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Stocks opened higher after a mixed CPI report with MoM and YoY higher than expected. SPX, DJI and NDX opened higher and closed higher while RUT opened higher and closed lower,
SPX and SPY closed at new all-time closing highs. The SPX closed at 4,712 +44.57, and the NDX closed at 16,331, +182.41.
Positive Earnings Reactions on Friday:
ORCL +13.86, +15.61%
COST +34.49, +6.58%
SPY up 4.39 at 470.74, on 77.1 million shares, average volume, up on higher volume.
VIX down 2.89 at 18.69
CSCO, MSFT, AAPL, KO led the DJIA, 21 advancers, +9
The two-year trend term is up. The one-year trend is up.
Up: QQQ, SPY, DIA,
SPY = all-time closing high, BO setup
All eleven sectors were higher on Friday, led by XLK, XLP and XLE.
Technology leaders: ORCL, AVGO, FTNT, JNPR
Energy leaders: SWN, DVN, APA, BKR
Advancers strengthened on Friday as decliners led 1,763 to 1,583 on the NYSE and led 2,776 to 1,943 on the NASDAQ.
The SPY MFC green line is pointed up at 72.3 and is bullish. SPY is an all-time closing high.
Uptrend sectors: XLK, XLY, XLRE, XLE, XLB, XLI, XLF, XLV,
Down trend sectors: XLC,
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: Up
70 of 100 NDX stocks closed higher on Friday.
52 NDX stocks are above their 30 DMA: DLTR, VRSK, XLNX, AVGO, AAPL, COST, INTU, QCOM, KLAC, NXPI, PTON, VRSN, LRCX, MCHP, MU, GILD, VRTX, ADP, CDW, CSCO, FAST, ORLY, SNPS, TXN, XEL, CSX, MRVL, PEP, AEP, AMGN, ANSS, CTAS, CTSH, FISV, INTC, SBUX, WBA, ADI, ALGN, AMAT, CERN, GOOGL, MNST, REGN, MAR, PCAR, SWKS, CDNS, EXC, MDLZ, MSFT, PAYX,
NDX Stocks to Watch on Monday:
Moving Below 30 DMA = 2
INCY, NVDA,
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