NDX Hits New High Before Closing Slightly Lower, SPX Forms Doji at March Resistance, Financial and Industrial Sectors Lead...

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NDX -75.03, -0.77%, and SPX -10.82, -0.34%, opened lower and closed slightly lower both at multi-month resistance.  The NDX hit a new all-time high intraday before forming a spinning top and closing slightly lower.  The SPX closed 24 points below its Mar 3 intermediate-term resistance.

The Employment Situation jobs report will be released Friday morning before the market open at 8:30 am ET.

Four of eleven sectors were higher on Thursday, led by XLF, XLI and XLB

SPY down .82 at 311.36 on 75.7 million shares, below average volume, down on lower volume.

VIX up .15 at 25.81

BA, TRV, DOW led the DJIA, 14 advancers, -11

FOSL, DAL, HP, JWN led the SPX, 245 advancers

AAL, UAL, EBAY, MAR led the NDX, 33 advancers

The two-year trend term is up.  The one-year trend is up.

Up: DIA,

Down: IWM, SPY, QQQ,

Breadth weakened on Thursday as advancers led 1,605 to 1,355 on the NYSE and led 1,704 to 1,608 on the NASDAQ

The SPX MFC green line is pointed up at 96 and is short-term bullish.  Price action is a breakout setup at 3-month resistance.

Uptrend sectors:  XLV, XLK, XLY, XLC, XLB,

Neutral sectors:  XLE, XLI, XLF, XLU, XLRE, XLP,

Down trend sectors:

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

33 of 100 NDX stocks closed higher on Thursday.

85 NDX stocks are above their 30 DMA:  AMZN, CDNS, CSCO, ILMN, KHC, AVGO, CHTR, IDXX, ISRG, KLAC, LULU, MSFT, MXIM, NVDA, ORLY, SNPS, SWKS, ADI, FB, QCOM, SBUX, AAPL, ADSK, EBAY, FAST, GOOGL, INTU, LBTYA, MCHP, MELI, MNST, PYPL, SPLK, WDAY, ADBE, ALGN, TSLA, BMRN, VRSK, FISV, CPRT, ZM, AMAT, JD, NTES, TMUS, CHKP, CSX, CTAS, EXPE, FOXA, INTC, LRCX, ADI, ANSS, AVGO, BKNG, CDW, CMCSA, CSX, DLTR, INTC, MAR, MXIM, NXPI, PCAR, ROST, TXN, XLNX, PAYX, ULTA, WDC, EXC, AAL, ALXN, MU, SIRI, TCOM, UAL, ADP, CERN, COST, MDLZ, REGN, XEL, WBA, NXPI, NTAP, GILD, 

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 1

GILD,  

Moving Below 30 DMA = 6

EA, INCY, PEP, SGEN, VRSN, VRTX,

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