SPX Closes Slightly Lower after a Lower than Expected PPI Report...Communication Services, Consumer Discretionary, Consumer Staples Lead Sectors...DIS Falls after EPS...

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-SPX -7.02, opened lower after a better than consensus PPI report, closed lower.

-VIX down .01

-NFLX a 3-week channel BO on above average volume.

-EPS: TPR +3.07, +8.27%, JD +2.53, +7.21%, DIS -8.83, -8.73%

-PPI report - PPI 2.3% vs 2.5% consensus, Core PPI 3.2% vs 3.3% consensus

-Inflation continues to decrease.

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

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

SPY down .72 at 412.13, on 70.1 million shares, below average volume, down on lower volume.

VIX down .01 at 16.93.

QQQ up 1.06 at 326.20

KO, BA, WMT, PG led the DJIA, 6 advancers, -8

STE, TPR, AXON, CRL led the SPX, 159 advancers

JD, PDD, SIRI, GOOGL led the NDX, +46 advancers.

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

Up:   QQQ,

Down:  SPY, DIA, IWM,

Three of eleven sectors were higher on Thursday, led by XLC, XLY and XLP.

The SPY MFC green line is pointed up at 77.6 and is short-term bullish.  SPY opened lower, 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

46 of 100 NDX stocks closed higher on Thursday.

51 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, BKNG, CRWD, FTNT, PANW, RIVN, ZS, NFLX, AMAT, ASML, IDXX, KLAC, MELI, OKTA, AVGO, JD, MU, PCAR,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 4

AVGO, JD, MU, PCAR,

Moving Below 30 DMA = 4

ADSK, EXC, HON, MRVL,

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