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2024
The SPX -53.73, 5,708, opened lower and within seconds sold off
sharply as news that Iran was preparing to launch a ballistic missile attack
against Israel hit the wire. The
SPX closed above 5,700 for the ninth day.
The NDX -1.43%, opened lower and continued to pull back on
the middle east news to form a red candle in a bull flag setup.
NVDA 4.44, -3.66%, opened slightly higher, reversed after the open and formed red
candle for day three of a bull flag setup.
Mega caps META, GOOGL rose and BRK/B,
AMZN, TSLA, MSFT, AAPL, NVDA fell on Tuesday.
SPY down 5.14 at 568.62, 72.4 million
shares, above average volume
VIX up 2.53 at 19.26
QQQ down 6.80 at 481.27
CVX,
BA, MRK, V led
the DJIA, 11 advancers, -5
FTI,
APA, COP, MRO, WYNN led the SPX, 163 advancers
PDD, PAYX, FANG, CEG led the NDX, 23 advancers
Up:
Down: DIA, SPY, IWM, QQQ,
Four
of eleven sectors were higher on Tuesday, led by XLE, XLU and XLC
The SPY
MFC green line turned down at 91.2 and is counter-trend defensive. -2.7
Uptrend sectors: XLB, XLY,
XLC, XLI, XLU, XLP, XLRE, XLK, XLV, XLF,
Neutral sectors:
Down trend sectors: XLE,
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
23 of 100 NDX stocks closed higher on Tuesday.
55 NDX stocks are above their 30
DMA: CTAS, GILD, PAYX, EXC, XEL, KDP, PYPL, DASH, FTNT, GEHC, TTD,
ADSK, NFLX, CSCO, BKNG, MAR, MNST, AMZN, FAST, IDXX, LIN, PCAR, TSLA, AMD, ARM,
AVGO, CEG, CRWD, META, PCAR, WBD, ABNB, INTC, BKR, CMCSA, DDOG, AAPL, CPRT,
GOOGL, HON, TMUS, TXN, AMAT, ORLY, PDD, LRCX, MU, SBUX, CSX, LULU, SNPS, AEP, ADP,
ISRG, MELI,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 1
MELI,
Moving Below 30 DMA = 18
ADI,
ANSS, CDNS, CDW, CTSH, ILMN, KLAC, MCHP, MDLZ, MRVL, MSFT, NVDA, NXPI, ODFL, ON,
QCOM, ROP, TXN,
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