© 2023
The SPX -0.65 opened lower, rallied and closed flat after and three-day
selloff. Positive EPS reactions from WMT
to lead DJI and ROST to lead SPX and NDX.
Mega
caps AAPL rose and
NVDA, MSFT, AMZN, META, TSLA, GOOGL fell.
SPY up .21 at 436.50, on 98.8 million shares, above average volume, closed higher
on higher volume.
VIX down .59 at 17.30
QQQ down .45 at 358.13
WMT, BA, UNH, CVX led the DJIA, 19 advancers, +10
GNRC, EPAM, AXON, CDAY led the SPX, 296 advancers
ROST, DDOG, AMAT, CSX led the NDX, 58 advancers.
The two-year trend term is sideways. The
one-year trend is up.
Up: IWM, DIA, SPY,
Down: QQQ,
Seven of eleven sectors were higher on Friday, led by XLE
XLU and XLP.
The SPY
MFC green line is pointed down at 20.4 and is short-term
bearish. SPY opened
lower, rallied and closed higher.
Uptrend sectors: XLE,
XLV, XLC, XLF, XLI, XLY, XLB, XLK,
Neutral sectors: XLRE, XLP,
Down trend sectors: XLU,
The 6-month intermediate
trend is up. The ten-day trend is down.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Down
58 of 100 NDX stocks
closed higher on Friday.
17
NDX stock are above their 30 DMA: CEG, ROST,
ADP, CHTR, CMCSA, MAR, BKNG, FANG, AMGN, KDP, CSCO, GOOGL, REGN, CTSH, TEAM, BKR, LULU,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 2
BKR, LULU,
Moving Below 30 DMA = 2
AMZN, AZN,
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