© 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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