SPX, NDX All-time Closing High...Energy, Materials, Technology Led Sectors...Happy July 4th...May the Fourth Be With You...

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Markets are closed on Friday to celebrate July 4 Independence Day! 

Have a great and safe celebration.  We express gratitude for our Founding Fathers and all who have contributed to the preservation of the USA and its, as our Founding Fathers believed, God given unalienable rights of Life, Liberty, and the Pursuit of Happiness.

SPX +51.93, 6,279, opened higher after the Jobs Report was a better-than-expected 147K vs 110K est. and trended up making a new all-time closing high on Thursday. 

The NDX +0.99% closed at a new all-time closing high.

The DJI, 44,828 +0.77%, just short of its January 30 closing high.   

Breadth strengthened on Thursday.

TSLA -0.30, -0.10%, traded in a range.

AVGO +5.28, +1.96%, continued to rise after Tuesday’s breakout test, closing 47 cents short of Monday’s all-time high.  

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

SPY up 4.89 at 625.34, 51 million shares, below average volume

VIX down .26 at 16.38,

QQQ up 5.42 at 556.22

TRV, BA, CSCO, IBM led DJIA, 22 advancers, +9

FSLR, CDNS, SNPS, TPR led SPX, 349 advancers,

DDOG, CDNS, SNPS, ANSS led NDX, 77 advancers,

Up: QQQ, IWM, DIA, SPY

Down:

The SPY MFC green line is flat at 97.5 and is short-term bullish. -0.1

Seven of eleven sectors were higher on Thursday led by XLE, XLB and XLK.

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

Neutral sectors: XLRE, XLP, XLE, XLV,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

77 of 100 NDX stocks closed higher on Thursday.

84 NDX stocks are above their 30 DMA: CRWD, NFLX, AXON, IDXX, TTWO, CEG, INTU, ZS, ADI, AMAT, ARM, AVGO, DDOG, KLAC, LRCX, MCHP, MDB, MSFT, SNPS, NVDA, AMD, AMZN, ASML, CSCO, META, MU, ON, CSX, TXN, MRVL, WBD, DASH, PANW, SBUX, QCOM, NXPI, CSGP, EA, ADSK, MDLZ, GFS, PYPL, BKNG, CMCSA, GEHC, MAR, PCAR, ANSS, GOOGL, AEP, BKR, HON, SNPS, CDNS, CHTR, FAST, GILD, PEP, AAPL, CCEP, CDW, ISRG, LIN, TMUS, ABNB, AMGN, BIIB, CTSH, KDP, KHC, ODFL, TEAM, TTD, VRTX, MSTR, REGN, EXC, FTNT, MELI, ORLY, PLTR, ROP,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 6

EXC, FTNT, MELI, ORLY, PLTR, ROP,

Moving Below 30 DMA = 1

FANG,

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