Monday, November 4, 2024

SPX, NDX Close Slightly Lower...Energy, Real Estate, Basic Matierials Lead Sectors...After-hours: PLTR up, NXPI, CE down...


© 2024


The SPX -16.11, 5,712, opened lower, trading range and closed lower.  Breadth weakened in technology, communication services and consumer discretionary, along with a slight increase in VIX.

The NDX -0.35% trading range, lower close.


After-hours: PLTR +5.67, +13.69% after EPS and revenue beat and raised guidance, NXPI -13.77, -5.81%. EPS beat, revenue in-line and lower guidance,    
CE -19.50, -15.79%. EPS and revenue miss and lower dividend.


102 SPX Companies report EPS this week.

SPX companies reporting on Tuesday. 12 BMO: ADM, BLDR, BR, CMI, DD, EMR, EXPD, HSIC, IT, MPC, TRGP, YUM. 6 AMC:  AIZ, DVN, IFF, JKHY, MCHP, SMCI.

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

Positive: RVTY, FOXA, 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, = 112

Neutral:  FIS, 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 = 38

NegativeCEG, PEG, ZTS, L, BEN, MAR, AES, 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 = 133


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


SPY down 1.23 at 569.81, 38.1 million shares, below average volume,
VIX up .10 at 21.98
QQQ down 1.42 at 486.01

CRM, HD, CSCO, CVX led the DJIA, 8 advancers, -11          
BBWI, MOS, ENPH, SHW led the SPX, 273 advancers
MNST, CDNS, CHTR, ILMN led the NDX, 48 advancers

Up:  IWM,
Down:  SPY, QQQ, DIA,

The SPY MFC green line is pointed down at 45.0 and is bearish, -11.6.

Four of eleven sectors were higher on Monday, led by XLE, XLRE and XLB. 

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


48 of 100 NDX stocks closed higher on Monday.

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

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
PCAR,


Moving Below 30 DMA = 5
DXCM, INTC, MAR, NXPI, ON,



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