SPX Opens Higher, Closes Higher to End Q1...Consumer Discretionary, Real Estate, Communication Services Lead All Sectors Higher...

 © 2023

 

-SPX +58.48, opened higher, closed higher for a third day.

-VIX closed .32 lower.

-Personal Income PCE M/M 0.3% vs. 0.4% est. Y/Y 5.0% vs. 5.1 est.

-Core PCE M/M 0.3% vs. 0.4% est. Y/Y 4.6% vs. 4.7 est., lower than expected.

-FTNT a made a new nine-month high.

-NVDA, META, AAPL were horizontal breakouts on Friday.

 

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

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

SPY up 5.69 at 409.39, on 112.0 million shares, above average volume, up on higher volume.

VIX down .32 at 18.70

QQQ up 5.25 at 320.93.

INTC, BA, WBA, DIS led the DJIA, 29 advancers, +7

ZBRA, CZR, GEHC, PAYC led the SPX, 469 advancers

JD, PDD, MELI, LRCX led the NDX, 92 advancers.

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

Up:  IWM, QQQ, SPY, DIA,

Down:

All eleven sectors were higher on Friday, led by XLY, XLRE and XLC.

The SPY MFC green line is pointed up at 61.5 and is short-term bullish.  SPY opened higher and closed higher on a horizontal breakout.

Uptrend sectors:   XLK, XLC, XLB, XLP, XLI,

Neutral sectors:  XLY, XLE, XLF, XLV, XLRE, XLU,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

92 of 100 NDX stocks closed higher on Friday.

92 NDX stock are above their 30 DMA:   META, SGEN, ANSS, CDNS, NVDA, PANW, FTNT, CRWD, AVGO, AMD, ATVI, OKTA, VRSK, AAPL, ILMN, CSCO, INTC, MDLZ, MELI, MSFT, SNPS, GOOG, GOOGL, PEP, ADBE, AMZN, CPRT, EA, INTU, ISRG, TXN, VRTX, ASML, AZN, BKNG, MU, LULU, REGN, WDAY, AMGN, BIIB, IDXX, MNST, NFLX, CTAS, FAST, KDP, GILD, ADI, ADP, AEP, AMAT, CMCSA, COST, GFS, KHC, KLAC, LRCX, MRVL, ORLY, PAYX, QCOM, TMUS, TSLA, XEL, ABNB, DXCM, EXC, JD, MCHP, NXPI, PYPL, WBA, WBD, ZM, ADSK, ALGN, CHTR, CSX, CTSH, DDOG, DLTR, EBAY, FANG, MAR, MRNA, ODFL, PCAR, RIVN, SBUX, TEAM,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 16

ADSK, ALGN, CHTR, CSX, CTSH, DDOG, DLTR, EBAY, FANG, MAR, MRNA, ODFL, PCAR, RIVN, SBUX, TEAM,

Moving Below 30 DMA = 0

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SPX Closes Opens Higher, Closes Higher...Real Estate, Technology, Consumer Discretionary Lead Sectors...Personal Income PCE Report Friday BMO...

© 2023 

-SPX +23.02, opened higher, closed higher.

-VIX closed .10 lower.

-Personal Income PCE report 8:30 am ET Friday BMO,

-FTNT a horizontal breakout continuation new high.

-NVDA, META, AAPL horizontal breakout setup. 

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

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

SPY up 2.35 at 403.70, on 69.7 million shares, below average volume, up on higher volume.

VIX down .10 at 19.02

QQQ up 2.96 at 315.68.

INTC, BA, WBA, DIS led the DJIA, 22 advancers, -6

ZBRA, CZR, GEHC, PAYC led the SPX, 359 advancers

JD, PDD, MELI, LRCX led the NDX, 79 advancers.

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

Up:  QQQ, SPY, DIA,

Down:  IWM,

Ten of eleven sectors were higher on Thursday, led by XLRE, XLK and XLY.

The SPY MFC green line is pointed up at 52.5 and is short-term bullish.  SPY opened higher and closed higher on a diagonal breakout continuation.

Uptrend sectors:   XLK, XLC, XLB, XLP, XLI,

Neutral sectors:  XLY, XLE, XLF, XLV, XLRE, XLU,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

79 of 100 NDX stocks closed higher on Thursday.

76 NDX stock are above their 30 DMA:   META, SGEN, ANSS, CDNS, NVDA, PANW, FTNT, CRWD, AVGO, AMD, ATVI, OKTA, ODFL, VRSK, AAPL, ILMN, CSCO, INTC, MDLZ, MELI, MSFT, SNPS, GOOG, GOOGL, PEP, ADBE, AMZN, CPRT, EA, INTU, ISRG, TXN, VRTX, ASML, AZN, BKNG, MU, LULU, REGN, WDAY, AMGN, BIIB, IDXX, MNST, NFLX, CTAS, FAST, KDP, GILD, ADI, ADP, AEP, AMAT, CMCSA, COST, GFS, KHC, KLAC, LRCX, MRVL, ORLY, PAYX, QCOM, TMUS, TSLA, XEL, ABNB, DXCM, EXC, JD, MCHP, NXPI, PYPL, WBA, WBD, ZM,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 10

ABNB, DXCM, EXC, JD, MCHP, NXPI, PYPL, WBA, WBD, ZM,

Moving Below 30 DMA = 0

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SPY Diagonal Breakout Closes Higher...Real Estate, Technology, Consumer Discretionary Lead All Sectors Higher...

© 2023

 

-SPX +56.54, open higher, diagonal breakout, close higher.

-VIX closed .85 lower.

-Barr, Fed Vice Chair of Supervision testified before the House today,

-FTNT a horizontal breakout continuation closed higher.

-NVDA, META, AAPL bull flag bounce close above the HOLD.

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

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

SPY up 5.75 at 401.35, on 77.4 million shares, below average volume, up on higher volume.

VIX down .85 at 19.12

QQQ up 5.60 at 312.72.

INTC, AXP, TRV, CRM led the DJIA, 28 advancers, +13

LRCX, CCL, WDC, NCLH led the SPX, 460 advancers

LULU, RIVN, MU, PAYX led the NDX, 94 advancers.

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

Up:  QQQ, SPY, IWM, DIA,

Down: 

All eleven sectors were higher on Wednesday, led by XLRE, XLK and XLY.

The SPY MFC green line turned up at 45.9 and is short-term bullish.  SPY opened higher and closed higher on a diagonal breakout.

Uptrend sectors:   XLK, XLC, XLB, XLP, XLI,

Neutral sectors:  XLY, XLE, XLF, XLV, XLRE, XLU,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

94 of 100 NDX stocks closed higher on Wednesday.

66 NDX stock are above their 30 DMA:   META, SGEN, ANSS, CDNS, NVDA, PANW, FTNT, CRWD, AVGO, AMD, ATVI, OKTA, ODFL, VRSK, AAPL, ILMN, CSCO, INTC, MDLZ, MELI, MSFT, SNPS, GOOG, GOOGL, PEP, ADBE, AMZN, CPRT, EA, INTU, ISRG, TXN, VRTX, ASML, AZN, BKNG, MU, LULU, REGN, WDAY, AMGN, BIIB, IDXX, MNST, NFLX, CTAS, FAST, KDP, GILD, ADI, ADP, AEP, AMAT, CMCSA, COST, GFS, KHC, KLAC, LRCX, MRVL, ORLY, PAYX, QCOM, TMUS, TSLA, XEL,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 17

ADI, ADP, AEP, AMAT, CMCSA, COST, GFS, KHC, KLAC, LRCX, MRVL, ORLY, PAYX, QCOM, TMUS, TSLA, XEL,

Moving Below 30 DMA = 0

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SPX Opens Lower Forms Doji...Energy, Industrials, Basic Materials Lead Sectors...Barr Before House on Wednesday...

© 2023 

 

-SPX -6.26, open lower, close slightly lower.

-VIX closed .63 lower.

-Barr, Fed Vice Chair of Supervision testified before Senate today,

-House testimony tomorrow at 10 am ET.

-FTNT was a horizontal breakout continuation on Tuesday.

-NVDA, META, AAPL bull flag setups.

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

SPY down .89 at 395.60, on 62.8 million shares, below average volume, down on lower volume.

VIX down .63 at 19.97

QQQ down 1.64 at 307.12.

WBA, BA, DOW, CVX led the DJIA, 15 advancers, -7

MKC, CCL, OXY, BBWI led the SPX, 309 advancers

JD, DDOG, ROST, DLTR led the NDX, 44 advancers.

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

Up:

Down:  IWM, DIA, SPY, QQQ,

Five of eleven sectors were higher on Tuesday, led by XLE, XLI and XLB.

The SPY MFC green line turned down at 40.3 and is short-term bearish.  SPY opened lower and formed a doji.

Uptrend sectors:   XLK, XLC, XLY, XLB,

Neutral sectors:  XLI, XLE, XLF, XLP, XLV, XLRE,

Down trend sectors: XLU,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little

44 of 100 NDX stocks closed higher on Tuesday.

49 NDX stock are above their 30 DMA:   META, SGEN, ANSS, CDNS, NVDA, PANW, FTNT, CRWD, AVGO, AMD, ATVI, OKTA, ODFL, VRSK, AAPL, ILMN, CSCO, INTC, MDLZ, MELI, MSFT, SNPS, GOOG, GOOGL, PEP, ADBE, AMZN, CPRT, EA, INTU, ISRG, TXN, VRTX, ASML, AZN, BKNG, MU, LULU, REGN, WDAY, AMGN, BIIB, IDXX, MNST, NFLX, CTAS, FAST, KDP,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

GILD,

Moving Below 30 DMA = 7

AMAT, COST, DXCM, GFS, LRCX, QCOM, TMUS,

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SPX Closes Higher Above the HOLD...Energy, Financials, Industrials Lead Sectors...Barr to Senate on Tuesday 10 am ET...

© 2023

 

-SPX +6.54, open higher, closed above the HOLD.

-Financial sector continued buying support, XLF +1.39%

-FRC +1.46, +11.81%, KRE +0.38, +0.87%, regional banks at support.

-VIX closed .87 lower.

-Barr, Fed Vice Chair of Supervision released prepared statement before

-Senate testimony tomorrow at 10 am ET.

-FTNT was a horizontal breakout on Monday.

-META, PANW, ORCL horizontal breakout setups.

 

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

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

SPY up .74 at 396.49, on 74.0 million shares, below average volume, up on lower volume.

VIX down 1.14 at 20.60

QQQ down 2.13 at 308.76.

IBM, JPM, AXP, MRK led the DJIA, 22 advancers, +1

FRC, IFF, HPE, CMA led the SPX, 372 advancers

FANG, WBD, CPRT, CSX led the NDX, 46 advancers.

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

Up:  IWM, DIA, SPY,

Down:  QQQ,

Eight of eleven sectors were higher on Monday, led by XLE, XLF and XLI.

The SPY MFC green line is pointed up at 41.8 and is short-term bullish.  SPY opened higher and closed higher.

Uptrend sectors:   XLK, XLC, XLY, XLB,

Neutral sectors:  XLI, XLE, XLF, XLP, XLV, XLRE,

Down trend sectors: XLU,

The 6-month intermediate trend is up a little.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

46 of 100 NDX stocks closed higher on Monday.

55 NDX stock are above their 30 DMA:   META, SGEN, ANSS, CDNS, NVDA, PANW, FTNT, CRWD, AVGO, AMD, ATVI, OKTA, ODFL, VRSK, AAPL, ILMN, AMAT, CSCO, INTC, MDLZ, MELI, MSFT, SNPS, GOOG, GOOGL, PEP, ADBE, AMZN, CPRT, EA, GFS, INTU, ISRG, LRCX, TXN, VRTX, ASML, AZN, BKNG, MU, LULU, QCOM, REGN, WDAY, AMGN, BIIB, COST, IDXX, MNST, NFLX, CTAS, DXCM, FAST, KDP, TMUS,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 5

CTAS, DXCM, FAST, KDP, TMUS,

Moving Below 30 DMA = 1

ADI,

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SPX Opens Lower, Closes Higher, Bullish Engulfing Reversal...Utilities, Real Estate, Consumer Staples Lead Sectors...

© 2023 

 

-SPX +22.27, open lower, close higher, Reversal bullish engulfing.

-Financial sector showing buying support, XLF -0.06%

-FRC -0.17, -1.36%, KRE +1.65, +5.98%, regional banks at support.

-VIX closed .87 lower.

-No Powell, No Yellen on Friday…

-Fed comments from Bostic a 4-minute interview on NPR early a.m.,

-Bullard on Financial Stress & the Current Macroeconomic Outlook, in St. Louis

-Barkin interview with CNN.

-NFLX was a horizontal breakout on Friday.

-META, FTNT, PANW, CRWD horizontal breakout setups. 

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

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

SPY up 2.58 at 395.75, on 107.7 million shares, above average volume, up on slightly lower volume.

VIX down .87 at 21.74

QQQ up 1.14 at 310.89.

AMGN, PG, KO, CSCO led the DJIA, 21 advancers, +3

KEY, CCI, BXP, CMS led the SPX, 376 advancers

ATVI, ISRG, SIRI, AEP led the NDX, 54 advancers.

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

Up:  IWM, SPY, DIA, QQQ,

Down:

Nine of eleven sectors were higher on Friday, led by XLU, XLRE and XLP.

The SPY MFC green line turned up at 39.8 and is short-term bullish.  SPY opened lower and closed higher, a key reversal day.

Uptrend sectors:   XLK, XLC, XLY, XLB,

Neutral sectors:  XLI, XLE, XLF, XLP, XLV, XLRE,

Down trend sectors: XLU,

The 6-month intermediate trend is up a little.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down a little

65 of 100 NDX stocks closed higher on Friday.

51 NDX stock are above their 30 DMA:   META, SGEN, ANSS, CDNS, NVDA, PANW, FTNT, CRWD, AVGO, AMD, ATVI, OKTA, ODFL, VRSK, AAPL, ILMN, AMAT, CSCO, INTC, MDLZ, MELI, MSFT, SNPS, GOOG, GOOGL, PEP, ADBE, ADI, AMZN, CPRT, EA, GFS, INTU, ISRG, LRCX, TXN, VRTX, ASML, AZN, BKNG, MU, LULU, QCOM, REGN, WDAY, AMGN, BIIB, COST, IDXX, MNST, NFLX,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 6

AMGN, BIIB, COST, IDXX, MNST, NFLX,

Moving Below 30 DMA = 4

DXCM, KLAC, MCHP, NXPI,

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