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SPX opened flat, traded in a trading range on Thursday and closed lower but in the high/low range of the past five trading days.
NDX -74.94, -0.58%, was a pullback to a bull flag setup.
SPX -14.30, -0.38%, closed at 3,795, is a four-day bull flag pattern.
TSLA fell -1.10%, is forming a bull flag setup.
Four of eleven sectors were higher on Thursday, led by XLE, XLRE and XLF.
Energy leaders: HFC, OXY, MRO, DVN
Real Estate leaders: SPG, IRM, VNO, KIM
SPY down 1.33 at 378.46 on 49.9 million shares, below average volume, down on slightly higher volume.
INTC, CVX, JNJ, AMGN led the DJIA, 14 advancers, -1
The two-year trend term is up. The one-year trend is up.
Up: IWM,
Advancers strengthened on Thursday as advancers led 2,208 to 970 on the NYSE and led 2,732 to 1,119 on the NASDAQ
The SPY MFC green line turned down at 90.2 and is counter-trend defensive. Price action is a four-day pullback.
Uptrend sectors: XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Down trend sectors:
The 6-month intermediate trend is up. The ten-day trend is up.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
45 of 100 NDX stocks closed higher on Thursday.
59 NDX stocks are above their 30 DMA: ALGN, TXN, ADI, AMAT, MU, MXIM, ASML, MNST, CSCO, AVGO, ADSK, TSLA, PYPL, AAPL, ANSS, ATVI, BIDU, CDNS, ILMN, ISRG, SNPS, CHKP, CERN, IDXX, ALXN, SWKS, ORLY, NTES, MRVL, PTON, BKNG, AMGN, INTC, JD, PDD, KLAC, NXPI, EBAY, GILD, LRCX, WBA, BIIB, FOXA, MCHP, QCOM, CSX, EXC, FAST, PCAR, CDW, CTAS, DOCU, INCY, MELI, REGN, OKTA, SPLK, EA, ZM,
NDX Stocks to Watch on Friday:
Moving Below 30 DMA = 5
DLTR, DXCM, MTCH, NVDA, ROST,
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