SPX Opens Higher after 2.7% PPI Report, Broad Rally BO of ST Resistance...Consumer Discretionary, Communication Services, Technology Lead Sectors...

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-SPX +54.27 opened higher trended up, a ST BO, closed higher.

-PPI Report M/M = -0.5% vs 0.0% est. Y/Y = 2.7% vs 4.6% prior.

-PPI ex-food & energy M/M = -0.1% vs 0.3% est. Y/Y = 3.4% vs 4.4% est.

-FSLR downgraded by DB, MRK upgraded by C.

-PGR, DAL, FAST lower after EPS.

-Friday BMO Retail Sales 8:30 am ET, Industrial Production 9:15 am ET.

-Fed’s Christopher Waller speaks Friday, 8:45 am ET.

-VIX down 1.29, a 52-week low.

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

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

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

SPY up 5.42 at 413.47, on 85.8 million shares, below average volume, down on slightly lower volume.

VIX down 1.29 at 17.80, a 52-week low

QQQ up 6.13 at 319.17

AAPL, DIS, NKE, MSFT led the DJIA, 28 advancers, +10

SEDG, ENPH, FCX, JKHY led the SPX, 390 advancers

TEAM, AMZN, NFLX, ZM led the NDX, 87 advancers.

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

Up:  QQQ, SPY, IWM, DIA,

Down:

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

The SPY MFC green line turned up at 92.5 and is short-term bullish.  SPY opened higher, closed higher, white candle BO.

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: Up

87 of 100 NDX stocks closed higher on Thursday.

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

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 11

ADI, ADP, BKNG, CSCO, EBAY, IDXX, MAR, PYPL, RIVN, TEAM, ZM,

Moving Below 30 DMA = 3

FAST, ODFL, PCAR,

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