SPX, NDX Close Lower on NVDA, Semiconductor, Technology Weakness...IWM Closes Higher...Real Estate, Consumer Staples, Utilities Lead Sectors Higher...

© 2024

The SPX -44.39, 5,815, opened slightly higher, reversed, trended down and closed lower in a counter-trend pullback.  The SPX closed above 5,800 for the third time. 

The NDX -1.37%, opened flat, trended down and closed lower.  The NDX was a breakout test today.

NVDA -4.47, -4.69%, opened flat, trended down and closed in a counter-trend pullback.  

First day reaction: Q3, Monday = 8

Positive:  WBA, SCHW, PNC, JNJ, FAST, WFC, JPM, BLK, = 4

Neutral:  STT, BAC, PGR, UNH = 4

Negative:  BK, DAL, DPZ = 3

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

SPY down 4.54 at 579.78, 54.2 million shares, above average volume

VIX up .94 at 20.64

QQQ down 6.65 at 490.85

BA, WMT, MRK, JNJ led the DJIA, 15 advancers, -6

WBA, CCL, SCHW, NCLH led the SPX, 244 advancers

MRVL, ROST, MNST, MDLZ led the NDX, 40 advancers

Up:   IWM,  

Down:  SPY, DIA, QQQ,

Six of eleven sectors were higher on Tuesday, led by XLRE, XLP and XLU.

The SPY MFC green line turned down at 95.7 and is counter-trend defensive. -1.5

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

Neutral sectors: 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 a little

40 of 100 NDX stocks closed higher on Tuesday.

68 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, PYPL, DASH, FTNT, GEHC, TTD, ADSK, NFLX, CSCO, BKNG, MAR, FAST, ARM, AVGO, CEG, CRWD, META, PCAR, ABNB, INTC, BKR, CMCSA, DDOG, CPRT, GOOGL, TMUS, ORLY, PDD, MU, SNPS, ADP, ILMN, MRVL, NVDA, LULU, TEAM, SMCI, AAPL, ANSS, CDNS, HON, PANW, SNPS, ZS, AMZN, CSX, ODFL, QCOM, TTWO, MDB, MNST, VRTX, EXC, GFS, LIN, PEP, ROP, CHTR, CSGP, CTSH, EA, VRSK,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

COST,

Moving Below 30 DMA = 15

ADI, AMAT, AMD, ASML, CDW, DXCM, FANG, ISRG, KLAC, LRCX, MCHP, MELI, NXPI, ON, TXN,

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SPX, DJIA, NVDA Open Higher Make New All-time Closing High...Technology, Utilities, Real Estate Lead Sectors

© 2024

The SPX +44.82, 5,859, opened higher, trended up and closed at a new all-time-closing high.  The SPX closed above 5,800 for the second time.  The DJI closed at a new all-time-closing high.

The NDX +0.82%, opened higher, trended up and closed higher.  The NDX was a short-term breakout today.

NVDA +3.27, +2.43%, opened higher, trend higher, closed at a new all-time closing high.  

First day reaction: Q3

Positive:  FAST, WFC, JPM, BLK, = 4

Neutral:  = 0

Negative:  BK, DAL, DPZ = 3

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

SPY up 4.74 at 584.32, 36.2 million shares, below average volume

VIX down .76 at 19.70

QQQ up 4.14 at 497.50

AAPL, MCD, TRV, GS led the DJIA, 21 advancers, -7

VST, QCOM, HUM, DAL led the SPX, 398 advancers

ARM, MRVL, QCOM, AMAT led the NDX, 75 advancers

Up:  QQQ, SPY, IWM, DIA,  

Down: 

Ten of eleven sectors were higher on Monday, led by XLK, XLU and XLRE.

The SPY MFC green line is pointed up at 97.2 and is short-term bullish. +3.5

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

Neutral sectors: 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

75 of 100 NDX stocks closed higher on Monday.

82 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, PYPL, DASH, FTNT, GEHC, TTD, ADSK, NFLX, CSCO, BKNG, MAR, FAST, AMD, ARM, AVGO, CEG, CRWD, META, PCAR, ABNB, INTC, BKR, CMCSA, DDOG, CPRT, GOOGL, TMUS, AMAT, ORLY, PDD, LRCX, MU, SNPS, ADP, ADI, ILMN, KLAC, MRVL, NVDA, FANG, LULU, TEAM, SMCI, AAPL, ANSS, ASML, CDNS, CDW, DXCM, HON, PANW, SNPS, ZS, AMZN, CSX, NXPI, ODFL, QCOM, TTWO, MDB, MNST, VRTX, EXC, GFS, ISRG, LIN, MCHP, MELI, PEP, ROP, TXN,  CHTR, CSGP, CTSH, EA, ON, VRSK,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 6 

CHTR, CSGP, CTSH, EA, ON, VRSK,

Moving Below 30 DMA = 1

AMGN,

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SPX, DJI Close at All-time Closing High...SPX Closes Above 5,800...Financial, Indutrials, Real Estate Lead Sectors...FAST, WFC Lead EPS Reactions...

© 2024

The SPX +36.67, 5,815, opened slightly lower after the PPI report, reversed and closed at a new all-time closing high.  The SPX closed above 5,800 for the first time.  The DJI also closed at a new all-time closing high.

The NDX +0.15%, opened lower, reversed and closed higher.  The NDX is an HBO setup.

NVDA -0.01, -0.01%, traded in a range.  

First day reaction: Q3

Positive:  FAST, WFC, JPM, BLK, = 4

Neutral:  = 0

Negative:  BK, DAL, DPZ = 3

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

SPY up 3.45 at 579.58, 42.2 million shares, below average volume

VIX down .47 at 20.46

QQQ up .77 at 493.36

JPM, BA, GS, AMGN led the DJIA, 28 advancers, +19

UBER, FAST, GWW, WFC led the SPX, 433 advancers

FAST, DASH, PCAR, SMCI led the NDX, 81 advancers

Up:  IWM, DIA, SPY, QQQ,

Down: 

Ten of eleven sectors were higher on Friday, led by XLF, XLI and XLRE.

The SPY MFC green line is pointed up at 93.7 and is short-term bullish. +.6

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

Neutral sectors: 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: Up

81 of 100 NDX stocks closed higher on Friday.

77 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, PYPL, DASH, FTNT, GEHC, TTD, ADSK, NFLX, CSCO, BKNG, MAR, FAST, AMD, ARM, AVGO, CEG, CRWD, META, PCAR, ABNB, INTC, BKR, CMCSA, DDOG, CPRT, GOOGL, TMUS, AMAT, ORLY, PDD, LRCX, MU, SNPS, ADP, ADI, ILMN, KLAC, MRVL, NVDA, FANG, LULU, TEAM, SMCI, AAPL, ANSS, ASML, CDNS, CDW, DXCM, HON, PANW, SNPS, ZS, AMZN, CSX, NXPI, ODFL, QCOM, TTWO, MDB, MNST, VRTX, AMGN, EXC, GFS, ISRG, LIN, MCHP, MELI, PEP, ROP, TXN,  

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 10 

AMGN, EXC, GFS, ISRG, LIN, MCHP, MELI, PEP, ROP, TXN,

Moving Below 30 DMA = 1

TSLA,

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SPX, NDX Close Slightly Lower after CPI Report 0.1% Higher Than Expected...Energy, Basic Materials Lead Sectors...JPM, WFC + 3 Report EPS BMO Friday as Earnings Season Kicks Off...

© 2024

CPI report BMO came in 0.1% higher than consensus estimate.  M/M 0.2% vs 0.1% est., Y/Y 2.4% vs 2.3% est, Core CPI M/M 0.3% vs 0.2% est., Y/Y 3.3% vs 3.2%.  Futures sold off and the SPX and other indexes opened lower before bouncing off support lows. 

The SPX -11.99, 5,780, opened lower after the CPI report, completed a BO test at support, rallied and traded in a range closing above Wednesday’s S1 level.  The SPX closed above 5,700 for the fourteenth time since Sept. 19.  The DJI closed slightly lower and above Wednesday’s S1 level.

The NDX -0.13%, opened lower, traded in a range and closed slightly lower.  The NDX is an HBO setup.

NVDA +2.16, +1.63%, opened lower, reversed and closed higher just 77 cents below its all-time closing high on June 18. 

Earnings reactions: DPZ, -1.08%, DAL -1.08%

SPX EPS reports

Friday: BK, BLK, FAST, JPM, WFC, 

PPI report Friday 8:30 am ET BMO

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

SPY down 1.01 at 576.14, 44.0 million shares, below average volume

VIX up .07 at 20.93

QQQ down .56 at 492.59

UNH, AMZN, CRM, TRV led the DJIA, 9 advancers, -19

CRWD, BBWI, MOS, MU led the SPX, 164 advancers

MDB, CRWD, ZS, DDOG, TEAM led the NDX, 37 advancers

Up: 

Down:  DIA, QQQ, SPY, IWM,

Two of eleven sectors were higher on Thursday, led by XLE, XLB and XLK

The SPY MFC green line is pointed up at 93.1 and is short-term bullish. +3.1

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

Neutral sectors: 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: Up

37 of 100 NDX stocks closed higher on Thursday.

68 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, PYPL, DASH, FTNT, GEHC, TTD, ADSK, NFLX, CSCO, BKNG, MAR, FAST, TSLA, AMD, ARM, AVGO, CEG, CRWD, META, PCAR, ABNB, INTC, BKR, CMCSA, DDOG, CPRT, GOOGL, TMUS, AMAT, ORLY, PDD, LRCX, MU, SNPS, ADP, ADI, ILMN, KLAC, MRVL, NVDA, FANG, LULU, TEAM, SMCI, AAPL, ANSS, ASML, CDNS, CDW, DXCM, HON, PANW, SNPS, ZS, AMZN, CSX, NXPI, ODFL, QCOM, TTWO, MDB, MNST, VRTX,  

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 3

MDB, MNST, VRTX,  

Moving Below 30 DMA = 9

CHTR, COST, CTSH, EXC, ISRG, MCHP, SBUX, TXN, VRSK,

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SPX, DJI Make New all-time Closing High...Technology, Health Care, Financial Lead Sectors...CPI Report Tomorrow BMO...Earnings Season Friday: JPM, WFC and more...

© 2024

The SPX +40.91, 5,792, opened flat, broke out of horizontal resistance and made a new all-time closing high.  The SPX closed above 5,700 for the thirteenth time since Sept. 19.  The DJI also made a new all-time closing high.

The NDX +0.80%, opened flat, trended up and closed higher.  The NDX is a HBO setup.

NVDA -0.24, -0.18%, opened higher, traded in a range and closed lower just $2.93 below its all-time closing high on June 18.   

CPI report Thursday 8:30 am BMO.  Consensus M/M 0.1%, Y/Y 2.3%, Core CPI consensus M/M 0.2%, Y/Y 3.2%.

SPX EPS reports

Thursday: DAL, DPZ,

Friday: BK, BLK, FAST, JPM, WFC,

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

SPY up 3.97 at 577.14, 37.8 million shares, below average volume

VIX down .56 at 20.86

QQQ up 3.85 at 493.15

HON, IBM, CAT, NKE led the DJIA, 28 advancers, +8

NCLH, CCL, RCL, GLW led the SPX, 376 advancers

MDB, TEAM, ZS, SMCI led the NDX, 82 advancers

Up:  DIA, QQQ, SPY, IWM,

Down: 

Ten of eleven sectors were higher on Wednesday, led by XLK, XLV and XLF

The SPY MFC green line is pointed up at 90 and is short-term bullish. +3

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

Neutral sectors: 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

82 of 100 NDX stocks closed higher on Wednesday.

74 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, EXC, PYPL, DASH, FTNT, GEHC, TTD, ADSK, NFLX, CSCO, BKNG, MAR, FAST, IDXX, PCAR, TSLA, AMD, ARM, AVGO, CEG, CRWD, META, PCAR, ABNB, INTC, BKR, CMCSA, DDOG, CPRT, GOOGL, TMUS, TXN, AMAT, ORLY, PDD, LRCX, MU, SBUX, SNPS, ADP, ISRG, ADI, ILMN, KLAC, MRVL, NVDA, FANG, LULU, TEAM, SMCI, AAPL, ANSS, ASML, CDNS, CDW, DXCM, HON, PANW, SNPS, VRSK, ZS, AMZN, CHTR, COST, CSX, CTSH, ISRG, MCHP, NXPI, ODFL, QCOM, TTWO, TXN,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 12

AMZN, CHTR, COST, CSX, CTSH, ISRG, MCHP, NXPI, ODFL, QCOM, TTWO, TXN,

Moving Below 30 DMA = 0

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SPX, NDX Regain Monday's Pull Back, Close Above Friday's Close...Technology, Consumer Discretionary, Communication Services Lead Sectors Higher...PEP Positive EPS Reaction...

© 2024

The SPX +55.19, 5,751, opened higher, trended up, regained Monday’s pullback and closed at Friday’s close.  The SPX is a bull flag bounce.  The SPX closed above 5,700 for the twelfth time since Sept. 19.

The NDX +1.55%, opened higher and regained all of Monday’s pull back and closed above Friday’s high.  The NDX is a bull flag bounce moving above the high of a following day and the low day.

NVDA +5.16, +4.04%, opened higher, trended up and closed higher just $2.69 below its all-time closing high on June 18.   

PEP +3.21, +1.52%, positive earnings reaction on an EPS beat and revenue miss as we enter the Q3 earnings season.

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

SPY up 5.37 at 573.17, 35.2 million shares, below average volume

VIX down 1.23 at 21.41

QQQ up 7.20 at 489.30

INTC, CRM, TRV, AAPL led the DJIA, 20 advancers, +16

PLTR, EW, CCL, BAX led the SPX, 312 advancers

PANW, SNPS, INTC, NVDA led the NDX, 84 advancers

Up:  QQQ, SPY, DIA, IWM,

Down: 

Nine of eleven sectors were higher on Tuesday, led by XLK, XLY and XLC

The SPY MFC green line turned up at 87 and is short-term bullish. +2.6

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

Neutral sectors: 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: Up

84 of 100 NDX stocks closed higher on Tuesday.

62 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, EXC, PYPL, DASH, FTNT, GEHC, TTD, ADSK, NFLX, CSCO, BKNG, MAR, FAST, IDXX, PCAR, TSLA, AMD, ARM, AVGO, CEG, CRWD, META, PCAR, ABNB, INTC, BKR, CMCSA, DDOG, CPRT, GOOGL, TMUS, TXN, AMAT, ORLY, PDD, LRCX, MU, SBUX, SNPS, ADP, ISRG, ADI, ILMN, KLAC, MRVL, NVDA, FANG, LULU, TEAM, SMCI, AAPL, ANSS, ASML, CDNS, CDW, DXCM, HON, PANW, SNPS, VRSK, ZS,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 11

AAPL, ANSS, ASML, CDNS, CDW, DXCM, HON, PANW, SNPS, VRSK, ZS,

Moving Below 30 DMA = 0

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SPX, NDX Reverse Friday's Jobs Report Rally...Energy leads Sectors...SMCI Leads SPX, NDX on Monday...NVDA Gains...

© 2024

The SPX -55.13, 5,695, opened lower, traded lower and reversed Friday’s gain.  The SPX is a bull flag setup.  The SPX closed below 5,700 for the second time since Sept. 19.

The NDX -1.17%, opened lower, trended lower and reversed Friday’s gain.  The NDX is a bull flag setup.

NVDA +2.80, +2.24%, opened flat traded in a range, closed higher and is a B-pattern setup.   

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

SPY down 5.18 at 567.80, 49.8 million shares, average volume

VIX up 3.43 at 22.64

QQQ down 5.22 at 482.10

BA, IBM, CAT, CVX led the DJIA, 4 advancers, -17

SMCI, APD, GNRC, ALB led the SPX, 107 advancers

SMCI, FANG, NVDA, PYPL led the NDX, 19 advancers

Up: 

Down:  IWM, SPY, DIA, QQQ,

One of eleven sectors was higher on Monday, led by XLE, XLI and XLB

The SPY MFC green line turned down at 84.4 and is counter-trend defensive. -3.4

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 sideways.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

19 of 100 NDX stocks closed higher on Monday.

51 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, EXC, PYPL, DASH, FTNT, GEHC, TTD, ADSK, NFLX, CSCO, BKNG, MAR, FAST, IDXX, PCAR, TSLA, AMD, ARM, AVGO, CEG, CRWD, META, PCAR, ABNB, INTC, BKR, CMCSA, DDOG, CPRT, GOOGL, TMUS, TXN, AMAT, ORLY, PDD, LRCX, MU, SBUX, SNPS, ADP, ISRG, ADI, ILMN, KLAC, MRVL, NVDA, FANG, LULU, TEAM, SMCI,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 1

SMCI,

Moving Below 30 DMA = 9

AAPL, AMZN, ASML, CDNS, CSX, CTSH, MNST, QCOM, XEL,

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SPX Rises on a Bull Flag Bounce after Strong Jobs Report...DJI makes new All-time Closing High...Financial, Consumer Discretionary, Technology Lead Sectors Higher...

© 2024

The SPX +51.13, 5,751, gapped higher after a better-than-expected Jobs Report Nonfarm payrolls of 254K vs 132.5K est. and 4.1% unemployment vs. 4.2% est.  After a first hour fill the gap pullback, the SPX rallied and closed higher with a bull flag bounce close above the high of the low day.  The SPX closed above 5,700 for the eleventh time in twelve days.

The DJI closed at a new all-time high.  

The NDX 1.22%, gapped higher, filled the gap, reversed and trended up.  The NDX bounced in a bull flag and closed above the HOLD.

NVDA +2.07, +1.68%, opened higher traded in a range and closed higher.   

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

SPY up 5.16 at 572.98, 43.0 million shares, below average volume

VIX down 1.28 at 19.21

QQQ up 5.73 at 487.32

JPM, AXP, BA, AMZN led the DJIA, 21 advancers, +16

ALB, UAL, DECK, DFS led the SPX, 356 advancers

TEAM, AMD, MDB, DDOG, TSLA led the NDX, 83 advancers

Up:  IWM, QQQ, SPY, DIA,

Down: 

Nine of eleven sectors were higher on Friday, led by XLF, XLY and XLK

The SPY MFC green line turned up at 87.8 and is short-term bullish. +0.9

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 a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little

83 of 100 NDX stocks closed higher on Friday.

59 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, EXC, XEL, PYPL, DASH, FTNT, GEHC, TTD, ADSK, NFLX, CSCO, BKNG, MAR, MNST, FAST, IDXX, PCAR, TSLA, AMD, ARM, AVGO, CEG, CRWD, META, PCAR, ABNB, INTC, BKR, CMCSA, DDOG, AAPL, CPRT, GOOGL, TMUS, TXN, AMAT, ORLY, PDD, LRCX, MU, SBUX, CSX, SNPS, ADP, ISRG, ADI, ILMN, KLAC, MRVL, NVDA, QCOM, ASML, FANG, AMZN, CDNS, CTSH, LULU, TEAM, 

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 5

AMZN, CDNS, CTSH, LULU, TEAM,   

Moving Below 30 DMA = 1

VRSK,

Add Comments here:

SPX, NDX Close Slightly Lower in Bull Flag Setup...Energy, Technology, Utilities Lead Sectors...Jobs Report Before the Open on Friday...

© 2024

The SPX -9.60, 5,699, opened lower, traded in a range for the balance of the day forming a doji candle in a bull flag setup.  The SPX closed below 5,700 for the first time since September 19. 

The NDX -0.05%, opened lower and traded up in a range.  The NDX formed a white spinning top in a bull flag setup.

NVDA +4.00, +3.37%, opened higher, after CEO indicated on Wednesday that demand for new Blackwell chip is “insane”, and trended up moving above the high of the low day in a bull flag setup.  

Jobs Report Friday morning 8:30 am ET BMO.

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

SPY down 1.04 at 567.82, 40.8 million shares, below average volume

VIX up 1.59 at 20.49

QQQ down .36 at 481.59

IBM, CRM, CVX, HD led the DJIA, 5 advancers, -8

MKTX, DINO, VLO, MPC led the SPX, 112 advancers

CEG, FANG, PCAR, NVDA led the NDX, 23 advancers

Up: 

Down:  QQQ, SPY, DIA, IWM,

Two of eleven sectors were higher on Thursday, led by XLE, XLK and XLU

The SPY MFC green line turned down at 86.9 and is counter-trend defensive. -2.5

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 sideways.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

23 of 100 NDX stocks closed higher on Thursday.

55 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, EXC, XEL, PYPL, DASH, FTNT, GEHC, TTD, ADSK, NFLX, CSCO, BKNG, MAR, MNST, FAST, IDXX, PCAR, TSLA, AMD, ARM, AVGO, CEG, CRWD, META, PCAR, ABNB, INTC, BKR, CMCSA, DDOG, AAPL, CPRT, GOOGL, TMUS, TXN, AMAT, ORLY, PDD, LRCX, MU, SBUX, CSX, SNPS, ADP, ISRG, ADI, ILMN, KLAC, MRVL, NVDA, QCOM, ASML, FANG, VRSK,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 3

ASML, FANG, VRSK,

Moving Below 30 DMA = 7

AEP, AMZN, CTSH, ISRG, KDP, LIN, WBD,

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