SPX, NDX Reverse Friday's Jobs Report Rally...Energy leads Sectors...SMCI Leads SPX, NDX on Monday...NVDA Gains...

© 2024

The SPX -55.13, 5,695, opened lower, traded lower and reversed Friday’s gain.  The SPX is a bull flag setup.  The SPX closed below 5,700 for the second time since Sept. 19.

The NDX -1.17%, opened lower, trended lower and reversed Friday’s gain.  The NDX is a bull flag setup.

NVDA +2.80, +2.24%, opened flat traded in a range, closed higher and is a B-pattern setup.   

Mega caps NVDA rose and MSFT, BRK/B, META, AAPL, GOOGL, AMZN, TSLA fell on Monday.

SPY down 5.18 at 567.80, 49.8 million shares, average volume

VIX up 3.43 at 22.64

QQQ down 5.22 at 482.10

BA, IBM, CAT, CVX led the DJIA, 4 advancers, -17

SMCI, APD, GNRC, ALB led the SPX, 107 advancers

SMCI, FANG, NVDA, PYPL led the NDX, 19 advancers

Up: 

Down:  IWM, SPY, DIA, QQQ,

One of eleven sectors was higher on Monday, led by XLE, XLI and XLB

The SPY MFC green line turned down at 84.4 and is counter-trend defensive. -3.4

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 sideways.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

19 of 100 NDX stocks closed higher on Monday.

51 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, EXC, PYPL, DASH, FTNT, GEHC, TTD, ADSK, NFLX, CSCO, BKNG, MAR, FAST, IDXX, PCAR, TSLA, AMD, ARM, AVGO, CEG, CRWD, META, PCAR, ABNB, INTC, BKR, CMCSA, DDOG, CPRT, GOOGL, TMUS, TXN, AMAT, ORLY, PDD, LRCX, MU, SBUX, SNPS, ADP, ISRG, ADI, ILMN, KLAC, MRVL, NVDA, FANG, LULU, TEAM, SMCI,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 1

SMCI,

Moving Below 30 DMA = 9

AAPL, AMZN, ASML, CDNS, CSX, CTSH, MNST, QCOM, XEL,

Add Comments here: