SPX Flat, NDX Higher on Mega-cap Strength...Technology, Consumer Discretionary, Communication Services Lead Sectors...DECK Up, MHK Down on EPS Reactions...

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The SPX -1.74, 5,808, opened higher, traded in a range and closed slightly lower.  Breadth was mixed with strength in technology but weaker overall than Thursday. The SPX closed above 5,800 for the nineth time in ten days. 

The NDX +0.59% opened higher, traded in a range, and closed higher near its open. The NDX is still 300+ points below its July 10 all-time high, the Nasdaq Composite did make a new all-time intra-day high on Friday.

NVDA +1.13, +0.80% opened higher, traded in a higher range and closed above the high of the following day, a bull flag bounce and re-breakout.

DECK +16.07, +10.57% and MHK -20.99, -13.82% on earnings reactions.

First day reaction: Q3, Friday, (excludes Tuesday, Wednesday)

Positive: DECK, DLR, RMD COF, AON, WDC, CNC, LHX CINF, TSLA, MOH, WST, CBRE, POOL, RJF, TMUS, NOW, UPS, LRCX, TYL, LH, ALGN, LVS, FTI, NOC, NFLX, ISRG, SNA, TRV, BX, MTB, STLD, DFS, PPG, UAL, SYF, USB, PLD, JBHT, ABT, OMC, WBA, SCHW, PNC, JNJ, FAST, WFC, JPM, BLK, = 49

Neutral:  ORLY, DTE, LKQ, DOW, PG, RF, MMC, KMI, STT, BAC, PGR, UNH = 12

Negative:  MHK, UHS, HCA, HIG, PFG, CL, DOC, VRSN, DXCM, AJG, EW, WY, NEM, TER, CARR, ROL, TXT, IBM, TSCO, HAS, LUV, HON, KDP, VLTO, UNP, ALLE, DOV, AMP, GL, VLO, URI, SLB, AXP, FITB, ELV, CSX, TFC, CCI, EFX, HBAN, KEY, CFG, BK, DAL, DPZ = 45

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

SPY down .20 at 579.04, 47.2 million shares, average volume,

VIX up 1.25 at 20.33

QQQ up 3.00 at 495.32

INTC, CRM, MSFT, AMZN led the DJIA, 8 advancers, -3      

TPR, DECK, DLR, RMD led the SPX, 150 advancers

GFS, TSLA, ODFL, CDNS led the NDX, 66 advancers

Up:  QQQ,

Down:  SPY, IWM, DIA,

The SPY MFC green line turned down at 84.7 and is counter-trend defensive, -4.7, because price is below the low of the high day, Oct. 14.

Three of eleven sectors were higher on Friday, led by XLK, XLY and XLC. 

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

Neutral sectors: XLE,

Down trend sectors:

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 a little

66 of 100 NDX stocks closed higher on Friday.

57 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, PYPL, DASH, FTNT, TTD, ADSK, CSCO, BKNG, MAR, FAST, CEG, CRWD, PCAR, ABNB, DDOG, TMUS, ORLY, MU, ADP, ILMN, MRVL, NVDA, LULU, TEAM, SMCI, AAPL, PANW, ZS, TTWO, MNST, EA, DXCM, ISRG, NFLX, SBUX, CHTR, CMCSA, MSFT, BKR, NXPI, XEL, ADI, TSLA, TXN, VRTX, ANSS, AMZN, FANG, GFS, GOOGL, INTC, META, ODFL, ON, QCOM,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 10

ANSS, AMZN, FANG, GFS, GOOGL, INTC, META, ODFL, ON, QCOM,

Moving Below 30 DMA = 1

EXC,

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