SPX +37 in Broad Rally after PPI and Retail Sales Reports...Real Estate, Utilities, Basic Materials Lead all Sectors Higher...

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The SPX +37.66 gapped up after the PPI and Retail Sales reports, filled the gap and closed higher.  The SPX made a five-day high in its short-term uptrend. 

Breadth was stronger on Thursday.  

QQQ, SPY closed higher in their intermediate term trend continuation bounce patterns.

PPI report:  Core Y/Y 2.2% vs. 2.3% expected M/M 0.2% vs. 0.02 % expected.

Retails Sales reports 0.6% vs 0.2%, better than expected.

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

SPY up 3.85 at 450.36, on 83.4 million shares, above average volume, closed higher on higher volume.  

VIX down .66 at 12.82, lowest close since Jan 13, 2020

QQQ up 3.06 at 377.27

GS, WBA, CAT, DOW led the DJIA, 26 advancers, +12

NCLH, MOS, LNC, KMX led the SPX, 429 advancers

SIRI, MRNA, ALGN, PCAR led the NDX, 81 advancers.

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

Up:  IWM, DIA, SPY, QQQ,

Down: 

All eleven sectors were higher on Thursday, led by XLRE, XLU and XLB.

The SPY MFC green line is pointed up at 60 and is short-term bullish.  SPY gapped up, filled the gap and rallied to a higher close. 

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 a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little

81 of 100 NDX stocks closed higher on Thursday.

65 NDX stocks are above their 30 DMA:  CEG, FANG, CSCO, GOOGL, REGN, CTSH, BKR, INTU, SGEN, VRSK, ADBE, CDNS, TEAM, WDAY, CTAS, MELI, PANW, SNPS, AMZN, INTC, MU, PDD, ANSS, ZM, ZS, CRWD, LULU, MSFT, ABNB, TSLA, TTD, AMGN, EXC, FTNT, TMUS, CHTR, COST, DDOG, GFS, META, HON, PYPL, AEP, CPRT, EA, EBAY, ISRG, MRNA, PEP, AVGO, BKNG, CMCSA, CSX, GILD, KDP, KHC, MAR, MDLZ, NVDA, ORLY, PCAR, QCOM, ROST, VRTX, XEL,   

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 16

AVGO, BKNG, CMCSA, CSX, GILD, KDP, KHC, MAR, MDLZ, NVDA, ORLY, PCAR, QCOM, ROST, VRTX, XEL,

Moving Below 30 DMA = 2

ODFL, ON,

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