© 2023
The SPX +2.72 opened flat,
traded in a range and closed flat during a holiday half day trading which was
the lowest daily volume in 2023. VIX
closed at a 52-week closing low. NVDA
-9.40, -1.93% closed
lower for a second day after record revenues, earnings beat and raised guidance
after the close on Tuesday.
Mega caps TSLA, AMZN rose
and MSFT, AAPL, META, GOOGL, NVDA fell on Friday.
SPY up .28 at 455.30 on 29.7 million
shares, below average volume, closed higher on lower volume.
VIX down .34 at 12.46, a 52-week low
QQQ down .55 at 389.51
JNJ, DIS, WMT, TRV led the DJIA, 27 advancers, +4
BBY, A, WRK, FIS led the SPX, 377 advancers
DXCM, WBD, JD, DLTR led the NDX, 72 advancers.
The two-year trend term is sideways. The
one-year trend is up.
Up: IWM, DIA, SPY,
Down: QQQ,
Nine of eleven sectors were higher on Friday, led by XLV, XLB and XLE.
The SPY
MFC green line is sideways at 97.4 and is short-term bullish. SPY opened flat and closed flat.
Uptrend sectors: XLC,
XLK, XLF, XLY, XLE,
Neutral sectors: XLI, XLB, XLV, XLU, XLRE,
Down trend sectors: XLP,
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
72 of 100 NDX stocks
closed higher on Friday.
84
NDX stocks are above their 30 DMA: FAST,
MSFT, LULU, NFLX, DLTR, ORLY, INTC, AEP, AMZN, CEG, CRWD, CTAS, ROST, TMUS, ADBE,
ASML, CDNS, DXCM, GEHC, KDP, KLAC, MDLZ, MELI, SNPS, AMD, AVGO, HON, META,
MNST, MU, PEP, QCOM, SIRI, AAPL, AMAT, CPRT, EA, KHC, LRCX, NVDA, SBUX, COST,
CSGP, PCAR, PDD, WDAY, ZS, BKNG, DDOG, INTU, MAR, MRVL, VRSK, ADI, ANSS, IDXX,
ISRG, MCHP, PAYX, ABNB, CSX, CTSH, GFS, GOOGL, NXPI, ODFL, PYPL, TMUS,
TXN, XEL, ZM, JD, WBD, ADP, CMCSA, ENPH, PANW, EBAY, ALGN, AZN, EXC, MRNA,
SGEN,NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 5
ALGN, AZN, EXC, MRNA, SGEN,
Moving Below 30 DMA = 0
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