SPX Closes Higher after Positive NVDA EPS Reaction...Technology, Energy, Real Estate Lead Sectors...After-hours: SQ Up on EPS Reaction...

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-SPX +21.27 opened higher after NVDA EPS and closed higher.

-VIX closed 1.15 lower.

-NVDA +29.10, +14.02% a positive EPS reaction.

-ANSS +27.97, +10.48% a positive EPS reaction.

-After-hours:  SQ +6.46, +8.71% a positive EPS reaction,

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

Mega caps NVDA, MSFT, TSLA, META, AAPL, AMZN rose and GOOGL fell.

iBB:  In our model account we maintain a net long position.  We made hedge adjustments and added two channel bounce LCVs.

SPY up 2.12 at 400.66, on 96.2 million shares, above average volume, up on higher volume.

VIX down 1.15 at 21.14

QQQ up 2.57 at 296.82

MRK, MSFT, BA, HD led the DJIA, 20 advancers, +8

PWR, FTI, CTRA, GEHC led the SPX, 310 advancers

NVDA, ANSS, MRVL, AMD led the NDX, 61 advancers.

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

Up:  QQQ, IWM, SPY, DIA,

Down:

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

The SPY MFC green line pointed down at 56 and is defensive.  SPY opened higher and closed higher.

Uptrend sectors:   XLC, XLK, XLI, XLB, XLF, XLRE, XLY,

Neutral sectors:  XLE, XLP, XLU, XLV,

Down trend sectors:

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: Down

61 of 100 NDX stocks closed higher on Thursday.

46 NDX stock are above their 30 DMA:   ALGN, BKNG, META, SGEN, WBD, ODFL, ANSS, CDNS, ADSK, ISRG, ABNB, FISV, MAR, NVDA, TEAM, CPRT, AAPL, CPRT, FAST, MCHP, MSFT, PANW, WDAY, ZS, ADI, FTNT, GFS, PCAR, TSLA, DDOG, CRWD, LULU, ORLY, DXCM, KDP, PEP, ATVI, LULU, CSCO, MDLZ, REGN, AMD, INTU, MELI, MNST, MRVL, OKTA, ZM,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 7

AMD, INTU, MELI, MNST, MRVL, OKTA, ZM,

Moving Below 30 DMA = 4

AZN, LCID, RIVN, TMUS,

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