SPX Closes Little Changed as Breadth Weakens Slightly on Friday...Utilities, Health Care, Energy Lead Sectors...

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-Breadth was mixed but slightly weaker on Friday.

-AAPL -1.19, 191.94, breakout test, two-day bull flag setup.

-TSLA -2.88, - 1.10%, day two pullback post EPS, break short-term support.

-Regional banks were lower: KRE -.59, -1.26%, ZION -1.79, -4.72%. 

Monday day 8 of Q2 Earnings Season with 1 SPX companies reporting BMO: DPZ…and seven AMC:  ARE, BRO, CDNS, FFIV, NXPI, PKG, WHR.

167 SPX companies report next week.

First day reaction: Q2 …

Positive:  ROP, ZION, JNJ, ABT, KEY, UAL FCX, FITB, MKTX, IBM, KMI, TRV, MMC, NTRS, USB, CFG, ELV, JBHT, MTB, SCHW, MS, BAC, BK PNC, SYF, UNH, PEP = 27

Neutral: COF, WRB, PPG, HBAN, PM, GS, BKR, JPM, WFC, CAG, CTAS, DAL = 12

Negative:  IPG, CMA, AXP, CSX, ISRG, RF, SLB, DFS, TSLA, EFX, NFLX, GPC, SNA, TFC, AAL, NEM, LVS, CCI, STLD, DHI, POOL, OMC, HAL, NDAQ, HAS, LMT, PLD, STT, C, BLK, PGR, FAST = 33

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

SPY unchanged 0.00 at 452.18, on 71.2 million shares, below average volume, unchanged on similar volume.

VIX down .39 at 13.60

QQQ down 1.13 at 375.63,

INTC, MRK, PG, CVX led the DJIA, 19 advancers, +1

ZTS, DHR, TMO, BIO led the SPX, 299 advancers

ILMN, QCOM, ASML, ABNB led the NDX, 70 advancers.

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

Up:  SPY, unchanged

Down:  DIA, QQQ, IWM,

Seven of eleven sectors were higher on Friday, led by XLU, XLV and XLE. 

The SPY MFC green line turned down at 92.5 and is counter-trend defensive.  SPY opened higher and closed lower.

Uptrend sectors:   XLK, XLC, XLY, XLI, XLF, XLB, XLRE,

Neutral sectors:  XLV, XLP, XLU, 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: Down a little

70 of 100 NDX stocks closed higher on Friday.

87 NDX stock are above their 30 DMA:  AAPL, AMZN, ISRG, CSGP, NVDA, CEG, META, TTD, VRSK, FTNT, AVGO, WDAY, ADBE, PANW, NXPI, COST, PDD, BKR, CSX, DXCM, MCHP, ABNB, HON, PCAR, SIRI, ADI, INTU, ROST, ODFL, IDXX, PYPL, ON, ORLY, DLTR, ADP, CHTR, CMCSA, EA, EXC, GFS, CTSH, DDOG, MAR, TMUS, LCID, AEP, GEHC, PAYX, BKNG, FANG, ADSK, AMGN, ANSS, CDNS, CPRT, CTAS, EBAY, ENPH, LULU, MRVL, SBUX, SNPS, TEAM, TXN, VRTX, ZM, MSFT, PDD, QCOM, KDP, GILD, CSCO, MELI, WBD, FAST, KHC, MDLZ, MRNA, PEP, XEL, JD, MNST, ADI, CRWD, INTC, MU, WBA, ZS,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 6

ADI, CRWD, INTC, MU, WBA, ZS,

Moving Below 30 DMA = 2

CSX, NFLX,

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