SPX Bounce above the High of the Low Day...TSLA Leads NDX...Communication Services, Technology, Consumer Discretionary Lead all Sectors Higher...

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The SPX +66.06 opened higher, recovered all of Wednesday’s selloff plus 20 points and closed > the HOLD.

QQQ, IWM and SPY closed above Wednesday’s high. 

VIX moved lower.

XLC, XLK, XLY which is about 43% of SPX sector weighting led all sectors.

TSLA closed higher and led the NDX on a countertrend bounce for a second day in a row.

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

SPY up 6.78 at 383.44, on 66.9 million shares, below average volume, up on lower volume.

VIX down .70 at 21.44

QQQ up 3.48 at 266.44

DIS, CRM, AAPL, MSFT led the DJIA, 28 advancers, +27

SIVB, VFC, MHK, CTLT led the SPX, 477 advancers

TSLA, WBD, DDOG, ILMN led the NDX, 97 advancers

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

Up:  IWM, QQQ, SPY, DIA,

Down:

All eleven sectors were higher on Thursday, led by XLC, XLK and XLY.

Advancers strengthened on Thursday as advancers led 2,627 to 524 on the NYSE and led 3,733 to 859 on the NASDAQ.

The SPY MFC green line pointed down at 18 and is short-term bearish.  SPY opened higher and closed higher.

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

Neutral sectors:  XLRE, XLK, XLC,

Down trend sectors:  XLY,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

97 of 100 NDX stocks closed higher on Thursday

26 NDX stock are above their 30 DMA:   KHC, ROST, AZN, XEL, AVGO, PDD, ATVI, EXC, OKTA, WDAY, ALGN, AEP, MDLZ, PDD, MNST, ORLY, ADBE, BKNG, BKR, CTAS, FISV, HON, ISRG, JD, META, SGEN,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 10

ADBE, BKNG, BKR, CTAS, FISV, HON, ISRG, JD, META, SGEN,

Moving Below 30 DMA = 0

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