SPX, NDX Closed Modestly Lower...Energy, Consumer Staples, Utilities Led Sectors...GOOGL, META Down on Friday...

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SPX -13.03, 5,967, opened higher after Fed’s Waller indicating Fed positioned for cuts as early as July before the open, traded higher during the opening fifteen minutes of trading, before reversing and intraday trended lower into the close. 

The DJI, 42,206 +0.08%, closed slightly higher.  The NDX -0.43% moved lower on weakness in GOOGL and META. 

Breadth weakened on Friday.

TSLA +0.11, +0.03%, traded in a range for a seventh day.

AVGO -1.27, -0.51%, another bull flag bounce pause day.

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

SPY down 1.40 at 594.27, declared 1.761 quarterly dividend, 94.0 million shares, above average volume

VIX down 1.55 at 20.62,

QQQ down 2.16 at 526.83

AAPL, WMT, MMM, CVX led DJIA, 17 advancers, +2

KR, BLDR, KMX, COIN led SPX, 296 advancers,

MDLZ, CHTR, AAPL, PYPL led NDX, 41 advancers,

Up: DIA,

Down: IWM, SPY, QQQ,

The SPY MFC green line is flat at 85.1 and is counter-trend defensive. -4.0

Six of eleven sectors were higher on Friday led by XLE, XLP and XLU.

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

Neutral sectors: XLRE, XLF, XLP, XLE,

Down trend sectors: XLV,

The 6-month intermediate trend is sideways.  The ten-day trend is sideways.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

41 of 100 NDX stocks closed higher on Friday.

49 NDX stocks are above their 30 DMA: COST, CRWD, MNST, NFLX, AXON, CDNS, IDXX, TTWO, CEG, INTU, ZS, ABNB, ADI, AMAT, ARM, AVGO, DDOG, KLAC, LRCX, MCHP, MDB, MSFT, SNPS, NVDA, AMD, AMZN, ASML, CSCO, META, MU, ON, CSX, TXN, MRVL, WBD, DASH, GILD, PANW, SBUX, AMGN, CCEP, BKR, QCOM, NXPI, CSGP, FANG, PLTR, EA, ADSK, KDP, MDLZ,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 3

ADSK, KDP, MDLZ,

Moving Below 30 DMA = 4

FAST, GEHC, GOOGL, VRTX,

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