SPX, NDX Closed Higher as Rally Resumes...Technology, Consumer Discretionary, Communication Services Lead Sectors...Markets Closed Monday...

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Markets are closed Monday for the Martin Luther King, Jr. Holiday.  Enjoy the 3-day weekend.  See you Tuesday.

SPX +59.32, 5,996, gapped up, traded in a range and closed higher, formed a doji and closed above its 30 DMA.  A strong rally on Wednesday, a pause day on Thursday, followed by a rally continuation bounce on Friday as breadth broadened and earnings season continued. 

The DJI, 43,487, closed +0.78% above its 30 DMA. 

NDX +1.66%, rallied higher to a close above its 30 DMA.

TSLA +12.68, +3.06%, opened and closed higher, above its 30 DMA.

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40 more SPX companies report next week Tuesday through Friday: Tuesday BMO: ADM, DHI, FITB, KEY, MMM, PLD, SCHW, Tuesday AMC: COF, NFLX, STX, UAL

First day reaction: Q4

Positive:  SLB, TFC, FAST, CFG, HBAN, MS, BK, WFC, C, GS, BLK, JPM, WBA, DAL = 14

Neutral:  BAC = 1

Negative:  JBHT, STT, RF, UNH, USB, MTB, PNC, STZ = 8

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

SPY up 5.94 at 597.58, 58.0 million shares, above average volume

VIX down .63 at 15.97,

VIX1D up .54 at 14.89,

QQQ up 8.66 at 521.74

NVDA, AMZN, GS, JPM led the DJIA, 23 advancers, +4       

INTC, SLB, TFC, DE, RCL led the SPX, 340 advancers,

INTC, MSTR, MRVL, GFS led the NDX, 82 advancers

Up:  QQQ, SPY, DIA, IWM, 

Down: 

The SPY MFC green line is pointed up at 40.8 and is short-term bullish. +11.9.

Eight of eleven sectors were higher on Friday, led by XLK, XLY and XLC.

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

Neutral sectors:  XLE,

Down trend sectors: XLRE, XLP, XLV, XLB,

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: Up

82 of 100 NDX stocks closed higher on Friday.

51 NDX stocks are above their 30 DMA:  MRVL, AVGO, GOOGL CEG, ASML, BKR, FANG, KLAC, AMAT, CDW, GEHC, ISRG, AEP, DXCM, ARM, CSCO, EXC, MU, PAYX, PCAR, QCOM, AMGN, ANSS, LRCX, MELI, META, MSTR, PDD, PYPL, SNPS, TSLA, ADP, AZN, LIN, SBUX, ABNB, ADI, AMZN, APP, CCEP, CDNS, CSGP, CTAS, DASH, FAST, INTC, NVDA, NXPI, ODFL, TTWO, TXN,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 16 

ABNB, ADI, AMZN, APP, CCEP, CDNS, CSGP, CTAS, DASH, FAST, INTC, NVDA, NXPI, ODFL, TTWO, TXN,

Moving Below 30 DMA = 3

CRWD, CSX, IDXX,

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