SPX Closes Lower for Second Day in front of Friday's Jobs Report 8:30 am ET...Consumer Staples, Technology Lead Sectors...MSFT, AAPL Rise...

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-Employment Situation Jobs Report, 8:30 am ET, Friday BMO.

-Breadth was weaker on Thursday.

-AAPL +0.48, 191.81, 3-day bull flag.

-TSLA -5.94, 2.10%, breakout test and re-breakout setup.

-Regional banks pulled back: KRE -.63, -1.53%, ZION -.18, -0.64%.

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

SPY down 3.47 at 439.66, on 80.5 million shares, average volume, down on higher volume.

VIX up 1.26 at 15.44

QQQ down 2.82 at 367.46,

MSFT, AAPL led the DJIA, 2 advancers, -10

BWA, SEE, GRMN, PARA led the SPX, 86 advancers

KDP, CHTR, ADP, PAYX led the NDX, 13 advancers.

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

Up: 

Down:  QQQ, SPY, DIA, IWM,

All eleven sectors were lower on Thursday, declining least were XLP, XLK and XLRE. 

The SPY MFC green line is pointed up at 92.3 and is short-term bullish.  Prepare to become counter-trend defensive.  SPY opened lower, traded in a lower range and closed above it’s open in a bull flag pullback.

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

Neutral sectors:  XLU, XLE,

Down trend sectors: 

The 6-month intermediate trend is up.  The ten-day trend is up a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

13 of 100 NDX stocks closed higher on Thursday.

67 NDX stock are above their 30 DMA:  AAPL, AMZN, CPRT, ISRG, CSGP, MSFT, NVDA, CEG, LRCX, META, VRSK, FTNT, NFLX, AMAT, AVGO, TSLA, WDAY, CSCO, ADBE, CTAS, PANW, NXPI, COST, PDD, ATVI, BKR, CSX, DXCM, MCHP, ABNB, HON, PCAR, ALGN, SIRI, ADI, FAST, INTU, LULU, ROST, VRTX, ODFL, IDXX, PYPL, ON, ORLY, DLTR, ADP, CHTR, CMCSA, EA, EXC, GFS, CDNS, CTSH, DDOG, MAR, TMUS, TXN, WBD, LCID, AEP, GEHC, PAYX, PEP, AMGN, KDP, XEL,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 13

ANSS, BKNG, EBAY, FANG, GILD, KLAC, INTC, MRVL, MELI, PDD, QCOM, TEAM, ZS,

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