SPX Lower Open, Higher Close Reversal Day...Communication Services, Utilities, Real Estate Lead Sectors...Have a Happy Easter 3-day Weekend...

 

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-SPX +14.64 opened lower and closed higher reversal day, bullish engulfing.

-Jobless Claims 228K vs 201K estimate.  Prior week revised 246K vs 198K.

-/ES futures fell at 8:30 am ET after Jobless Claims.

-SPX moved lower at the open, seemingly front running Fed’s Bullard,

-scheduled to speak at 10 am ET but rallied from a 4,069 low after he began.

-VIX closed down .68.

-Jobs Report Friday 8:30 am ET.

-Markets closed Good Friday April 7.

-Earnings Season reports on April 14: JPM, C, WFC, BLK, PNC, UNH

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

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

SPY up 1.59 at 409.19, on 63.7 million shares, below average volume, up on similar volume.

VIX down .68 at 18.40

QQQ up 2.13 at 318.05.

MSFT, WMT, UNH, BA led the DJIA, 15 advancers, -2

CTLT, FRC, CMA, FIS led the SPX, 268 advancers

GOOGL, MU, CSX, ZS led the NDX, 47 advancers.

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

Up:  QQQ, SPY, IWM, DIA,

Down:

Eight of eleven sectors were higher on Thursday, led by XLC, XLU and XLRE.

The SPY MFC green line is pointed up at 90.9 and is short-term bullish.  SPY opened lower and closed higher reversal day and formed a small bullish engulfing candle.

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

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

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: Down a little

47 of 100 NDX stocks closed higher on Thursday.

67 NDX stock are above their 30 DMA:   META, SGEN, ANSS, CDNS, NVDA, PANW, FTNT, AMD, ATVI, VRSK, AAPL, ILMN, CSCO, INTC, MDLZ, MELI, MSFT, SNPS, GOOG, GOOGL, PEP, ADBE, AMZN, CPRT, EA, INTU, ISRG, TXN, VRTX, ASML, AZN, BKNG, LULU, REGN, WDAY, AMGN, BIIB, MNST, NFLX, CTAS, KDP, GILD, ADI, AEP, CMCSA, KHC, ORLY, QCOM, TMUS, XEL, EXC, WBA, WBD, ZM, CTSH, DLTR, EBAY, FANG, MRNA, SBUX, ROST, SIRI, ALGN, CSX, FISV, MU, PYPL,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 5

ALGN, CSX, FISV, MU, PYPL,

Moving Below 30 DMA = 2

AVGO, COST,

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