© 2024
The SPX -7.04, 4,756.50 opened lower after Samsung (SSNLF)
surprised markets overnight with an expected 35% drop in Q4 profits due to
semiconductor pricing. The SPX trended
higher after its lower open, regaining much of the pullback and closed slightly
lower. The SPX did stay above Monday's S-1 level.
CPI report Thursday, Jan 11. PPI report Friday,
Jan 12.
Earnings Season unofficially starts Friday, January 12 with JPM,
BAC, C, WFC, BK, BLK, DAL, UNH reporting BMO.
Mega caps NVDA, AMZN, GOOGL, MSFT
rose and AAPL, META, TSLA fell on Tuesday.
SPY down .72 at 473.88 on 65.8 million
shares, below average volume, closed lower on lower volume.
VIX down .32 at 12.76
QQQ up .80 at 405.75
MRK, WMT, PG, UNH led the DJIA, 10 advancers, -13
JNPR, CTLT, MTCH, RMD led the SPX, 144 advancers
CRWD, DASH, ILMN, PANW led the NDX, 46 advancers.
The two-year trend term is sideways. The
one-year trend is up.
Up: QQQ,
Down: SPY, DIA, IWM,
Two of eleven sectors were higher on Tuesday, led by XLP, XLK and XLV.
The SPY
MFC green line turned up at 73.2 and is short-term bullish.
Uptrend sectors: XLC,
XLK, XLF, XLY, XLI, XLRE, XLB, XLV, XLP, XLU,
Neutral sectors: XLE,
Down trend sectors:
The 6-month intermediate
trend is up. The ten-day trend is up a little.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Up
46 of 100 NDX stocks
closed higher on Tuesday.
63 NDX stocks are above their 30
DMA: DLTR, INTC, AEP, CRWD, CTAS, ROST, TMUS, DXCM, AMD, QCOM, KHC,
COST, PCAR, PDD, ZS, BKNG, MAR, IDXX, ISRG, CSX, TXN, XEL, MRNA, TEAM, REGN, AMGN,
GILD, ILMN, BIIB, WBA, AVGO, MRVL, MU, ANSS, FTNT, GEHC, SIRI, AZN, META, VRTX,
CSCO, CCEP, SPLK, GOOG, MNST, ADP, MDLZ, ADSK,
CMCSA, NVDA, PYPL, ABNB, AMZN, CTSH, DASH, DDOG, GFS, GOOGL, INTU, LRCX, MSFT, NFLX,
WDAY, EA, PANW, TTWO,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 3
EA, PANW, TTWO,
Moving Below 30 DMA = 7
ASML, FANG, HON, KLAC, LULU, PEP,
WBD,
Add Comments here:
No comments:
Post a Comment