SPX, RUT New All-time Closing Highs...NDX, DJI Closed Higher...After-hours: AMAT EPS Beats, Moves Lower...

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SPX +50.49, 7,798.99 an all-time new closing high.  Closed above 7,700 for an eighth day.  The SPX breakout last week joins DJI and RUT breakouts above June highs. 

RUT 3,052, anther new all-time closing high.

Breadth remained positive as advancers led on both the NYSE and the NASDAQ exchanges.

TPR -25.35, -16.49%, EPS $1.32 beats $1.28 estimate, sales $1.876B in line.

SPX advancers: WDAY SNDK GDDY CSGP TTD FISV FDXF WDC GPN INTU HPQ.

SPX decliners: TPR CSCO COHR LITE GLW MOS FCX ANET NEM ULTA MCK.

After-hours: AMAT -26.91, -5.03%, EPS $3.50 beats $3.40 estimate, sales $9.115B beat $8.991B estimate, an EPS beat with a negative reaction.

SPCX closed at 141.29, -3.33 on above average volume of 120.8 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  Absorbing insider/private selling does not mean the stock is not speculative, but it does mean there are more buyers than sellers and intelligent speculative buyers are speculating to make money.

SPY +0.70%, all-time closing high, below average volume of 35.6 million shares.

VIX +0.08, 14.63 second lowest close in three-months. 

NDX +1.15% bull flag bounce continuation.DJI, 53,839 +0.13%, bull flag setup.

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

Up: QQQ, SPY, IWM, DIA,

Down:

The SPY MFC green line is up at 92, price-action on Thursday, closed above horizontal resistance for an eighth day and is short-term bullish. +2.7

Eight of eleven sectors were higher on Thursday. 

69 of 100 NDX stocks closed higher on Thursday.

69 NDX stocks are above their 30 DMA: FAST, PCAR, AMGN, ADP, PAYX, PYPL, REGN, CTAS, INTU, ROST, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, COST, CPRT, DASH, DXCM, IDXX, MSFT, CMCSA, GEHC, AVGO, CEG, AMZN, CRWD, FTNT, MDB, ORLY, PANW, CRWV, LITE, NFLX, NVDA, PLTR, MPWR, WBD, ADI, AXON, GILD, RKLB, SNPS, SPCX, VRTX, FANG, ISRG, ASML, SBUX, TER, CCEP, LRCX, MU, MRVL, NBIS, STX, ARM, INTC, KDP, KLAC, MSTR, PEP, SNDK, TMUS,

NDX Stocks to Watch on Friday

Moving Above 30 DMA = 8

ARM, INTC, KDP, KLAC, MSTR, PEP, SNDK, TMUS,

Moving Below 30 DMA = 4

CSCO, FER, HON, PDD,

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