Friday, November 1, 2024

SPX, NDX Close Higher...Consumer Discretionary, Technology, Health Care Lead Sectors...After-hours: NVDA to be added to DJIA...


© 2024


The SPX +23.35, 5,728, opened higher, rallied, reversed and closed higher and below the high of the day.  Breadth was mixed with strength in consumer discretionary, technology and communication services along with a decrease in VIX.

The NDX +0.72% opened higher and closed higher. The NDX remains below its July 10 all-time high.


After-hours: NVDA +3.94, +2.91% gained after it was announced that NVDA will be added to the DJIA and INTC will be removed.


102 SPX Companies report EPS next week.

SPX companies reporting on Monday. 9 BMO: BEN, CEG, FIS, FOXA, L, MAR, PEG, RVTY, ZTS. 11 AMC:  AIG, AVB, CE, ES, FANG, HOLX, NXPI, O, PLTR, VRTX, WYNN,

First day reaction: Q3, Friday, (excludes Oct 22 and 23)

Positive: WAT, CHTR, INTC, CAH, AMZN, CHD, CVX, TROW, PAYC, ETR, IP, AME, GEN, MO, COP, NCLH, XEL, BMY, BKNG, CMCSA, GDDY, WTW, SO, AWK, PH, AMGN, CLX, GRMN, SW, FMC, TECH, DAY, IEX, VMC, ABBV, ZBH, VRSK, GPN, MLM, EQT, HUM, ITW, V, GOOGL, EA, GEHC, NI, ADP, SYK, CDNS, INCY, FFIV, LDOS, ZBRA, WM, WELL, GLW, RCL, BRO, CNP, ON, DECK, DLR, RMD COF, AON, WDC, CNC, LHX CINF, TSLA, MOH, WST, CBRE, POOL, RJF, TMUS, NOW, UPS, LRCX, TYL, LH, ALGN, LVS, FTI, NOC, NFLX, ISRG, SNA, TRV, BX, MTB, STLD, DFS, PPG, UAL, SYF, USB, PLD, JBHT, ABT, OMC, WBA, SCHW, PNC, JNJ, FAST, WFC, JPM, BLK, = 110

Neutral:  JNPR, LYB, SPG, D, GWW, CI, SBUX, CTSH, GNRC, BWA, EQIX, K, WEC, MAA, CMS, MDLZ, OKE, EXC, EIX, HES, EXR, TEL, REG. MAS, MCD, ORLY, DTE, LKQ, DOW, PG, RF, MMC, KMI, STT, BAC, PGR, UNH = 37

NegativeAES, AMCR, ERIE, CTRA, EMN, LNT, PPL, IR, CPT, CBOE, XOM, AAPL, VICI,  HII, EL, APTV, TFX, SMCI, MGM, IDXX, UBER, REGN, EBAY, BALL, XYL, EG, ICE, ACGL, MSFT CHRW, MET, INVH, DINO, EQR, AFL, IQV, META, KLAC, LIN, PRU, ETN, PWR, UDR, FRT, MA, MRK, PSA, ALL, VTR, KIM, QRVO, CDW, DVA, AMD, CZR, CMG, LLY, BXP, TT, FTV, KHC, OTIS, RSG, BG, CAT, FE, ESS, BIIB, CB, FSLR, SWK, F, DHI, PSX, AMT, PYPL, SBAC, MSCI, HUBB, PFE, SYY, ECL, MHK, UHS, HCA, HIG, PFG, CL, DOC, VRSN, DXCM, AJG, EW, WY, NEM, TER, CARR, ROL, TXT, IBM, TSCO, HAS, LUV, HON, KDP, VLTO, UNP, ALLE, DOV, AMP, GL, VLO, URI, SLB, AXP, FITB, ELV, CSX, TFC, CCI, EFX, HBAN, KEY, CFG, BK, DAL, DPZ = 127


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


SPY up 2.40 at 571.04, 45.6 million shares, average volume,
VIX down 1.28 at 21.88
QQQ up 3.58 at 487.43


INTC, AMZN, BA, CVX led the DJIA, 19 advancers, +6         
WAT, CAH, AMZN, DAY, DELL led the SPX, 246 advancers
TEAM, CHTR, LULU, INTC led the NDX, 65 advancers

Up:  QQQ, DIA, IWM, SPY,
Down: 

The SPY MFC green line is pointed down at 56.6 and is defensive, -9.1.

Seven of eleven sectors were higher on Friday, led by XLY, XLK and XLV. 

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 down.

3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendDown


65 of 100 NDX stocks closed higher on Friday.

48 NDX stocks are above their 30 DMA:  GILD, PAYX, DASH, TTD, ADSK, CSCO, BKNG, MAR, FAST, ABNB, DDOG, TMUS, ADP, ILMN, MRVL, NVDA, LULU, TEAM, PANW, TTWO, MNST, EA, DXCM, ISRG, NFLX, SBUX, CMCSA, BKR, TSLA, GOOGL, ODFL, CDNS, SNPS, CHTR, VRSK, VRTX, WBD, XEL, AMZN, ANSS, CRWD, INTC, INTU, MELI, NXPI, ON, TXN, ZS,

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 10
AMZN, ANSS, CRWD, INTC, INTU, MELI, NXPI, ON, TXN, ZS,


Moving Below 30 DMA = 1
PCAR,



Add Comments here:

No comments: