SPX, NDX Rally Up, Fade and Close Flat...Energy, Financials, Industrials Lead Sectors...After-hours: MRVL, LULU, ADSK, MDB, DELL Positive Earnings Reactions....

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The SPX -0.22, 5,592, opened higher, trended up, reversed after noon and closed lower.  The VIX opened lower, trended down and closed lower.

The NDX -0.13%, opened higher, reversed after noon and closed lower.

NVDA -8.02, -6.38%, opened $4 lower, rallied $3, reversed and closed lower after reporting Q2 revenue and earnings that exceeded expectations and raised guidance, but apparently not by enough for buying to exceed selling on Thursday.  The good news was that volume was about 1.5% of the outstanding shares, meaning that 98.5% of shares were not traded.

BBY +12.39, +14.11%, COO +11.19, +11.84%, both gapped up and closed higher on positive earnings reactions.

CRWD +7.47, +2.83%, reported a revenue and earnings beat but lowered guidance for Q3 and FY25. 

CRM -1.89, -0.73%, reported revenue and earnings that exceeded expectations, and raised Q3 revenue and earnings guidance. CRM gapped higher and reversed, filled the gap and closed lower.

After hours: 

MRVL +5.16, +7.39%, LULU +13.19, +5.09%, ADSK +12.27, +4.75%, MDB +10.35, +4.40%, and DELL +3.67, +3.31% moved higher on positive earnings reactions.

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

BRK/B became an eighth mega cap reaching a $1 trillion market cap on Wednesday.

SPY up .05 at 558.35, 38.6 million shares, below average volume, C-pattern BO continuation pause

VIX down 1.46 at 15.65

QQQ down .69 at 470.66

INTC, V, AAPL, GS led the DJIA, 27 advancers, +17

BBY, COO, WST, SOLV led the SPX, 342 advancers

ARM, PDD, MDB, PYPL led the NDX, 66 advancers

Up:  IWM, DIA, SPY,

Down:  QQQ,

Seven of eleven sectors were higher on Thursday, led by XLE, XLF and XLI.

The SPY MFC green line is pointed up at 91.8 and is short-term bullish.

Uptrend sectors:   XLV, XLP, XLRE, XLU, XLF, XLI, XLC, XLB, XLK,

Neutral sectors:  XLY, XLE,

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

66 of 100 NDX stocks closed higher on Thursday.

68 NDX stocks are above their 30 DMA:  EA, CTAS, GILD, AEP, CTSH, ILMN, ADP, PAYX, EXC, XEL, KHC, ORLY, MDLZ, KDP, PYPL, AZN, DASH, TMUS, MELI, ISRG, FTNT, REGN, GEHC, LIN, META, COST, PANW, TTD, SBUX, ADSK, ANSS, CCEP, NFLX, AVGO, KLAC, NVDA, AAPL, ADBE, CSCO, IDXX, MRVL, ROP, ROST, TXN, WDAY, ZS, CEG, TTWO, AMD, CPRT, BKNG, CDW, CSGP, LULU, ADI, CRWD, ON, TEAM, ASML, HON, MAR, AMGN, VRSK, VRTX, CSX, DDOG, FANG, MDB,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 4

CSX, DDOG, FANG, MDB,

Moving Below 30 DMA = 4

CHTR, CMCSA, PEP, WBD,

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