Rally Continues as Semis Lead Tech...Energy, Discretionary, Tech Lead 10 Sectors Higher...

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Stocks opened higher, traded in an uptrend and the SPX +57.54 closed above Wednesday’s high, near its June 28 short-term resistance.  /CL, TNX closed higher, DXY, GLD were flat, while TNX moved lower.

SPY up 5.74 at 388.99, on 64.3 million shares, below average volume, up on lower volume.

VIX down 0.81 at 26.08

QQQ up 6.18 at 294.98

CAT, NKE, INTC, BA led the DJIA, 24 advancers, +6

ON, APA, SWN, CCL, FCX led the SPX, 394 advancers

LCID, MRNA, KLAC, SPLK led the NDX, 84 advancers

The two-year trend term is up.  The one-year trend down.

Up:  IWM, QQQ, SPY, DIA,

Down:

Ten of eleven sectors were higher on Thursday, led by XLE, XLY and XLK.

Energy leaders:  WEC, ATO, CMS, NI

Consumer Discretionary leaders:  CDNS, ANET, ADP, SNPS

Technology leaders:  WST, CTLT, MRNA, ZTS

Advancers strengthened on Thursday as advancers led 2,497 to 750 on the NYSE and led 3,465 to 1,151 on the NASDAQ.

The SPY MFC green line is pointed up at 36.8 and is short-term bullish.  SPY bounced higher, formed a white candle and closed above Wednesday’s high moving closer to short-term resistance.

Uptrend sectors: 

Neutral sectors:  XLE, XLU, XLV,

Down trend sectors:  XLP, XLY, XLB, XLI, XLK, XLF, XLRE, XLC,

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

84 of 100 NDX stocks closed higher on Thursday.

52 NDX stocks are above their 30 DMA:   SGEN, ZM, BIDU, PDD, JD, MNST, BIIB, CRWD, VRTX, DLTR, TEAM, TMUS, ATVI, AZN, COST, DXCM, OKTA, ORLY, KDP, KHC, MDLZ, ODFL, PEP, VRSK, AMGN, DDOG, GILD, PANW, SIRI, VRSN, ZS, AAPL, AMZN, CDNS, CPRT, FTNT, GOOGL, IDXX, INTU, MSFT, ADP, ANSS, CTAS, LCID, SNPS, ALGN, LULU, MELI, NFLX, QCOM, SPLK, TSLA,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 7

ALGN, LULU, MELI, NFLX, QCOM, SPLK, TSLA,

Moving Below 30 DMA = 0

  

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