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2025
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post was delayed due to a power outage.
SPX +23.62, 5,912, opened
higher after an overnight rally following a positive NVDA earnings reaction and
U.S. Trade Court ruling that voided
reciprocal tariffs saying the administration
had overstepped its executive authority. The SPX
sold off after the open, traded in a range, closed below its open and
above its low and formed a black candle.
The DJI, 42,215 +0.28%, closed
higher. The NDX +0.21% was
a second pause day after a bull flag bounce.
Breadth strengthened on Thursday.
TSLA +1.53, +0.43%, black
candle pause day in a bull flag bounce.
NVDA +4.38, +3.25%, on a positive earnings reaction.
SPY up 2.32 at 590.05, 70.0 million
shares, above average volume
VIX down .13 at 19.18,
QQQ up 1.02 at 519.93
NDSN, BIIB, FICO, EL led the SPX, 359 advancers,
BIIB, NVDA, GILD, REGN led the NDX, 51 advancers,
Up: SPY, IWM, DIA, QQQ,
Down:
The SPY
MFC green line turned up at 89.7 and is short-term bullish. +1.1
Ten
of eleven
sectors were lower, and one was unchanged on Thursday. The least negative sectors were XLRE, XLE and
XLU.
Uptrend sectors: XLI, XLU,
Neutral sectors: XLK, XLP, XLRE, XLF, XLC, XLY, XLE, XLB,
Down trend sectors: XLV,
The 6-month intermediate trend is sideways. The ten-day trend
is sideways.
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Up
51 of 100 NDX stocks closed higher on Thursday.
76 NDX stocks are above their 30
DMA: COST, CRWD, CTAS,
MNST, PLTR, MELI, NFLX, ADSK, AXON, BKNG, CDNS, IDXX, TTWO, CEG, INTU, ZS, ABNB,
ADI, AMAT, ANSS, ARM, AVGO, DDOG, DXCM, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT,
SNPS, TSLA, TTD, CHTR, PYPL, CDW, ADBE, HON, NVDA, PAYX, VRSK, ADP, AMD, CTSH,
GFS, AMZN, APP, ASML, CSCO, META, MU, NXPI, ON, CSX, GEHC, LULU, QCOM,
TXN, MRVL, ODFL, WBD, DASH, BIIB, FAST, GOOGL, PCAR, LIN, REGN, AZN, GILD, PANW,
SBUX, AMGN, MDLZ, CCEP,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 2
BKR, FANG,
Moving Below 30 DMA = 3
CMCSA,
FTNT, ROP,
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