, NVDA, ORLY, PAYX,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 14

ABNB, ADI, AMAT, ASML, BKNG, FAST, LIN, LRCX, MAR, MRNA, MRVL, NVDA, ORLY, PAYX,

Moving Below 30 DMA = 0

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