© 2023
-SPX +68.35, opened
lower after ECB raised 50 bps,
-Reversed after several banks agreed to deposit
money in FRC and closed higher.
-VIX closed 2.45 lower.
-Housing Starts 1.450 M vs 1.315 M est. an Permits
1.524 M vs. 1.340 M est.
-ADBE +19.68, +5.90% on positive EPS reaction.
TNX, GLD and /CL closed higher, while TLT and DXY moved
lower.
Mega caps NVDA, GOOGL, MSFT,
AMZN, META, TSLA, AAPL rose.
SPY up 6.83 at 396.11, on 143.7 million shares, above average volume, up on lower
volume.
VIX down 2.45 at 22.99
QQQ up 7.88 at 306.81,
continued its MACD divergence bounce.
INTC, MSFT, TRV, BA led the DJIA, 22 advancers, +6
FRC, CMA, PGR, LRCX led the SPX, 418 advancers
AMD, MRVL, ADBE, LCID led the NDX, 88 advancers.
The two-year trend term is sideways. The
one-year trend down a little.
Up: QQQ, SPY, IWM, DIA,
Down:
Ten of eleven sectors were higher on Thursday, led by XLK, XLC, XLF and
XLY.
The SPY
MFC green line turned up at 22.1 and is short-term bullish. SPY opened lower, reversed and closed at
its highest level for the week in its MACD divergence bounce.
Uptrend sectors: XLK, XLC,
XLI, XLB,
Neutral sectors: XLY, XLF, XLE, XLP, XLV, XLRE,
Down trend sectors: XLU,
The 6-month intermediate
trend is up a little. The ten-day trend is sideways.
3-month Intermediate Term Market
Trend: Up a little
3-day Short Term Market Trend: Up
88 of 100 NDX stocks
closed higher on Thursday.
47
NDX stock are above their 30 DMA: META,
SGEN, ANSS, CDNS, NVDA, PANW,
FTNT, CRWD, AVGO, AMD, ATVI, OKTA, ODFL, VRSK,
AAPL, EXC, ILMN, AMAT, CSCO, DXCM, INTC, MDLZ, MELI, MSFT, SNPS, AEP, GOOG,
GOOGL, PEP, XEL, ADBE, ADI, ALGN, AMZN, CPRT, EA, GFS, INTU, ISRG, KDP,
KLAC, LRCX, MNST, PDD, TXN, VRTX, WDAY,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 17
ADBE, ADI, ALGN, AMZN, CPRT, EA, GFS,
INTU, ISRG, KDP, KLAC, LRCX, MNST, PDD, TXN, VRTX, WDAY,
Moving Below 30 DMA = 2
REGN, TMUS,
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