SPX, NDX Close Higher after Jobs Report, AVGO Positive EPS Reaction...Breadth Strengthens...Volatility Falls, Remains High...Utilities, Energy, Technology Lead Sectors...

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SPX +31.68, 5,770, opened lower, traded in volatile range, made a new 3-month intraday low and rallied to a higher close.  Breadth strengthened in exchange advancers, indexes and sectors. 

The Jobs Report at 8:30 am ET, was 151K new jobs below 3 different estimates of 159K (SPY newsfeed) 160K (Econoday) and 170K (Dow Jones), The initial reaction in /ES futures was up 40 points which faded BMO.

The DJI, 42,801, +0.52%, opened slightly lower, closed higher and formed a piercing line candle. NDX +0.74% opened slightly lower, made an intraday 3-month low, rallied to closed higher and also formed a piercing line candle.

SMCI: +1.19, +3.21%, opened lower, closed higher, formed a bullish engulfing candle.

TSLA -0.78, -0.30% opened lower, formed a hammer candle.

AVGO +15.51, +8.64%, HPE –2.15, -11.97%, COST –62.31, -6.07%, on EPS reactions.

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

SPY up 3.21 at 575.92, 81.1 million shares, above average volume

VIX down 1.50 at 23.37

QQQ up 3.59 at 491.79

IBM, VZ, MCD, CAT led the DJIA, 20 advancers, +9

AVGO, SWKS, WBA, DG led the SPX, 345 advancers,

AVGO, ARM, PLTR, AXON led the NDX, 68 advancers

Up: QQQ, SPY, DIA, IWM,

Down:

The SPY MFC green line is pointed down at 15.3 and is short-term bearish. –3.3.

Nine of eleven sectors were higher on Friday, led by XLU XLE and XLK. 

Uptrend sectors: XLC, XLF, XLY, XLI, XLP, XLV,

Neutral sectors: XLK, XLU, XLRE, XLE,

Down trend sectors: XLB,

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

3-month Intermediate Term Market Trend:  Sideways

3-day Short Term Market Trend:  Down a little

68 of 100 NDX stocks closed higher on Friday.

40 NDX stocks are above their 30 DMA: CDW, ISRG, AEP, EXC, PAYX, AMGN, AZN, LIN, GILD, ROP, VRSK, VRTX, TMUS, CSCO, MDLZ, TTWO, KDP, MNST, WBD, ADI, MCHP, KHC, TXN, PEP, EA, INTU, CHTR, BIIB, CSGP, PDD, CMCSA, FAST, REGN, ZS, AAPL, ADBE, ASML, HON, NXPI, PCAR,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 6

AAPL, ADBE, ASML, HON, NXPI, PCAR,  

Moving Below 30 DMA = 4

CCEP, COST, MELI, ORLY,

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