SPX +12% for the 4-day Week...Be Safe and Enjoy the 3-day Good Friday/Easter Weekend...

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The SPX +39.84, +1.45% traded in a range on expiration Thursday after a gap up open.  The SPX broke out of a W pattern on Monday and gained +301.17, +12.1% for the four-day week.  SPX closed at its highest level since March 10.   VIX closed at its lowest level since March 5.

Ten of eleven sectors were higher on Thursday, led by XLF, XLRE and XLU

SPY up 4.17 at 278.20 on 190.2 million shares, below average volume.  Up on higher volume.

VIX down 1.68 at 41.67

JPM, DOW, TRV led the DJIA, 19 advancers, -9

GCI, APA, WELL, SWN led the SPX, 378 advancers

UAL, AAL, CTSH, XEL led the NDX, 55 advancers

Two-year trend term is up.  A new 3-week uptrend has emerged following a higher low W pattern reversal.  3-day short term trend is up.

Up: IWM, SPY, DIA, XLK

QQQ,

Down:

Breadth continued strong on Thursday as advancers led 2,583 to 422 on the NYSE and led 2,550 to 732 on the NASDAQ

The SPX MFC green line is pointed up at 45.7 and is a short-term bullish. 

Uptrend sectors:  XLV, XLB, XLU, XLK,

Neutral sectors:  XLRE, XLC, XLP,

Down trend sectors: XLY, XLI, XLF, XLE,

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

55 of 100 NDX stocks closed higher on Thursday.

86 NDX stocks are above their 30 DMA:  CTXS, SGEN, AMZN, CDNS, NFLX, REGN, TTWO, VRTX, ALXN, NTES, INCY, AMGN, ATVI, CHKP, CSCO, EA, ILMN, INTC, KHC, VRSN, XLNX, AMD, ANSS, AVGO, CHTR, COST, CSX, IDXX, ISRG, JD, KLAC, LULU, MDLZ, MSFT, MU, MXIM, NVDA, ORLY, PCAR, PEP, SNPS, SWKS, TMUS, TXN, VRSK, ADI, FB, LRCX, QCOM, SBUX, WLTW, AAPL, ADP, ADSK, AMAT, BIIB, CDW, CERN, CMCSA, CSGP, CTSH, DLTR, EBAY, FAST, FISV, FOXA, GOOGL, INTU, LBTYA, MCHP, MELI, MNST, PYPL, ROST, SPLK, ULTA, WDAY, WDC, XEL, ADBE, ALGN, BKNG, CPRT, EXC, NTAP, TSLA,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 7

ADBE, ALGN, BKNG, CPRT, EXC, NTAP, TSLA,

Moving Below 30 DMA = 1

GILD,

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