NDX, SPX, RUT, DJI Closed Higher...Breadth Remained Positive...Volatility Fell...Earnings Season Begins Next Week...

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SPX +41.85 6,824 pulled back, reversed and closed higher.  Many have been suggesting the temporary ceasefire in the Middle East is fragile and that was a popular narrative on Thursday.  It is interesting how many people internationally can’t resist the opportunity to be silly.  Breadth weakened and remained positive as advancers led on both the NYSE and Nasdaq exchanges. 

NVDA +1.83, +1.01%, bounced in a channel on 116.4 million shares.

MU +14.78, +3.63%, closed higher.

SPX advancers: BF/B SNDK STZ AMZN CARR LRCX LULU INTC FOXA ETN.

SPX decliners: TPL AXON NOW CRWD PLTR INTU DDOG ADSK AKAM CF WDAY.

SPY below average volume of 57.1 million shares.

VIX -1.55, 19.49, 

NDX +0.72%, pulled back, rallied and closed higher for a sixth day.

DJI, 48,185, +0.58%, paused.

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

Up: QQQ, SPY, IWM, DIA,

Down:

The SPY MFC green line is up at 49.3, price-action is short-term bullish. +8.0. 

Eight of eleven sectors (79.2%) were higher on Thursday led by XLY, XLI and XLP. 

55 of 100 NDX stocks closed higher on Thursday.

56 NDX stocks are above their 30 DMA: ROST, NLFX, MRVL, ARM, EA, AMD, BKR, AMD, AEP, COST, EXC, INSM, LIN, AMD, AZN, CSX, FAST, ODFL, PANW, AMZN, INTC, KLAC, MAR, MPWR, STX, WDC, CSCO, ADI, BKNG, MCHP, TXN, AMAT, AVGO, BKR, CHTR, GOOGL, LRCX, MELI, AAPL, ALNY, ASML, FAST, FER, MDLZ, MU, NVDA, NXPI, ORLY, PCAR, PYPL, REGN, SBUX, XEL, HON, KHC, META, MNST,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 4

HON, KHC, META, MNST,

Moving Below 30 DMA = 8

ABNB, CDNS, CRWD, FANG, FTNT, GEHC, PDD, ROP,

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