SPX Higher Close Day 3 in Broad Rally...Communication Services, Energy, Technology Leads Sectors Higher...ZS Leads NDX on Positive EPS Reaction...

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The SPX +61.18 opened higher, trended up and closed higher in broad rally on day three of a support bounce.

/CL, GLD, TLT and TNX closed higher, while DXY moved lower.

ZS +33.75, +21.88% and DOCU +6.09, +10.51% on positive EPS reactions.

SPY up 6.22 at 406.60, on 76.7 million shares, above average volume, up on lower volume.

VIX down .82 at 22.79

QQQ up 6.57 at 307.09

CRM, CAT, MMM, AXP led the DJIA, 24 advancers, -4

DISH, KR, TTWO, BKR led the SPX, 450 advancers

ZS, DOCU, TEAM, CRWD led the NDX 97 advancers

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

Up:  QQQ, IWM, SPY, DIA,

Down:

All eleven sectors were higher on Friday, led by XLC, XLE and XLK.

Communication Services leaders:  DISH, TTWO, MTCH, META

Energy leaders:  BKR, FTI, SWN, HAL

Technology leaders:  NOW, STX, MU, FTNT

Advancers strengthened on Friday as advancers led 2,701 to 541 on the NYSE and

led 3,330 to 1,269 on the NASDAQ.

The SPY MFC green line turned up at 20.4 and is short-term bullish.  SPY opened higher and closed higher for a third straight day.

Uptrend sectors:   XLY, XLU, XLI, XLP, XLRE, XLF, XLV,

Neutral sectors:   XLK, XLE, XLC,

Down trend sectors:  XLB,

The 6-month intermediate trend is down a little.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Up a little

3-day Short Term Market Trend: Up

97 of 100 NDX stocks closed higher on Friday

34 NDX stocks are above their 30 DMA:   ROST, PANW, PDD, GILD, AEP, LULU, ABNB, CTAS, DXCM, JD, ORLY, PYPL, SBUX, TMUS, WDAY, XEL, EXC, MAR, REGN, VRTX, AMGN, BIDU, BIIB, BKNG, CRWD, FISV, FTNT, MELI, META, MNST, NFLX, TEAM, TSLA, ZS

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 14

AMGN, BIDU, BIIB, BKNG, CRWD, FISV, FTNT, MELI, META, MNST, NFLX, TEAM, TSLA, ZS

Moving Below 30 DMA = 0

 

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