NDX, SPX Jump after NVDA EPS Beat & Guidance Raise...NVDA, AMD Lead NDX, SPX Higher...After-hours: MRVL +16%...

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-SPX +36.04, opened higher and closed higher after NVDA eps beats.

-GDP Q1 report raised to 1.3% from 1.1% first estimate.

-Negative sentiment from debt ceiling talks fell after upbeat comments

-From House Speaker McCarthy and Pres. Biden…

-NVDA +74.42, +24.37%, after EPS beat and blowout guidance on AI surge

-VIX down .89

-After hours: MRVL +8.28, +16.74%, after EPS and Sales beat.

-ULTA -42.88, -8.84%, EPS beat, same store sales miss.

-PCE Price index release Friday, 8:30 am ET, 4.3% est., prior 4.2%.

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

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

SPY up 3.56 at 414.65, on 90.9 million shares, above average volume, up on slightly higher volume.

VIX down .89 at 19.14.

QQQ up 8.07 at 339.72

MSFT, CSCO, GS, IBM led the DJIA, 13 advancers, +8

NVDA, AMD, ANET, AVGO, ADBE, AMAT led the SPX, 203 advancers

NVDA, AMD, CDNS, SNPS led the NDX, 48 advancers.

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

Up:  QQQ, SPY,

Down:  DIA, IWM,

Four of eleven sectors were higher on Thursday, led by XLK, XLI and XLRE.

The SPY MFC green line is pointed down at 68.9 and is short-term defensive.  SPY opened higher closed higher as NVDA EPS beat lifted tech stocks.

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

Neutral sectors:  XLB, XLI, XLU, XLRE,

Down trend sectors: XLE, XLF,

The 6-month intermediate trend is up.  The ten-day trend is up a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

48 of 100 NDX stocks closed higher on Thursday.

45 NDX stock are above their 30 DMA:  AAPL, AMZN, CPRT, ISRG, MNST, CSGP, MSFT, NVDA, LRCX, META, VRSK, CTSH, DDOG, GOOG, GOOGL, AMD, CRWD, FTNT, ZS, NFLX, AMAT, ASML, KLAC, OKTA, AVGO, MRVL, MU, SNPS, ADSK, RIVN, TSLA, WDAY, CSCO, ADBE, LCID, PAYX, TEAM, CTAS, ORLY, PANW, CDNS, FAST, NXPI, TXN, ZM,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 5

CDNS, FAST, NXPI, TXN, ZM,

Moving Below 30 DMA = 6

BKR, CMCSA, DLTR, ILMN, MDLZ, MELI, 

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