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The SPX +7.88 closed higher on lighter volume heading into the 3-day
Christmas Holiday weekend. The SPX closed higher for the eighth straight week. Markets are closed Monday for the Christmas Holiday and stocks resume
trading on Tuesday Dec 26.
BX, MU,
COST, SHOP, ZION, RCL and IBM were among Friday’s leading advancers.
NKE -14.49, -11.83%, a negative EPS reaction after reporting Thursday AMC.
Mega caps GOOGL, MSFT rose,
and META, AMZN, NVDA, AAPL, TSLA fell on Friday.
SPY up .95 at 473.65 on 67.1 million
shares, below average volume, closed higher on lower volume.
VIX down .62 at 13.03
QQQ up .61 at 408.38
INTC, AMGN, MRK, WMT led the DJIA, 22 advancers, -6
ANSS, ALB, ALLE, BMY, INCY led the SPX, 371 advancers
ANSS, MRNA, DLTR, BIIB led the NDX, 65 advancers.
The two-year trend term is sideways. The
one-year trend is up.
Up: IWM, SPY, QQQ,
Down: DIA,
Ten of eleven sectors were higher on Friday, led by XLP, XLB and XLV.
The SPY
MFC green line turned up at 92.9 and is short-term bullish.
Uptrend sectors: XLC,
XLK, XLF, XLY, XLI, XLRE, XLB, XLE, XLV,
Neutral sectors: XLU, XLP,
Down trend sectors:
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: Sideways
65 of 100 NDX stocks
closed higher on Friday.
91NDX stocks are above their 30
DMA: FAST, LULU, DLTR, INTC, AEP, AMZN, CRWD, CTAS, ROST, TMUS, ASML,
DXCM, KDP, KLAC, MELI, AMD, HON, QCOM, AAPL, AMAT, EA, KHC, LRCX, COST, CSGP,
PCAR, PDD, WDAY, ZS, BKNG, DDOG, INTU, MAR, ADI, IDXX, ISRG, MCHP, ABNB, CSX,
CTSH, NXPI, PYPL, TSLA, TXN, XEL, WBD, PANW, MRNA, ADSK, TEAM, REGN, AMGN,
GILD, ILMN, ON, BIIB, WBA, AVGO, CMCSA, NFLX, MRVL, MU, TTD, ANSS, CDNS,
FTNT, GEHC, GFS, SIRI, AZN, META, NVDA, VRTX, CSCO, ODFL, CCEP, CDW, DASH, MDB,
ROP, SPLK, TTWO, BKR, FANG,
GOOGL, MNST,
MSFT, ADP, MDLZ, PEP,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
ADP, MDLZ, PEP,
Moving Below 30 DMA = 1
SNPS,
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