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QQQ, SPY, DIA opened flat and shifted into a selloff day going into the 3-day Good Friday/Easter weekend. Earnings season continues Monday morning.
Oil futures, (/CL +2.39) closed above $100 again.
Talks between UKR / RUS continue to have no clear path towards a ceasefire.
Earnings season: Monday morning EPS reports from BAC, BK, SCHW, SYF and JBHT Monday AMC.
SPY down 5.52 at 437.79, on 97.8 million shares, average volume, down on higher volume.
VIX up .88 at 22.70
QQQ down 7.92 at 338.43.
NKE, CAT, DOW, MRK led the DJIA, 11 advancers, -17
The two-year trend term is up. The one-year trend is up.
Up:
Two of eleven sectors were higher on Thursday, led by XLE and XLU.
Energy leaders: SLB, HAL, FTI, WMB
Utilities leaders: PEG, NRG, SO, EXC
Advancers weakened on Thursday as decliners led 2,116 to 1,224 on the NYSE and led 3,239 to 1,508 on the NASDAQ.
The SPY MFC green line is pointed down at 55.9 and is defensive. SPY sold off to Wednesday short-term support in a 12-day pullback in a sideways channel.
Uptrend sectors: XLE, XLU, XLP, XLV, XLB, XLRE,
Down trend sectors: XLK, XLY, XLC,
The 6-month intermediate trend is up. The ten-day trend is down.
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Down
91 of 100 NDX stocks closed higher on Thursday.
43 NDX stocks are above their 30 DMA: EXC, DLTR, KHC, COST, AEP, AMGN, PAYX, XEL, ADP, SGEN, AZN, REGN, CRWD, VRTX, CTAS, DXCM, PANW, VRSK, ABNB, TSLA, FTNT, SIRI, BIIB, NTES, PEP, BKNG, CMCSA, LULU, DOCU, MNST, ROST, TMUS, GILD, MDLZ, ORLY, HON, MAR, MRNA, SPLK, ZS, FISV, VRSN,
NDX Stocks to Watch on Monday:
Moving Below 30 DMA = 12
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