SPX, NDX Close Higher after Lower Open...Utilities, Technology, Health Care Led Sectors...

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SPX +23.02, 6,045, opened lower after an Air India plane crash in Ahmedabad, India involving a Boeing 787 Dreamliner, shortly after 4 am EDT this morning and a better-than-expected PPI report at 8:30 am EDT.  SPX did recover from the lower open during the first two hours of trading and traded in a jerky range for the balance of the Thursday.

“National Jerky Day on June 12 celebrates the rich history…of dried meat snacks known as jerky.”

The DJI, 42,967 +0.24%, rose.  The NDX +0.24% rose after a modest pullback on Wednesday. 

Breadth was mixed but strengthened moderately on Thursday.

TSLA -7.32, -2.24%, pullback after three-day bull flag bounce.

AVGO +3.16, +1.25%, bull flag bounce continuation.

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

SPY up 2.39 at 603.75, 64.1 million shares, average volume

VIX up .76 at 18.02,

QQQ up 1.25 at 533.66

UNH, AMGN, MRK, TRV led the DJIA, 19 advancers, +9

ORCL, NEM, CAH, VST led the SPX, 301 advancers,

DDOG, CEG, GILD, ON led the NDX, 56 advancers,

Up: SPY, QQQ, DIA,

Down: IWM,

The SPY MFC green line is UP at 97.2 and is short-term bullish. +1.4

Seven of eleven sectors were higher and one was unchanged on Thursday led by XLU, XLK and XLV

Uptrend sectors: XLI, XLU, XLK, XLY, XLC, XLB,

Neutral sectors: XLF, XLP, XLRE, XLE,

Down trend sectors: XLV,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little

27 of 100 NDX stocks closed higher on Thursday.

72 NDX stocks are above their 30 DMA: COST, CRWD, CTAS, MNST, NFLX, ADSK, AXON, BKNG, CDNS, IDXX, TTWO, CEG, INTU, ZS, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DDOG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, SNPS, PYPL, ADBE, HON, NVDA, VRSK, AMD, CTSH, AMZN, APP, ASML, CSCO, META, MU, ON, CSX, GEHC, TXN, MRVL, WBD, DASH, BIIB, FAST, GOOGL, LIN, AZN, GILD, PANW, SBUX, AMGN, CCEP, BKR, QCOM, GFS, NXPI, CSGP, SNPS, CMCSA, FANG, PCAR, PLTR, MDLZ, VRTX, CDNS, EA, INTC, PEP, ROP,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 4

EA, INTC, PEP, ROP,

Moving Below 30 DMA = 2

TTD, TSLA,

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