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The SPX +36.25 opened higher and trended higher back to short-term resistance reversing Wednesday's selloff in its 11-day horizontal channel. NAIL,
CCL, SMH, PANW, UBER, DAL, ZION and PHM were among Thursday’s
leading gainers.
Jobs Report Friday at 8:30 am ET before the market open.
Mega caps GOOGL, META, NVDA, AMZN,
TSLA, AAPL, MSFT rose on Thursday.
SPY up 3.47 at 458.23 on 66.9 million
shares, near average volume, closed higher on slightly lower volume.
VIX up .09 at 13.06
QQQ up 5.38 at 390.43
WBA, INTC, CSCO, AAPL led the DJIA, 18 advancers, +7
AMD, KVUE, ALB, SEE, LUV led the SPX, 314 advancers
AMD, GOOGL, MRVL, SIRI led the NDX, 74 advancers.
The two-year trend term is sideways. The
one-year trend is up.
Up: QQQ, SPY, IWM, DIA,
Down:
Eight of eleven sectors were higher on Thursday, led by XLC,
XLK and XLY.
The SPY
MFC green line is sideways at 94.9 and is short-term bullish. SPY opened higher and closed 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 sideways.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Up a little
74 of 100 NDX stocks
closed higher on Thursday.
81
NDX stocks are above their 30 DMA: FAST,
MSFT, LULU, DLTR, INTC, AEP, AMZN, CRWD, CTAS, ROST, TMUS, ADBE, ASML, DXCM,
KDP, KLAC, MDLZ, MELI, SNPS, AMD, HON, PEP, 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, SGEN, BIIB,
EXC, LCID, WBA, AVGO, CDNS, CMCSA, GOOGL, META, NFLX, NVDA, SIRI,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 8
AVGO, CDNS, CMCSA, GOOGL, META, NFLX,
NVDA, SIRI,
Moving Below 30 DMA = 2
MNST, ORLY,
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