SPX Pulls Back on a BO Test and Stays Above Thursday's S1...Debt Ceiling Talks Paused...Energy, Health Care and Basic Materials Led Sectors...

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-SPX -6.07, opened higher, pulled back and closed lower.

-SPX pullback was a BO test which stayed above Thursday's S1 level

-Powell spoke Friday at 11 am ET.

-Stocks pulled back after debt ceiling talks paused.

-VIX up .76

-FSLR -2.75, -1.33%, on BO test and 5-day bull flag pattern. 

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

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

SPY down .61 at 418.62, on 103.7 million shares, above average volume, DOWN on higher volume.

VIX up .76 at 16.81.

QQQ down .76 at 336.51

CSCO, MRK, IBM, INTC led the DJIA, 13 advancers, -7

CTLT, EPAM, FTI, BWA led the SPX, 196 advancers

ADBE, FTNT, CRWD, TSLA led the NDX, 34 advancers.

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

Up: 

Down:  SPY, QQQ, DIA, IWM,

Four of eleven sectors were higher on Friday, led by XLE, XLV and XLB.

The SPY MFC green line is pointed up at 76.2 and is short-term bullish.  SPY opened higher, pulled back and closed lower.

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

34 of 100 NDX stocks closed higher on Friday.

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, INTU, ROST, ADBE, AZN, TXN,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 3

ADBE, AZN, TXN,

Moving Below 30 DMA = 3

COST, LULU, PAYX,

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