Tuesday, October 22, 2024

SPX Pauses, NDX Closes Slightly Higher...Consumer Staples, Energy, Real Estate Lead Sectors...


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The SPX -2.78, 5,851, opened lower, traded in a range and closed slightly lower.  The SPX closed above 5,800 for the seventh time. 

The NDX +0.11%, opened lower, traded in a range and closed slightly higher in a bull flag bounce continuation.

NVDA -0.12, -.08%, opened slightly lower, trended traded in a range, made an intraday high at 144.42 high.


Four of eleven sectors were higher on Tuesday, led by XLP, XLE and XLRE.

The SPY MFC green line turned up at 94.1 and is short-term bullish, +1.1, 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 TrendSideways


32 of 100 NDX stocks closed higher on Tuesday.

64 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, PYPL, DASH, FTNT, TTD, ADSK, CSCO, BKNG, MAR, FAST, ARM, AVGO, CEG, CRWD, META, PCAR, ABNB, INTC, DDOG, GOOGL, TMUS, ORLY, PDD, MU, ADP, ILMN, MRVL, NVDA, LULU, TEAM, SMCI, AAPL, ANSS, HON, PANW, ZS, AMZN, ODFL, QCOM, TTWO, MNST, VRTX, EXC, LIN, PEP, ROP, CSGP, EA, DXCM, FANG, MELI, ISRG, NFLX, SBUX, CHTR, CMCSA, MSFT, WDAY,


NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 4
CHTR, CMCSA, MSFT, WDAY,


Moving Below 30 DMA = 4
BKR, CPRT, CTSH, GFS,



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