SPX Closes Higher...Communication Services, Health Care, Industrials Lead all Sectors Higher...LEN Higher on EPS Beat...

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-SPX +53.25, opened lower, reversed at open, trended up and closed higher.

-VIX up .62, SPX call sizzle was 13.49 from strong call buying.

-Breadth strengthened on Thursday.

-Jobless claims higher than expected.

-Philadelphia Fed Mfg. Index & Retail Sales better than expected.

-TSLA -0.89, -0.35%, paused for a second day.

-LEN +5.06, +4.41%  led NAIL, DHI, TOL, PHM higher.

-Regional banks rose: KRE +0.82, +1.91%, ZION +0.92, +3.28%,

 

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

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

SPY up 5.42 at 442.60, on 110.3 million shares, above average volume, up on higher volume.

VIX up .62 at 14.50

QQQ up 4.36 at 370.26

MSFT, AMGN, VZ, CSCO led the DJIA, 28 advancers, +15

DPZ, LEN, CVS, AZO led the SPX, 437 advancers

CRWD, ADSK, TMUS, PYPL led the NDX, 84 advancers.

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

Up:   DIA, SPY, QQQ, IWM,

Down: 

All eleven sectors were higher on Thursday, led by XLC, XLV and XLI.

The SPY MFC green line is turned down at 96.3 and is counter-trend defensive.  SPY opened flat, rallied and closed slightly higher.

Uptrend sectors:   XLK, XLC, XLY, XLB, XLI, XLV, XLP, XLF,

Neutral sectors:  XLU, XLRE, XLE,

Down trend sectors: 

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

84 of 100 NDX stocks closed higher on Thursday.

87 NDX stock are above their 30 DMA:  AAPL, AMZN, CPRT, ISRG, CSGP, MSFT, NVDA, CEG, LRCX, META, VRSK, DDOG, GOOG, GOOGL, AMD, CRWD, FTNT, ZS, NFLX, AMAT, ASML, KLAC, AVGO, MRVL, MU, SNPS, RIVN, TSLA, WDAY, CSCO, ADBE, TEAM, CTAS, PANW, CDNS, NXPI, TXN, ZM, ANSS, COST, PDD, ATVI, INTC, QCOM, ADSK, BKR, CSX, DXCM, MCHP, ABNB, ADP, EBAY, HON, JD, MAR, PAYX, PCAR, ALGN, CTSH, SIRI, CMCSA, GFS, WBA, WBD, ADI, FAST, INTU, SGEN, ILMN, LULU, REGN, ROST, VRTX, EA, GILD, ODFL, GEHC, AMGN, AZN, BKNG, CHTR, EXC, IDXX, MNST, MRNA, ORLY, PYPL,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 10

AMGN, AZN, BKNG, CHTR, EXC, IDXX, MNST, MRNA, ORLY, PYPL,

Moving Below 30 DMA = 0

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