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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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