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2025
SPX +38.98, 6,643, moved
above the high of the low day in a bull flag bounce after an in-line PCE Report Friday morning before the open. Breadth strengthened significantly on Friday.
A
bull flag bounce in an uptrend. Dave
NDX +0.44%, also a bull flag bounce in an uptrend.
DJI, 46,247, +0.65%, a bull flag bounce led by strength in GS,
BA and MSFT.
NVDA +0.50, +0.28%, pulled
back for a second day.
AVGO -1.57,
-0.47%, formed a third hammer in a bull flag price pattern.
ORCL -7.87,
-2.70%, moved lower for a fourth day and penetrated short term
support.
Mega caps TSLA, BRK/B, MSFT, AMZN, GOOGL, NVDA rose and AVGO, AAPL, META, TSM fell on Friday.
SPY up +3.77 at 661.82, 69.1 million shares, average volume,
VIX down -1.45 at 15.29
QQQ up +2.44 at 595.97
BA, TRV, MRK, JNJ led DJIA, 24 advancers, +14
EA,
PCAR, CDW, APP, LW led SPX, 428 advancers,
EA, GFS, PCAR, CDW led NDX, 76 advancers.
Up: IWM, DIA, SPY, QQQ
Down:
The SPY
MFC green line is pointed down at 85.1 and due to a bull flag bounce, price action is short-term bullish. -2.5
All eleven sectors were
higher on Friday led by XLU, XLY and XLB.
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: Down a little
76 of 100 NDX stocks closed higher on Friday.
50 NDX stocks are above their 30
DMA: GOOGL, PDD, BKR, APP, AAPL,
MNST, MU, INTC, ADI, PANW, QCOM, TSLA, TTWO, MDB, ADSK, AVGO, ASML, LRCX, DDOG,
KLAC, DASH, WBD, ZS, MRVL, CRWD, CEG, PLTR, AMAT, FTNT, MDLZ, MELI, WDAY, MRVL,
INTU, NVDA, CSX, FANG, XEL, ROST, CHTR, ORLY, ADBE, CCEP, EA, EXC, FAST, GFS,
MSFT, ON, PCAR,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 9
ADBE, CCEP, EA, EXC, FAST, GFS, MSFT, ON, PCAR,
Moving Below 30 DMA = 2
BKNG, CSCO,
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