©
2024
The SPX +0.79, 5,709, opened
lower, sold off 24 points in the first 15 minutes, rallied up for two hours,
traded in a range for the balance of the day. The SPX formed a hammer in a breakout
test and bull flag price pattern. The
SPX closed above 5,700 for the tenth day.
The NDX +0.15%, opened lower and followed the pattern
as the SPX. The NDX formed a white
candle inside day in a bull flag setup.
NVDA +1.85, +1.58%, opened slightly lower, mad a lower low
in the first 15 minutes, reversed and formed piercing line candle pattern in a
bull flag setup.
Jobs Report
Friday morning 8:30 am
ET BMO.
Mega caps NVDA, AAPL rose and BRK/B,
AMZN, META, GOOGL, MSFT, TSLA fell on Wednesday.
SPY up 0.24 at 568.86, 38.0 million
shares, below average volume
VIX down .36 at 18.90
QQQ up .68 at 481.95
CRM,
UNH, AXP, CVX, HD led the DJIA, 13 advancers, +2
CZR,
KLAC, IVZ, PLTR led the SPX, 220 advancers
ILMN, PDD, SMCI, GFS led the NDX, 58 advancers
Up: QQQ, DIA, SPY,
Down: IWM,
Four
of eleven sectors were higher on Wednesday, led by XLE, XLK and XLF
The SPY
MFC green line turned down at 89.4 and is counter-trend defensive. -1.8
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
58 of 100 NDX stocks closed higher on Wednesday.
59 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, LIN, PCAR, TSLA, AMD, ARM,
AVGO, CEG, CRWD, META, PCAR, WBD, ABNB, INTC, BKR, CMCSA, DDOG, AAPL, CPRT,
GOOGL, TMUS, TXN, AMAT, ORLY, PDD, LRCX, MU, SBUX, CSX, SNPS, AEP, ADP, ISRG, ADI,
CTSH, ILMN, ISRG, KLAC, MRVL, NVDA, QCOM,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 8
ADI, CTSH, ILMN, ISRG, KLAC, MRVL, NVDA, QCOM,
Moving Below 30 DMA = 4
HON, IDXX, LULU, MELI,
Add Comments here:
No comments:
Post a Comment