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The SPX -31.47, 5,235, gapped down as futures fell overnight and traded in a range
closing slightly higher than its open but below Tuesday’s low. Breadth strengthened. The NDX closed -0.70%.
PCE Inflation Report Friday, BMO.
NVDA -43.25, -3.77%, 1,105.00, opened
slightly lower, trended lower and closed lower.
10 for 1 split to take effect on June 7.
After-hours earnings reactions: ZS, +25.15, +16.05%, DELL -30.22, -17.78%,
COST -14.24, -1.75%
This week’s SPX earnings include A, CRM, HPQ, BBY,
HRL, DG.
ULTA, COO, COST, NTAP.
Mega caps TSLA, AAPL rose
and AMZN, META, GOOGL, MSFT, NVDA fell on Thursday.
SPY down 3.49 at 522.61 on 46.4 million shares, below average volume.
VIX up .19 at 14.47
QQQ down 4.89 at 451.55
VZ, HON, NKE, AMGN led the DJIA, 22 advancers, +19
HPQ, BBY, CVS, BBWI led the SPX, 361 advancers
WBD, WBA, BIIB, CMCSA led the NDX, 58 advancers
Up: IWM,
Down: SPY, DIA, QQQ,
Nine of eleven sectors were higher on Thursday, led by XLRE,
XLU and XLB.
The SPY
MFC green line is pointed down for a
sixth day at 83.9 and is counter-trend defensive.
Uptrend sectors: XLU, XLP,
XLK, XLI, XLF, XLC, XLB, XLE,
Neutral sectors: XLY, XLV, XLRE,
Down trend sectors:
The 6-month intermediate
trend is up. The ten-day trend is down.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Down
58 of 100 NDX stocks
closed higher on Thursday.
48 NDX stocks are above their 30
DMA: AZN,
GOOGL, KDP, PDD, MRNA, MCHP, TXN, NXPI, TSLA, COST, AMGN, TTD, VRSK, AAPL, ADI,
MELI, ON, QCOM, REGN, AMAT, BKNG, CEG, KLAC, NVDA, FANG, NFLX, SNPS, VRTX, AVGO,
ISRG, MSFT, CHTR, MU, TSLA, AMD, BKR, MRVL, TMUS, TTWO, EA, LRCX, CDW, ROST, BIIB,
HON, WBD,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 3
BIIB, HON, WBD,
Moving Below 30 DMA = 4
CRWD, META, PANW, ROP,
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