NDX, RUT Closed Higher, SPX Hits All-time Intraday High before a BO Test...Real Estate, Basic Materials, Communication Services Led Sectors...AVGO Led SPX, NDX on Positive EPS Reaction...

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SPX -20.58, 6,481, futures rallied 30 points after the Jobs Report came in at 22K vs 77K new jobs consensus.  After the open SPX made a new all-time intraday high during the first 20 minutes of the day, before falling more than 80 points in 90 minutes.  From Friday’s low point the SPX rallied 40 points for the balance of the trading day to close near Thursday’s S-1 level on a breakout test.

Breadth weakened on Friday but remained positive.

NDX +0.08%, gapped higher, pulled back, filled the gap and closed slightly higher.

DJI, 45,400, -0.48%, opened flat, rallied to an intraday high, reversed before closing near Thursday’s S-1 level, led by weakness in MSFT, GS and JPM.

NVDA -4.64, -2.70%, gapped lower, traded in a range, formed a red spinning top just below short-term support.

AVGO +28.79, +9.41%, gapped up breakout on a positive EPS reaction 63% growth in AI sales, raised guidance.  Formed a black candle at a new all-time high.  

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

SPY down 1.88 at 647.24, 85.1 million shares, above average volume,

VIX down .12 at 15.18

QQQ up .83 at 576.06

CRM, SHW, HD UNH led DJIA, 10 advancers, -14

AVGO, ENPH, MU, POOL, SWK the SPX, 273 advancers,
AVGO, MU, ASML, KLAC, TSLA led NDX, 54 advancers,

Up: IWM, QQQ,  

Down: SPY, DIA,

The SPY MFC green line turned down at 83.9 short-term bullish. -2.6

Six of eleven sectors were higher on Friday led by XLRE, XLB and XLC.

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

54 of 100 NDX stocks closed higher on Friday.

43 NDX stocks are above their 30 DMA: GOOGL, PEP, ORLY, PDD, BKR, ROST, TMUS, APP, AZN, EA, VRTX, IDXX, AAPL, MNST, MU, CPRT, INTC, NXPI, ADI, CMCSA, PANW, QCOM, TSLA, TTWO, NFLX, MDB, ADSK, WDAY, AVGO, BIIB, ASML, AMZN, DXCM, GEHC, LRCX, MELI, CDW, COST, CTSH, DDOG, KLAC, PCAR, REGN,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 7

CDW, COST, CTSH, DDOG, KLAC, PCAR, REGN,

Moving Below 30 DMA = 4

BKNG, FAST, LULU, MAR,

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