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The SPX +16.91, 5241.43, another
new all-time closing high, as the post-FOMC
announcement rally continued.
MU +13.60, +14.13%, led
the SPX and NDX after a positive earnings reaction.
NVDA +10.63, +1.18%, 914.35, opened higher, traded in a range formed
a black spinning top and closed higher. TD
Cowen raised its price target to $1,100 from $900.
After-hours: FDX +34.22, +12.92% on a positive
EPS reaction. LULU -53.83, -11.24% on a
negative EPS reaction.
Mega caps NVDA, MSFT, META rose,
AMZN was unchanged and GOOGL, TSLA, AAPL fell on Thursday.
SPY up 1.72 at 522.20, on 68.5 million
shares, average volume, closed higher on higher volume
VIX down .12 at 12.92
QQQ up 2.10 at 445.87
GS, HD, CAT, AMGN led the DJIA, 18 advancers, -10
MU, SMCI, WDC, BIO, DECK led the SPX, 374 advancers
MU, AVGO, LRCX, ILMN led the NDX, 73 advancers
Up: IWM, DIA, QQQ, SPY,
Down:
Ten of eleven sectors were up on Thursday, led by XLI, XLF and
XLE.
The SPY
MFC green line is pointed up at 88.3 and is short-term bullish.
Uptrend sectors: XLF, XLI,
XLE, XLB, XLP, XLC, XLK, XLY, XLV,
Neutral sectors: XLRE, XLU,
Down trend sectors:
The 6-month intermediate
trend is up. The ten-day trend is Up.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Up
73 of 100 NDX stocks
closed higher on Thursday.
67 NDX stocks are above their 30
DMA: CTAS,
META, SPLK, NVDA, AMZN, DASH, NFLX, ORLY,
AMAT, CDW, FAST, KLAC, PCAR, ABNB, CEG, GEHC, QCOM, FANG, AEP, CCEP, EXC,
CPRT, MU, CSGP, MNST, BKR, TXN, AZN, DXCM, MCHP, MRNA, GILD, CMCSA,
PYPL, LULU, MSFT, GOOGL, ISRG, ANSS, CHTR, CRWD, LRCX, MAR, PEP, ASML, CDNS,
HON, KHC, REGN, ROP, ROST, SNPS, TTD, ADI, ADP, ADSK, COST, CSCO, CSX, NXPI,
ODFL, PAYX, AVGO, BKNG, ILMN, TTWO,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 4
AVGO, BKNG, ILMN, TTWO,
Moving Below 30 DMA = 1
PDD,
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