SPX Closes Slightly Higher...Energy, Real Estate, Utilities Lead Sectors...Earnings Season Kicks off...Markets Closed Monday...

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Markets are closed Monday for the Martin Luther King, Jr. Holiday.

The SPX +3.59 closed slightly higher on Friday.

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

SPY up .33 at 476.68 on 58.0 million shares, below average volume, closed slightly higher on lower volume. 

VIX up .26 at 12.70

QQQ up .21 at 409.56

IBM, VZ, CVX, AMGN led the DJIA, 15 advancers, -0

CTSH, BK, DINO, NOC led the SPX, 261 advancers 

MELI, CTSH, CCEP, REGN led the NDX, 51 advancers.

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

Up:  SPY, QQQ,

Down:  IWM, DIA,

Seven of eleven sectors were higher on Friday, led by XLE, XLRE and XLU.

The SPY MFC green line turned up at 90.7 and is short-term bullish.

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

Neutral sectors:  XLE,

Down trend sectors:

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

51 of 100 NDX stocks closed higher on Friday.

58 NDX stocks are above their 30 DMA:  DLTR, INTC, CRWD, CTAS, ROST, TMUS, DXCM, AMD, QCOM, KHC, COST, PDD, ZS, BKNG, MARISRG, CSX, TXN, MRNA, TEAM, REGN, AMGN, GILD, ILMN, AVGO, MRVL, MU, ANSS, FTNT, GEHC, AZN, META, VRTX, CSCO, CCEP, SPLK, GOOG, MNST, ADP, MDLZ, ADSK, NVDA, PYPL, AMZN, CTSH, DASH, DDOG, GOOGL, INTU, LRCX, MSFT, NFLX, WDAY, EA, PANW, TTWO, FAST, MELI, CDNS, FANG, GFS,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

CDNS, FANG, GFS,

Moving Below 30 DMA = 7

ABNB, CDW, CMCSA, IDXX, KLAC, PCAR, SIRI,

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