tag:blogger.com,1999:blog-42090353189404325092024-03-18T20:59:15.842-07:00Dave Johnson's Chart Signals................................................Technical Analysis Focused on Price Action Setups, Trade What You See, Follow Your Rules, Plan the Trade, Trade the Plan, Don't Force the Trade Concepts...Price Action Plus Momentum...©Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.comBlogger5909125tag:blogger.com,1999:blog-4209035318940432509.post-82420814054165368342024-03-18T20:58:00.000-07:002024-03-18T20:58:20.340-07:00SPX Closes Higher in Bull Flag Bounce...Communication Services, Consumer Discretionary Lead Sectors...FOMC Meeting Starts on Tuesday...<div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">© 2024</span></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: #006600;">+32.33 </span></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">opened higher, traded in a 30-point range, formed a spinning
top and closed higher forming a bull flag bounce. The FOMC will meet starting Tuesday and will
announce on Wednesday at 2 pm ET, its interest rate decision. Expectation is the Fed will hold rates at its
current 5 ¼ - 5 ½% range.</span></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">NVDA <span style="color: #006600;">6.18, +0.70%</span></span></b><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt;">, </span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">884.55</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, opened higher, traded in a range
and closed near the high of the low day.
<b>AMAT, MU</b> and <b>SMH</b> closed slightly higher.</span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Mega caps</span><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt;"> TSLA, GOOGL, META, NVDA,
AAPL, MSFT, AMZN </span><span style="font-family: Arial, sans-serif; font-size: 12pt;">rose on Monday.</span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">SPY</span></b><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;"> </span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">up 3.03 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">at <b><span style="color: #0000cc;">512.86</span></b>, on 88.5 million
shares, above average volume, closed higher on higher volume </span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><b>VIX </b></span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: red;">down .08</span><span style="color: #006600;"> </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">at</span><span style="font-family: Arial, sans-serif; font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">14.33</span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">QQQ</span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> up 3.56 </span></b><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">437.48</span></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">CRM, DIS, CAT, JPM </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the <b>DJIA, 17 </b>advancers, +10</span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">TSLA, MTCH, ANET, CMI, PEP </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the <b>SPX, 3.01 </b>advancers </span></div><div style="text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">TSLA, GOOGL, ADBE, PDD </b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 72 </b><span style="font-family: Arial, sans-serif; font-size: 12pt;">advancers</span></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">: QQQ, SPY, DIA,</span></b></div><div style="text-align: left;"><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;">Down</span><span style="font-family: Arial, sans-serif; font-size: 12pt;">: <b>IWM,</b></span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">XLB, XLC, XLE, XLF, XLI, XLK, XLP, XLRE, XLU, XLV,
XLY </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">went ex-div today Monday,
March 18, 2024.</span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">Nine </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">of<b> eleven </b>sectors were up on Monday, led by <b>XLC, XLY </b>and
<b>XLP</b></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The<b> SPY
MFC </b>green line </span><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">turned up</span><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">at </span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">87.4 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">and is </span><u><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">short-term bullish</span></u><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="text-align: left;"><u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">: <b>XLF, XLI,
XLE, XLB, XLP, XLC, XLK, XLY, XLV,</b></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLRE, XLU,</b></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Down trend sectors: </span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Sideways</span></u></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">3-month </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">3-day </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Down a little</span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">72 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">on <b>Monday.</b></span></div><div style="text-align: left;"><b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">48 NDX</span></b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">CTAS,
META, <span style="color: #006600;">SPLK</span>, NVDA, AMZN, DASH, NFLX, ORLY,
AMAT, CDW, FAST, KLAC, PCAR, ABNB, CEG, GEHC, QCOM, FANG, AEP, CCEP,<b> </b>EXC,
AMD, CPRT, MU, CSGP, MNST,<b> </b>BKR, TXN, AZN, DXCM, MCHP, MRNA, GILD,<b> </b>CMCSA,
PYPL, LULU, MSFT, GOOGL, ISRG, <b>ANSS, CHTR, CRWD, CSCO, LRCX,</b> <b>MAR, PDD,
PEP,</b></span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">NDX </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">on <b>Tuesday:</b></span></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 8</span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">ANSS, CHTR, CRWD, CSCO, LRCX,</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> <b>MAR, PDD, PEP,</b></span></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 4 </b></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">ADI, HON, REGN, ROP,</span></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Add Comments here:</span></b></div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-78010936678174555352024-03-15T21:12:00.000-07:002024-03-18T14:12:10.185-07:00SPX Closes Lower Day 3...Energy, Utilities, Materials Lead Sectors...JBL, ADBE, ULTA Close Lower on Negative Earnings Reactions...<div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">© 2024</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: red;">-33.39 </span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">opened lower, traded in a 32-point range, formed a spinning
top and closed lower forming a bull flag price pattern on above average volume. The FOMC will meet starting Tuesday and will
announce on Wednesday at 2 pm ET, its interest rate decision. Expectation is the Fed will hold rates at its
current 5 ¼ - 5 ½% range.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">NVDA <span style="color: red;">-1.07, -0.12%</span></span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">,</span><span face="Arial, sans-serif" style="font-size: 12pt;"> <b><span style="color: #0000cc;">878.36</span></b>, pulled back modestly in a bull flag
setup. <b>AMD</b> and <b>MU</b> closed
slightly higher while most semi’s closed lower.
<b>MU</b> reports earnings on Wednesday, March 20 <b>AMC</b>.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">JBL <span style="color: red;">-24.31, -16.49%, </span>ADBE <span style="color: red;">-77.99, -13.67%, </span>ULTA <span style="color: red;">-29.46,
-5.21%, </span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">closed lower on negative earnings
reactions.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Mega caps</span><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt;"> TSLA </span><span face="Arial, sans-serif" style="font-size: 12pt;">rose and</span><span face="Arial, sans-serif" style="color: red; font-size: 12pt;"> NVDA, AAPL, GOOGL, META, MSFT, AMZN </span><span face="Arial, sans-serif" style="font-size: 12pt;">fell on Friday.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">SPY</span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt;"> <b>down 3.52</b></span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">at <b><span style="color: #0000cc;">509.83</span></b>, ex-div 1.595
today, on 107.6 million shares, above average volume, closed lower on similar volume </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">VIX </b><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #006600;">up .01 </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">at</span><span face="Arial, sans-serif" style="font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">14.41</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">QQQ</span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> </span></b><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">down 5.22 </span></b><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">433.92</span></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">MMM, CAT, JPM, MRK </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>DJIA, 7 </b>advancers, -0</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">CSGP, STLD, CMI, NUE </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>SPX, 229 </b>advancers </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">CSGP, ISRG, PCAR, AMD, MU </b><span face="Arial, sans-serif" style="font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 29 </b><span face="Arial, sans-serif" style="font-size: 12pt;">advancers</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt;">: IWM,</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">Down</span><span face="Arial, sans-serif" style="font-size: 12pt;">: <b>DIA, SPY, QQQ,</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">Four </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">of<b> eleven </b>sectors were up on Friday, led by <b>XLE, XLU </b>and
<b>XLB</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The<b> SPY
MFC </b>green line is </span><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;">pointed down </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">at </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">87.2 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">and is </span><u><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">counter-trend defensive</span></u><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">: <b>XLF, XLI,
XLE, XLB, XLP, XLC, XLK, XLY, XLV,</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLRE, XLU,</b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Down trend sectors: </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Down a little</span></u></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-month </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-day </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Down</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">29 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Friday.</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;">44 NDX</span></b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"> </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">CTAS,
META, <span style="color: #006600;">SPLK</span>, NVDA, AMZN, DASH, NFLX, ORLY,
AMAT, CDW, FAST, KLAC, PCAR, ABNB, CEG, GEHC, QCOM, FANG, AEP, CCEP,<b> </b>EXC,
AMD, CPRT, MU, CSGP, MNST,<b> </b>BKR, TXN, AZN, DXCM, MCHP, MRNA, ADI, GILD,<b>
</b>CMCSA, PYPL, ROP, LULU, MSFT, GOOGL, </span><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-ligatures: none;">HON, ISRG, REGN,</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">NDX </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Monday:</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 3</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">HON, ISRG, REGN,</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 11 </b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">ADSK, ASML, CDNS, CHTR, CRWD, CSCO, LRCX,
MAR, NXPI, ROST, TMUS,</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Add Comments here:</span></b> </div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-8381294680750580982024-03-14T19:49:00.000-07:002024-03-15T16:47:42.441-07:00SPX Closes Lower after PPI was Higher Than Expected...Energy and Technology Lead Sectors...ADBE -10% in After-hours...<div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">© 2024</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: red;">-14.83 </span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">opened slightly lower and traded inside of Tuesday’s range
on heavy volume, closed near Tuesday’s S-1 level and above its 10 DMA.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">The PPI Report was above expectations: </span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">PPI M/M 0.6% </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">vs
0.3% est., <b>Y/Y 1.6%</b> vs 1.2%</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Core</span></b><span face="Arial, sans-serif" style="font-size: 12pt;"> PPI <b>M/M 0.6%</b>
vs 0.2% est., <b>Y/Y 2.0%</b> vs 2.0% prior </span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">NVDA <span style="color: red;">-29.44, -3.24%</span></span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">,</span><span face="Arial, sans-serif" style="font-size: 12pt;"> <b><span style="color: #0000cc;">879.44</span></b>, pulled back and closed below Tuesday’s
high and is again a bull flag setup.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">LEN <span style="color: red;">-12.64, -7.64%</span></span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">, </span><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">DG <span style="color: red;">-8.11, -5.13%</span></span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">,</span><span face="Arial, sans-serif" style="font-size: 12pt;"> closed lower on negative earnings
reactions.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">After-hours</span></b><span face="Arial, sans-serif" style="font-size: 12pt;">: <b>ADBE <span style="color: red;">-62.46, -10.95%,
</span></b>gaps lower on a negative earnings reaction<b>.</b></span><span face="Arial, sans-serif" style="font-size: 12pt;"><o:p> </o:p></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Mega caps</span><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt;"> MSFT, GOOGL, AMZN,
AAPL </span><span face="Arial, sans-serif" style="font-size: 12pt;">rose and</span><span face="Arial, sans-serif" style="color: red; font-size: 12pt;"> META, NVDA, TSLA </span><span face="Arial, sans-serif" style="font-size: 12pt;">fell on Thursday.</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">SPY</span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt;"> <b>down 1.02</b></span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">at <b><span style="color: #0000cc;">514.95</span></b> on 110.1 million
shares, above average volume, closed lower on higher volume </span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><b>VIX </b></span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #006600;">up .65 </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">at</span><span face="Arial, sans-serif" style="font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">14.40</span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">QQQ</span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> </span></b><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">down 1.11 </span></b><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">439.14</span></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">MSFT, AMZN, CVX, AAPL </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>DJIA, 7 </b>advancers, -11</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">WST, FTI, HAL, WRK </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>SPX, 111 </b>advancers </span></div><div style="text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">MSFT, GOOGL, ORLY, FANG </b><span face="Arial, sans-serif" style="font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 30 </b><span face="Arial, sans-serif" style="font-size: 12pt;">advancers</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt;">: </span></b></div><div style="text-align: left;"><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">Down</span><span face="Arial, sans-serif" style="font-size: 12pt;">: <b>SPY, QQQ,</b> <b>DIA, IWM,</b></span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">Two </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">of<b> eleven </b>sectors were up on Thursday, led by <b>XLE, XLK </b>and
<b>XLC</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The<b> SPY
MFC </b>green line is </span><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;">turned down </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">at </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">88.4 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">and is </span><u><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">counter-trend defensive</span></u><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">: <b>XLF, XLI,
XLE, XLB, XLP, XLC, XLK, XLY, XLV,</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLRE, XLU,</b></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Down trend sectors: </span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">up</span></u></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-month </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-day </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Up a little</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">30 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Thursday.</b></span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;">52 NDX</span></b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"> </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">CTAS,
ROST, META, <span style="color: #006600;">SPLK</span>, NVDA, AMZN, DASH, LRCX,
NFLX, CDNS, ORLY, AMAT, ASML, CDW, FAST, KLAC, PCAR, ABNB, CEG, NXPI, GEHC, QCOM,
FANG, AEP, MAR, CCEP,<b> </b>EXC, TMUS, AMD, CPRT, MU, CSGP, MNST,<b> </b>BKR,
TXN, AZN, DXCM, MCHP, MRNA, ADI, CRWD, GILD,<b> </b>ADSK, CMCSA, CSCO, PYPL,
ROP, LULU, MSFT, CHTR, </span><b><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-ligatures: none;">GOOGL,</span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">NDX </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Friday:</b></span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 1</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">GOOGL,</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 10 </b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">COST, CSX, FTNT, HON, INTU, ODFL, ON,
PAYX, REGN, TTD,</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Add Comments here:</span></b></div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-14192517673892333922024-03-13T18:47:00.000-07:002024-03-13T18:47:26.544-07:00SPX Pauses in Narrow Range on Wednesday...Energy, Materials, Financial Lead Sectors...PPI Report Thursday BMO...<div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">© 2024</span></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: red;">-9.96 </span></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">opened flat and traded in a narrow 27-point range on light
volume, remained above Tuesday’s S-1 level. </span></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">NVDA <span style="color: red;">-10.25, -1.12%</span></span></b><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;">,</span><span style="font-family: Arial, sans-serif; font-size: 12pt;"> <b><span style="color: #0000cc;">908.88</span></b>, paused on Wednesday and formed a dragonfly
doji after a $61 bull flag bounce on Tuesday.</span></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The PPI Report will be released Thursday at 8:30 am ET</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">.</span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Mega caps</span><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt;"> GOOGL, AMZN </span><span style="font-family: Arial, sans-serif; font-size: 12pt;">rose
and</span><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;"> MSFT, META, NVDA, AAPL, TSLA </span><span style="font-family: Arial, sans-serif; font-size: 12pt;">fell on Wednesday.</span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">SPY</span></b><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;"> <b>down .81</b></span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">at <b><span style="color: #0000cc;">515.97</span></b> on 55.1 million
shares, below average volume, closed lower on lower volume </span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><b>VIX </b></span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: red;">down .09</span><span style="color: #006600;"> </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">at</span><span style="font-family: Arial, sans-serif; font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">13.75</span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">QQQ</span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> </span></b><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">down 3.41 </span></b><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">440.25</span></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">MMM, TRV, CVX, CAT </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the <b>DJIA, 18 </b>advancers, -4</span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">FCX, VLO, DINO, MPC </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the <b>SPX, 265 </b>advancers </span></div><div style="text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">PYPL, PDD, CPRT, PANW </b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 37 </b><span style="font-family: Arial, sans-serif; font-size: 12pt;">advancers</span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">The two-year trend term is up. The
one-year trend is up.</span></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">: IWM, DIA,</span></b></div><div style="text-align: left;"><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;">Down</span><span style="font-family: Arial, sans-serif; font-size: 12pt;">: <b>SPY, QQQ,</b> </span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">Seven </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">of<b> eleven </b>sectors were up on Wednesday, led by <b>XLE, XLB </b>and
<b>XLF</b></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The<b> SPY
MFC </b>green line is </span><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">pointed up</span><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">at </span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">89.6 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">and is </span><u><span style="background: yellow; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman"; mso-highlight: yellow;">short-term
bullish</span></u><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="text-align: left;"><u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">: <b>XLI,
XLF, XLY, XLB, XLV, XLP, XLK, XLC, XLRE,</b></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLE, XLU,</b></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Down trend sectors: </span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">up</span></u></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">3-month </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">3-day </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Up a little</span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">37 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">on <b>Wednesday.</b></span></div><div style="text-align: left;"><b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">61 NDX</span></b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">CTAS,
ROST, REGN, META, <span style="color: #006600;">SPLK</span>, NVDA, AMZN, DASH,
LRCX, NFLX, CDNS, ORLY, AMAT, ASML, CDW, FAST, KLAC, PCAR, ABNB, CEG, CSX, ODFL,
NXPI, GEHC, ON, QCOM, TTD,<b> </b>FANG, AEP, MAR, CCEP,<b> </b>EXC, TMUS, AMD,
CPRT, FTNT, MU, CSGP, MNST,<b> </b>BKR, TXN, AZN, DXCM, MCHP, MRNA, ADI, CRWD,
HON, GILD,<b> </b>ADSK, CMCSA, CSCO, PYPL, ROP, COST, INTU, LULU, MSFT, PAYX, <b>CHTR,</b></span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">NDX </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">on <b>Thursday:</b></span></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 1</span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">CHTR,</span></b></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 8 </b></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">ANSS, AVGO, DLTR, INTC, ISRG, MRVL, SNPS,
TEAM,</span></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Add Comments here:</span></b></div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-27314667053500770482024-03-12T16:55:00.000-07:002024-03-12T16:55:27.057-07:00SPX New All-time Closing High...Technology, Communication Services, Consumer Discretionary Lead Sectors...ORCL +11% All-time Closing High on Positive EPS Reaction...<div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">© 2024</span></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: #006600;">+57.33 </span></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">gapped higher after a CPI report that came in 0.1% higher
than consensus in 3 of 4 categories, reversed, filled the gap, reversed higher
and <u><span style="color: #0000cc;">closed at a new all-time closing high</span></u>. The <b>SPX</b>
bounced above Monday’s hammer and triggered a bull flag entry.</span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">The </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">CPI Report</b><span style="font-family: Arial, sans-serif; font-size: 12pt;">:</span><span style="font-family: Arial, sans-serif; font-size: 12pt;">
</span><span style="font-family: Arial, sans-serif; font-size: 12pt;">headline CPI M/M 0.4% vs 0.4% est. Y/Y 3.2% vs 3.1% est.</span></div><div style="text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">Core CPI</b><span style="font-family: Arial, sans-serif; font-size: 12pt;">
M/M 0.4% vs 0.3% est. Y/Y 3.8% vs 3.7%, but </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><u>down from 3.9%</u></b><span style="font-family: Arial, sans-serif; font-size: 12pt;"> </span></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">NVDA <span style="color: #006600;">+61.39, +7.16%</span></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, <b><span style="color: #0000cc;">919.13</span></b>, reversed
much of Friday/Monday’s pull back and made a move above the high of the low day
in its bull flag pattern.</span></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">ORCL <span style="color: #006600;">+13.41, +11.75%</span>, </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">gapped up, closed at a new all-time high on positive earnings
reaction.</span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Mega caps</span><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt;"> NVDA, META, MSFT,
AMZN, GOOGL, AAPL </span><span style="font-family: Arial, sans-serif; font-size: 12pt;">rose and</span><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;"> TSLA </span><span style="font-family: Arial, sans-serif; font-size: 12pt;">fell on Tuesday.</span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">SPY</span></b><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;"> </span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">up 5.50 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">at <b><span style="color: #0000cc;">516.78</span></b> on 73.0 million
shares, average volume, closed higher on higher volume </span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><b>VIX </b></span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: red;">down 1.38</span><span style="color: #006600;"> </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">at</span><span style="font-family: Arial, sans-serif; font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">13.84</span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">QQQ</span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> up 6.27 </span></b><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">443.66</span></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">MMM, IBM, MSFT, AMZN </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the <b>DJIA, 22 </b>advancers, +2</span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">ORCL, NVDA, WST, NOW, ANET </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the <b>SPX, 290 </b>advancers </span></div><div style="text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">NVDA, PDD, CRWD, META </b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 66 </b><span style="font-family: Arial, sans-serif; font-size: 12pt;">advancers</span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">The two-year trend term is up. The
one-year trend is up.</span></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">: QQQ, SPY, DIA,</span></b></div><div style="text-align: left;"><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;">Down</span><span style="font-family: Arial, sans-serif; font-size: 12pt;">: <b>IWM,</b></span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">Seven </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">of<b> eleven </b>sectors were up on Tuesday, led by <b>XLK, XLC </b>and
<b>XLY</b></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The<b> SPY
MFC </b>green line </span><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">turned up</span><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">at </span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">88.0 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">and is </span><u><span style="background: yellow; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman"; mso-highlight: yellow;">short-term
bullish</span></u><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="text-align: left;"><u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">: <b>XLI,
XLF, XLY, XLB, XLV, XLP, XLK, XLC, XLRE,</b></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLE, XLU,</b></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Down trend sectors: </span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">up</span></u></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">3-month </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">3-day </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Up a little</span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">66 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">on <b>Tuesday.</b></span></div><div style="text-align: left;"><b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">68 NDX</span></b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">CTAS,
ROST, REGN, AVGO, META, <span style="color: #006600;">SPLK</span>, NVDA, AMZN,
DASH, LRCX, NFLX, CDNS, ORLY, AMAT, ASML, CDW, FAST, KLAC, PCAR, ABNB, SNPS, CEG,
CSX, DLTR, ODFL, NXPI, GEHC, ON, QCOM, TTD,<b> </b>FANG, AEP, MAR, CCEP,<b> </b>EXC,
TMUS, AMD, CPRT, FTNT, MU, CSGP, MNST,<b> </b>BKR, MRVL, TXN, AZN, DXCM, MCHP, MRNA,
ADI, CRWD, HON, INTC, GILD,<b> </b>ADSK, CMCSA, CSCO, PYPL, ROP, TEAM, <b>ANSS,
COST, INTU, ISRG, LULU, MSFT, PAYX,</b></span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">NDX </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">on <b>Wednesday:</b></span></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 7</span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">ANSS, COST, INTU, ISRG, LULU, MSFT, PAYX,</span></b></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 1 </b></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">BIIB,</span></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Add Comments here:</span></b></div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-48707671646206854602024-03-11T19:08:00.000-07:002024-03-11T19:08:11.832-07:00SPX Close Slightly Lower, Forms Hammer in Bull Flag Pattern...Basic Materials, Energy Lead Sectors...ORCL Gaps 14% Higher on Positive EPS Reactions<div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">© 2024</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: red;">-5.75 </span></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">opened lower, traded in a range, closed just above its open
and formed a hammer in in two-day bull flag setup.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">NVDA <span style="color: red;">-17.54, -2.00%</span></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, <b><span style="color: #0000cc;">857.74</span></b>, pulled
back for a second day forming a bull flag setup.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">After-hours</span></b><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">: ORCL <span style="color: #006600;">+16.47, +14.43%</span>, </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">gapped up on positive earnings reaction.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">The </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">CPI Report</b><span style="font-family: Arial, sans-serif; font-size: 12pt;"> will be released BMO at </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">8:30 am ET, Tuesday</span></b><span style="color: #0000cc; font-family: Arial, sans-serif; font-size: 12pt;">
</span><span style="font-family: Arial, sans-serif; font-size: 12pt;">morning.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Mega caps</span><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt;"> GOOGL, TSLA, AAPL </span><span style="font-family: Arial, sans-serif; font-size: 12pt;">rose
and</span><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;"> MSFT, AMZN, NVDA, META </span><span style="font-family: Arial, sans-serif; font-size: 12pt;">fell on Monday.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">SPY</span></b><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;"> <b>down .44</b></span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">at <b><span style="color: #0000cc;">511.28</span></b> on 62.5 million
shares, near average volume, closed lower on lower volume </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">VIX </b><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #006600;">up .48 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">at</span><span style="font-family: Arial, sans-serif; font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">15.22</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">QQQ</span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> </span></b><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">down 1.63</span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> </span></b><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">437.39</span></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">UNH, INTC, NKE, DIS </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the <b>DJIA, 20 </b>advancers, +7</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">MRNA, PARA, ALB, PFE, NEM </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the <b>SPX, 290 </b>advancers </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">MRNA, CHTR, WBD, XEL </b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 61 </b><span style="font-family: Arial, sans-serif; font-size: 12pt;">advancers</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">The two-year trend term is sideways. The
one-year trend is up.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">: DIA,</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;">Down</span><span style="font-family: Arial, sans-serif; font-size: 12pt;">: <b>SPY, QQQ, IWM,</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">Five </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">of<b> eleven </b>sectors were up on Monday, led by <b>XLB, XLE </b>and
<b>XLP</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The<b> SPY MFC </b>green
line is </span><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">pointed down </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">at </span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">84.4 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">and is </span><u><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">counter-trend <span style="background: yellow; mso-highlight: yellow;">defensive</span></span></u><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">: <b>XLI,
XLF, XLY, XLB, XLV, XLP, XLK, XLC, XLRE,</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLE, XLU,</b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Down trend sectors: </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">up</span></u></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">3-month </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">3-day </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Up a little</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">61 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">on <b>Monday.</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">62 NDX</span></b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">CTAS,
ROST, REGN, AVGO, META, <span style="color: #006600;">SPLK</span>, NVDA, AMZN,
DASH, LRCX, NFLX, CDNS, ORLY, AMAT, ASML, CDW, FAST, KLAC, PCAR, ABNB, SNPS, CEG,
CSX, DLTR, ODFL, NXPI, GEHC, ON, QCOM, TTD,<b> </b>FANG, AEP, MAR, CCEP,<b> </b>EXC,
TMUS, AMD, CPRT, FTNT, MU, CSGP, MNST,<b> </b>BKR, MRVL, TXN, AZN, DXCM, MCHP, MRNA,
ADI, CRWD, HON, INTC, GILD,<b> ADSK, BIIB, CMCSA, CSCO, PYPL, ROP, TEAM,</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">NDX </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">on <b>Tuesday:</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 7</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">ADSK, BIIB, CMCSA, CSCO, PYPL, ROP,
TEAM, </span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 4 </b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">ANSS, IDXX, INTU, ISRG,</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-ligatures: none;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-ligatures: none;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-ligatures: none;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-ligatures: none;">Add Comments here:</span></b> </div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-51247789757042862352024-03-08T22:10:00.000-08:002024-03-11T14:45:09.356-07:00SPX Closes Lower after NVDA, Tech Stocks Reverse Lower...Real Estate, Energy, Utilities Lead Sectors...MRVL, COST, AVGO Down after Negative Earnings Reactions...CPI Report Tuesday BMO...<div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">© 2024</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: red;">-33.67 </span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">opened slightly higher, reversed after <b>NVDA</b> and
technology stocks reversed and closed lower.
The Jobs Report produced <b>275K <u>new jobs</u></b> vs. 190K expected
and an <b><u>Unemployment Rate</u></b> of <b>3.9%</b> vs. 3.7% expected.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">MRVL <span style="color: red;">-9.67, -11.36%</span>, COST <span style="color: red;">-60.03, -7.64%</span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">, <b>AVGO
<span style="color: red;">-98.29, -5.55%</span>, </b>gapped down and closed lower
on negative earnings reactions.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">NVDA <span style="color: red;">-51.41, -5.55%</span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">, <b><span style="color: #0000cc;">875.28</span></b>, reversed
from a higher open and closed lower after buying exhausted and supply exceeded
demand after the first hour of trading.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">The </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">CPI Report</b><span face="Arial, sans-serif" style="font-size: 12pt;"> will be released Tuesday
at 8:30 am ET.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Mega caps</span><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt;"> AAPL, GOOGL </span><span face="Arial, sans-serif" style="font-size: 12pt;">rose
and</span><span face="Arial, sans-serif" style="color: red; font-size: 12pt;"> MSFT, AMZN, META, TSLA, NVDA </span><span face="Arial, sans-serif" style="font-size: 12pt;">fell on Friday.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">SPY</span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt;"> <b>down 3.09</b></span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">at <b><span style="color: #0000cc;">511.72</span></b> on 86.5 million
shares, above average volume, closed lower on higher volume </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">VIX </b><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #006600;">up .30 </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">at</span><span face="Arial, sans-serif" style="font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">14.74</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">QQQ</span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> </span></b><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">down 6.43</span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> </span></b><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">439.02</span></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">MMM, CSCO, AAPL, NKE </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>DJIA, 13 </b>advancers, -3</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">ETSY, CCL, MRNA, GNRC </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>SPX, 250 </b>advancers </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">MRNA, TEAM, CMCSA, GILD </b><span face="Arial, sans-serif" style="font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 35 </b><span face="Arial, sans-serif" style="font-size: 12pt;">advancers</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">The two-year trend term is sideways. The
one-year trend is up.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt;">: </span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">Down</span><span face="Arial, sans-serif" style="font-size: 12pt;">: <b>IWM, DIA, SPY, QQQ,</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">Four </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">of<b> eleven </b>sectors were up on Friday, led by <b>XLRE, XLE </b>and
<b>XLU</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The<b> SPY
MFC </b>green line </span><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;">turned down </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">at </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">87.3 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">and is </span><u><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">counter-trend
<span style="background: yellow; mso-highlight: yellow;">defensive</span></span></u><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">: <b>XLI,
XLF, XLY, XLB, XLV, XLP, XLK, XLC, XLRE,</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLE, XLU,</b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Down trend sectors: </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">up</span></u></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-month </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-day </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Up a little</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">35 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Friday.</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;">59 NDX</span></b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"> </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">CTAS,
ROST, ISRG, REGN, AVGO, META, <span style="color: #006600;">SPLK</span>, NVDA,
AMZN, DASH, LRCX, NFLX, CDNS, ORLY, AMAT, ASML, CDW, FAST, KLAC, PCAR, ABNB,
SNPS, CEG, CSX, DLTR, ODFL, IDXX, NXPI, GEHC, ON, QCOM, TTD,<b> </b>FANG, AEP, MAR,
CCEP,<b> </b>EXC, TMUS, AMD, CPRT, FTNT, MU, CSGP, MNST,<b> </b>BKR, MRVL, TXN,
AZN, DXCM, MCHP, MRNA, ADI, ANSS, CRWD, HON, INTC, </span><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-ligatures: none;">GILD, INTU,</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">NDX </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Monday:</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 2</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">GILD, INTU,</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 2 </b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">COST, MSFT,</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-ligatures: none;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-ligatures: none;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-ligatures: none;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-ligatures: none;">Add Comments here:</span></b></div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-30451526332266752142024-03-07T19:30:00.000-08:002024-03-10T22:07:21.422-07:00SPX All-time Closing High...NVDA Closes Above $900...Communication Services, Technology Lead Sectors...After-hours: COST, AVGO Lower on Negative Earnings Reactions...<p> </p><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face=""Arial",sans-serif" style="color: black; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face=""Arial",sans-serif" style="color: black; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">© 2024</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: #006600;">+52.60</span><span style="color: red;"> </span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">made another
all-time closing high at <b><span style="color: #0000cc;">5,157.36</span></b>. The <b>SPX</b> opened higher, trended higher during
Powell’s report to the Senate and closed higher. Fed Chair Jerome Powell said
today, “the economy is growing at a healthy, sustainable, solid, strong pace.” He also indicated that the Fed was near a
confidence level on inflation to be able to reduce rates for the current
restrictive level.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">CRWD <span style="color: #006600;">+0.11, +0.03%</span> </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">is forming an earnings flag setup.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">NVDA <span style="color: #006600;">+39.69, +4.47%</span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">, </span><b style="font-family: Arial, sans-serif; font-size: 16px;"><span style="color: #0000cc;">926.69,</span></b><span face="Arial, sans-serif" style="font-size: 12pt;"> closed higher and made another </span><i style="font-family: Arial, sans-serif; font-size: 12pt;"><u><span style="color: #0000cc;">new all-time closing high</span></u></i></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">After-hours:
</span></b><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">AVGO <span style="color: red;">-46.01,
-3.27%</span>, COST <span style="color: red;">-31.89, -4.06% </span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">fell on negative earnings reactions.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Jobs Report, Friday 8:30 am ET</span></b><span face="Arial, sans-serif" style="font-size: 12pt;">.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Mega caps</span><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt;"> NVDA, META, GOOGL,
AMZN, MSFT, TSLA </span><span face="Arial, sans-serif" style="font-size: 12pt;">rose and</span><span face="Arial, sans-serif" style="color: red; font-size: 12pt;"> AAPL </span><span face="Arial, sans-serif" style="font-size: 12pt;">fell on Thursday.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">SPY</span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt;"> </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">up 5.06 </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">at <b><span style="color: #0000cc;">514.81</span></b> on 58.6 million
shares, below average volume, closed higher on lower volume </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><b>VIX </b></span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: red;">down .06</span><span style="color: #006600;"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">at</span><span face="Arial, sans-serif" style="font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">14.44</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">QQQ</span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> up 6.66 </span></b><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">445.45</span></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">INTC, AXP, AMZN, MSFT </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>DJIA, 16 </b>advancers, +0</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">KR, EW, POSS, RMD </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>SPX, 366 </b>advancers </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">ON, MCHP, QCOM, MRVL, NVDA </b><span face="Arial, sans-serif" style="font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 75 </b><span face="Arial, sans-serif" style="font-size: 12pt;">advancers</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">The two-year trend term is sideways. The
one-year trend is up.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt;">: QQQ, SPY, IWM, DIA,</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">Down</span><span face="Arial, sans-serif" style="font-size: 12pt;">: </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">Nine </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">of<b> eleven </b>sectors were up and one was unchanged on Thursday,
led by <b>XLC, XLK </b>and <b>XLB</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The<b> SPY
MFC </b>green line </span><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">turned up</span><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;"> </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">at </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">90.8 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">and is </span><u><span face=""Arial",sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman"; mso-highlight: yellow;">short-term
bullish</span></u><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">: <b>XLI,
XLF, XLY, XLB, XLV, XLP, XLK, XLC, XLRE,</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLE, XLU,</b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Down trend sectors: </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">up</span></u></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-month </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-day </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Up a little</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">75 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Thursday.</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;">59 NDX</span></b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"> </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">CTAS,
ROST, COST, ISRG, REGN, AVGO, META, <span style="color: #006600;">SPLK</span>,
NVDA, AMZN, DASH, LRCX, NFLX, CDNS, ORLY, AMAT, ASML, CDW, FAST, KLAC, PCAR,
ABNB, SNPS, CEG, CSX, DLTR, ODFL, IDXX, NXPI, GEHC, ON, QCOM, TTD,<b> </b>FANG,
AEP, MAR, CCEP,<b> </b>EXC, TMUS, AMD, CPRT, FTNT, MU, CSGP, MNST,<b> </b>BKR,
MRVL, TXN, AZN, DXCM, MCHP, MRNA, ADI, ANSS, CRWD, HON, INTC, </span><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 17.12px;">MSFT,</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">NDX </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Friday:</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 1</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">MSFT,</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 1 </b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">INTU,</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Add Comments here:</span></b></div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-57033197961288398632024-03-06T22:35:00.000-08:002024-03-07T17:39:21.808-08:00SPX Rebounds from Tuesday's Tech Selloff...Utilities, Consumer Staples, Technology Lead Sectors Higher...Stocks Rally During Powell's Report to Congress...<div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">© 2024</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: #006600;">+26.11</span><span style="color: red;"> </span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">gapped higher after
futures rose overnight, partially filled the gap as Powell appearance before
the House started and rallied during his report. lows
during the last thirty minutes of trading.
A pullback from highs occurred after a DoD report of two deaths from an
attack in the Red Sea.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">CRWD <span style="color: #006600;">+32.01, +10.76%</span> </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">on a positive earnings reaction.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">NVDA <span style="color: #006600;">+27.27, +3.18%</span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">, closed higher and made a <i><u><span style="color: #0000cc;">new
all-time closing high</span></u></i>.</span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Fed Chair Jerome Powell is scheduled to deliver his
Semiannual Monetary Policy Report to the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">Senate on Thursday</b><span face="Arial, sans-serif" style="font-size: 12pt;">, scheduled
at </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">10:00 am ET</b><span face="Arial, sans-serif" style="font-size: 12pt;">.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Jobs Report, Friday 8:30 am ET</span></b><span face="Arial, sans-serif" style="font-size: 12pt;">.</span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><b><span style="color: #2b00fe;">Futures fell after-hours</span></b> following comments from the Fed’s
Neel Kashkari in a WSJ Live Event interview regarding a potential scenario of
no rate cuts this year.</span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Mega caps</span><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt;"> NVDA, META </span><span face="Arial, sans-serif" style="font-size: 12pt;">rose
and </span><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">MSFT, AMZN, AAPL, GOOGL, TSLA </span><span face="Arial, sans-serif" style="font-size: 12pt;">fell on Wednesday.</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">SPY</span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt;"> </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">up 2.57 </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">at <b><span style="color: #0000cc;">509.75</span></b> on 68.1 million
shares, average volume, closed higher on lower volume </span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><b>VIX </b></span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #006600;">up .04 </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">at</span><span face="Arial, sans-serif" style="font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">14.50</span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">QQQ</span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> up 2.74 </span></b><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">438.79</span></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">INTC, IBM, CRM, HON </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>DJIA, 16 </b>advancers, +7</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">DXCM, ALB, CINF, PFE </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>SPX, 362 </b>advancers </span></div><div style="text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">CRWD, QCOM, ASML, MRVL </b><span face="Arial, sans-serif" style="font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 69 </b><span face="Arial, sans-serif" style="font-size: 12pt;">advancers</span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">The two-year trend term is sideways. The
one-year trend is up.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt;">: IWM, QQQ, SPY, DIA,</span></b></div><div style="text-align: left;"><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">Down</span><span face="Arial, sans-serif" style="font-size: 12pt;">: </span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">Ten </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">of<b> eleven </b>sectors were up on Wednesday, led by <b>XLU, XLP </b>and
<b>XLK</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The<b> SPY
MFC </b>green line is </span><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;">pointed down </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">at </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">90.4 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">and is </span><u><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">counter-trend
defensive</span></u><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">: <b>XLI,
XLF, XLY, XLB, XLV, XLP, XLK, XLC, XLRE,</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLE, XLU,</b></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Down trend sectors: </span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">up</span></u></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-month </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-day </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Down a little</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">69 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Wednesday.</b></span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;">59 NDX</span></b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"> </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">CTAS,
ROST, COST, ISRG, REGN, AVGO, META, <span style="color: #006600;">SPLK</span>,
NVDA, AMZN, DASH, LRCX, NFLX, CDNS, ORLY, AMAT, ASML, CDW, FAST, KLAC, PCAR,
ABNB, SNPS, CEG, CSX, DLTR, ODFL, IDXX, NXPI, GEHC, ON, QCOM, TTD,<b> </b>FANG,
AEP, MAR, CCEP,<b> </b>EXC, TMUS, AMD, CPRT, FTNT, MU, CSGP, MNST,<b> </b>BKR,
MRVL, TXN, AZN, DXCM, MCHP, MRNA, </span><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 17.12px;">ADI, ANSS, CRWD, HON, INTC, INTU,</span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">NDX </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Thursday:</b></span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 6</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">ADI, ANSS, CRWD, HON, INTC, INTU,</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 1 </b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">CTSH,</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Add Comments here:</span></b></div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-25192914042021732182024-03-05T23:34:00.000-08:002024-03-05T23:37:47.420-08:00SPX Opens Lower, Closes Lower after Report of Falling iPhone Sales in China...Energy, Consumer Staples Lead Sectors...TGT Leads SPX on Positive Earnings Reaction...<div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">© 2024</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: red;">-52.30 </span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">opened lower after reports of AAPL’s iPhone sales falling
24% in China and after the open selling continued in the Technology sector <b>XLK
<span style="color: red;">-2.46%</span> </b>until a rally off the lows during the
last thirty minutes of trading.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">NVDA <span style="color: #006600;">+7.27, +0.85%</span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">, closed higher and made a <i><u><span style="color: #0000cc;">new
all-time closing high</span></u></i>.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">TGT <span style="color: #006600;">+18.09, +12.02%</span> </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">on a positive earnings reaction led the <b>SPX</b>.</span></div><div style="text-align: left;"><b style="font-size: 12pt;"><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-ligatures: none;"><br /></span></b></div><div style="text-align: left;"><b style="font-size: 12pt;"><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-ligatures: none;">After-hours</span><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-ligatures: none;">: CRWD <span style="color: #006600;">+70.69, +23.76%</span>
</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">on
a positive earnings reaction.</span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Fed Chair Jerome Powell is scheduled to deliver his
Semiannual Monetary Policy Report to the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">House on Wednesday</b><span face="Arial, sans-serif" style="font-size: 12pt;"> and to the
Senate on Thursday, both scheduled at </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">10:00 am ET</b><span face="Arial, sans-serif" style="font-size: 12pt;">.</span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Mega caps</span><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt;"> NVDA </span><span face="Arial, sans-serif" style="font-size: 12pt;">rose and </span><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">GOOGL, META, AMZN, AAPL, MSFT, TSLA </span><span face="Arial, sans-serif" style="font-size: 12pt;">fell on Tuesday.</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">SPY</span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt;"> <b>down 5.12 </b></span><span face="Arial, sans-serif" style="font-size: 12pt;">at <b><span style="color: #0000cc;">507.18</span></b> on 72.6 million shares, average volume, closed lower on higher
volume </span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><b>VIX </b></span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #006600;">up .97 </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">at</span><span face="Arial, sans-serif" style="font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">14.46</span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">QQQ</span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> </span></b><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">down 7.97 </span></b><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">436.05</span></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">MMM, WMT, JPM, MCD </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>DJIA, 9 </b>advancers, -7</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">TGT, DVA, HPE, CFG, ZION </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>SPX, 180 </b>advancers </span></div><div style="text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">BKR, WBA, DLTR, PCAR </b><span face="Arial, sans-serif" style="font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 20 </b><span face="Arial, sans-serif" style="font-size: 12pt;">advancers</span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">The two-year trend term is sideways. The
one-year trend is up.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt;">: </span></b></div><div style="text-align: left;"><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">Down</span><span face="Arial, sans-serif" style="font-size: 12pt;">: <b>IWM, SPY, DIA, QQQ,</b></span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">Three </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">of<b> eleven </b>sectors were up on Tuesday, led by <b>XLE, XLP </b>and
<b>XLF</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The<b> SPY
MFC </b>green line </span><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;">turned down </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">at </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">91.3 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">and is </span><u><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">counter-trend
defensive</span></u><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">: <b>XLI,
XLF, XLY, XLB, XLV, XLP, XLK, XLC, XLRE,</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLE, XLU,</b></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Down trend sectors: </span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">up</span></u></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-month </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-day </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Down a little</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">20 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Tuesday.</b></span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;">54 NDX</span></b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"> </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">CTAS,
ROST, COST, ISRG, REGN, AVGO, META, <span style="color: #006600;">SPLK</span>, NVDA,
AMZN, DASH, LRCX, NFLX, CDNS, ORLY, AMAT, ASML, CDW, FAST, KLAC, PCAR, ABNB,
SNPS, CEG, CSX, DLTR, ODFL, IDXX, NXPI, GEHC, ON, QCOM, TTD,<b> </b>FANG, AEP, CTSH,
MAR, CCEP,<b> </b>EXC, TMUS, AMD, CPRT, FTNT, MU, CSGP, MNST,<b> </b>BKR, MRVL,
TXN, AZN, DXCM, MCHP, MRNA,</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">NDX </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Wednesday:</b></span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 0</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 10 </b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">ADI, ADSK, ANSS, CRWD, DDOG, HON, INTC,
INTU, MSFT, PAYX,</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Add Comments here:</span></b></div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-39537106087377069662024-03-04T21:43:00.000-08:002024-03-04T21:44:49.722-08:00SPX, NDX Pause on Monday after Friday New High...Utilities, Real Estate, Basic Materials Lead Sectors...NVDA All-time Closing High...<div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">© 2024</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: red;">-6.13 </span></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">opened lower, trended in a range and closed slightly lower. </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">NVDA <span style="color: #006600;">+29.58, +3.60%</span></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, closed higher and made a <i><u><span style="color: #0000cc;">new
all-time closing high</span></u></i>.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">HPE <span style="color: #006600;">+1.59, +10.22%, </span>NEM <span style="color: #006600;">+1.79, +5.65%</span></span></b><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt;"> </span><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the <b>SPX</b>.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Fed Chair Jerome Powell is scheduled to deliver his Semiannual
Monetary Policy Report to the House on Wednesday and to the Senate on Thursday,
both scheduled at 10:00 am ET.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Mega caps</span><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt;"> NVDA </span><span style="font-family: Arial, sans-serif; font-size: 12pt;">rose and </span><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;">MSFT, AMZN, META, AAPL, GOOGL, TSLA </span><span style="font-family: Arial, sans-serif; font-size: 12pt;">fell on Monday.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">SPY</span></b><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;"> <b>down .55 </b></span><span style="font-family: Arial, sans-serif; font-size: 12pt;">at <b><span style="color: #0000cc;">512.30</span></b> on 49.7 million shares, below average volume, closed lower
on lower volume </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">VIX </b><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #006600;">up .38 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">at</span><span style="font-family: Arial, sans-serif; font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">13.49</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">QQQ</span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> </span></b><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">down 1.59 </span></b><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">444.02</span></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">INTC, IBM, DOW, DIS </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the <b>DJIA, 16 </b>advancers, +0</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">HPE, NEM, D, MS </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the <b>SPX, 299 </b>advancers </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">INTC, DASH, NVDA, CEG </b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 42 </b><span style="font-family: Arial, sans-serif; font-size: 12pt;">advancers</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">The two-year trend term is sideways. The
one-year trend is up.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">: </span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;">Down</span><span style="font-family: Arial, sans-serif; font-size: 12pt;">: <b>IWM, SPY, DIA, QQQ,</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">Six </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">of<b> eleven </b>sectors were up and one was unchanged on Monday,
led by <b>XLU, XLRE </b>and <b>XLB</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The<b> SPY
MFC </b>green line is </span><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">pointed up </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">at </span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">94.2 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">and is </span><u><span style="background: yellow; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman"; mso-highlight: yellow;">short-term bullish</span></u><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">: <b>XLI,
XLF, XLY, XLB, XLV, XLP, XLK, XLC, XLRE,</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLE, XLU,</b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Down trend sectors: </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">up</span></u></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">3-month </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">3-day </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Up</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">42 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">on <b>Monday.</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">64 NDX</span></b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">CTAS,
ROST, COST, ISRG, REGN, AVGO, META, <span style="color: #006600;">SPLK</span>, ADSK,
NVDA, AMZN, DASH, LRCX, MSFT, NFLX, CDNS, ORLY, AMAT, ASML, CDW, FAST, INTU,
KLAC, PCAR, ABNB, SNPS, CEG, CSX, DLTR, ODFL, IDXX, NXPI, GEHC, PAYX, ON, QCOM,
TTD,<b> </b>FANG, AEP, CTSH, MAR, CCEP,<b> </b>EXC, TMUS, AMD, CPRT, CRWD,
DDOG, FTNT, MU, CSGP, MNST,<b> </b>BKR, HON, MRVL, TXN, ADI, ANSS, AZN, DXCM, MCHP,
<b>INTC, MRNA,</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">NDX </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">on <b>Tuesday:</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 2</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">INTC, MRNA, </span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 6 </b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">ADP, EA, GFS, ROP, TSLA, VRTX,</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Add Comments here:</span></b> </div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-8823982970035851082024-03-01T22:30:00.000-08:002024-03-04T19:29:15.513-08:00SPX, NDX, XLK, XLI New All-time Closing Highs on Friday...Technology, Energy Lead Sectors...NTAP, COO Lead SPX on Positive EPS Reactions...<div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face=""Arial",sans-serif" style="color: black; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face=""Arial",sans-serif" style="color: black; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">© 2024</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: #006600;">+40.81</span><span style="color: red;"> </span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">opened higher, trended
higher all day, notwithstanding it was an expiration Friday, and closed at a
new all-time closing high </span><span face="Arial, sans-serif" style="font-size: 12pt;">of </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">5137.08</span></b><span face="Arial, sans-serif" style="font-size: 12pt;">. The </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX</b><span face="Arial, sans-serif" style="font-size: 12pt;">
also closed at an all-time closing high as did </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLK</b><span face="Arial, sans-serif" style="font-size: 12pt;"> and </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLI</b><span face="Arial, sans-serif" style="font-size: 12pt;">. Today’s price action was a horizontal breakout.
</span><b style="font-family: Arial, sans-serif; font-size: 12pt;">Twenty-three NDX 100</b><span face="Arial, sans-serif" style="font-size: 12pt;"> stocks also made new highs.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">NTAP <span style="color: #006600;">+16.19, +18.17%, </span>COO
<span style="color: #006600;">+8.59, +9.18%</span></span></b><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt;"> </span><span face="Arial, sans-serif" style="font-size: 12pt;">led
the <b>SPX </b>on a positive earnings reaction.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Mega caps</span><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt;"> NVDA, META, AMZN,
MSFT, TSLA </span><span face="Arial, sans-serif" style="font-size: 12pt;">rose and </span><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">AAPL, GOOGL </span><span face="Arial, sans-serif" style="font-size: 12pt;">fell on Friday.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">SPY</span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt;"> </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">up 4.77</span></b><span face="Arial, sans-serif" style="font-size: 12pt;">at <b><span style="color: #0000cc;">512.85</span></b> on 76.8 million
shares, average volume, closed higher on lower volume </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><b>VIX </b></span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: red;">down .29 </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">at</span><span face="Arial, sans-serif" style="font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">13.11</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">QQQ</span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> up 6.61</span></b><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> </span></b><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">445.61</span></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">CRM, AMGN, INTC, IBM </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>DJIA, 16 </b>advancers, +2</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">NTAP, COO, WDC, KLAC </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>SPX, 308 </b>advancers </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">MRVL, AVGO, DXCM, AMD </b><span face="Arial, sans-serif" style="font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 68 </b><span face="Arial, sans-serif" style="font-size: 12pt;">advancers</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">The two-year trend term is sideways. The
one-year trend is up.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt;">: QQQ, IWM, SPY, DIA,</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">Down</span><span face="Arial, sans-serif" style="font-size: 12pt;">: <b> </b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">Nine </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">of<b> eleven </b>sectors were up on Friday, led by <b>XLK, XLE </b>and
<b>XLRE</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The<b> SPY MFC </b>green
line </span><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">turned up </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">at </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">93.1 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">and is </span><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;"><u><span style="background: yellow; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-highlight: yellow; mso-ligatures: none;">short-term
bullish</span></u>.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">: <b>XLI,
XLF, XLY, XLB, XLV, XLP, XLK, XLC, XLRE,</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLE, XLU,</b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Down trend sectors: </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">up</span></u></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-month </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-day </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Up</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">68 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Friday.</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;">68 NDX</span></b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"> </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">CTAS,
ROST, COST, ISRG, REGN, AVGO, META, <span style="color: #006600;">SPLK</span>,
ADP, ADSK, NVDA, AMZN, DASH, LRCX, MSFT, NFLX, CDNS, ORLY, AMAT, ASML, CDW,
FAST, INTU, KLAC, PCAR, ABNB, SNPS, CEG, CSX, DLTR, ODFL, IDXX, NXPI, GEHC,
PAYX, ON, QCOM, TTD,<b> </b>EA, FANG, AEP, CTSH, MAR, CCEP,<b> </b>EXC, TMUS, AMD,
CPRT, CRWD, DDOG, FTNT, MU, CSGP, TSLA, MNST,<b> </b>BKR, HON, MRVL, TXN, <b>ADI,
ANSS, AZN, DXCM, GFS, MCHP, ROP, VRTX,</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">NDX </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Monday:</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 8</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">ADI, ANSS, AZN, DXCM, GFS, MCHP, ROP,
VRTX,</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 4 </b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">LULU, MDB, SBUX, ZS,</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Add Comments here:</span></b></div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-25549196964336360692024-02-29T15:39:00.000-08:002024-03-02T23:01:19.412-08:00SPX Rallies to All-time Closing High after PCE Inflation inline with Consensus Estimate...Technology, Communication Services Lead Sectors...Hormel Leads SPX on Positive EPS Reaction...<div style="text-align: left;"> </div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">© 2024</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: #006600;">+26.51</span><span style="color: red;"> </span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">gapped higher, reversed
filled the gap, rallied in the afternoon to an all-time closing high. Today’s
price action was a bull flag bounce. Today’s
gap up occurred after the <b>PCE </b>inflation report<b> </b>was in line with
consensus estimates<b>.</b></span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">HRL <span style="color: #006600;">+4.49, +14.56%</span></span></b><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt;"> </span><span face="Arial, sans-serif" style="font-size: 12pt;">led
the <b>SPX </b>on a positive earnings reaction.</span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Mega caps</span><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt;"> AMZN, NVDA, GOOGL,
MSFT, META </span><span face="Arial, sans-serif" style="font-size: 12pt;">rose and </span><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">TSLA, AAPL </span><span face="Arial, sans-serif" style="font-size: 12pt;">fell on Thursday.</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">SPY</span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt;"> </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">up 1.82</span></b><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">at <b><span style="color: #0000cc;">508.08</span></b> on 83.9 million shares, above average volume, closed higher
on higher volume </span></div><div style="text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">VIX </b><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: red;">down .44 </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">at </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">13.40</span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">QQQ</span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> up 3.73</span></b><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> </span></b><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">439.00</span></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">CRM, INTC, AMZN, MSFT </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>DJIA, 14 </b>advancers, +4</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">HRL, FMC, AMD, ENPH, CZR </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>SPX, 314 </b>advancers </span></div><div style="text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">AMD, MRVL, MNST, GFS </b><span face="Arial, sans-serif" style="font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 65 </b><span face="Arial, sans-serif" style="font-size: 12pt;">advancers</span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">The two-year trend term is sideways. The
one-year trend is up.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt;">: QQQ, IWM, SPY, DIA,</span></b></div><div style="text-align: left;"><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">Down</span><span face="Arial, sans-serif" style="font-size: 12pt;">:</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">Eight </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">of<b> eleven </b>sectors were up on Thursday, led by <b>XLK, XLC </b>and
<b>XLRE</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The<b> SPY
MFC </b>green line </span><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;">turned down </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">at </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">92.2 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">and is </span><u><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">counter-trend
defensive</span></u><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">: <b>XLI,
XLF, XLY, XLB, XLV, XLP, XLK, XLC, XLRE,</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLE, XLU,</b></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Down trend sectors: </span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">up</span></u></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-month </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-day </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Up a little</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">65 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Thursday.</b></span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;">64 NDX</span></b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"> </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">CTAS,
ROST, COST, ISRG, REGN, AVGO, META, <span style="color: #006600;">SPLK</span>,
ADP, ADSK, NVDA, AMZN, DASH, LRCX, MSFT, NFLX, CDNS, ORLY, AMAT, ASML, CDW,
FAST, INTU, KLAC, PCAR, ABNB, SNPS, CEG, CSX, DLTR, ODFL, IDXX, NXPI, GEHC,
PAYX, ON, QCOM, TTD,<b> </b>EA, FANG, AEP, CTSH, MAR, CCEP,<b> </b>EXC, TMUS, AMD,
CPRT, CRWD, DDOG, FTNT, MDB, MU, CSGP, TSLA, MNST, </span><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-ligatures: none;">BKR, HON, LULU, MRVL, SBUX, TXN, ZS,</span></b></div><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-ligatures: none;"></span><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">NDX </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Friday:</b></span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 7</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">BKR, HON, LULU, MRVL, SBUX, TXN, ZS,</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 3 </b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">AZN, ILMN, MRNA,</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-ligatures: none;"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-ligatures: none;"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-ligatures: none;"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-ligatures: none;">Add Comments here:</span></b></div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-15631025610853753152024-02-28T22:30:00.000-08:002024-02-29T00:30:55.162-08:00SPX Closes Slightly Lower in Light Volume Narrow Range Day...Real Estate, Consumer Discretionary, Financial Lead Sectors...PCE Report Thursday morning BMO...<div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">© 2024</span></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: red;">-8.42 </span></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">opened flat, traded in a narrow range on light volume, closed
slightly lower, formed a spinning top in a bull flag price pattern.</span></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">PCE </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">inflation report<b>
</b>Thursday at 8:30 am ET BMO<b>.</b></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Mega caps</span><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt;"> TSLA, MSFT </span><span style="font-family: Arial, sans-serif; font-size: 12pt;">rose
and </span><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;">AMZN, META, AAPL, NVDA, AMZN, GOOGL </span><span style="font-family: Arial, sans-serif; font-size: 12pt;">fell on Wednesday.</span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">SPY</span></b><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;"> <b>down .67 </b></span><span style="font-family: Arial, sans-serif; font-size: 12pt;">at <b><span style="color: #0000cc;">506.26</span></b> on 56.5 million shares, below average volume, closed lower
on higher volume. </span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><b>VIX </b></span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #006600;">up .41</span><span style="color: red;"> </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">at</span><span style="font-family: Arial, sans-serif; font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">13.84</span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">QQQ</span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> </span></b><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">down 2.33 </span></b><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">435.27</span></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">DIS, HD, TRV, AAPL </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the <b>DJIA, 18 </b>advancers, +2</span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">NCLH, CEG, CCL, AZO, ALB </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the <b>SPX, 255 </b>advancers </span></div><div style="text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">CEG, TTD, AEP, PANW </b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 30 </b><span style="font-family: Arial, sans-serif; font-size: 12pt;">advancers</span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">The two-year trend term is sideways. The
one-year trend is up.</span></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">: </span></b></div><div style="text-align: left;"><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;">Down</span><span style="font-family: Arial, sans-serif; font-size: 12pt;">: <b>DIA, SPY, QQQ, IWM,</b></span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">Seven </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">of<b> eleven </b>sectors were up on Wednesday, led by <b>XLRE, XLY
</b>and <b>XLF</b></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The<b> SPY
MFC </b>green line </span><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">turned up </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">at </span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">92.7 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">and is </span><u><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">short-term
bullish</span></u><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="text-align: left;"><u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">: <b>XLI, XLF,
XLY, XLB, XLV, XLP, XLK, XLC, XLRE,</b></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLE, XLU,</b></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Down trend sectors: </span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">up</span></u></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">3-month </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">3-day </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Down a little</span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">30 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">on <b>Wednesday.</b></span></div><div style="text-align: left;"><b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">60 NDX</span></b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">CTAS,
ROST, COST, ISRG, REGN, AVGO, META, <span style="color: #006600;">SPLK</span>,
ADP, ADSK, NVDA, AMZN, DASH, LRCX, MSFT, NFLX, CDNS, ORLY, AMAT, ASML, CDW,
FAST, INTU, KLAC, PCAR, ABNB, SNPS, CEG, CSX, DLTR, ODFL, IDXX, NXPI, GEHC,
PAYX, ON, QCOM, TTD,<b> </b>EA, FANG, AEP, CTSH, MAR, CCEP,<b> </b>EXC, TMUS, AMD,
CPRT, CRWD, DDOG, FTNT, MDB, MU, AZN, CSGP, TSLA, MNST,<b> ILMN, MRNA,</b></span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">NDX </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">on <b>Thursday:</b></span></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 2</span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">ILMN, MRNA,</span></b></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 8 </b></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">ANSS, BKR, LULU, MRVL, SBUX, TXN, VRTX,</span><b style="font-family: Arial, sans-serif; font-size: 12pt;">
</b><span style="font-family: Arial, sans-serif; font-size: 12pt;">ZS,</span></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Add Comments here:</span></b></div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-30376499881003384272024-02-27T16:13:00.000-08:002024-02-27T20:51:01.731-08:00SPX Forms Hammer, Poised for Bull Flag Bounce...Utilities, Communications Services, Basic Materials Lead Sectors...NCLH, CEG Leads SPX on Positive Earnings Reactions...<div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">© 2024</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: #006600;">+8.65 </span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">opened flat, traded in a range on lighter volume, rallied in
the last two hours of trading to form a hammer in a bull flag price pattern. </span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">NCLH <span style="color: #006600;">+3.16, +19.84%</span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">, <b>CEG <span style="color: #006600;">+22.54, +16.92%</span></b>,
on Tuesday led the <b>SPX</b> on positive earnings reactions.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">PANW <span style="color: #006600;">+11.97, +3.95%</span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">, continued to recover from Wednesday’s <b><span style="color: red;">-29%</span></b><span style="color: red;"> </span>gap down on
lowered guidance. Over the past four
days <b>PANW</b> has recovered <b><span style="color: #006600;">+20.1%.</span></b></span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">After-hours:</span></b><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> A <span style="color: #006600;">+6.45, +4.87%</span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">, <b>FSLR <span style="color: #006600;">+6.91, +4.77%</span></b>,
<b>AXON <span style="color: #006600;">+12.18, +4.48%</span></b>, <b>EBAY <span style="color: #006600;">+1.85, +4.17%</span></b>, <b>SPX</b> components that rose
on positive earnings reaction</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">PCE </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">inflation report<b>
</b>Thursday at 8:30 am ET BMO<b>.</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Mega caps</span><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt;"> META, GOOGL, AAPL, TSLA
</span><span face="Arial, sans-serif" style="font-size: 12pt;">rose and </span><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">MSFT, NVDA, AMZN </span><span face="Arial, sans-serif" style="font-size: 12pt;">fell on Tuesday.</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">SPY</span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt;"> </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">up .94</span></b><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">at <b><span style="color: #0000cc;">506.93</span></b> on 48.7 million shares, below average volume, closed higher
on lower volume. </span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><b>VIX </b></span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: red;">down .31 </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">at</span><span face="Arial, sans-serif" style="font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">13.43</span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">QQQ</span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> up 1.05</span></b><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> </span></b><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">437.60</span></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">DIS, HD, TRV, AAPL </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>DJIA, 16 </b>advancers, +11</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">NCLH, CEG, CCL, AZO, ALB </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>SPX, 313 </b>advancers </span></div><div style="text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">CEG, TTD, AEP, PANW </b><span face="Arial, sans-serif" style="font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 51 </b><span face="Arial, sans-serif" style="font-size: 12pt;">advancers</span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">The two-year trend term is sideways. The
one-year trend is up.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt;">: IWM, QQQ, SPY,</span></b></div><div style="text-align: left;"><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">Down</span><span face="Arial, sans-serif" style="font-size: 12pt;">: <b>DIA,</b></span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">Nine </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">of<b> eleven </b>sectors were up on Tuesday, led by <b>XLU, XLC </b>and
<b>XLB</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The<b> SPY
MFC </b>green line </span><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">turned up </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">at </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">91.1 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">and is </span><u><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">short-term
bullish</span></u><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">: <b> XLK,
XLV, XLI, XLC, XLF, XLP, XLY, XLRE, XLB,</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLU, XLE,</b></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Down trend sectors: </span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">up</span></u></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-month </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-day </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Sideways</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">51 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Tuesday.</b></span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;">66 NDX</span></b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"> </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">CTAS,
ROST, COST, ISRG, REGN, AVGO, META, <span style="color: #006600;">SPLK</span>,
ADP, ADSK, NVDA, AMZN, DASH, LRCX, MSFT, NFLX, CDNS, ORLY, AMAT, ASML, CDW,
FAST, INTU, KLAC, PCAR, ABNB, SNPS, CEG, CSX, DLTR, ODFL, IDXX, NXPI, GEHC,
PAYX, SBUX, ON, QCOM, TTD,<b> </b>EA, FANG, AEP, CTSH, MAR, CCEP,<b> </b>EXC, TMUS,
TXN, AMD, ANSS, CPRT, CRWD, DDOG, FTNT, MDB, MU, AZN, BKR, CSGP, VRTX,<b> </b>LULU,
MRVL, TSLA, ZS, </span><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">MNST,</span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">NDX </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Wednesday:</b></span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 1</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">MNST,</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 3</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">HON, ROP, WDAY,</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Add Comments here:</span></b></div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-52715112798398967892024-02-26T18:14:00.000-08:002024-02-27T14:21:01.526-08:00SPX Closes Lower on Light Volume Trading...Energy, Consumer Discretionary, Technology Lead Sectors...PANW Continues Rebound...<div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">© 2024</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: red;">-19.27 </span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">opened flat, traded in a range on lighter volume and closed
lower in a day one pull back above Thursday’s S-1 level. <b>AMZN</b> did <span style="color: #0000cc;">replace</span>
<b>WBA</b> in the <b>DJIA</b>, <span style="color: #0000cc;">today</span>.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">BRK/B <span style="color: red;">-8.08, -1.94%</span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">, made an all-time today before reversing and closing lower
after reporting strong earnings on Saturday.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">PANW <span style="color: #006600;">+20.69, +7.33%</span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">, continued to recover from Wednesday’s <b><span style="color: red;">-29%</span></b><span style="color: red;"> </span>gap down on
lowered guidance. Over the past three
days <b>PANW</b> has recovered <b><span style="color: #006600;">+15.5%.</span></b></span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">PCE </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">inflation report<b>
</b>Thursday at 8:30 am ET BMO<b>.</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Mega caps</span><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt;"> TSLA, NVDA </span><span face="Arial, sans-serif" style="font-size: 12pt;">rose
and </span><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">AMZN, META, MSFT, AAPL, GOOGL </span><span face="Arial, sans-serif" style="font-size: 12pt;">fell on Monday.</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">SPY</span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt;"> <b>down 1.86 </b></span><span face="Arial, sans-serif" style="font-size: 12pt;">at <b><span style="color: #0000cc;">505.99</span></b> on 50.3 million shares, below average volume, closed lower
on lower volume. </span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><b>VIX </b></span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: red;">down .01 </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">at</span><span face="Arial, sans-serif" style="font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">13.74</span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">QQQ</span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> </span></b><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">down .23 </span></b><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">436.55</span></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">CRM, WMT, AXP, CAT </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>DJIA, 5 </b>advancers, -16</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">PANW, DPZ, FIS, AMAT, STLD </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>SPX, 162 </b>advancers </span></div><div style="text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">PANW, CCEP, MU, TSLA </b><span face="Arial, sans-serif" style="font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 47 </b><span face="Arial, sans-serif" style="font-size: 12pt;">advancers</span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">The two-year trend term is sideways. The
one-year trend is up.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt;">: IWM,</span></b></div><div style="text-align: left;"><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">Down</span><span face="Arial, sans-serif" style="font-size: 12pt;">: <b>QQQ, DIA, SPY,</b></span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">Three </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">of<b> eleven </b>sectors were up on Monday, led by <b>XLE, XLY </b>and
<b>XLK</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The<b> SPY
MFC </b>green line </span><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;">is flat </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">at </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">89 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">and is </span><u><span face=""Arial",sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman"; mso-highlight: yellow;">counter-trend defensive</span></u><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">.</span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></div><div style="text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">: <b> XLK,
XLV, XLI, XLC, XLF, XLP, XLY, XLRE, XLB,</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLU, XLE,</b></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Down trend sectors: </span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">up</span></u></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-month </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-day </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Up</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">47 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Monday.</b></span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;">68 NDX</span></b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"> </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">CTAS,
ROST, COST, ISRG, REGN, AVGO, META, <span style="color: #006600;">SPLK</span>,
ADP, ADSK, NVDA, AMZN, DASH, LRCX, MSFT, NFLX, WDAY, CDNS, ORLY, AMAT, ASML,
CDW, FAST, INTU, KLAC, PCAR, ABNB, SNPS, CEG, CSX, DLTR, ODFL, IDXX, NXPI, GEHC,
PAYX, SBUX, ON, QCOM, TTD,<b> </b>EA, FANG, AEP, CTSH, MAR, ROP, CCEP,<b> </b>EXC,
HON, TMUS, TXN, AMD, ANSS, CPRT, CRWD, DDOG, FTNT, MDB, MU, AZN, BKR, CSGP, VRTX,<b> </b></span><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-ligatures: none;">LULU, MRVL, TSLA, ZS,</span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">NDX </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Tuesday:</b></span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 4</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">LULU, MRVL, TSLA, ZS,</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 3</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">MDLZ, PEP, VRSK,</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Add Comments here:</span></b></div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-11488048280023901652024-02-23T22:18:00.000-08:002024-02-24T22:19:40.109-08:00SPX Inches to All-time Closing High...Utilities, Basic Materials, Industrials Lead Sectors as Technology, Communication Services, Consumer Discretionary Close Lower...NVDA Holds Thursday's Record Gains...<div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">© 2024</span></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: #006600;">+1.77 </span></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">opens slightly higher, traded in a range and inched to a new
all-time closing high. The <b>DJI</b>
also made a new all-time closing high.
The NDX closed lower as the Technology, Communication Services and
Consumer Discretionary sectors closed lower on Friday.</span></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">NVDA <span style="color: #006600;">+2.79, +0.36%</span></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, opened higher, traded in a range, held onto Thursday
record gains and made a new all-time closing high. </span></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">PANW <span style="color: #006600;">+14.27, +5.33%</span></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, recovered slightly from Wednesday’s massive gap down on
lowered guidance.</span></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">AMZN</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;"> will <span style="color: #0000cc;">replace</span> <b>WBA</b> in the <b>DJIA</b>, <span style="color: #0000cc;">on Monday</span>, Feb 26, 2024.</span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Mega caps</span><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt;"> NVDA, AMZN </span><span style="font-family: Arial, sans-serif; font-size: 12pt;">rose
and </span><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;">GOOGL, MSFT, META, AAPL, TSLA </span><span style="font-family: Arial, sans-serif; font-size: 12pt;">fell on Friday.</span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">SPY</span></b><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;"> </span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">up .35</span></b><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">at <b><span style="color: #0000cc;">507.85</span></b> on 61.3 million shares, below average volume, closed
higher on lower volume. </span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><b>VIX </b></span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: red;">down .79 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">at</span><span style="font-family: Arial, sans-serif; font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">13.75</span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">QQQ</span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> </span></b><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">down 1.29 </span></b><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">436.78</span></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">AMGN, JNJ, IBM, WBA </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the <b>DJIA, 21 </b>advancers, -1</span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">PANW, D, ETSY, IRM, HSIC </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the <b>SPX, 336 </b>advancers </span></div><div style="text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">PANW, ZS, CPRT, ADBE </b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 53 </b><span style="font-family: Arial, sans-serif; font-size: 12pt;">advancers</span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">The two-year trend term is sideways. The
one-year trend is up.</span></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">: IWM, DIA, SPY,</span></b></div><div style="text-align: left;"><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;">Down</span><span style="font-family: Arial, sans-serif; font-size: 12pt;">: <b>QQQ,</b></span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">Seven </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">of<b> eleven </b>sectors were up on Friday, led by <b>XLU, XLB </b>and
<b>XLI</b></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The<b> SPY
MFC </b>green line </span><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">turned down </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">at </span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">89 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">and is </span><u><span style="background: yellow; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman"; mso-highlight: yellow;">counter-trend defensive</span></u><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">.</span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></div><div style="text-align: left;"><u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="text-align: left;"><u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">: <b> XLK,
XLV, XLI, XLC, XLF, XLP, XLY, XLRE, XLB,</b></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLU, XLE,</b></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Down trend sectors: </span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">up</span></u></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">3-month </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">3-day </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Up</span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">53 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">on <b>Friday.</b></span></div><div style="text-align: left;"><b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">67 NDX</span></b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">CTAS,
ROST, COST, ISRG, REGN, AVGO, META, <span style="color: #006600;">SPLK</span>,
ADP, ADSK, NVDA, AMZN, DASH, LRCX, MSFT, NFLX, WDAY, CDNS, ORLY, AMAT, ASML,
CDW, FAST, INTU, KLAC, PCAR, ABNB, SNPS, CEG, CSX, DLTR, ODFL, IDXX, NXPI, GEHC,
PAYX, SBUX, ON, QCOM, TTD,<b> </b>EA, FANG, AEP, CTSH, MAR, ROP, CCEP,<b> </b>EXC,
HON, TMUS, TXN, AMD, ANSS, CPRT, CRWD, DDOG, FTNT, MDB, MDLZ, MU, <b>AZN, BKR, CSGP,
PEP, VRSK, VRTX, </b></span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">NDX </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">on <b>Monday:</b></span></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 6</span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">AZN, BKR, CSGP, PEP, VRSK, VRTX,</span></b></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 4</b></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">BKNG, MELI, MRNA, MRVL,</span></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Add Comments here:</span></b></div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-21461155745505285832024-02-22T16:32:00.000-08:002024-02-22T18:40:27.341-08:00SPX All-time Closing High as NVDA Leads SPX, NDX Higher...Technology, Consumer Discretionary, Communication Services Lead Sectors...After-hours: BKNG, MELI Down on Negative EPS Reactions...<div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">© 2024</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: #006600;">+105.23 </span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">opened higher after NVDA’s positive EPS reaction, trended
higher all day and closed higher for its largest daily gain in the past one year and a new all-time closing high.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">NVDA <span style="color: #006600;">+110.66, +16.40%</span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">, reported eps of $5.16 vs. 4.59 estimate a 57-cent beat. Y/Y eps $5.16 vs. 0.88. Revenue, EPS beat and raised guidance. After the past two quarters of
under-responsive reaction, Thursday’s reaction more accurately reflected the
significant growth that NVDA’s AI growth strategy has produced. <b><i><u>The third time appears to be the
charm</u></i></b>!</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">MRNA <span style="color: #006600;">+11.85, +13.53%</span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">, <b>PWR <span style="color: #006600;">+21.71, +10.28%</span> </b>like
NVDA were <b>SPX</b> leaders on positive earnings reactions.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">After-hours</span></b><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">: BKNG <span style="color: red;">-361.99, -9.28%</span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">, <b>MELI <span style="color: red;">-166.83, -9.18%</span></b>,
fell on negative earnings reactions.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">AMZN</span></b><span face="Arial, sans-serif" style="font-size: 12pt;"> will <span style="color: #0000cc;">replace</span> <b>WBA</b> in the <b>DJIA</b>, <span style="color: #0000cc;">next Monday</span>, Feb 26, 2024.</span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Mega caps</span><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt;"> NVDA, META, AMZN,
MSFT, TSLA, AAPL, GOOGL </span><span face="Arial, sans-serif" style="font-size: 12pt;">rose on Thursday.</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">SPY</span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt;"> </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">up 10.29</span></b><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">at <b><span style="color: #0000cc;">507.50</span></b> on 75.9 million shares, average volume, closed higher on higher
volume. </span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><b>VIX </b></span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: red;">down .80 </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">at</span><span face="Arial, sans-serif" style="font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">14.54</span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">QQQ</span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> up 12.46 </span></b><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">438.07</span></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">CRM, V, IBM, MSFT </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>DJIA, 22 </b>advancers, +8</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">NVDA, PWR, RCL, MOS, AVGO </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>SPX, 366 </b>advancers </span></div><div style="text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">NVDA, MRNA, AMD, SNPS </b><span face="Arial, sans-serif" style="font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 81 </b><span face="Arial, sans-serif" style="font-size: 12pt;">advancers</span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">The two-year trend term is sideways. The
one-year trend is up.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt;">: QQQ, SPY, DIA, IWM,</span></b></div><div style="text-align: left;"><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">Down</span><span face="Arial, sans-serif" style="font-size: 12pt;">: </span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">Ten </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">of<b> eleven </b>sectors were up on Thursday, led by <b>XLK, XLY </b>and
<b>XLC</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The<b> SPY
MFC </b>green line is </span><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">pointed up </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">at </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">89.3 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">and is </span><u><span face=""Arial",sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman"; mso-highlight: yellow;">short-term bullish</span></u><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">.</span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></div><div style="text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">: <b> XLK,
XLV, XLI, XLC, XLF, XLP, XLY, XLRE, XLB,</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLU, XLE,</b></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Down trend sectors: </span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">up</span></u></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-month </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-day </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Up</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">81 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Thursday.</b></span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;">65 NDX</span></b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"> </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">CTAS,
ROST, COST, ISRG, REGN, AVGO, META, <span style="color: #006600;">SPLK</span>,
ADP, ADSK, NVDA, AMZN, DASH, LRCX, MSFT, NFLX, WDAY, MELI, CDNS, ORLY, AMAT,
ASML, CDW, FAST, INTU, KLAC, PCAR, ABNB, SNPS, CEG, CSX, BKNG, DLTR, ODFL, IDXX,
NXPI, GEHC, PAYX, SBUX, ON, QCOM, TTD,<b> </b>EA, FANG, AEP, CTSH, MAR, ROP, CCEP,<b>
</b>EXC, HON, TMUS, TXN, <b>AMD, ANSS, CPRT, CRWD, DDOG, FTNT, MDB, MDLZ, MRNA,
MRVL, MU,</b></span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">NDX </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Friday:</b></span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 11</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">AMD, ANSS, CPRT, CRWD, DDOG, FTNT, MDB,
MDLZ, MRNA, MRVL, MU,</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 5</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">ADI, CSGP, KDP, PEP, XEL,</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Add Comments here:</span></b></div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-86506545750902024582024-02-21T22:11:00.000-08:002024-02-21T22:11:15.392-08:00SPX Opens Lower, Closes Slightly Higher on Late Rally....Energy, Utilities, Consumer Discretionary Lead Sectors Higher...After-hours Market Momentum Pivots Higher on NVDA EPS Reaction...<div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="color: black; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="color: black; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">© 2024</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: #006600;">+6.29 </span></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">opened lower after futures moved lower overnight led by PANW
EPS reaction and closed slightly after a rally during the final 45 minutes of
trading. FOMC minutes <b>2 pm ET </b>reflected
no additional insights from the Fed meeting three weeks ago. <b>NVDA <span style="color: red;">-19.80</span></b>
fell in Wednesday trading before reporting EPS after the close.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">PANW <span style="color: red;">-104.12, -28.44%</span></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, on positive earnings and lowered guidance. There was also in sympathy reactions in <b>CRWD</b>
and <b>ZS</b>.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">After-hours</span></b><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">: NVDA <span style="color: #006600;">+61.22, +9.07%</span></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, reported eps of $5.16 vs. 4.59 estimate a 57-cent beat. Y/Y eps $5.16 vs. 0.88. Revenue, EPS beat and raised guidance. After the past two quarters of under-responsive
reaction, it appears that this evening’s after-hours reaction is beginning to more
accurately reflect the significant growth that NVDA strategy has produced. <b><i><u><span style="color: #2b00fe;">Maybe the third time is the charm</span></u></i></b>!</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">AMZN</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;"> will replace <b>WBA</b>
in the <b>DJIA</b>, next Monday, Feb 26, 2024.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Mega caps</span><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt;"> GOOGL, AMZN, TSLA,
AAPL </span><span style="font-family: Arial, sans-serif; font-size: 12pt;">rose and </span><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;">MSFT, META, NVDA </span><span style="font-family: Arial, sans-serif; font-size: 12pt;">fell on Wednesday.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">SPY</span></b><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;"> </span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">up .45</span></b><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">at <b><span style="color: #0000cc;">497.21</span></b> on 59.6 million shares, below average volume, closed higher
on lower volume. </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><b>VIX </b></span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: red;">down .08 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">at</span><span style="font-family: Arial, sans-serif; font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">15.34</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">QQQ</span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> </span></b><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">down 1.71 </span></b><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">425.61</span></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">NKE, DOW, VZ, PG </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the <b>DJIA, 14 </b>advancers, +4</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">EQT, GRMN, CTRA, ALB </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the <b>SPX, 200 </b>advancers </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">EXC, CSGP, ADI, KHC </b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 56 </b><span style="font-family: Arial, sans-serif; font-size: 12pt;">advancers</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">The two-year trend term is sideways. The
one-year trend is up.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">: DIA, SPY,</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;">Down</span><span style="font-family: Arial, sans-serif; font-size: 12pt;">: <b>QQQ, IWM,</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">Nine </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">of<b> eleven </b>sectors were up on Wednesday, led by <b>XLE, XLU </b>and
<b>XLY</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The<b> SPY
MFC </b>green line </span><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">turned up </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">at </span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">87.1 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">and is </span><u><span style="background: yellow; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman"; mso-highlight: yellow;">short-term bullish</span></u><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">.</span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">: <b> XLK,
XLV, XLI, XLC, XLF, XLP, XLY, XLRE, XLB,</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLU, XLE,</b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Down trend sectors: </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">up</span></u></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">3-month </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">3-day </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Down</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">56 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">on <b>Wednesday.</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">59 NDX</span></b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">CTAS,
ROST, COST, ISRG, REGN, AVGO, META, <span style="color: #006600;">SPLK</span>,
ADP, ADSK, NVDA, AMZN, DASH, LRCX, MSFT, NFLX, WDAY, MELI, CDNS, ORLY, AMAT,
ASML, CDW, FAST, INTU, KLAC, PCAR, ABNB, SNPS, CEG, CSX, BKNG, DLTR, ODFL, IDXX,
NXPI, GEHC, PAYX, SBUX, ON, QCOM, TTD,<b> </b>EA, FANG, AEP, CTSH, MAR, ROP, CCEP,<b>
</b>PEP, <b>ADI, CSGP, EXC, HON, KDP, TMUS, TXN, XEL,</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">NDX </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">on <b>Thursday:</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 8</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">ADI, CSGP, EXC, HON, KDP, TMUS, TXN,
XEL,</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 6</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">CRWD, FTNT, MDB, PANW, VRSK, ZS,</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Add Comments here:</span></b></div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-35750188134444375232024-02-20T23:42:00.000-08:002024-02-21T19:31:30.327-08:00SPX Opens Lower, Closes Lower after Futures Mover Lower Monday Evening...Consumer Staples Lead Sectors...FOMC Minutes Wednesday...NVDA Earnings AMC Wednesday...<div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face=""Arial",sans-serif" style="color: black; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face=""Arial",sans-serif" style="color: black; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">© 2024</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: red;">-30.06 </span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">opened lower after futures moved lower overnight and closed
lower on strong selling in <b>NVDA, TSLA</b> and <b>AMD</b>. <b>COF</b> announced an all-stock buyout of <b>DFS</b>.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">WMT <span style="color: #006600;">+5.50</span>, <span style="color: #006600;">+3.23%</span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">, on a
positive earnings reaction and buyout offer for Vizio. Stock split coming next week.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">NVDA <span style="color: red;">-31.61 </span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">traded lower, apparently from profit taking before earnings Wednesday
AMC. This was after Baird raised their price target
to $1,050, Raymond James raised their price target to $850 and HSBC raised
their price target to $835 before the open.
<b><i><u>Will report earnings</u> <span style="color: #0000cc;">Wednesday
AMC</span></i></b>.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><span style="color: #2b00fe;">After-hours</span>: PANW <span style="color: red;">-77.14, -21.07%</span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">, on positive earnings and lowered guidance.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">FOMC minutes </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">2 pm ET on Wednesday</b><span face="Arial, sans-serif" style="font-size: 12pt;">.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">AMZN</span></b><span face="Arial, sans-serif" style="font-size: 12pt;"> will replace <b>WBA</b>
in the <b>DJIA</b>, next Monday, Feb 26, 2024.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Mega caps</span><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt;"> GOOGL </span><span face="Arial, sans-serif" style="font-size: 12pt;">rose and </span><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">MSFT, META, AAPL, AMZN, TSLA, NVDA </span><span face="Arial, sans-serif" style="font-size: 12pt;">fell on Tuesday.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">SPY</span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt;"> <b>down 2.75 </b></span><span face="Arial, sans-serif" style="font-size: 12pt;">at <b><span style="color: #0000cc;">496.76</span></b> on 71.7 million shares, average volume, closed lower on lower
volume. </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><b>VIX </b></span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #006600;">up .71</span><span style="color: red;"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">at</span><span face="Arial, sans-serif" style="font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">15.42</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">QQQ</span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> </span></b><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">down 3.25 </span></b><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">427.32</span></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">WMT, INTC, KO, WBA </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>DJIA, 14 </b>advancers, +4</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">DFS, CAG, BBWI, UAL </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>SPX, 200 </b>advancers </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">KHC, GFS, DLTR, MDLZ </b><span face="Arial, sans-serif" style="font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 39 </b><span face="Arial, sans-serif" style="font-size: 12pt;">advancers</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">The two-year trend term is sideways. The
one-year trend is up.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt;">: </span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">Down</span><span face="Arial, sans-serif" style="font-size: 12pt;">: <b>DIA, SPY, QQQ, IWM,</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">One </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">of<b> eleven </b>sectors was up on Tuesday, led by <b>XLP, XLU </b>and
<b>XLC.</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The<b> SPY
MFC </b>green line is </span><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;">pointed down </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">at </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">85.6 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">and is </span><u><span face=""Arial",sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman"; mso-highlight: yellow;">counter-trend defensive</span></u><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">.</span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">: <b> XLK,
XLV, XLI, XLC, XLF, XLP, XLY, XLRE, XLB,</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLU, XLE,</b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Down trend sectors: </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">up</span></u></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-month </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-day </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Sideways</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">39 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Tuesday.</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;">57 NDX</span></b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"> </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">CRWD,
CTAS, ROST, COST, ZS, ISRG, REGN, AVGO, FTNT, META, <span style="color: #006600;">SPLK</span>,
ADP, ADSK, NVDA, AMZN, DASH, LRCX, MSFT, NFLX, WDAY, PANW, MELI, CDNS, ORLY,
VRSK, AMAT, ASML, CDW, FAST, INTU, KLAC, PCAR, ABNB, SNPS, CEG, CSX, MDB, BKNG,
DLTR, ODFL, IDXX, NXPI, GEHC, PAYX, SBUX, ON, QCOM, TTD,<b> </b>EA, FANG, AEP, CTSH,
MAR, ROP, CCEP, </span><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">PEP,</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">NDX </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Wednesday:</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 1</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">PEP,</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 4</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">AMD, CPRT, DDOG, ILMN,</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Add Comments here:</span></b></div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-84728461641325980472024-02-16T21:47:00.000-08:002024-02-17T21:57:45.825-08:00SPX Closed Lower After PPI > Expectations, Stays > 5,000...Basic Materials, Health Care, Consumer Staples Lead Sectors...Monday Closed for Washington's Birthday, Have a Great 3-day Weekend...<div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">© 2024</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Markets closed on Monday </span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">for </span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Washington’s Birthday</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;"> commonly referred to as President’s Day. </span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Enjoy the three-day weekend!</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: red;">-24.16 </span></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">opened lower after <b>PPI</b> <i><u>higher than expected</u></i>
M/M 0.3% vs 0.1% est., Y/Y 0.9% vs 0.7% est. <b>Housing starts</b> <i><u>lower than
expected</u></i> 1.331M vs 1.470M est. </span><span style="font-family: Arial, sans-serif; font-size: 12pt;">and makes another </span><i style="font-family: Arial, sans-serif; font-size: 12pt;"><u>new all-time closing high</u></i><span style="font-family: Arial, sans-serif; font-size: 12pt;">.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">The </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">SPX</b><span style="font-family: Arial, sans-serif; font-size: 12pt;"> closed above Thursday’s low and above 5,000
again, forming a bull flag bounce pause.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">NVDA <span style="color: red;">-0.45 </span></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">traded higher after Loop Capital initiated with a Buy and a
$1,200 price target. Wedbush raised
their price target to $800 and Oppenheimer raised their price target to $850. </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">TTD <span style="color: #006600;">+13.22</span>, <span style="color: #006600;">+17.46%</span></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, <b>AMAT
<span style="color: #006600;">+11.91</span>, <span style="color: #006600;">+6.35%</span></b>,
on positive earnings reactions.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">First day reaction</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">: Q4 as of Friday, day 25 of Q4 earnings season.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Positive</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">: <b>AMAT, VMC</b>, BIO, IR, </span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">ZBRA</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">,
CBRE, CPAM, TRGP, EQIX, </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">OXY,
AWK, ACGL, ALB, </span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">IQV, CRL, </span></b><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">DVA, WELL, </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">ES,
CME, MLM, GPN, <b>WM, LDOS, HWM </b>INCY, TRMB, FE, <b><span style="color: #006600;">RL,
DIS</span></b>, <b>TPR, NWSA, WYN, MOH, </b>ICE, EFX,
HSY, MAS, BAX, K, GL, ALL, COP, <b><span style="color: #006600;">ENPH,
EMR, </span>CMG, F, PRU, </b>VLTO, AIZ, FTNT, JKHY, CVS, CDW, AMCR YUM, IEX, <b><span style="color: #006600;">GEHC</span></b>, <b>DD, WTW</b>,
SPG, XYL, CMI, LIN, J, WAT, CNC, <b><span style="color: #006600;">EL, </span>ON,
IDXX, </b>TSN, CAT, <b><span style="color: #006600;">META, </span>AMZN, CLX, GWW,
CI, </b>HIG, CVX, CPT, <b><span style="color: #006600;">CTVA, </span>PH, ETN, TT,
BALL, QRVO, </b>MRK, TSCO, DOV, MO, CMS, ALGN, RVTY, BDX, WEC, <b>SYK, COR, BA</b>, FTV,
ADP, BSX, MTCH, EQR, PSX, <b>MSCI. GM, SYY, NUE, GLW, MPC, HCA, </b>DHR, HUBB, <b>AXP,
</b>COF, LHX, CL, <b><span style="color: #006600;">URI</span>, <span style="color: #006600;">AAL</span>, IBM, RMD, WRB, </b>CCI,
MKC, PKG, DOW, CMCSA, VLO, BX, LRCX, STX, CSX, NEE, RJF, XEL, LVS, <b><span style="color: #006600;">NFLX</span>, TXT, TEL</b>, GD, FCX, APH, <b>VZ, RTX, UAL, </b>BRO, PG, PCAR, HAL, <b>TRV</b>, RF, HBAN, FITB, SLB, STT, <b>FAST</b>, JBHT, MTB, CFG,
BK, C = 160</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Neutral</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">: PPL, LNT, TYL, GPC, INVH,
GNRC, WAB, PFG, FRT, KO, MSI, MHK, CTLT, MAA, KIM, TROW, DTE, HLT, UBER, ATO,
DAY, UDR, CTSH, NXPI, LLY, AME, L, ABBV, BMY, XOM, AAPL, RCL, AVB, PTC, DGX,
MA, CB, SWKS, EA, JNPR, AVY, FFIV, NVR, PHM, PNR, BEN, TMUS, WY, SHW, AMP, NOW,
UNP, STLD, ELV, ISRG, SYF, GE, CMA, TFC, GS, PNC, BLK, JPM = 63</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Negative</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">: <b>DLR</b>, ED, </span><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">WST</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, HBI, ROL, DE, </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">VTR, LH, CSCO, SO, <b>AKAM, MGM, KHC, </b>EQT,
WMB, ABNB, AIG, <b>MCO, ZTS, MAR, ANET, </b>CDNS, HAS, TAP, EXPE, TTWO, DXCM,
MTD, ILMN, PEAK, PEP, REG, VRSN, </span><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">PYPL</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, SINA, FLT, EG, BWA,
KVUE, SPGI, </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">MCK, ORLY, ZBH, DUK, PM,
STE, PAYC, TDG, IPG, <b>VFC, FOXA, AMGN, </b>CINF, GILD, OMC, BF, EW, ESS, </span><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">FMC</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, CARR, VRTX, FI, IT, </span><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">APD</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, MCD, </span><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">CHTR, GEN</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">EMN, HOLX, AON, CHD, LYB, MCHP, REGN, CBOE, </span><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">CHRW, </span></b><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">AFL,
MET, </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">QCOM, IP, CAH, WRK, TECH, HON, ITW,
SWK, BR, <b><span style="color: red;">MKTX,
ROK, </span>TER, <i>GOOGL</i>, APTV, BXP, </b>TMO, ROP, <i>MSFT</i>, AMD, RHI,
HES, OTIS, MDLZ, ODFL, NDAQ, SBUX, <b>UPS, WHR, </b>ARE, JCI, AOS, PFE, <b><span style="color: red;">INTC</span>, FICO, KLAC, </b>WDC,
AJG, V, NSC, <b><span style="color: red;">TSLA</span>, <span style="color: red;">HUM</span>, NOC, </b>MMC, LUV, <b>KMB,<span style="color: red;"> </span>TDY, </b>BKR, T, ABT, TXN, <b><span style="color: red;">MMM</span>, DHI, IVZ, </b>LMT, JNJ, ZION,<b> </b>PPG, <b><span style="color: red;">DFS</span></b>, KEY, NTRS, KMI,
PLD, USB, SCHW, MS, <b>DAL,</b> UNH, WFC, BAC, = 147</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Mega caps </span><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;">NVDA, AMZN, TSLA, MSFT, AAPL,
GOOGL, META </span><span style="font-family: Arial, sans-serif; font-size: 12pt;">fell on Friday.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">SPY</span></b><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;"> <b>down 2.50 </b></span><span style="font-family: Arial, sans-serif; font-size: 12pt;">at <b><span style="color: #0000cc;">499.51</span></b> on 75.5 million shares, average volume, closed lower on higher
volume. </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">VIX </b><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #006600;">up .23</span><span style="color: red;"> </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">at</span><span style="font-family: Arial, sans-serif; font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">14.24</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">QQQ</span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> </span></b><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">down 3.94 </span></b><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">430.57</span></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">MRK, WMT, DOW, IBM </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the <b>DJIA, 10 </b>advancers, -14</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">AMAT, VMC, DG, ALB, TRPG </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the <b>SPX, 168 </b>advancers </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">TTD, AMAT, AZN, KLAC </b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 18 </b><span style="font-family: Arial, sans-serif; font-size: 12pt;">advancers</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">The two-year trend term is sideways. The
one-year trend is up.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">: </span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;">Down</span><span style="font-family: Arial, sans-serif; font-size: 12pt;">: <b>DIA, SPY, QQQ, IWM,</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">Three </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">of<b> eleven </b>sectors were up on Friday, led by the <b>XLB, XLV
</b>and <b>XLP.</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The<b> SPY
MFC </b>green line is </span><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">pointed down </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">at </span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">87.9 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">and is </span><u><span style="background: yellow; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman"; mso-highlight: yellow;">counter-trend defensive</span></u><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">.</span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">: <b> XLK,
XLV, XLI, XLC, XLF, XLP, XLY, XLRE, XLB,</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLU, XLE,</b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Down trend sectors: </span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">up</span></u></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">.</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">3-month </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">3-day </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Up</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">18 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">on <b>Friday.</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">60 NDX</span></b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">CRWD,
CTAS, ROST, AMD, COST, ZS, ISRG, REGN, AVGO, FTNT, META, <span style="color: #006600;">SPLK</span>, ADP, ADSK, NVDA, AMZN, DASH, DDOG, LRCX,
MSFT, NFLX, WDAY, PANW, MELI, CDNS, ORLY, VRSK, AMAT, ASML, CDW, FAST, INTU,
KLAC, PCAR, ABNB, SNPS, CEG, CSX, MDB, BKNG, CPRT, DLTR, ODFL, IDXX, NXPI, GEHC,
PAYX, SBUX, ON, QCOM, TTD,<b> </b>EA, FANG, AEP, CTSH, ILMN, MAR, ROP, <b>CCEP,</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">NDX </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">on <b>Tuesday:</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 1</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">CCEP,</span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 1</b></span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">MRVL,</span></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="line-height: normal; margin-bottom: 0in; text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Add Comments here:</span></b> </div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-29729250247598137912024-02-15T15:57:00.000-08:002024-02-15T15:57:47.525-08:00SPX Opens Higher and makes an All-time Closing High...Energy, Real Estate, Basic Materials Lead Sectors...After-hours: AMAT Up on Positive Earnings Reaction... <div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">© 2024</span></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: #006600;">+29.11 </span></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">opens higher and makes another <i><u>new all-time closing
high</u></i>. A bull flag bounce
continuation. The <b>SPX</b> closes
above 5,000 for the fourth time. Before
the open, the <b>Retail Sales</b> report was <b>-0.8% vs. -0.1%</b> consensus, <i><u>below
expectations</u></i>. Futures rallied,
as bad news was perceived as good. </span></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">NVDA <span style="color: red;">-12.42 </span></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">pulled back after hitting a new closing on Wednesday. </span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">After-hours: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">AMAT <span style="color: #006600;">+22.34</span>,
<span style="color: #006600;">+11.90%</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, a positive earnings reaction.</span></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Friday</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;"> <b><span style="color: #0000cc;">BMO:</span></b> <b>PPL, VMC</b>…<b><span style="color: #0000cc;">AMC:</span></b></span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">First day reaction</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">: Q4 as of Thursday, day 24 of Q4 earnings
season.</span></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Positive</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">: </span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">ZBRA</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, CBRE, CPAM, TRGP, EQIX, </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">OXY, AWK, ACGL, ALB, </span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">IQV, CRL, </span></b><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">DVA, WELL, </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">ES,
CME, MLM, GPN, <b>WM, LDOS, HWM </b>INCY, TRMB, FE, <b><span style="color: #006600;">RL,
DIS</span></b>, <b>TPR, NWSA, WYN, MOH, </b>ICE, EFX,
HSY, MAS, BAX, K, GL, ALL, COP, <b><span style="color: #006600;">ENPH,
EMR, </span>CMG, F, PRU, </b>VLTO, AIZ, FTNT, JKHY, CVS, CDW, AMCR YUM, IEX, <b><span style="color: #006600;">GEHC</span></b>, <b>DD, WTW</b>,
SPG, XYL, CMI, LIN, J, WAT, CNC, <b><span style="color: #006600;">EL, </span>ON,
IDXX, </b>TSN, CAT, <b><span style="color: #006600;">META, </span>AMZN, CLX, GWW,
CI, </b>HIG, CVX, CPT, <b><span style="color: #006600;">CTVA, </span>PH, ETN, TT,
BALL, QRVO, </b>MRK, TSCO, DOV, MO, CMS, ALGN, RVTY, BDX, WEC, <b>SYK, COR, BA</b>, FTV,
ADP, BSX, MTCH, EQR, PSX, <b>MSCI. GM, SYY, NUE, GLW, MPC, HCA, </b>DHR, HUBB, <b>AXP,
</b>COF, LHX, CL, <b><span style="color: #006600;">URI</span>, <span style="color: #006600;">AAL</span>, IBM, RMD, WRB, </b>CCI,
MKC, PKG, DOW, CMCSA, VLO, BX, LRCX, STX, CSX, NEE, RJF, XEL, LVS, <b><span style="color: #006600;">NFLX</span>, TXT, TEL</b>, GD, FCX, APH, <b>VZ, RTX, UAL, </b>BRO, PG, PCAR, HAL, <b>TRV</b>, RF, HBAN, FITB, SLB, STT, <b>FAST</b>, JBHT, MTB, CFG,
BK, C = 156</span></div><div style="text-align: left;"><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Neutral</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">: TYL, GPC, INVH, GNRC,
WAB, PFG, FRT, KO, MSI, MHK, CTLT, MAA, KIM, TROW, DTE, HLT, UBER, ATO, DAY,
UDR, CTSH, NXPI, LLY, AME, L, ABBV, BMY, XOM, AAPL, RCL, AVB, PTC, DGX, MA, CB,
SWKS, EA, JNPR, AVY, FFIV, NVR, PHM, PNR, BEN, TMUS, WY, SHW, AMP, NOW, UNP,
STLD, ELV, ISRG, SYF, GE, CMA, TFC, GS, PNC, BLK, JPM = 61</span></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Negative</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">: </span><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">WST</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, HBI, ROL, DE, </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">VTR, LH, CSCO, SO, <b>AKAM, MGM, KHC, </b>EQT,
WMB, ABNB, AIG, <b>MCO, ZTS, MAR, ANET, </b>CDNS, HAS, TAP, EXPE, TTWO, DXCM,
MTD, ILMN, PEAK, PEP, REG, VRSN, </span><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">PYPL</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, SINA, FLT, EG, BWA,
KVUE, SPGI, </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">MCK, ORLY, ZBH, DUK, PM,
STE, PAYC, TDG, IPG, <b>VFC, FOXA, AMGN, </b>CINF, GILD, OMC, BF, EW, ESS, </span><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">FMC</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, CARR, VRTX, FI, IT, </span><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">APD</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, MCD, </span><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">CHTR, GEN</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">EMN, HOLX, AON, CHD, LYB, MCHP, REGN, CBOE, </span><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">CHRW, </span></b><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">AFL,
MET, </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">QCOM, IP, CAH, WRK, TECH, HON, ITW,
SWK, BR, <b><span style="color: red;">MKTX,
ROK, </span>TER, <i>GOOGL</i>, APTV, BXP, </b>TMO, ROP, <i>MSFT</i>, AMD, RHI,
HES, OTIS, MDLZ, ODFL, NDAQ, SBUX, <b>UPS, WHR, </b>ARE, JCI, AOS, PFE, <b><span style="color: red;">INTC</span>, FICO, KLAC, </b>WDC,
AJG, V, NSC, <b><span style="color: red;">TSLA</span>, <span style="color: red;">HUM</span>, NOC, </b>MMC, LUV, <b>KMB,<span style="color: red;"> </span>TDY, </b>BKR, T, ABT, TXN, <b><span style="color: red;">MMM</span>, DHI, IVZ, </b>LMT, JNJ, ZION,<b> </b>PPG, <b><span style="color: red;">DFS</span></b>, KEY, NTRS, KMI,
PLD, USB, SCHW, MS, <b>DAL,</b> UNH, WFC, BAC, = 145</span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Mega caps </span><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt;">TSLA, META </span><span style="font-family: Arial, sans-serif; font-size: 12pt;">rose
and</span><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;"> AAPL, AMZN, MSFT, NVDA, GOOGL </span><span style="font-family: Arial, sans-serif; font-size: 12pt;">fell on Thursday.</span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">SPY</span></b><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;"> </span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">up 3.44</span></b><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">at <b><span style="color: #0000cc;">502.01</span></b> on 61.5 million shares, below average volume, closed higher
on lower volume. </span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><b>VIX </b></span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: red;">down .37 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">at</span><span style="font-family: Arial, sans-serif; font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">14.01</span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">QQQ</span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> up 1.29</span></b><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> </span></b><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">434.51</span></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">WBA, CVX, DOW, JPM </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the <b>DJIA, 24 </b>advancers, +5</span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">ZBRA, CBRE, EPAM, WFC </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the <b>SPX, 415 </b>advancers </span></div><div style="text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">ABNB, TSLA, MRNA, DASH </b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 65 </b><span style="font-family: Arial, sans-serif; font-size: 12pt;">advancers.</span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">The two-year trend term is sideways. The
one-year trend is up.</span></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">: IWM, DIA, SPY, QQQ,</span></b></div><div style="text-align: left;"><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;">Down</span><span style="font-family: Arial, sans-serif; font-size: 12pt;">: </span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">Ten </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">of<b> eleven </b>sectors were up on Thursday, led by the <b>XLE,
XLRE </b>and <b>XLB.</b></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The<b> SPY
MFC </b>green line is </span><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">pointed down </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">at </span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">89.8 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">and is </span><u><span style="background: yellow; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman"; mso-highlight: yellow;">counter-trend defensive</span></u><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">.</span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></div><div style="text-align: left;"><u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="text-align: left;"><u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">: <b> XLK,
XLV, XLI, XLC, XLF, XLP, XLY, XLRE, XLB,</b></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLU, XLE,</b></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Down trend sectors: </span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">up</span></u></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">3-month </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">3-day </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Sideways</span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">65 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">on <b>Thursday.</b></span></div><div style="text-align: left;"><b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">60 NDX</span></b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">CRWD,
CTAS, ROST, AMD, COST, ZS, ISRG, REGN, AVGO, MRVL, FTNT, META, <span style="color: #006600;">SPLK</span>, ADP, ADSK, NVDA, AMZN, DASH, DDOG, LRCX,
MSFT, NFLX, WDAY, PANW, MELI, CDNS, ORLY, VRSK, AMAT, ASML, CDW, FAST, INTU,
KLAC, PCAR, ABNB, SNPS, CEG, CSX, MDB, BKNG, CPRT, DLTR, ODFL, IDXX, NXPI, GEHC,
PAYX, SBUX, ON, QCOM, TTD,<b> </b>EA, FANG, AEP, CTSH, ILMN, <b>MAR, ROP,</b></span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">NDX </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">on <b>Friday:</b></span></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 2</span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">MAR, ROP,</span></b></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 1</b></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">GOOGL,</span></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Add Comments here:</span></b></div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-20448104803403991812024-02-14T22:36:00.000-08:002024-02-14T22:36:05.132-08:00SPX Bounces Moves Above the High of the Low Day...Industrials, Communication Services, Consumer Discretionary Lead Sectors...<div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">© 2024</span></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-ligatures: none;">The SPX <span style="color: #006600;">+47.45 </span></span></b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-font-kerning: 0pt; mso-ligatures: none;">opens
higher and closes above the high of the low day in a one-day bull flag bounce. The SPX closes above 5,000 for the third time
in the last four days.</span></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">NVDA <span style="color: #006600;">+17.72 </span></span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">at <b><i><u>a new all-time closing high</u></i></b> of <b><span style="color: #0000cc;">739.00</span></b>.
Susquehanna raised its price target to $850.</span></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Thursday</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;"> <b><span style="color: #0000cc;">BMO:</span></b> <b>CBRE, DE, EPAM, GPC, HBI, LH, SO,
TRGP, WST, ZBRA</b>…<b><span style="color: #0000cc;">AMC:</span></b> <b>AMAT,
BIO, DLR, ED, IR, LNT</b>.</span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">First day reaction</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">: Q4 as of Wednesday, day 23 of Q4 earnings
season.</span></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Positive</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">: </span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">IQV, CRL, </span></b><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">DVA, WELL, </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">ES,
CME, MLM, GPN, <b>WM, LDOS, HWM </b>INCY, TRMB, FE, <b><span style="color: #006600;">RL,
DIS</span></b>, <b>TPR, NWSA, WYN, MOH, </b>ICE, EFX,
HSY, MAS, BAX, K, GL, ALL, COP, <b><span style="color: #006600;">ENPH,
EMR, </span>CMG, F, PRU, </b>VLTO, AIZ, FTNT, JKHY, CVS, CDW, AMCR YUM, IEX, <b><span style="color: #006600;">GEHC</span></b>, <b>DD, WTW</b>,
SPG, XYL, CMI, LIN, J, WAT, CNC, <b><span style="color: #006600;">EL, </span>ON,
IDXX, </b>TSN, CAT, <b><span style="color: #006600;">META, </span>AMZN, CLX, GWW,
CI, </b>HIG, CVX, CPT, <b><span style="color: #006600;">CTVA, </span>PH, ETN, TT,
BALL, QRVO, </b>MRK, TSCO, DOV, MO, CMS, ALGN, RVTY, BDX, WEC, <b>SYK, COR, BA</b>, FTV,
ADP, BSX, MTCH, EQR, PSX, <b>MSCI. GM, SYY, NUE, GLW, MPC, HCA, </b>DHR, HUBB, <b>AXP,
</b>COF, LHX, CL, <b><span style="color: #006600;">URI</span>, <span style="color: #006600;">AAL</span>, IBM, RMD, WRB, </b>CCI,
MKC, PKG, DOW, CMCSA, VLO, BX, LRCX, STX, CSX, NEE, RJF, XEL, LVS, <b><span style="color: #006600;">NFLX</span>, TXT, TEL</b>, GD, FCX, APH, <b>VZ, RTX, UAL, </b>BRO, PG, PCAR, HAL, <b>TRV</b>, RF, HBAN, FITB, SLB, STT, <b>FAST</b>, JBHT, MTB, CFG,
BK, C = 147</span></div><div style="text-align: left;"><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Neutral</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">: INVH, GNRC, WAB, PFG,
FRT, KO, MSI, MHK, CTLT, MAA, KIM, TROW, DTE, HLT, UBER, ATO, DAY, UDR, CTSH,
NXPI, LLY, AME, L, ABBV, BMY, XOM, AAPL, RCL, AVB, PTC, DGX, MA, CB, SWKS, EA,
JNPR, AVY, FFIV, NVR, PHM, PNR, BEN, TMUS, WY, SHW, AMP, NOW, UNP, STLD, ELV,
ISRG, SYF, GE, CMA, TFC, GS, PNC, BLK, JPM = 59</span></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Negative</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">: <b>AKAM, MGM, KHC, </b>EQT, WMB, ABNB, AIG, <b>MCO, ZTS, MAR,
ANET, </b>CDNS, HAS, TAP, EXPE, TTWO, DXCM, MTD, ILMN, PEAK, PEP, REG, VRSN, </span><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">PYPL</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, SINA, FLT, EG, BWA, KVUE, SPGI, </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">MCK, ORLY, ZBH, DUK, PM, STE, PAYC, TDG, IPG, <b>VFC,
FOXA, AMGN, </b>CINF, GILD, OMC, BF, EW, ESS, </span><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">FMC</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, CARR, VRTX, FI, IT, </span><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">APD</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, MCD, </span><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">CHTR, GEN</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">, </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">EMN, HOLX, AON, CHD,
LYB, MCHP, REGN, CBOE, </span><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">CHRW, </span></b><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">AFL, MET, </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">QCOM,
IP, CAH, WRK, TECH, HON, ITW, SWK, BR, <b><span style="color: red;">MKTX, ROK, </span>TER, <i>GOOGL</i>, APTV, BXP, </b>TMO, ROP,
<i>MSFT</i>, AMD, RHI, HES, OTIS, MDLZ, ODFL, NDAQ, SBUX, <b>UPS, WHR, </b>ARE, JCI,
AOS, PFE, <b><span style="color: red;">INTC</span>,
FICO, KLAC, </b>WDC, AJG, V, NSC, <b><span style="color: red;">TSLA</span>, <span style="color: red;">HUM</span>, NOC, </b>MMC, LUV, <b>KMB,<span style="color: red;"> </span>TDY,
</b>BKR, T, ABT, TXN, <b><span style="color: red;">MMM</span>, DHI, IVZ, </b>LMT, JNJ,
ZION,<b> </b>PPG, <b><span style="color: red;">DFS</span></b>, KEY, NTRS, KMI, PLD, USB, SCHW, MS, <b>DAL,</b> UNH, WFC,
BAC, = 137</span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Mega caps </span><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt;">META, TSLA, NVDA,
AMZN, MSFT, GOOGL </span><span style="font-family: Arial, sans-serif; font-size: 12pt;">rose and</span><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;"> AAPL </span><span style="font-family: Arial, sans-serif; font-size: 12pt;">fell on Wednesday.</span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">SPY</span></b><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;"> </span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">up 4.49</span></b><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">at <b><span style="color: #0000cc;">498.57</span></b> on 68.2 million shares, just below average volume, closed higher
on lower volume. </span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><b>VIX </b></span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: red;">down 1.47 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">at</span><span style="font-family: Arial, sans-serif; font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">14.38</span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">QQQ</span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> up 4.67</span></b><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> </span></b><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">433.22</span></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">CRM, INTC, CSCO, NKE </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the <b>DJIA, 19 </b>advancers, +14</span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">UBER, IQV, CRL, DVA </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the <b>SPX, 386 </b>advancers </span></div><div style="text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">ILMN, NFLX, ZS, AMD </b><span style="font-family: Arial, sans-serif; font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 80 </b><span style="font-family: Arial, sans-serif; font-size: 12pt;">advancers.</span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">The two-year trend term is sideways. The
one-year trend is up.</span></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">: IWM, QQQ, SPY, DIA,</span></b></div><div style="text-align: left;"><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt;">Down</span><span style="font-family: Arial, sans-serif; font-size: 12pt;">: </span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt;">Nine </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt;">of<b> eleven </b>sectors were up on Wednesday, led by the <b>XLI,
XLC </b>and <b>XLY.</b></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The<b> SPY
MFC </b>green line is </span><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">pointed down </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">at </span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">90.4 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">and is </span><u><span style="background: yellow; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman"; mso-highlight: yellow;">counter-trend defensive</span></u><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="text-align: left;"><u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">: <b> XLK,
XLV, XLI, XLC, XLF, XLP, XLY, XLRE, XLB,</b></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLU, XLE,</b></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Down trend sectors: </span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">up</span></u></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">3-month </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">3-day </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Down a little</span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">80 </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">on <b>Wednesday.</b></span></div><div style="text-align: left;"><b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">59 NDX</span></b><span style="background: yellow; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">CRWD,
CTAS, ROST, AMD, COST, ZS, ISRG, REGN, AVGO, MRVL, FTNT, META, <span style="color: #006600;">SPLK</span>, ADP, ADSK, NVDA, AMZN, DASH, DDOG, LRCX,
MSFT, NFLX, WDAY, PANW, MELI, CDNS, ORLY, VRSK, AMAT, ASML, CDW, FAST, INTU,
KLAC, PCAR, ABNB, SNPS, CEG, CSX, MDB, BKNG, CPRT, DLTR, ODFL, GOOGL, IDXX,
NXPI, GEHC, PAYX, SBUX, ON, QCOM, TTD,<b> </b>EA, FANG, AEP, <b>CTSH, ILMN,</b></span></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">NDX </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span style="color: #0000cc; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">on <b>Thursday:</b></span></div><div style="text-align: left;"><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span style="color: #006600; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;"> </span></b><b><span style="color: #006600; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 2</span></b></div><div style="text-align: left;"><b><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">CTSH, ILMN,</span></b></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: red; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span style="color: red; font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 1</b></span></div><div style="text-align: left;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">PEP,</span></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span style="color: #000099; font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Add Comments here:</span></b></div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-83846430969419717012024-02-13T21:05:00.000-08:002024-02-14T21:44:20.031-08:00SPX Opens Lower and Closes Lower after CPI report is Higher than Expected...All Sectors Move Lower...NVDA Closes Slightly Lower...<div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">© 2024</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: red;">-68.67</span>,<span style="color: #006600;"> </span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">after
the CPI report came in higher than expected.
The <b>SPX</b> closed<i><u> below
5,000</u> on Tuesday. </i></span><span face="Arial, sans-serif" style="font-size: 12pt;">The </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">CME Fed Watch Tool</b><span face="Arial, sans-serif" style="font-size: 12pt;"> probabilities for
a </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><i>May rate cut</i></b><span face="Arial, sans-serif" style="font-size: 12pt;"> dropped from a </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">52.2%</b><span face="Arial, sans-serif" style="font-size: 12pt;"> probability yesterday
to </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">35.3%</b><span face="Arial, sans-serif" style="font-size: 12pt;"> today.</span><span face="Arial, sans-serif" style="font-size: 12pt;"> </span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">NVDA <span style="color: red;">-1.20 </span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">closed slightly lower at <b><span style="color: #0000cc;">721.28</span></b>. </span><span face="Arial, sans-serif" style="font-size: 12pt;">UBS raised its price target to $850 and Mizuho raised its
price target to $825.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Wednesday</span></b><span face="Arial, sans-serif" style="font-size: 12pt;"> <b><span style="color: #0000cc;">BMO:</span></b> <b>CME, CRL, GNRC, GPN, IQV, KHC, MLM,
WAB, WMB</b>…<b><span style="color: #0000cc;">AMC:</span></b> <b>ACGL, ALB, AWK,
CSCO, EQIX OXY, ROL, TYL, VTR</b>.</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">First day reaction</span></b><span face="Arial, sans-serif" style="font-size: 12pt;">: Q4 as of Tuesday, day 22 of Q4 earnings season.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Positive</span></b><span face="Arial, sans-serif" style="font-size: 12pt;">: <b>WM, LDOS, HWM </b>INCY, TRMB, FE, </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">RL, DIS</span></b><span face="Arial, sans-serif" style="font-size: 12pt;">, <b>TPR, NWSA, WYNN, MOH, </b>ICE, EFX, HSY, MAS, BAX, K, GL,
ALL, COP, </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">ENPH, EMR, </span></b><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">CMG, F, PRU, </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">VLTO,
AIZ, FTNT, JKHY, CVS, CDW, AMCR YUM, IEX, <b><span style="color: #006600;">GEHC</span></b>, <b>DD, WTW</b>, SPG, XYL, CMI, LIN, J, WAT, CNC, <b><span style="color: #006600;">EL, </span>ON, IDXX, </b>TSN, CAT, <b><span style="color: #006600;">META, </span>AMZN, CLX, GWW, CI, </b>HIG, CVX, CPT, <b><span style="color: #006600;">CTVA, </span>PH, ETN, TT, BALL, QRVO, </b>MRK, TSCO, DOV,
MO, CMS, ALGN, RVTY, BDX, WEC, <b>SYK, COR, BA</b>, FTV, ADP, BSX, MTCH, EQR, PSX, <b>MSCI. GM, SYY, NUE,
GLW, MPC, HCA, </b>DHR, HUBB, <b>AXP, </b>COF, LHX, CL, <b><span style="color: #006600;">URI</span>, <span style="color: #006600;">AAL</span>, IBM, RMD, WRB, </b>CCI, MKC, PKG, DOW, CMCSA, VLO, BX, LRCX, STX, CSX, NEE,
RJF, XEL, LVS, <b><span style="color: #006600;">NFLX</span>, TXT, TEL</b>, GD, FCX,
APH, <b>VZ, RTX, UAL, </b>BRO, PG, PCAR, HAL, <b>TRV</b>, RF, HBAN, FITB, SLB, STT, <b>FAST</b>, JBHT, MTB, CFG,
BK, C = 139</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Neutral</span></b><span face="Arial, sans-serif" style="font-size: 12pt;">: PFG, FRT, KO, MSI, MHK,
CTLT, MAA, KIM, TROW, DTE, HLT, UBER, ATO, DAY, UDR, CTSH, NXPI, LLY, AME, L,
ABBV, BMY, XOM, AAPL, RCL, AVB, PTC, DGX, MA, CB, SWKS, EA, JNPR, AVY, FFIV,
NVR, PHM, PNR, BEN, TMUS, WY, SHW, AMP, NOW, UNP, STLD, ELV, ISRG, SYF, GE,
CMA, TFC, GS, PNC, BLK, JPM = 56</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Negative</span></b><span face="Arial, sans-serif" style="font-size: 12pt;">: <b>MCO, ZTS, MAR, ANET, </b>CDNS, HAS, TAP, EXPE, TTWO, DXCM,
MTD, ILMN, PEAK, PEP, REG, VRSN, </span><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">PYPL</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt;">, SINA, FLT, EG, BWA,
KVUE, SPGI, </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">MCK, ORLY, ZBH, DUK, PM,
STE, PAYC, TDG, IPG, <b>VFC, FOXA, AMGN, </b>CINF, GILD, OMC, BF, EW, ESS, </span><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">FMC</span></b><span face="Arial, sans-serif" style="font-size: 12pt;">, CARR, VRTX, FI, IT, </span><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">APD</span></b><span face="Arial, sans-serif" style="font-size: 12pt;">, MCD, </span><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">CHTR, GEN</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt;">, </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">EMN, HOLX, AON, CHD, LYB, MCHP, REGN, CBOE, </span><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">CHRW, </span></b><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">AFL,
MET, </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">QCOM, IP, CAH, WRK, TECH, HON, ITW,
SWK, BR, <b><span style="color: red;">MKTX,
ROK, </span>TER, <i>GOOGL</i>, APTV, BXP, </b>TMO, ROP, <i>MSFT</i>, AMD, RHI,
HES, OTIS, MDLZ, ODFL, NDAQ, SBUX, <b>UPS, WHR, </b>ARE, JCI, AOS, PFE, <b><span style="color: red;">INTC</span>, FICO, KLAC, </b>WDC,
AJG, V, NSC, <b><span style="color: red;">TSLA</span>, <span style="color: red;">HUM</span>, NOC, </b>MMC, LUV, <b>KMB,<span style="color: red;"> </span>TDY, </b>BKR, T, ABT, TXN, <b><span style="color: red;">MMM</span>, DHI, IVZ, </b>LMT, JNJ, ZION,<b> </b>PPG, <b><span style="color: red;">DFS</span></b>, KEY, NTRS, KMI,
PLD, USB, SCHW, MS, <b>DAL,</b> UNH, WFC, BAC, = 130</span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Mega caps </span><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">NVDA, AAPL, GOOGL, META, AMZN,
MSFT, TSLA </span><span face="Arial, sans-serif" style="font-size: 12pt;">fell on Tuesday.</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">SPY</span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt;"> <b>down 6.90 </b></span><span face="Arial, sans-serif" style="font-size: 12pt;">at <b><span style="color: #0000cc;">494.08</span></b> on 113.0 million shares, above average volume, closed lower
on higher volume. </span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><b>VIX </b></span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #006600;">up 1.92</span><span style="color: red;"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">at</span><span face="Arial, sans-serif" style="font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">15.85</span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">QQQ</span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> </span></b><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">down 6.79 </span></b><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">428.55</span></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">DIS, TRV, V, VZ </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>DJIA, 5 </b>advancers, -14</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">ECL, WM, LDOS, HWM </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>SPX, 52 </b>advancers </span></div><div style="text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">AEP, ORLY, EA, MNST </b><span face="Arial, sans-serif" style="font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 6 </b><span face="Arial, sans-serif" style="font-size: 12pt;">advancers.</span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">The two-year trend term is sideways. The
one-year trend is up.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt;">: </span></b></div><div style="text-align: left;"><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">Down</span><span face="Arial, sans-serif" style="font-size: 12pt;">: </span><b><span face="Arial, sans-serif" style="font-size: 12pt;">DIA, SPY, QQQ, IWM,</span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">All eleven </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">sectors were down on Tuesday, led by the </span><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">largest decliners<b> </b></span><b><span face="Arial, sans-serif" style="font-size: 12pt;">XLY, XLRE </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">and <b>XLK.</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The<b> SPY
MFC </b>green line </span><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;">turned down </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">at </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">92.7 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">and is </span><u><span face=""Arial",sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman"; mso-highlight: yellow;">counter-trend defensive</span></u><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">.</span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></div><div style="text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">: <b> XLK,
XLV, XLI, XLC, XLF, XLP, XLY, XLRE, XLB,</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLU, XLE,</b></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Down trend sectors: </span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">up</span></u></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-month </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-day </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Down</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">6 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Tuesday.</b></span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;">58 NDX</span></b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"> </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">CRWD,
CTAS, ROST, AMD, COST, ZS, ISRG, REGN, AVGO, MRVL, FTNT, META, <span style="color: #006600;">SPLK</span>, ADP, ADSK, NVDA, AMZN, DASH, DDOG, LRCX,
MSFT, NFLX, WDAY, PANW, MELI, CDNS, ORLY, VRSK, AMAT, ASML, CDW, FAST, INTU,
KLAC, PCAR, ABNB, SNPS, CEG, CSX, MDB, BKNG, CPRT, DLTR, ODFL, GOOGL, IDXX,
NXPI, GEHC, PAYX, SBUX, ON, QCOM, TTD,<b> </b>EA, FANG, PEP, <b>AEP,</b></span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">NDX </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Wednesday:</b></span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 1</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">AEP,</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 7</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">ADBE, ADI, CTSH, ILMN, MAR, MU, ROP,</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Add Comments here:</span></b></div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0tag:blogger.com,1999:blog-4209035318940432509.post-5948660819986419902024-02-12T21:29:00.000-08:002024-02-13T15:27:43.219-08:00SPX, NDX Hit New Intra-day High, Close Lower...DJI New Closing High...Utilities, Energy, Basic Materials Lead Sectors...After-hours - ANET, CDNS Negative EPS Reactions...<div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">© 2024</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">The SPX <span style="color: red;">-4.77</span>,<span style="color: #006600;"> </span>and NDX </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">made <i><u>all-time
intra-day highs</u></i> but closed lower while the <b>DJI </b>made an <i><u>all-time
closing high</u></i> at <b><span style="color: #0000cc;">38,797</span></b>. The <b>SPX</b>
closed<i><u> above 5,000 </u>for the second day in a row</i> at <b><span style="color: #0000cc;">5.021</span></b>. <b>NDX
</b>gainers <b>ABNB, NXPI, </b>and<b> NVDA, </b><i><u>made 52-week closing
highs</u></i> on Monday. </span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">NVDA <span style="color: #006600;">+1.15</span><span style="color: red;"> </span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">inched to a <i><u>new
all-time closing high</u></i> at <b><span style="color: #0000cc;">722.48</span></b>,
after a $24.92 rally on Friday. </span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">TRMB <span style="color: #006600;">+2.18, +4.15% </span></span></b><span face="Arial, sans-serif" style="font-size: 12pt;">on positive EPS reactions. </span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">After-hours:
</span></b><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">WM <span style="color: #006600;">+5.88,
+3.12%</span> </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">on positive EPS reactions. <b>ANET <span style="color: red;">-19.08, -6.79%</span></b>,
<b>CDNS <span style="color: red;">-20.58, -6.71% </span></b>on a negative EPS
reaction.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Tuesday</span></b><span face="Arial, sans-serif" style="font-size: 12pt;"> <b><span style="color: #0000cc;">BMO:</span></b> <b>HAS, HWM, INCY, KO, LDOS, MAR, MCO,
TAP, ZTS</b>…<b><span style="color: #0000cc;">AMC:</span></b> <b>ABNB, AIG, AKAM,
DVA, EQT, ES, INVH, MGM, WELL</b>.</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">First day reaction</span></b><span face="Arial, sans-serif" style="font-size: 12pt;">: Q4 as of Monday, day 21 of Q4 earnings season.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Positive</span></b><span face="Arial, sans-serif" style="font-size: 12pt;">: TRMB, FE, </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">RL,
DIS</span></b><span face="Arial, sans-serif" style="font-size: 12pt;">, <b>TPR, NWSA, WYNN,
MOH, </b>ICE, EFX, HSY, MAS, BAX, K, GL, ALL, COP, </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">ENPH, EMR, </span></b><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">CMG, F, PRU, </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">VLTO,
AIZ, FTNT, JKHY, CVS, CDW, AMCR YUM, IEX, <b><span style="color: #006600;">GEHC</span></b>, <b>DD, WTW</b>, SPG, XYL, CMI, LIN, J, WAT, CNC, <b><span style="color: #006600;">EL, </span>ON, IDXX, </b>TSN, CAT, <b><span style="color: #006600;">META, </span>AMZN, CLX, GWW, CI, </b>HIG, CVX, CPT, <b><span style="color: #006600;">CTVA, </span>PH, ETN, TT, BALL, QRVO, </b>MRK, TSCO, DOV,
MO, CMS, ALGN, RVTY, BDX, WEC, <b>SYK, COR, BA</b>, FTV, ADP, BSX, MTCH, EQR, PSX, <b>MSCI. GM, SYY, NUE,
GLW, MPC, HCA, </b>DHR, HUBB, <b>AXP, </b>COF, LHX, CL, <b><span style="color: #006600;">URI</span>, <span style="color: #006600;">AAL</span>, IBM, RMD, WRB, </b>CCI, MKC, PKG, DOW, CMCSA, VLO, BX, LRCX, STX, CSX, NEE,
RJF, XEL, LVS, <b><span style="color: #006600;">NFLX</span>, TXT, TEL</b>, GD, FCX,
APH, <b>VZ, RTX, UAL, </b>BRO, PG, PCAR, HAL, <b>TRV</b>, RF, HBAN, FITB, SLB, STT, <b>FAST</b>, JBHT, MTB, CFG,
BK, C = 135</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Neutral</span></b><span face="Arial, sans-serif" style="font-size: 12pt;">: MSI, MHK, CTLT, MAA, KIM,
TROW, DTE, HLT, UBER, ATO, DAY, UDR, CTSH, NXPI, LLY, AME, L, ABBV, BMY, XOM,
AAPL, RCL, AVB, PTC, DGX, MA, CB, SWKS, EA, JNPR, AVY, FFIV, NVR, PHM, PNR,
BEN, TMUS, WY, SHW, AMP, NOW, UNP, STLD, ELV, ISRG, SYF, GE, CMA, TFC, GS, PNC,
BLK, JPM = 53</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Negative</span></b><span face="Arial, sans-serif" style="font-size: 12pt;">: EXPE, TTWO, DXCM, MTD, ILMN, PEAK, PEP, REG, VRSN, </span><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">PYPL</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt;">, SINA, FLT, EG, BWA, KVUE, SPGI, </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">MCK, ORLY, ZBH, DUK, PM, STE, PAYC, TDG, IPG, <b>VFC,
FOXA, AMGN, </b>CINF, GILD, OMC, BF, EW, ESS, </span><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">FMC</span></b><span face="Arial, sans-serif" style="font-size: 12pt;">, CARR, VRTX, FI, IT, </span><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">APD</span></b><span face="Arial, sans-serif" style="font-size: 12pt;">, MCD, </span><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">CHTR, GEN</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt;">, </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">EMN, HOLX, AON, CHD,
LYB, MCHP, REGN, CBOE, </span><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">CHRW, </span></b><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">AFL, MET, </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">QCOM,
IP, CAH, WRK, TECH, HON, ITW, SWK, BR, <b><span style="color: red;">MKTX, ROK, </span>TER, <i>GOOGL</i>, APTV, BXP, </b>TMO, ROP,
<i>MSFT</i>, AMD, RHI, HES, OTIS, MDLZ, ODFL, NDAQ, SBUX, <b>UPS, WHR, </b>ARE, JCI,
AOS, PFE, <b><span style="color: red;">INTC</span>,
FICO, KLAC, </b>WDC, AJG, V, NSC, <b><span style="color: red;">TSLA</span>, <span style="color: red;">HUM</span>, NOC, </b>MMC, LUV, <b>KMB,<span style="color: red;"> </span>TDY,
</b>BKR, T, ABT, TXN, <b><span style="color: red;">MMM</span>, DHI, IVZ, </b>LMT, JNJ,
ZION,<b> </b>PPG, <b><span style="color: red;">DFS</span></b>, KEY, NTRS, KMI, PLD, USB, SCHW, MS, <b>DAL,</b> UNH, WFC,
BAC, = 123</span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Mega caps </span><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt;">META, NVDA </span><span face="Arial, sans-serif" style="font-size: 12pt;">rose,
and </span><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">AAPL, GOOGL, AMZN, MSFT, TSLA </span><span face="Arial, sans-serif" style="font-size: 12pt;">fell on Monday.</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">SPY</span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt;"> <b>down 0.22 </b></span><span face="Arial, sans-serif" style="font-size: 12pt;">at <b><span style="color: #0000cc;">500.98</span></b> on 56.4 million shares, below average volume, closed slightly
lower on lower volume. </span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><b>VIX </b></span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #006600;">up 1.00</span><span style="color: red;"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">at</span><span face="Arial, sans-serif" style="font-size: 12pt;"> </span><b style="font-family: Arial, sans-serif; font-size: 12pt;"><span style="color: #0000cc;">13.93</span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">QQQ</span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"> </span></b><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">down 1.71 </span></b><b><span face=""Arial",sans-serif" style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";">at <span style="color: #0000cc;">435.34</span></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">NKE, GS, MMM, WBA </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>DJIA, 19 </b>advancers, +6</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">VFC, MHK, ENPH, MTCH </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">led the <b>SPX, 331 </b>advancers </span></div><div style="text-align: left;"><b style="font-family: Arial, sans-serif; font-size: 12pt;">FANG, ABNB, TTD, WBD </b><span face="Arial, sans-serif" style="font-size: 12pt;">led the </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">NDX, 42 </b><span face="Arial, sans-serif" style="font-size: 12pt;">advancers</span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">The two-year trend term is sideways. The
one-year trend is up.</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Up</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt;">: IWM, DIA,</span></b></div><div style="text-align: left;"><span face="Arial, sans-serif" style="color: red; font-size: 12pt;">Down</span><span face="Arial, sans-serif" style="font-size: 12pt;">: <b>SPY, QQQ,</b></span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt;">Eight </span></b><span face="Arial, sans-serif" style="font-size: 12pt;">of<b> eleven </b>sectors were higher on Monday, led by<b> XLU, XLE
</b>and <b>XLB.</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The<b> SPY
MFC </b>green line </span><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">turned up</span><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;"> </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">at </span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">96.4 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">and is </span><u><span face=""Arial",sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman"; mso-highlight: yellow;">short-term
bullish</span></u><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">.</span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></div><div style="text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></u></div><div style="text-align: left;"><u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Uptrend sectors</span></u><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">: <b> XLK,
XLV, XLI, XLC, XLF, XLP, XLY, XLRE, XLB,</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Neutral sectors: </span><b style="font-family: Arial, sans-serif; font-size: 12pt;">XLU, XLE,</b></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">Down trend sectors: </span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">The 6-month intermediate
trend is up. The ten-day trend is </span><b><u><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">up</span></u></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">.</span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-month </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Intermediate Term Market
Trend<b>:</b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"> Up</span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">3-day </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Short Term Market Trend<b>: </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Up</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">42 </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">of<b> 100 NDX </b>stocks
closed<b> </b></span><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">higher </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Monday.</b></span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;">64 NDX</span></b><span face="Arial, sans-serif" style="background: yellow; font-size: 12pt; line-height: 107%;"> </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">stocks are above their 30
DMA: </span><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">CRWD,
CTAS, ROST, AMD, COST, ZS, MAR, ISRG, REGN, AVGO, MRVL, FTNT, META, <span style="color: #006600;">SPLK</span>, ADP, ADSK, NVDA, AMZN, CTSH, DASH, DDOG,
LRCX, MSFT, NFLX, WDAY, PANW, MELI, CDNS, ORLY, VRSK, AMAT, ASML, CDW, FAST,
INTU, KLAC, PCAR, ABNB, ADBE, SNPS, CEG, CSX, MDB, BKNG, CPRT, DLTR, ROP, ODFL,
GOOGL, IDXX, NXPI, GEHC, PAYX, SBUX, ON, QCOM, TTD,<b> </b>ADI, EA, MU, <b>FANG,
ILMN, PEP,</b></span></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"><br /></span></b></div><div style="text-align: left;"><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">NDX </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">Stocks<b> </b></span><b><span face=""Arial",sans-serif" style="color: #0000cc; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">to Watch</span></b><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;">on <b>Tuesday:</b></span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%;">Above 30 DMA</span><b><span face="Arial, sans-serif" style="font-size: 12pt; line-height: 107%;"> </span></b><b><span face=""Arial",sans-serif" style="color: #006600; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">= 3</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">FANG, ILMN, PEP,</span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: red; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Moving </span></b><span face="Arial, sans-serif" style="color: red; font-size: 12pt; line-height: 107%;">Below 30 DMA<b> = 2</b></span></div><div style="text-align: left;"><span face="Arial, sans-serif" style="font-size: 12pt;">AAPL, ANSS,</span></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div style="text-align: left;"><b><span face=""Arial",sans-serif" style="color: #000099; font-size: 12pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">Add Comments here:</span></b></div>Dave Johnsonhttp://www.blogger.com/profile/03046197870039879970noreply@blogger.com0