SPX Closes Flat after Seveneth Weekly Gain...Technology, Consumer Dicretionary Lead Sectors on Friday...

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The SPX -0.36 opened flat, traded in a range on quarterly expiration Friday and formed a second spinning top candle.  COST, BA, ENPH, CRWD, PANW, AVGO, AMZN and CRM were among Friday’s leading gainers.

COST +28.04, +4.45%, a positive EPS reaction after declaring a Special $15 dividend. LEN -5.33, -3.57%, EPS reaction.

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

SPY down .77 at 469.33 on 141.5 million shares, above average volume, closed lower on higher volume. 

VIX down .20 at 12.28

QQQ up 1.95 at 405.34

BA, INTC, CRM, MSFT led the DJIA, 14 advancers, -2

FSLR, STLD, ORCL, ODFL led the SPX, 129 advancers 

JD, COST, TEAM, ENPH led the NDX, 52 advancers.

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

Up:  QQQ, DIA,

Down:  SPY, IWM,

Two of eleven sectors were higher on Friday, led by XLK, XLY and XLP.

The SPY MFC green line is sideways at 97.3 and is short-term bullish.  SPY was ex-dividend $1.906 and closed lower.

Uptrend sectors:   XLC, XLK, XLF, XLY, XLI, XLRE, XLB, XLE,

Neutral sectors:  XLV, XLU,

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

52 of 100 NDX stocks closed higher on Friday.

Annual reconstitution of the NDX will occur before the open Monday Dec 18, and seven stocks will be added to the index and six additional stocks will be removed.

88 NDX stocks are above their 30 DMA:  FAST, LULU, DLTR, INTC, AEP, AMZN, CRWD, CTAS, ROST, TMUS, ASML, DXCM, KDP, KLAC, MDLZ, MELI, SNPS, AMD, HON, QCOM, AAPL, AMAT, EA, KHC, LRCX, COST, CSGP, PCAR, PDD, WDAY, ZS, BKNG, DDOG, INTU, MAR, ADI, IDXX, ISRG, MCHP, PAYX, ABNB, CSX, CTSH, NXPI, PYPL, TMUS, TXN, XEL, ZM,  WBD, ADP, ENPH, PANW, EBAY, MRNA, ADSK, TEAM, ALGN, REGN, AMGN, GILD, ILMN, ON, BIIB, WBA, AVGO, CMCSA, NFLX, MRVL, MU, ANSS, CDNS, FTNT, GEHC, GFS, MNST, SIRI, AZN, META, NVDA, LCID, VRTX, CSCO, JD, MSFT, ODFL,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 4

CSCO, JD, MSFT, ODFL,

Moving Below 30 DMA = 2

CPRT, PEP,

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