SPX, NDX Close Lower after Better-than-expected PCE Inflation Report while DJI, RUT Close Higher...Energy, Utilities, Communication Lead Sectors Higher...NVDA Leads Semis and Tech Stocks Lower...

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The SPX -7.20, 5,738, opened higher after PCE and Core PCE reported M/M 0.1% vs 0.2% and Y/Y headline 2.2% vs 2.3% estimate and Core 2.7% vs 2.7% inline, traded in a range and closed slightly lower .  SPX closed above 5,700 for the seventh day.  DJI closes at a new all-time closing high.

The NDX -0.53% opened higher, traded in a range and closed lower.

NVDA -2.64, -2.13%, opened flat, traded lower and closed lower but above the low of the day.   

AVGO -5.40, -3.03%, pulled back from its all-time high of 185.16 on Thursday.

COST -15.82, -1.75%, closed above its low of the day after a horizontal support bounce, after an EPS beat and a sales miss $79.697B vs $79.973B estimate.

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

SPY down .83 at 571.47, 42.1 million shares, below average volume

VIX up 1.59 at 16.96

QQQ down 2.72 at 486.75

CVX, V, UNH, BA led the DJIA, 24 advancers, +4

WYNN, WBA, APA, LVS led the SPX, 336 advancers

PDD, SMCI, LYLY, BKR led the NDX, 48 advancers

Up:  IWM, DIA,

Down:  SPY, QQQ,

Eight of eleven sectors were higher on Friday, led by XLE, XLU and XLC

The SPY MFC green line is flat at 93.0 and is short-term bullish. -0.7

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

Neutral sectors: 

Down trend sectors:  XLE,

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: Sideways

48 of 100 NDX stocks closed higher on Friday.

71 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, EXC, XEL, MDLZ, KDP, PYPL, DASH, MELI, FTNT, GEHC, TTD, ADSK, NFLX, CSCO, BKNG, MAR, MNST, AMZN, FAST, IDXX, LIN, PCAR, TSLA, AMD, ARM, MSFT, ADI, AVGO, CEG, CRWD, CDNS, META, PCAR, WBD, ABNB, QCOM, TXN, INTC, BKR, CMCSA, DDOG, AAPL, ANSS, CPRT, GOOGL, HON, TMUS, TXN, AMAT, NVDA, ORLY, PDD, LRCX, MU, SBUX, CDW, CSX, CTSH, ILMN, KLAC, LULU, MCHP, NXPI, ON, QCOM, ROP, SNPS, AEP, KHC, ODFL,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 3

AEP, KHC, ODFL,

Moving Below 30 DMA = 8

ADP, ASML, COST, ISRG, MDB, MRVL, ROST, TEAM,

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