SPX Opens Higher, Closes Lower as Rally Fades...Energy Leads Sectors as Technology and Consumer Discretionary Continues Lower...

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The SPX -33.97 opened higher, pulled back, rallied until 1 pm, started selling off aggressively at 1 pm ET and at 2:30 pm ET before closing lower.

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

SPY down 3.35 at 436.29, on 95.7 million shares, above average volume, close lower on higher volume.  

VIX up 1.11 at 17.89

QQQ down 3.96 at 358.58

CSCO, CVX, DOW, MMM led the DJIA, 9 advancers, +3

MRNA, JNPR, PFE, KEY, DFS led the SPX, 111 advancers

MRNA, GOOGL, PDD, FANG led the NDX, 15 advancers.

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

Up: 

Down:  SPY, DIA, QQQ, IWM,

Ten of eleven sectors were lower on Thursday, led by XLE and small declines in XLB and XLU.

The SPY MFC green line is pointed down at 26.3 and is short-term bearish.  SPY opened lower, sold off at 1:00 pm and at 2:30 pm ET and closed lower.

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

15 of 100 NDX stocks closed higher on Thursday.

17 NDX stock are above their 30 DMA:  CEG, ROST, ADP, CHTR, CMCSA, MAR, BKNG, FANG, AMGN, KDP, CSCO, GOOGL, REGN, AZN, CTSH, AMZN, TEAM,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 14

ALGN, BKR, COST, GILD, INTU, LULU, MELI, MNST, ODFL, ORLY, PAYX, VRSK, WBD, WDAY,

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