SPX Closed Higher on Friday...Markets Closed Monday, Christmas Holiday Observance...

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Have a peaceful and joyful Christmas Holiday three-day weekend!

 - The SPX +22.43 bounced on Friday, after Thursday’s reversal of Wednesday’s bounce, and closed just below the high of the low day (Thursday).

 - DIA close above the high of Thursday’s long-tailed hammer and SPY and IWM closed just below Thursday’s high. 

 - VIX moved lower.

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

SPY up 2.19 at 382.91, on 59.8 million shares, below average volume, up on lower volume.

VIX down 1.10 at 20.87

QQQ up .60 at 267.36

VZ, NKE, PG, MRK led the DJIA, 25 advancers, +21

FDX, VFC, KR, VNO led the SPX, 417 advancers

WBD, VRTX, CHTR, KHC led the NDX, 61 advancers

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

Up:  SPY, DIA, IWM, QQQ,

Down:

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

Advancers strengthened on Friday as advancers led 2,086 to 1,023 on the NYSE and led 2,384 to 2,168 on the NASDAQ.

The SPY MFC green line pointed down at 23.9 and is short-term bearish.  SPY opened lower and closed higher.

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

Neutral sectors:  XLK, XLU, XLC, XLRE,

Down trend sectors:  XLY,

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

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Sideways

61 of 100 NDX stocks closed higher on Friday

23 NDX stock are above their 30 DMA:   KHC, ROST, AZN, XEL, AVGO, PDD, ATVI, JD, EXC, META, OKTA, WDAY, ALGN, SGEN, MRNA, ADBE, AEP, CTAS, MDLZ, PDD, BKR, CMCSA, MNST,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

BKR, CMCSA, MNST,

Moving Below 30 DMA = 0

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