DJI, SPX, NDX Reach All-time Closing High after and Inline CPI Report...Basic Materials, Consumer Discretionary, Health Care Led All Sectors Higher...TSLA Led Mega Caps...

 

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SPX +55.43, 6,587, higher open, trend up, closed at an all-time closing high.  CPI report was inline with expectations.  Breadth strengthened on Thursday.

NDX +0.60%, breakout to an all-time closing high.

DJI, 46,108, +1.36%, breakout to an all-time closing high, led by strength in GS, SHW and HD.

NVDA -0.16, -0.09%, gapped up, closed slightly lower and formed a red spinning top.

AVGO -9.94, -2.69%, pulled back to Wednesday’s S-1 level on a breakout test.   

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

SPY up 5.42 at 657.63, 69.7 million shares, average volume,

VIX down .64 at 14.71

QQQ up 3.38 at 584.08

MMM, SHW, TRV, HD led DJIA, 25 advancers, +16

WBD, PSKY, SNPS, CNC, EFX led SPX, 435 advancers,

WBD, SNPS, LRCX, MU led NDX, 76 advancers,

Up: IWM, DIA, SPY, QQQ,

Down:

The SPY MFC green line is flat at 92.1 short-term bullish. -0.12

All eleven sectors were higher on Thursday led by XLB, XLY and XLV. 

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

Neutral sectors: XLP, 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

76 of 100 NDX stocks closed higher on Thursday.

49 NDX stocks are above their 30 DMA: GOOGL, ORLY, PDD, BKR, ROST, APP, AZN, VRTX, IDXX, AAPL, MNST, MU, CPRT, INTC, ADI, CMCSA, PANW, QCOM, TSLA, TTWO, MDB, ADSK, AVGO, BIIB, ASML, AMZN, GEHC, LRCX, DDOG, KLAC, DASH, WBD, ZS, ARM, MRVL, TEAM, EA, PCAR, ADBE, AMAT, CDNS, COST, CRWD, GILD, LIN, MAR, VRTX, WDAY, XEL,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 11

ADBE, AMAT, CDNS, COST, CRWD, GILD, LIN, MAR, VRTX, WDAY, XEL,

Moving Below 30 DMA = 3

CDW, NFLX, PLTR,

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