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The SPX opened higher, traded higher for the first 30 minutes before pulling back into a typical expiration Friday trading range.
The SPX opened higher, traded higher for the first 30 minutes before pulling back into a typical expiration Friday trading range.
SPX -3.26, -0.08%, closed at 4,155.
TSLA -1.01%, bounce at 3-month support.
SPY = channel bounce pause.
Seven of eleven sectors were higher on Friday, led by XLF, XLU and XLI.
Financial leaders: STT, MS, SCHW, C
Utilities leaders: D, EVRG, SRE, ETR,
SPY down .34 at 414.94, on 76.5 million shares, average volume, down on lower volume.
VIX down .52 at 20.15
BA, GS, JPM, CAT led the DJIA, 17 advancers, -7
The two-year trend term is up. The one-year trend is up.
Up: DIA, IWM,
Advancers weakened on Friday as advancers led 1,964 to 1,354 on the NYSE and led 2,383 to 1,835 on the NASDAQ.
The SPY MFC green line is turned down today, after one up at 51.8 and is defensive. SPY is a channel bounce. Price is still above May 12 and 19 short-term support.
Uptrend sectors: XLF, XLP, XLB, XLE, XLRE, XLV, XLI, XLU, XLC, XLY, XLK,
Down trend sectors:
The 6-month intermediate trend is up. The ten-day trend is down a little.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up a little
33 of 100 NDX stocks closed higher on Friday.
41 NDX stocks are above their 30 DMA: ORLY, XEL, COST, CERN, VRSN, ALXN, CHTR, MDLZ, KHC, PEP, BIIB, GILD, TMUS, REGN, SGEN, CSCO, PAYX, WBA, EXC, INTU, WDC, TCOM, NTES, ATVI, FB, MXIM, ADI, ADP, AMGN, CPRT, FAST, GOOGL, IDXX, ILMN, MRVL, NXPI, ZM, ALGN, EBAY, NVDA, PTON,
NDX Stocks to Watch on Monday:
Moving Below 30 DMA = 8
ASML, EA, INCY, LRCX, MCHP, MRNA, PDD, VRTX,
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