SPX, NDX Pause as RUT, DJI Rise...Consumer Staples, Financial, Health Care Lead Sectors...AVGO Leads NDX...

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SPX -2.45, 6,037.  Breadth weakened on Thursday and was a pause day after a very strong broad rally on Tuesday, Christmas Eve.  The DJI, 43,325, closed higher for a fifth day.  The RUT closed +0.90% higher.

NDX -0.13%, paused, stayed above Tuesday’s large white candle S1 level and closed slightly lower in its bull flag bounce.

TSLA -8.15, -1.76%, after rising overnight, opened slightly higher and pulled back after the open and closed above Tuesday’s S1 level after rising +31.68 on Tuesday.  

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

SPY up 0.04 at 601.34, 19.8 million shares, below average volume

VIX up 0.46 at 14.73,

VIX1D up 0.73 at 9.59,

QQQ down 0.36 at 529.60

HON, UNH, PG, MMM led the DJIA, 18 advancers, -10         

WBA, DLTR, TGT, BBY led the SPX, 282 advancers

AVGO, ROST, SBUX, APP led the NDX, 41 advancers

Up:  IWM, DIA, SPY,

Down:  QQQ,

The SPY MFC green line turned up at 47.8 and is short-term bullish. +6.3.

Six of eleven sectors were higher on Thursday, led by XLP, XLF and XLV. 

Uptrend sectors:   XLK, XLY, XLC, XLF, XLI, XLP, XLU, XLRE,

Neutral sectors:  XLE,

Down trend sectors: XLB, XLV,

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: Up

41 of 100 NDX stocks closed higher on Thursday.

34 NDX stocks are above their 30 DMA:  MRVL, NFLX, TSLA, WBD, AMZN, LULU, AAPL, MSFT, ASML, AVGO, GOOGL APP, CRWD, DXCM, FTNT, GILD, AZN, CSCO, GFS, KLAC, META, NVDA, PLTR, ADI, CDNS, MAR, PYPL, ROST, WDAY, ABNB, CTSH, HON, PAYX, TTWO, 

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 5

ABNB, CTSH, HON, PAYX, TTWO,  

Moving Below 30 DMA = 2

ON, QCOM,

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