©
2024
The SPX -44.39, 5,815, opened
slightly higher, reversed, trended down and closed lower in a counter-trend
pullback. The SPX closed above
5,800 for the third time.
The NDX -1.37%, opened flat, trended down and closed lower. The NDX was a breakout test today.
NVDA -4.47, -4.69%, opened flat, trended down and closed in a counter-trend
pullback.
First
day reaction:
Q3, Monday = 8
Positive: WBA, SCHW, PNC, JNJ, FAST, WFC, JPM, BLK, = 4
Neutral: STT, BAC, PGR, UNH = 4
Negative: BK, DAL, DPZ = 3
Mega caps AAPL, BRK/B, GOOGL, TSLA, AMZN rose and MSFT, META, NVDA fell on
Tuesday.
SPY down 4.54 at 579.78, 54.2 million
shares, above average volume
VIX up .94 at 20.64
QQQ down 6.65 at 490.85
BA,
WMT, MRK, JNJ led the DJIA, 15 advancers, -6
WBA,
CCL, SCHW, NCLH led the SPX, 244 advancers
MRVL, ROST, MNST, MDLZ led the NDX, 40 advancers
Up: IWM,
Down: SPY, DIA, QQQ,
Six
of eleven sectors were higher on Tuesday, led by XLRE, XLP and XLU.
The SPY
MFC green line turned down at 95.7 and is counter-trend defensive. -1.5
Uptrend sectors: XLC, XLI,
XLU, XLF, XLB, XLY, XLK, XLP, XLRE, XLV,
Neutral sectors: XLE,
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 a little
40 of 100 NDX stocks closed higher on Tuesday.
68 NDX stocks are above their 30
DMA: CTAS, GILD, PAYX, PYPL, DASH, FTNT, GEHC, TTD, ADSK, NFLX, CSCO,
BKNG, MAR, FAST, ARM, AVGO, CEG, CRWD, META, PCAR, ABNB, INTC, BKR, CMCSA,
DDOG, CPRT, GOOGL, TMUS, ORLY, PDD, MU, SNPS, ADP, ILMN, MRVL, NVDA, LULU,
TEAM, SMCI, AAPL, ANSS, CDNS, HON, PANW, SNPS, ZS, AMZN, CSX, ODFL,
QCOM, TTWO, MDB, MNST, VRTX, EXC, GFS, LIN, PEP, ROP, CHTR, CSGP, CTSH, EA, VRSK,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 1
COST,
Moving Below 30 DMA = 15
ADI,
AMAT, AMD, ASML, CDW, DXCM, FANG, ISRG, KLAC, LRCX, MCHP, MELI, NXPI, ON, TXN,
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