SPX Closes +39 on Broad Rally HBO...Technology, Communication Services, Consumer Discretionary Lead Sectors ...NFLX Leads NDX...

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-SPX +39.28, opened flat, trended up and closed higher.

-Pullback premarket after hawkish comments from Fed’s Logan, rallied to midday,

-when Bullard made hawkish comments followed by a second pullback,

-markets rallied after continued positive comments on debt ceiling deal continued.

-NFLX +31.33, +9.22% on strong ad-based subscriber growth report,

-VIX down .82

-FSLR -3.48, -1.66%, on BO test/bull flag pattern formed hammer.

-WMT +1.94, +1.30%, on positive EPS reaction Thu BMO.

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

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

SPY up 4.00 at 419.23, on 97.1 million shares, above average volume, up on higher volume.

VIX down .82 at 16.05.

QQQ up 6.15 at 337.27

INTC, CRM, NKE, MSFT led the DJIA, 20 advancers, -2

TTWO, BBWI, EQT, NVDA led the SPX, 345 advancers

NFLX, SNPS, CPRT, CDNS led the NDX, 79 advancers.

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

Up:  QQQ, SPY, IWM, DIA,

Down: 

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

The SPY MFC green line is pointed up at 71.1 and is short-term bullish.  SPY opened higher, trended up and closed higher.

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.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

79 of 100 NDX stocks closed higher on Thursday.

60 NDX stock are above their 30 DMA:  AAPL, MDLZ, PEP, AMZN, CPRT, ISRG, VRTX, BIIB, MNST, ORLY, DLTR, CSX, FISV, CSGP, MAR, MSFT, NVDA, CMCSA, CTAS, LRCX, META, VRSK, CTSH, DDOG, GOOG, GOOGL, AMD, CRWD, FTNT, ZS, NFLX, AMAT, ASML, IDXX, KLAC, MELI, OKTA, AVGO, MRVL, BKNG, MU, ZM, SNPS, ADI, ADSK, FAST, HON, MCHP, NXPI, RIVN, TSLA, WDAY, ADP, CDNS, CSCO, COST, INTU, LULU, PAYX, ROST,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 8

ADP, CDNS, CSCO, COST, INTU, LULU, PAYX, ROST,

Moving Below 30 DMA = 0

AZN, JD, PANW,

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