SPY Makes 52-week Closing High...Consumer Discretionary, Technology, Health Care Lead Sectors...

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-SPX +4.93, closed at a 52-week high

-VIX up .18, a 3-year closing low.

-Breadth was mixed, but slightly stronger on Friday.

-TSLA +9.54, +4.06%, a six-month high, after GM announcement. 

-Semiconductor stocks gained SMH +0.46% as

-AMD, NVDA, MRVL, MU and AVGO rose.

-Regional banks mixed: KRE -.60, -1.36%, ZION -1.13, -3.55%

-Tuesday, 8:30 am CPI report, FOMC meeting begins

-Wednesday, 8:30 am PPI report

-Wednesday, 2:00 pm FOMC announcement, 2:30 pm Press conference

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

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

SPY up .77 at 429.13, on 85.6 million shares, above average volume, up on higher volume.

VIX up .18 at 13.83

QQQ up 1.35 at 354.50

CRM, UNH, IBM, WMT led the DJIA, 17 advancers, +1

MTCH, ETSY, GLW, BG led the SPX, 278 advancers

TSLA, ADBE, AMD, ANSS led the NDX, 42 advancers.

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

Up:   QQQ, SPY, DIA,

Down:  IWM,

Five of eleven sectors were higher on Friday, led by XLY, XLK and XLV.

The SPY MFC green line turned down at 92.6 and is counter-trend defensive.  SPY opened higher, traded in a range, closed slightly higher and made a 52-week closing high.

Uptrend sectors:   XLK, XLC, XLY,

Neutral sectors:  XLV, XLP, XLB, XLI, XLU, XLRE, XLE, XLF,

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 a little

42 of 100 NDX stocks closed higher on Friday.

71 NDX stock are above their 30 DMA:  AAPL, AMZN, CPRT, ISRG, CSGP, MSFT, NVDA, 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, EA, PDD, ATVI, INTC, QCOM, ADSK, BKR, CSX, DXCM, MCHP, ABNB, ADP, EBAY, HON, JD, MAR, PAYX, PCAR, ALGN, CTSH, SIRI, CMCSA, FANG, GFS, WBA, WBD, ADI, AZN, BIIB, FAST, INTU, SGEN,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

INTU, SGEN,

Moving Below 30 DMA = 3

BKNG, ILMN, ODFL,

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