SPX Closes Slightly Higher on Monthly Expiration Friday...Energy, Consumer Discretionary, Industrials Lead Sectors...ROST Leads SPX, NDX...

© 2023

The SPX +5.78 opened flat, traded in a range and closed slightly higher.  Monthly expiration position rebalancing appears to have influenced the narrow trading range and higher volume on Friday.

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

SPY up .56 at 450.79 on 83.1 million shares, average volume, closed higher on higher volume. 

VIX down .52 at 13.80

QQQ up .09 at 386.04

WBA, AXP, CAT, CVX led the DJIA, 15 advancers, -2

ROST, EXPE, ALB, HUBB, ETSY led the SPX, 330 advancers

ROST, WBD, ENPH, FANG led the NDX, 62 advancers.

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

Up:  IWM, SPY, DIA, QQQ,

Down:  

Six of eleven sectors were higher on Friday, led by XLE, XLY and XLI.

The SPY MFC green line is sideways at 97 and is short-term bullish.  SPY opened flat and closed slightly higher. 

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 a little

3-day Short Term Market Trend: Up

62 of 100 NDX stocks closed higher on Friday.

77 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, ADSK, ANSS, IDXX, ISRG, MCHP, PAYX, ABNB, CSX, CTSH, GFS, GOOGL, NXPI, ODFL, PYPL, TEAM, TMUS, TXN, XEL, ZM, JD, WBA, WBD,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

WBA, WBD,

Moving Below 30 DMA = 1

EXC,

Add Comments here: