SPX Closes Back Above 5,300...Energy, Basic Materials, Financial Lead Sectors...CAT, JPM Lead DJIA to 40K Close...

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The SPX +6.17, 5,303, opened higher, traded lower and rallied to close higher, forming a dragonfly doji.  The NDX, SPY, QQQ formed similar hammer or doji candles in a bull flag pattern.  DJIA closes 40,003. 

NVDA -18.80, -1.99%, 924.79, opened flat, traded down and closed lower.

Next week’s SPX earnings include PANW, NDSN, LOW, AZO, TGT, ADI, TJX, SNPS, NVDA, MDT, RL, DECK, INTU, ROST

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

SPY up .76 at 529.45 on 59.1 million shares, below average volume

VIX down 43 at 11.99

QQQ down .22 at 451.76

CAT, JPM, BA, WMT led the DJIA, 20 advancers, +5

VLO, FCX, CB, TSCO led the SPX, 222 advancers 

SBUX, CRWD, PDD, NFLX led the NDX, 50 advancers

Up:  DIA, SPY, IWM,

Down:  QQQ,

Eight of eleven sectors were higher on Friday, led by XLE, XLB and XLF.

The SPY MFC green line is pointed up at 94.5 and is short-term bullish.

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

Neutral sectors:  XLY, XLV, XLRE,

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

50 of 100 NDX stocks closed higher on Friday.

68 NDX stocks are above their 30 DMA:  AZN, GOOGL, KDP, XEL, PEP, AEP, EXC, MDLZ, PANW, PDD, MRNA, CCEP, MCHP, TXN, NXPI, TSLA, BIIB, COST, AMGN, TTD, VRSK, AAPL, ADI, AMZN, MELI, ON, QCOM, REGN, AMAT, BKNG, CEG, CRWD, CTAS, INTU, KLAC, NVDA, FANG, GFS, HON, NFLX, SNPS, VRTX, AVGO, ADP, BKR, IDXX, ISRG, MSFT, PAYX, CHTR, MU, CSCO, GILD, MDB, TSLA, ADBE, AMD, BKR, CTSH, MRVL, ROP, TMUS, TTWO, ZS, WBA, WDAY, ASML, CDNS,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

ASML, CDNS,

Moving Below 30 DMA = 5

CMCSA, EA, LRCX, ROST, WBD,

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