DJI 52,900 a new All-time Closing High...SPX Flat...RUT, NDX Closed Down...Technology Sector Leads Selloff...Markets Closed Friday Observance of July 4th Independence Day...

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Markets are closed Friday, July 3 for observance of the 250th anniversary of Independence Day of the United States, on Saturday July 4th. Have a Magnificient three-day weekend.

SPX +0.01, 7,483, opened higher, traded in a range and closed one cent higher, continued above its 30 DMA.  Both the NDX and SPX are in a 4-week consolidation sideways channel.  Breadth was mixed as advancers led on the NYSE and decliners led slightly on the NASDAQ exchange.

SpaceX, SPCX, closed at 162.00, +2.83%.  Our view is that SPCX, with no earnings continues to be an overvalued speculation, even with inclusion in the NDX on July 7.

SPX advancers: GPC MRNA EFX VRTX SPGI ISRG LDOS NOC TYL AJG FICO.

SPX decliners: SNDK TER KLAC FLEX GLW STX LRCX WDC MRVL COHR LITE.

SPY -0.13% on average volume of 57.5 million shares.

VIX -0.44, 16.15,

NDX -1.54% opened lower and closed lower, below its 30 DMA.

DJI, 52,900, +0.57%, new all-time closing high.

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

Up: DIA,

Down: SPY, IWM, QQQ,

The SPY MFC green line is up at 49.9, price-action remained above ST support and is short-term bullish. +5.3

Eight of eleven sectors were higher on Thursday led by XLV, XLU and XLP. 

55 of 100 NDX stocks closed higher on Thursday.

50 NDX stocks are above their 30 DMA: AMD, AMAT, MNST, PANW, CRWD, FTNT, KDP, ASML, KLAC, EA, FAST, PCAR, CCEP, EXC, LIN, BKNG, VRTX, ABNB, DASH, TTWO, AEP, AMGN, ALAB, AXON, GEHC, ROP, XEL, AZN, SBUX, CSX, KHC, ADP, DDOG, MELI, ORLY, PAYX, PYPL, REGN, ALNY, APP, CTAS, MDB, TRI, AAPL, GILD, HON, IDXX, ISRG, PEP, WDAY,

NDX Stocks to Watch on Monday

Moving Above 30 DMA = 7

AAPL, GILD, HON, IDXX, ISRG, PEP, WDAY,

Moving Below 30 DMA = 9

INTC, LRCX, META, MRVL, MU, SNDK, TER, TSLA, WDC,

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