SPX Inches to Closing High after PPI Report Above Consensus...Breadth Weakens...Health Care, Financial, Communication Services Led Sectors...TPR Down on EPS Reaction...

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SPX +1.96, 6,468, opened lower after SP500 futures fell 35 points on a worse-than-expected PPI Report of Y/Y 3.3% vs 2.6% consensus and M/M 0.9% vs 0.2% consensus, and reversed to close slightly higher at an new all-time high.  Breadth weakened on Thursday.

RUT -1.24%, a BO test after a YTD closing high on Wednesday.

DJI, 44,911 -0.02%, pause day breakout setup, was led higher by strength in AMZN, MCD, CAT, JPM.

NDX -0.07%, pause day after a new high on Wednesday.  

NVDA +0.43, +0.24%, traded in a range and is an HBO setup.

AVGO +2.74, +0.69%, re-breakout today.

TPR -17.84, -15.71%, EPS $1.04 vs $1.02 est., Sales $1.723B vs 1.678B est., a negative EPS reaction.

Recent IPOs: AMBQ -1.43%, FIG -6.84%, FLY -2.80% and BLSH +9.75%.

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

SPY up .06 at 644.95, 59.2 million shares, below average volume,

VIX up .34 at 14.83

QQQ down .45 at 579.89

AMZN, MCD, JPM, CAT led DJIA, 12 advancers, -12

INTC, LLY, TPL, AMZN, VTRS led SPX, 142 advancers,

INTC, AMZN, NFLX, VRSK led NDX, 31 advancers,

Up: SPY,

Down: DIA, QQQ, IWM,

The SPY MFC green line is up at 93.8 and is short-term bullish. +3.6

Three of eleven sectors were higher on Thursday led by XLV, XLF and XLC. 

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

Neutral sectors: XLP, XLE, XLV, XLRE,

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

31 of 100 NDX stocks closed higher on Thursday.

53 NDX stocks are above their 30 DMA: AVGO, MSFT, NVDA, AMD, CSX, DASH, GOOGL, AEP, SNPS, CDNS, FAST, PEP, ORLY, PLTR, XEL, PDD, BKR, EXC, ROST, TMUS, APP, AZN, CTAS, META, EA, VRTX, IDXX, MRVL, LIN, AAPL, COST, CSCO, TSLA, KDP, LRCX, MNST, GILD, MU, CPRT, KLAC, PCAR, REGN, SBUX, TTWO, ADI, AMZN, ASML, BIIB, KHC, INTC, NXPI, QCOM, NFLX,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 1

NFLX,  

Moving Below 30 DMA = 4

ADP, AMAT, CEG, GEHC,

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