SPX Closes Higher on Range Trading...Utlities, Real Estate, Financial Lead Sectors...VIX Remains Low Before Last Trading Day of 2023...

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The SPX +1.77 opened flat, traded in a range and closed slightly higher.  The SPX closed less than one percent or 35 points below its all-time high of 4,818 on Jan 4, 2022.

STX, SHOP, WDC, FAS, CCL and UALL were among Thursday’s leading advancers.

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

SPY up .18 at 476.69 on 77.1 million shares, above average volume, closed higher on higher volume. 

VIX up .04 at 12.47

QQQ down .20 at 411.30

NKE, MMM, MRK, AMGN led the DJIA, 20 advancers, -1

MTCH, BXP, MAA, TSN led the SPX, 332 advancers 

AMD, WBD, EXC, GILD led the NDX, 54 advancers.

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

Up:  DIA, SPY,

Down:  QQQ, IWM,

Eight of eleven sectors were higher on Thursday, led by XLU, XLRE and XLF.

The SPY MFC green line is pointed up at 96.3 and is short-term bullish. 

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

Neutral sectors: 

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: Up

54 of 100 NDX stocks closed higher on Thursday.

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, 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, CHTR,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 0

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