SPX, NDX, SPY, QQQ Make New High Before Closing Slightly Lower...Consumer Staples Lead Sectors...

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The SPX -11.05, 5,297, open flat rallied to a new all-time intraday high before reversing and closing lower.  The NDX, SPY, QQQ each made an all-time intraday high before closing slightly lower.  After the large post CPI report rally, we expected a potential modest pullback.

NVDA -2.71, -0.29%, 943.59, opened higher, traded in a range and closed slightly lower.

This week’s SPX earnings include HD, CSCO, WMT, DE, AMAT, TTWO, CPRT

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

SPY down 1.09 at 528.69 on 50.2 million shares, below average volume

VIX down 03 at 12.42

QQQ down .92 at 451.98

WMT, MMM, BA, INTC led the DJIA, 15 advancers, -2

WMT, CB, DG, EG, PODD led the SPX, 222 advancers 

MRVL, TTD, MRNA, WBA led the NDX, 49 advancers

Up: 

Down:  DIA, QQQ, SPY, IWM,

One of eleven sectors was higher on Thursday, led by XLP, XLF and XLC.

The SPY MFC green line is pointed up at 93.2 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

49 of 100 NDX stocks closed higher on Thursday.

71 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, LRCX, MRVL, ROP, TMUS, TTWO, ZS, CMCSA, EA, ROST, WBA, WBD, WDAY,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 6

CMCSA, EA, ROST, WBA, WBD, WDAY,

Moving Below 30 DMA = 5

ANSS, ASML, CDNS, CPRT, META,

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