NDX, SPX Bounce on Broad Rally...Consumer Discretionary, Technology, Real Estate Lead Sectors...NVDA Leads DJI...TSLA Bounces Back...

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SPX +73.92, 5,942.  A higher opening led to a strong up trend move on expiration Friday.  Breadth was significantly higher as the SPX closed above Thursday’s high for a channel bounce signal.  At 10 am EST, the ISM report at 49.3 was above the 48.5 consensus and likely contributed to Friday’s strong institutional buying.

The DJI, 42,732, closed +0.80% higher.  The RUT closed +36.80, +1.65% higher.

NDX +01.67%, closed above Thursday’s high.

TSLA +31.16, +8.22%, also closed above Thursday’s high.

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

SPY up 7.31 at 591.95, 37.8 million shares, below average volume

VIX down 1.80 at 16.13,

VIX1D down 3.84 at 11.59,

QQQ up 8.35 at 518.58

NVDA, AMZN, AXP, UNH led the DJIA, 23 advancers, +13   

SMCI, VST, TSLA, PLTR led the SPX, 395 advancers

MSTR, ARM, TSLA, PLTR led the NDX, 85 advancers

Up:  QQQ, IWM, SPY, DIA,

Down: 

The SPY MFC green line is pointed down at 29.8 and is short-term bearish. -8.

Nine of eleven sectors were higher on Friday, led by XLY, XLK and XLRE. 

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

Neutral sectors:  XLE,

Down trend sectors: XLB, XLV,

The 6-month intermediate trend is up.  The ten-day trend is Sideways.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

85 of 100 NDX stocks closed higher on Friday.

26 NDX stocks are above their 30 DMA:  MRVL, AMZN, LULU, AVGO, GOOGL PLTR, ROST, APP, CEG, DXCM, META, NVDA, ABNB, ARM, ASML, BKR, CRWD, DASH, EXC, FANG, FTNT, KLAC, LRCX, QCOM, TSLA, TTWO,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 14

ABNB, ARM, ASML, BKR, CRWD, DASH, EXC, FANG, FTNT, KLAC, LRCX, QCOM, TSLA, TTWO,  

Moving Below 30 DMA = 1

CSCO,

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