©
2024
The SPX +23.20, 5,864, opened
higher, traded in a range and closed at a new all-time closing high. The SPX closed above 5,800 for
the fifth time. The DJI made a new
all-time closing high.
The NDX +0.66%, opened higher, closed higher in a bull
flag bounce.
NVDA +1.07, +0.78%, opened higher, trade in a range and closed higher in a bull
flag bounce continuation.
Positive
earnings reactions: NFLX +76.24, +11.09%
and ISRG +47.42, +10.01%.
First
day reaction:
Q3, Friday
Positive: NFLX, ISRG, SNA, TRV, BX, MTB, STLD, DFS, PPG, UAL, SYF,
USB, PLD, JBHT, ABT,
OMC, WBA, SCHW,
PNC, JNJ, FAST, WFC, JPM,
BLK, = 24
Neutral: PG, RF, MMC, KMI, STT, BAC, PGR, UNH = 8
Negative: SLB, AXP, FITB, ELV, CSX, TFC, CCI, EFX, HBAN, KEY,
CFG, BK, DAL, DPZ = 14
Mega caps AAPL, NVDA, AMZN, MSFT, GOOGL rose and META, TSLA, BRK/B fell on
Friday.
SPY up 2.24 at 584.59, 37.4 million
shares, below average volume,
VIX down 1.08 at 18.03
QQQ up 3.22 at 494.47
INTC, AAPL, HON, AMZN led the DJIA, 20 advancers, +3
NFLX,
LW, ISRG, POSS, CSX, VST led the SPX, 321 advancers
NFLX, ISRG, DXCM, ASML led the NDX, 71 advancers
Up: QQQ, SPY, DIA,
Down: IWM,
Ten
of eleven sectors were higher on Friday, led by XLC, XLRE and XLU.
The SPY
MFC green line is pointed down at 93.6 and is short-term bullish, -0.3, because price is above the low of the
high day, Oct. 14.
Uptrend sectors: XLF, XLC, XLI,
XLK, XLU, XLB, XLY, XLRE, XLP, 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
71 of 100 NDX stocks closed higher on Friday.
70 NDX stocks are above their 30
DMA: CTAS, GILD, PAYX, PYPL, DASH, FTNT, GEHC, TTD, ADSK, 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, HON, PANW, ZS, AMZN, ODFL, QCOM, TTWO, MNST, VRTX, EXC, GFS,
LIN, PEP, ROP, CSGP, CTSH, EA, ADI, DXCM, FANG, MELI, ROST, SNPS, ISRG,
NFLX, SBUX, XEL,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 4
ISRG, NFLX, SBUX, XEL,
Moving Below 30 DMA = 0
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