Strong Jobs Report Selloff and Recovery...Basic Materials, Industrials, Consumer Staples Lead Sectors...ENPH Breakout Leads SPX...

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The SPX -4.87 opened lower following a better-than-expected 263K vs. 200K consensus Jobs Report at 8:30 am ET.  Initially at least, it was another example of good economic news is bad market news.  Following the report /ES futures fell 69 points in four minutes to its low at 4,006.75 and then began to slowly recover from its low.  The SPX did trade higher after the open to close less than five points lower than Thursday’s close.

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

SPY down .47 at 406.91, on 73.3 million shares, below average volume, down on higher volume.

VIX down .78 at 19.06

QQQ down 1.17 at 292.55

BA, NKE, DOW, PG led the DJIA, 17 advancers, +4

ENPH, GCI SEDG, HII led the SPX, 245 advancers

JD, BIDU, NTES, LCID led the NDX, 43 advancers

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

Up:  IWM, DIA,

Down:  SPY, QQQ,

Five of eleven sectors were higher on Friday, led by XLB, XLI and XLP.

Advancers were mixed on Friday as advancers led 1,713 to 1,426 on the NYSE and led 2,651 to 1,939 on the NASDAQ.

The SPY MFC green line is pointed down at 90.5 and is counter-trend defensive.  SPY opened lower and closed slightly lower.

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

Neutral sectors:  XLK,

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

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

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Up

43 of 100 NDX stocks closed higher on Friday

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

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 3

DDOG, SIRI, ZS,

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