SPX Rallies From Lower Open...Energy, Technology Lead Sectors...Fed Speakers Noisy add to Volatility...

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The SPX -12.94 opened lower after futures fell beginning about 3:15 am ET when interest rates started rising and DXY started falling.  Fed speakers Bullard, Bostic, Bowman, Mester and Kashkari added plenty of noise to the intraday volatility, but the SPX managed to close 27 points higher than it opened.

DIA opened lower and trended higher to close up three cents.  SPY, QQQ and IWM opened lower, trended up, closed higher than its open and closed lower than Wednesday’s close. DIA, SPY, QQQ  and IWM form bull flag price pattern.

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

SPY down 1.21 at 394.24, on 74.4 million shares, below average volume, down on higher volume.

VIX down .18 at 23.93

QQQ down .63 at 284.81

CSCO, MRK, AAPL, AMGN led the DJIA, 17 advancers, +4

BBWI, GPS, QRVO, HAS led the SPX, 174 advancers

JD, BIDU, PDD, MRVL led the NDX, 36 advancers

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

Up:  DIA,

Down: QQQ, SPY, IWM,

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

Energy leaders:  PSX, FANG, VLO, COP

Technology leaders:  QRVO, CSCO, HAS SEDG

Advancers strengthened on Thursday as decliners led 2,043 to 1,105 on the NYSE and led 2,914 to 1,751 on the NASDAQ.

The SPY MFC green line turned down at 93.6 and is counter-trend defensive.  SPY opened lower, closed lower and above its open.

Uptrend sectors:  XLE, XLF, XLB, XLI, XLV,

Neutral sectors:  XLP,

Down trend sectors:  XLK, XLRE, XLU, XLY, XLC,

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down a little

36 of 100 NDX stocks closed higher on Thursday

84 NDX stock are above their 30 DMA:   BIIB, ORLY, DXCM, GILD, PCAR, AMGN, KHC, PEP, SIRI, ILMN, EA, HON, ISRG, WBA, BKNG, ADP, CTAS, CSCO, DLTR, MRNA, AMAT, CHTR, COST, CSX, IDXX, LRCX, MDLZ, MNST, NVDA, ROST, TMUS, AZN, LULU, KLAC, FAST, INTC, MU, VRTX, XEL, AEP, EBAY, MELI, ADI, ASML, AVGO, CMCSA, MAR, MCHP, NXPI, ODFL, PAYX, PDD, SBUX, SWKS, TXN, ADBE, ANSS, AAPL, ADSK, AMD, ATVI, CDNS, CPRT, FISV, FTNT, JD, MRVL, MSFT, MTCH, NFLX, PYPL, QCOM, SNPS, SPLK, VRSN, WDAY, ZM, DOCU, BIDU, CTSH, GOOGL, NTES, SGEN, REGN,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 1

REGN,

Moving Below 30 DMA = 4

ALGN, DDOG, EXC, VRSK,

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