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The SPX -22.39, 5,460, opened slightly higher, after the PCE report was in line
with consensus forecast of a Core PCE Y/Y drop of -.02% to 2.6%, traded
in a wide range, made a new intraday all-time high of 5,523 and a selloff and closed lower. The SPX closed above 5,400 for the twelfth
day.
SPY down 2.15 at 544.22, 76.1 million shares, above average volume.
VIX up .86 at 16.09
QQQ down 2.50 at 479.11
The SPY
MFC green line is pointed down at 83.1 and is counter-trend defensive.
Uptrend sectors: XLK,
XLC, XLU, XLP, XLF, XLB, XLI, XLE,
Neutral sectors: XLV, XLRE, XLY,
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: Sideways
41 of 100 NDX stocks
closed higher on Friday.
61 NDX stocks are above their 30
DMA: GOOGL,
TSLA, COST, TTD, VRSK, AAPL, REGN, AMAT, BKNG, KLAC, NVDA, FANG, NFLX, SNPS,
VRTX, ISRG, CHTR, TMUS, EA, ROST, HON, CMCSA, META, ROP, MSFT, AVGO, CRWD,
LIN, LRCX, ZS, ILMN, CTAS, PANW, LIN, ORLY, ADSK, MAR, TSLA, ADBE, ABNB, CPRT, KDP, AMGN, AMZN, BKR, CTSH, GILD, INTU, CSCO, DDOG, FANG, ARM, GFS, TEAM,
BIIB, FTNT, CMCSA, CSX, INTC, ODFL, WDAY,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 5
CMCSA, CSX, INTC, ODFL, WDAY,
Moving Below 30 DMA = 2
GEHC, MELI,
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