SPX Closes Lower after Consumer Sentiment Report Lower than Expected...Utilities, Consumer Staples, Real Estate Lead Sectors...FSLR Jumps after Announcing Acquisition...

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-SPX -6.54, opened lower, choppy trading range, closed lower.

- Traded lower after a lower-than-expected Consumer Sentiment report.

-VIX up .10

-FSLR +48.50, +26.48%, announced acquisition of Evolar.

-GOOGL, DLTR, CPRT, ORLY close a new 3-month high.

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

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

SPY down .54 at 411.59, on 70.4 million shares, below average volume, down on similar volume.

VIX up .10 at 17.03.

QQQ down 1.17 at 325.03

IBM, PG, HD, CSCO led the DJIA, 11 advancers, +5

FSLR, NWSA, NRG, EQT led the SPX, 245 advancers

WDAY, DLTR, ROST, CPRT led the NDX, +50 advancers.

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

Up:    

Down:  DIA, SPY, IWM, QQQ,

Seven of eleven sectors were higher on Friday, led by XLU, XLP and XLRE.

The SPY MFC green line turned down at 73.5 and is defensive.  SPY opened higher, traded in a choppy range and closed lower.

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

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

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is sideways.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Sideways

50 of 100 NDX stocks closed higher on Friday.

48 NDX stock are above their 30 DMA:  AAPL, MDLZ, PEP, AMZN, CPRT, ISRG, VRTX, AZN, LULU, BIIB, MNST, KHC, ORLY, DLTR, CSX, FISV, CSGP, EBAY, MAR, MSFT, NVDA, CMCSA, CTAS, FAST, LRCX, META, VRSK, CTSH, DDOG, COST, DXCM, GOOG, GOOGL, AMD, CRWD, FTNT, PANW, ZS, NFLX, AMAT, ASML, IDXX, KLAC, MELI, OKTA, AVGO, PCAR, MRVL,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 1

MRVL,

Moving Below 30 DMA = 4

BKNG, JD, MU, RIVN,

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