SPY, DIA, QQQ Rise as Breadth Stronger...Health Care, Energy Lead Sectors...HPQ Leads SPX...COST Leads NDX

 
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SPY up 2.25 at 448.77, on 78.0 million shares, below average volume, up on lower volume.
VIX down .55 at 21.55
QQQ up .84 at 354.10.
 
MRK, WBA, HD, CVX led the DJIA, 16 advancers, +8
HPQ, LW, TGT, CRL led the SPX, 270 advancers.
COST, ORLY, IDXX, MRNA led the NDX, 58 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: SPY, DIA, QQQ,
Down:  IWM,
 
Seven (74.06%) of eleven sectors were higher on Thursday, led by XLV, XLE and XLP. 
 
Health Care l leaders: CRL, PFE, TMO, PKI
Energy leaders:  DVN, OXY, COP, MRO
Consumer Staples leaders:  LW, STZ, COST, CL
 
Advancers strengthened on Thursday as decliners led 1,722 to 1,590 on the NYSE and led 2,751 to 1,918 on the NASDAQ.
 
The SPY MFC green line is pointed down at 78.8 and is defensive.  SPY bounced in its 7-day bull flag pattern.    
 
 
Uptrend sectors:  XLE, XLU, XLP, XLV, XLB,
Neutral sectors:  XLRE, XLF, XLK, XLI,
Down trend sectors: XLY, XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Down
 
58 of 100 NDX stocks closed higher on Thursday.
 
63 NDX stocks are above their 30 DMA:  EXC, DLTR, KHC, COST, AEP, AMGN, PAYX, XEL, ADP, FAST, SGEN, AZN, REGN, CRWD, VRTX, AVGO, CTAS, DXCM, HON, PANW, TXN, VRSK, ADI, AMZN, CDNS, CPRT, FISV, IDXX, MELI, MSFT, ABNB, ILMN, PYPL, SNPS, SPLK, TSLA, FB, FTNT, GOOGL, SIRI, AAPL, BIIB, NTES, PEP, BKNG, CMCSA, LULU, MTCH, VRSN, ISRG, DOCU, INTU, MNST, ROST, TEAM, TMUS, GILD, MDLZ, ORLY, ADBE, KLAC, ZS,
 
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 3
ADBE, KLAC, ZS,
 
Moving Below 30 DMA = 3
KDP, PDD, ZM,
 
 
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