RUT, NDX Led Friday's Reversal Bounce as SPX Closed Near Unchanged...Energy, Technology, Real Estate Led Sectors...NVDA Reports EPS on Tuesday...

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SPX -3.38, 6,734, opened lower and sold off for four minutes, reversed and trended up 98 points to the close.  Breadth strengthened on Friday, as advancers increased, but still trailed decliners. Advancing net change capital was larger than declining capital.  The SPX reversed Thursday overnight selloff and closed slightly lower but closed above the high of last Friday’s hammer.     

SPY opened lower, sold off for four minutes before reversing and closing near unchanged. The visual evidence continues to indicate that the intermediate trend is more probable to continue.  The four-week SPY trend is still up.  The three- and six-month trends are up.  Dave

NDX +0.06%, white candle bounces up from one week support. 

DJI, 47,147, -0.65%, bull flag setup, led by GS, UNH and AXP.

NVDA +3.31, 1.77%, EPS on November 19 AMC.

AVGO +2.48, 0.76%, at short term support.

ORCL +5.28, 2.43%, at intermediate term muti-month support.

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

SPY down -0.11 at 671.93, 96.8 million shares, above average volume.

VIX down -0.17 at 19.83,

QQQ up +0.46 at 608.86

NVDA, MSFT, CRM, CVX led DJIA, 10 advancers, +2

DASH, MU, WBD, DINO led SPX, 186 advancers,

DASH, MU, WBD, FANG led NDX, 40 advancers.

Up: IWM, QQQ,

Down: SPY, DIA,

The SPY MFC green line is pointed up at 69.2, and price-action closed above last Friday’s hammer and is short-term bullish. +0.5

Five of eleven sectors was higher on Friday led by XLE, XLK and XLRE. 

Uptrend sectors: XLK, XLV, XLY, XLI, XLC, XLU, XLF, XLE,

Neutral sectors: XLB, XLRE,

Down trend sectors: XLP,

The 6-month intermediate trend breakout is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down 

40 of 100 NDX stocks closed higher on Friday.

33 NDX stocks are above their 30 DMA: MU, WBD, CRWD, MRVL, EA, AEP, AMD, AMGN, AAPL, GOOGL, ROST, CSCO, ISRG, BIIB, MDB, QCOM, CTSH, AMZN, REGN, IDXX, MAR, AZN, DDOG, BKR, CCEP, FANG, MNST, SBUX, VRTX, GILD, KDP, INTU, ORLY,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

INTU, ORLY,

Moving Below 30 DMA = 5

ADI, KLAC, LRCX, NFLX, PDD,

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