© 2024
The SPX -52.30 opened lower after reports of AAPL’s iPhone sales falling
24% in China and after the open selling continued in the Technology sector XLK
-2.46% until a rally off the lows during the
last thirty minutes of trading.
NVDA +7.27, +0.85%, closed higher and made a new
all-time closing high.
TGT +18.09, +12.02% on a positive earnings reaction led the SPX.
After-hours: CRWD +70.69, +23.76%
on
a positive earnings reaction.
Fed Chair Jerome Powell is scheduled to deliver his
Semiannual Monetary Policy Report to the House on Wednesday and to the
Senate on Thursday, both scheduled at 10:00 am ET.
Mega caps NVDA rose and GOOGL, META, AMZN, AAPL, MSFT, TSLA fell on Tuesday.
SPY down 5.12 at 507.18 on 72.6 million shares, average volume, closed lower on higher
volume
VIX up .97 at 14.46
QQQ down 7.97 at 436.05
MMM, WMT, JPM, MCD led the DJIA, 9 advancers, -7
TGT, DVA, HPE, CFG, ZION led the SPX, 180 advancers
BKR, WBA, DLTR, PCAR led the NDX, 20 advancers
The two-year trend term is sideways. The
one-year trend is up.
Up:
Down: IWM, SPY, DIA, QQQ,
Three of eleven sectors were up on Tuesday, led by XLE, XLP and
XLF
The SPY
MFC green line turned down at 91.3 and is counter-trend
defensive.
Uptrend sectors: XLI,
XLF, XLY, XLB, XLV, XLP, XLK, XLC, XLRE,
Neutral sectors: XLE, 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: Down a little
20 of 100 NDX stocks
closed higher on Tuesday.
54 NDX stocks are above their 30
DMA: CTAS,
ROST, COST, ISRG, REGN, AVGO, META, SPLK, NVDA,
AMZN, DASH, LRCX, NFLX, CDNS, ORLY, AMAT, ASML, CDW, FAST, KLAC, PCAR, ABNB,
SNPS, CEG, CSX, DLTR, ODFL, IDXX, NXPI, GEHC, ON, QCOM, TTD, FANG, AEP, CTSH,
MAR, CCEP, EXC, TMUS, AMD, CPRT, FTNT, MU, CSGP, MNST, BKR, MRVL,
TXN, AZN, DXCM, MCHP, MRNA,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 10
ADI, ADSK, ANSS, CRWD, DDOG, HON, INTC,
INTU, MSFT, PAYX,
Add Comments here:
No comments:
Post a Comment