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The SPX -94.99, 5,408, opened flat, trended down and closed lower following a
negative earnings reaction from AVGO and a lower-than-expected Job Report of
142K vs160K estimate.
The NDX -2.69%, opened slightly lower, trended down led by heavy selling
in mega caps TSLA, NVDA and GOOGL.
NVDA -4.38, -4.09%, opened higher, reversed
and closed lower.
AVGO -15.83, -10.36%, on a negative earnings reaction after beating
Q3 EPS and revenue estimates and inline guidance.
Mega caps AAPL, BRK/B, MSFT, META,
AMZN, GOOGL, NVDA, TSLA fell on Friday.
SPY down 9.25 at 540.36, 68.4 million shares, above average volume
VIX up 2.48 at 22.38
QQQ down 12.35 at 448.69
TRV, MCD, V, UNH led the DJIA, 5 advancers, -9
DG, SBAC, CCI, UAL led the SPX, 124 advancers
FAST, MNST, PCAR, IDXX led the NDX, 31 advancers
Up:
Down: DIA, SPY, IWM, QQQ,
Ten of eleven sectors were lower on Friday,
least weak were XLRE, XLP and XLV.
The SPY MFC green line is
pointed down at 76.1 and is defensive.
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 down.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Down
9 of 100 NDX stocks
closed higher on Friday.
40 NDX stocks are above their 30
DMA: CTAS,
GILD, AEP, CTSH, ADP, PAYX, EXC, XEL, KHC, MDLZ, KDP, PYPL, DASH, MELI, ISRG, FTNT,
GEHC, COST, PANW, TTD, SBUX, ADSK, CCEP, NFLX, ADBE, CSCO, MRVL, ROP, ROST, WDAY,
TTWO, BKNG, CSGP, LULU, TEAM, MAR, VRSK, MDB, PEP, MNST,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 1
MNST
Moving Below 30 DMA = 14
AAPL, AMZN, CMCSA, CRWD, CSX, HON, ILMN,
LIN, META, ORLY, REGN, TMUS, TSLA, TXN,
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