SPX Closes Lower as Sellers Maintain Control...SIVB Closed, FDIC in Control...All Sectors Mover Lower...

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-SPX -56.73 opens slightly lower and closed lower as selling continued.

-SIVB was closed by regulators, FDIC took control and will reopen on Monday.

- Employment Situation: 311K vs 223K estimate.

-VIX closed 2.19 higher.

-DOCU -14.72, -22.85%, on a negative EPS reaction.

-ORCL -2.80, -3.22%, on a negative EPS reaction.

 

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

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

iBB:  In our model account we maintain a net long position.  We reduced stock and LCV positions to protect profit and principle.

SPY down 5.65 at 385.91, on 189.2 million shares, above average volume, down on higher volume.

VIX up 2.19 at 24.80

QQQ down 5.65 at 288.55

INTC, JPM, TRV, AMGN led the DJIA, 11 advancer, +11

ABBV, CI, NEM, ZBH led the SPX, 39 advancers

PANW, GILD, MRNA, DLTR led the NDX, 15 advancers.

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

Up:

Down:  DIA, QQQ, SPY, IWM,

All eleven sectors were lower for a second day on Friday, the weakest were XLI, XLB and XLRE.

The SPY MFC green line is pointed down at 22 and is short-term bearish.  SPY opened lower and trended down.

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

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

15 of 100 NDX stocks closed higher on Friday.

14 NDX stock are above their 30 DMA:   META, SGEN, ANSS, CDNS, NVDA, PANW, FTNT, CRWD, AVGO, AMD, ATVI, OKTA, ODFL, VRSK,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 12

AAPL, ADI, ALGN, AMAT, BKNG, CPRT, CSCO, FISV, GFS, MCHP, MELI, PCAR,

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