© 2023
The SPX -54.78 opened
lower, trended down throughout quarterly expiration Friday and closed lower. The SPX closed below the high of the
low day on September 7.
Breadth was weaker on Friday.
QQQ, SPY closed below the high of the low day September 7, closing
near short-term support.
FOMC announcement Wednesday, September 20. CME Fed Watch tool expecting rates to remain
unchanged.
Mega
caps AAPL, GOOGL, TSLA, MSFT, AMZN, META, NVDA fell
on Friday.
SPY down 5.40 at 443.37, on 111.8 million
shares, above average volume, closed lower on higher volume. Went ex-dividend on Friday declaring 1.583.
VIX up .97 at 13.79.
QQQ down 6.46 at 370.81
DIS, AXP, UNH, V led the DJIA, 3 advancers, -23
LUV, COF, HST, NEM led the SPX, 94 advancers
MRNA, MELI, WBD, SGEN led the NDX, 12 advancers.
The two-year trend term is sideways. The
one-year trend is up.
Up:
Down: DIA, IWM, SPY, QQQ,
All eleven sectors were lower on Friday.
The SPY
MFC green line is pointed up at 60.5 and is short-term bullish. SPY opened lower and closed lower.
Uptrend sectors: XLE, XLC,
XLF, XLY, XLV, XLI, 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
12 of 100 NDX stocks
closed higher on Friday.
52
NDX stocks are above their 30 DMA: CEG, FANG, CSCO, GOOGL, REGN, BKR, INTU, SGEN, VRSK, 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, GFS, META, HON,
PYPL, AEP, EBAY, MRNA, PEP, BKNG, CSX, KHC, MDLZ, PCAR, QCOM, ROST, VRTX, XEL,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 13
ADBE, AVGO, CMCSA, CPRT, CTSH, DDOG,
EA, GILD, ISRG, KDP, MAR, NVDA, ORLY,
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