NDX All-time Closing High as SPX, $DJI, RUT Pause...Communication Services, Consumer Discretionary, Utilities Led Sectors...

 

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SPX -3.18, 6,584, slightly higher open, traded in a range, formed red spinning top.  Closed higher for a second straight week. Breadth weakened on Friday.

NDX +0.42%, breakout continuation, white spinning top at an all-time closing high.

DJI, 45,834, -0.59%, paused on Friday, closed at Thursday’s S-1 level, led by weakness in SHW, AMGN and GS.

NVDA +0.65, +0.037%, traded in a range, closed above its 30 DMA.

AVGO +0.24, +0.07%, traded in a range on day two of a breakout test.   

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

SPY down .22 at 657.41, 72.2 million shares, above average volume,

VIX up +.05 at 14.76

QQQ up 2.58 at 586.66

MSFT, AAPL, WMT, JPM led DJIA, 6 advancers, -19

WBD, PSKY, TSLA, MU, NRG led SPX, 116 advancers,

WBD, TSLA, MU, PLTR led NDX, 32 advancers,

Up: QQQ,

Down: SPY, DIA, IWM,

The SPY MFC green line is up at 94.2 and is short-term bullish. +2.1

Three of eleven sectors were higher on Friday led by XLC, XLY and XLU. 

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

32 of 100 NDX stocks closed higher on Friday.

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

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 3

CEG, NVDA, PLTR,

Moving Below 30 DMA = 8

ADBE, AMAT, CDNS, CMCSA, GILD, IDXX, VRTX, WDAY,

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