SPX Opens and Closes Higher after PPI Better (Lower) than Expected...Communication Services, Technology, Consumer Discretionary Lead Sectors...Q2 EPS Start today...

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- Core PPI beats - M/M 0.1% vs. 0.2% est., Y/Y 2.4% vs. 2.8% est.

- Consumer Sentiment Friday 10:00 am ET.

-Breadth was stronger on Thursday.

-AAPL +0.77, 190.54, bull flag bounce continuation.

-TSLA +5.91, +2.17%, bounce continuation and re-breakout.

-Regional banks rallied: KRE +0.74, +1.71%, ZION +0.72, +2.30%.

Day 1 of Q2 Earnings Season with six SPX companies reporting BMO:

First day reaction: Q2 …

Positive:   PEP = 1

Neutral: CAG, CTAS, DAL = 3

Negative:  PGR, FAST = 2

SPX earnings on Friday BMO: BLK, C, JPM, STT, UNH, WFC

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

SPY up 3.54 at 449.56, on 72.3 million shares, below average volume, up on lower volume.  

VIX up .07 at 13.61

QQQ up 6.33 at 379.15,

MSFT, CSCO, CRM, MMM led the DJIA, 18 advancers, +0

EPAM, GOOGL, MGM, QCOM led the SPX, 350 advancers

PDD, ZS, JD, NVDA led the NDX, 82 advancers.

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

Up:  QQQ, IWM, SPY, DIA,

Down:

Ten of eleven sectors were higher on Thursday, led by XLC, XLK and XLY.

The SPY MFC green line turned up at 91.4 and is short-term bullish.  SPY was a gap up breakout continuation, and trended higher. A stable day with solid two-sided trading.

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: Up

82 of 100 NDX stocks closed higher on Thursday.

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

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 7

AMAT, CRWD, GOOGL, KDP, KLAC, PANW, PEP,

Moving Below 30 DMA = 0

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