SPX Closes Higher for Sixth Straight Day Forms Spinning Top...Energy, Real Estate, Basic Materials Lead Sectors...After-hours: COST up, LEN down...

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The SPX +12.46 opened higher after the weekly Jobless Claims report, traded in a range and formed a spinning top candle.  NAIL, W, ENPH, BX, PHM, SQ, UPST, NET and SHOP were among Thursday’s leading gainers.

ADBE -39.62, -6.35%, negative EPS reaction.

After-hours:  COST +8.22, +1.30%, LEN -5.16, -3.33%, EPS reactions.

Mega caps TLSA, NVDA, AAPL rose, and META, GOOGL, AMZN, MSFT fell on Thursday.

SPY up 1.51 at 472.01 on 118.3 million shares, above average volume, closed higher on higher volume.

VIX up .29 at 12.48

QQQ down .35 at 403.39

CAT, GS, CVX, DOW led the DJIA, 16 advancers, -11

SEDG, ENPH, ZBRA, ALGN led the SPX, 325 advancers 

LCID, ENPH, ALGN, MRNA led the NDX, 54 advancers.

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

Up:  IWM, DIA, SPY,

Down:  QQQ,

Seven of eleven sectors were higher on Thursday, led by XLE, XLRE and XLB.

The SPY MFC green line is sideways at 99 and is short-term bullish.  SPY opened higher and closed higher than Wednesday.

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

54 of 100 NDX stocks closed higher on Thursday.

PFE completed acquisition of SGEN today and SGEN was removed from NDX.  Annual reconstitution will occur before the open Monday Dec 18, and seven stocks will be added to the index and six additional stocks will be removed.

86 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, JD, WBD, ADP, ENPH, PANW, EBAY, MRNA, ADSK, TEAM, ALGN, REGN, AMGN, GILD, ILMN, ON, BIIB, WBA, AVGO, CMCSA, NFLX, MRVL, MU, ANSS, CDNS, CPRT, FTNT, GEHC, GFS, MNST, PEP, SIRI, AZN, META, NVDA, LCID, VRTX,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 5

ADBE, EXC, MSFT, ORLY, VRSK,

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