SPX, NDX, DJI, RUT make New All-time Closing Highs...Utilities, Real Estate, Consumer Discretionary Lead Sectors...

© 2024

The SPX +22.44, 5,995, gapped higher, trended up and closed at a new all-time closing high, along with a smaller drop in VIX.

The NDX +0.07% inched to a new all-time closing high. DJI and RUT both made new all-time closing highs. 

AXON +134.43, +28.68%. EPS beat, sales beat, raise guidance.

FTNT +8.36, +9.99%. EPS and revenue beat, raise guidance.

12 SPX Companies report EPS next week.

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

Positive: AXON, FTNT, PODD, MSI, EOG, CPAY, EXPE, NWSA, EPAM, VTRS, WBD, MCK, VST, TTWO, GILD, ANSS, RL, FICO, TPR, ALB, KVUE, APD, ATO, TRMB, CRL, HWM, CVS, JCI, SRE, AIZ, COR, PNW, DVN, PLTR, CMI, EMR, VRTX, BLDR, TRGP, DD, BR, AVB, MPC, IT, YUM, EXPD, RVTY, FOXA, WAT, CHTR, INTC, CAH, AMZN, CHD, CVX, TROW, PAYC, ETR, IP, AME, GEN, MO, COP, NCLH, XEL, BMY, BKNG, CMCSA, GDDY, WTW, SO, AWK, PH, AMGN, CLX, GRMN, SW, FMC, TECH, DAY, IEX, VMC, ABBV, ZBH, VRSK, GPN, MLM, EQT, HUM, ITW, V, GOOGL, EA, GEHC, NI, ADP, SYK, CDNS, INCY, FFIV, LDOS, ZBRA, WM, WELL, GLW, RCL, BRO, CNP, ON, DECK, DLR, RMD COF, AON, WDC, CNC, LHX CINF, TSLA, MOH, WST, CBRE, POOL, RJF, TMUS, NOW, UPS, LRCX, TYL, LH, ALGN, LVS, FTI, NOC, NFLX, ISRG, SNA, TRV, BX, MTB, STLD, DFS, PPG, UAL, SYF, USB, PLD, JBHT, ABT, OMC, WBA, SCHW, PNC, JNJ, FAST, WFC, JPM, BLK, = 145

Neutral:  ED, NRG, EVRG, PCG, TAP, WMB, HST, QCOM, MRO, O, FIS, JNPR, LYB, SPG, D, GWW, CI, SBUX, CTSH, GNRC, BWA, EQIX, K, WEC, MAA, CMS, MDLZ, OKE, EXC, EIX, HES, EXR, TEL, REG. MAS, MCD, ORLY, DTE, LKQ, DOW, PG, RF, MMC, KMI, STT, BAC, PGR, UNH = 48

Negative:  AKAM, ABNB, MTD, ANET, PARA, BAX, SOLV, MNST,MTCH, APA, ROK, BDX, STE, CTVA, PTC, TDG, HAL, MRNA, HSY, DUK, AEE, SMCI, IFF, IRM, AEP, JKHY, MCHP, MKTX, CE, WYNN, ADM, HOLX, NXPI, HSIC FANG, ES, AIG, CEG, PEG, ZTS, L, BEN, MAR, AES, AMCR, ERIE, CTRA, EMN, LNT, PPL, IR, CPT, CBOE, XOM, AAPL, VICI,  HII, EL, APTV, TFX, SMCI, MGM, IDXX, UBER, REGN, EBAY, BALL, XYL, EG, ICE, ACGL, MSFT CHRW, MET, INVH, DINO, EQR, AFL, IQV, META, KLAC, LIN, PRU, ETN, PWR, UDR, FRT, MA, MRK, PSA, ALL, VTR, KIM, QRVO, CDW, DVA, AMD, CZR, CMG, LLY, BXP, TT, FTV, KHC, OTIS, RSG, BG, CAT, FE, ESS, BIIB, CB, FSLR, SWK, F, DHI, PSX, AMT, PYPL, SBAC, MSCI, HUBB, PFE, SYY, ECL, MHK, UHS, HCA, HIG, PFG, CL, DOC, VRSN, DXCM, AJG, EW, WY, NEM, TER, CARR, ROL, TXT, IBM, TSCO, HAS, LUV, HON, KDP, VLTO, UNP, ALLE, DOV, AMP, GL, VLO, URI, SLB, AXP, FITB, ELV, CSX, TFC, CCI, EFX, HBAN, KEY, CFG, BK, DAL, DPZ = 171

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

SPY up 2.58 at 598.19, 46.4 million shares, above average volume,

VIX down .26 at 14.94

QQQ up .60 at 514.14

CRM, PG, TRV, MRK led the DJIA, 21 advancers, +2            

AXON, FTNT, PODD, TSLA, MSI led the SPX, 317 advancers

FTNT, TSLA, MELI, COST led the NDX, 43 advancers

Up:  IWM, DIA, SPY, QQQ,

Down: 

The SPY MFC green line is pointed up at 73.1 and is short-term bullish, +13.6.

Eight of eleven sectors were higher on Friday, led by XLU, XLRE and XLY. 

Uptrend sectors:   XLF, XLC, XLI, XLK, XLU, XLB, XLY, XLRE, XLP, XLV,

Neutral sectors: XLE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

43 of 100 NDX stocks closed higher on Friday.

68 NDX stocks are above their 30 DMA:  GILD, PAYX, DASH, TTD, ADSK, CSCO, BKNG, FAST, ABNB, TMUS, ADP, ILMN, MRVL, NVDA, LULU, TEAM, PANW, TTWO, MNST, EA, ISRG, NFLX, CMCSA, BKR, TSLA, GOOGL, ODFL, CDNS, SNPS, CHTR, VRSK, VRTX, WBD, XEL, AMZN, ANSS, CRWD, INTU, ZS, PCAR, COST, CSX, CTAS, GFS, INTC, MAR, MDB, MU, WDAY, AMGN, AVGO, CPRT, CTSH, FTNT, HON, MSFT, ORLY, PYPL, QCOM, ROP, TXN, ARM, CSGP, LRCX, META, CCEP, DXCM, SBUX,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 3

CCEP, DXCM, SBUX,

Moving Below 30 DMA = 4

ADBE, AMAT, DDOG, ON,

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SPX, NDX All-time Closing Highs as Post-election Rally Continues...Technology, Communication Services, Consumer Discretionary Lead Sectors Higher...After-hours: AXON, EXPE Up on EPS Reactions...

© 2024

The SPX +44.06, 5,973, gapped higher, trended up and closed at a new all-time closing high.  Breadth was mixed with strength in the growth sectors,  technology, communication services and consumer discretionary, along with a another drop in VIX.

The NDX +1.54% broke out of a four-month channel to a new all-time closing high. DJI and RUT both made new all-time intra-day highs.  The DJI closed unchanged, and the RUT closed slightly lower.

MTCH –6.77, -17.873%. EPS beat, revenue miss, lower guidance.

APA -2.80, -11.32%. EPS miss and sales beat.

After-hours:

AXON +51.25, +10.93%. EPS beat, sales beat, raise guidance.

EXPE +8.97, +5.15%. EPS beat, sales miss, raises full-year guidance.

102 SPX Companies report EPS this week.

SPX companies reporting on Friday. 3 BMO: BAX, NRG, PARA.

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

Positive: EPAM, VTRS, WBD, MCK, VST, TTWO, GILD, ANSS, RL, FICO, TPR, ALB, KVUE, APD, ATO, TRMB, CRL, HWM, CVS, JCI, SRE, AIZ, COR, PNW, DVN, PLTR, CMI, EMR, VRTX, BLDR, TRGP, DD, BR, AVB, MPC, IT, YUM, EXPD, RVTY, FOXA, WAT, CHTR, INTC, CAH, AMZN, CHD, CVX, TROW, PAYC, ETR, IP, AME, GEN, MO, COP, NCLH, XEL, BMY, BKNG, CMCSA, GDDY, WTW, SO, AWK, PH, AMGN, CLX, GRMN, SW, FMC, TECH, DAY, IEX, VMC, ABBV, ZBH, VRSK, GPN, MLM, EQT, HUM, ITW, V, GOOGL, EA, GEHC, NI, ADP, SYK, CDNS, INCY, FFIV, LDOS, ZBRA, WM, WELL, GLW, RCL, BRO, CNP, ON, DECK, DLR, RMD COF, AON, WDC, CNC, LHX CINF, TSLA, MOH, WST, CBRE, POOL, RJF, TMUS, NOW, UPS, LRCX, TYL, LH, ALGN, LVS, FTI, NOC, NFLX, ISRG, SNA, TRV, BX, MTB, STLD, DFS, PPG, UAL, SYF, USB, PLD, JBHT, ABT, OMC, WBA, SCHW, PNC, JNJ, FAST, WFC, JPM, BLK, = 137

Neutral:  EVRG, PCG, TAP, WMB, HST, QCOM, MRO, O, FIS, JNPR, LYB, SPG, D, GWW, CI, SBUX, CTSH, GNRC, BWA, EQIX, K, WEC, MAA, CMS, MDLZ, OKE, EXC, EIX, HES, EXR, TEL, REG. MAS, MCD, ORLY, DTE, LKQ, DOW, PG, RF, MMC, KMI, STT, BAC, PGR, UNH = 46

Negative:  MTCH, APA, ROK, BDX, STE, CTVA, PTC, TDG, HAL, MRNA, HSY, DUK, AEE, SMCI, IFF, IRM, AEP, JKHY, MCHP, MKTX, CE, WYNN, ADM, HOLX, NXPI, HSIC FANG, ES, AIG, CEG, PEG, ZTS, L, BEN, MAR, AES, AMCR, ERIE, CTRA, EMN, LNT, PPL, IR, CPT, CBOE, XOM, AAPL, VICI,  HII, EL, APTV, TFX, SMCI, MGM, IDXX, UBER, REGN, EBAY, BALL, XYL, EG, ICE, ACGL, MSFT CHRW, MET, INVH, DINO, EQR, AFL, IQV, META, KLAC, LIN, PRU, ETN, PWR, UDR, FRT, MA, MRK, PSA, ALL, VTR, KIM, QRVO, CDW, DVA, AMD, CZR, CMG, LLY, BXP, TT, FTV, KHC, OTIS, RSG, BG, CAT, FE, ESS, BIIB, CB, FSLR, SWK, F, DHI, PSX, AMT, PYPL, SBAC, MSCI, HUBB, PFE, SYY, ECL, MHK, UHS, HCA, HIG, PFG, CL, DOC, VRSN, DXCM, AJG, EW, WY, NEM, TER, CARR, ROL, TXT, IBM, TSCO, HAS, LUV, HON, KDP, VLTO, UNP, ALLE, DOV, AMP, GL, VLO, URI, SLB, AXP, FITB, ELV, CSX, TFC, CCI, EFX, HBAN, KEY, CFG, BK, DAL, DPZ = 163

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

SPY up 4.57 at 595.61, 47.2 million shares, above average volume,

VIX down 1.07 at 15.20

QQQ up 7.96 at 513.54

HD, BA, (NVDA), AAPL, UNH led the DJIA, 19 advancers, -0          

EPAM, VTRS, SMCI, MCK, VST led the SPX, 264 advancers

SMCI, WBD, TTWO, GILD led the NDX, 75 advancers

Up:  QQQ, SPY, DIA,

Down:  IWM,

The SPY MFC green line turned up at 59.5 and is short-term bullish, +16.

Eight of eleven sectors were higher on Thursday, led by XLK, XLC and XLY. 

Uptrend sectors:   XLF, XLC, XLI, XLK, XLU, XLB, XLY, XLRE, XLP, XLV,

Neutral sectors: XLE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

75 of 100 NDX stocks closed higher on Thursday.

69 NDX stocks are above their 30 DMA:  GILD, PAYX, DASH, TTD, ADSK, CSCO, BKNG, FAST, ABNB, DDOG, TMUS, ADP, ILMN, MRVL, NVDA, LULU, TEAM, PANW, TTWO, MNST, EA, ISRG, NFLX, CMCSA, BKR, TSLA, GOOGL, ODFL, CDNS, SNPS, CHTR, VRSK, VRTX, WBD, XEL, AMZN, ANSS, CRWD, INTU, ZS, PCAR, COST, CSX, CTAS, GFS, INTC, MAR, MDB, MU, WDAY, ADBE, AMGN, AVGO, CPRT, CTSH, FTNT, HON, MSFT, ON, ORLY, PYPL, QCOM, ROP, TXN, AMAT, ARM, CSGP, LRCX, META,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 5

AMAT, ARM, CSGP, LRCX, META,

Moving Below 30 DMA = 2

FANG, MELI,

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SPX, NDX, DJI, RUT make New All-time Closing Highs...Financial, Industrials, Energy Lead Sectors...TSLA Leads NDX...

© 2024

The SPX +146.28, 5,929, gapped higher, trended up and closed at a new all-time closing high.  Breadth strengthened significantly in consumer discretionary, communication services and technology along with a large drop in VIX.

The NDX +2.74% broke out of a four-month channel to a new all-time closing high. The DJI +3.57% and RUT +5.84% also made new all-time closing highs.

TRMB +11.02, +17.88% after EPS and revenue beat and raised guidance.

HWM +12.70, +12.43% after EPS and revenue miss and adjusted guidance.

SMCI -5.00, -18.05%. releases preliminary guidance without specific time for filing annual results.

After-hours: MTCH -4.48, -11.83%. EPS beat, revenue miss, lower guidance.

CTVA -6.74, -10.92%. EPS and revenue miss, lower guidance.

102 SPX Companies report EPS this week.

SPX companies reporting on Wednesday. 18 BMO: APD, BDX, DUK, EPAM EVRG, HAL, HSY, KVUE, MRNA, PCG, RL ROK, TAP, TDG, TPR, VST, VTRS, WBD. 15 AMC:  ABNB, AKAM, ANET, AXON, CPAY, ED, EOG, EXPE, FTNT, MNST, MSI, MTD, NWSA, PODD, SOLV.

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

Positive: TRMB, CRL, HWM, CVS, JCI, SRE, AIZ, COR, PNW, DVN, PLTR, CMI, EMR, VRTX, BLDR, TRGP, DD, BR, AVB, MPC, IT, YUM, EXPD, RVTY, FOXA, WAT, CHTR, INTC, CAH, AMZN, CHD, CVX, TROW, PAYC, ETR, IP, AME, GEN, MO, COP, NCLH, XEL, BMY, BKNG, CMCSA, GDDY, WTW, SO, AWK, PH, AMGN, CLX, GRMN, SW, FMC, TECH, DAY, IEX, VMC, ABBV, ZBH, VRSK, GPN, MLM, EQT, HUM, ITW, V, GOOGL, EA, GEHC, NI, ADP, SYK, CDNS, INCY, FFIV, LDOS, ZBRA, WM, WELL, GLW, RCL, BRO, CNP, ON, DECK, DLR, RMD COF, AON, WDC, CNC, LHX CINF, TSLA, MOH, WST, CBRE, POOL, RJF, TMUS, NOW, UPS, LRCX, TYL, LH, ALGN, LVS, FTI, NOC, NFLX, ISRG, SNA, TRV, BX, MTB, STLD, DFS, PPG, UAL, SYF, USB, PLD, JBHT, ABT, OMC, WBA, SCHW, PNC, JNJ, FAST, WFC, JPM, BLK, = 122

Neutral:  O, FIS, JNPR, LYB, SPG, D, GWW, CI, SBUX, CTSH, GNRC, BWA, EQIX, K, WEC, MAA, CMS, MDLZ, OKE, EXC, EIX, HES, EXR, TEL, REG. MAS, MCD, ORLY, DTE, LKQ, DOW, PG, RF, MMC, KMI, STT, BAC, PGR, UNH = 39

Negative:  SMCI, IFF, IRM, AEP, JKHY, MCHP, MKTX, CE, WYNN, ADM, HOLX, NXPI, HSIC FANG, ES, AIG, CEG, PEG, ZTS, L, BEN, MAR, AES, AMCR, ERIE, CTRA, EMN, LNT, PPL, IR, CPT, CBOE, XOM, AAPL, VICI,  HII, EL, APTV, TFX, SMCI, MGM, IDXX, UBER, REGN, EBAY, BALL, XYL, EG, ICE, ACGL, MSFT CHRW, MET, INVH, DINO, EQR, AFL, IQV, META, KLAC, LIN, PRU, ETN, PWR, UDR, FRT, MA, MRK, PSA, ALL, VTR, KIM, QRVO, CDW, DVA, AMD, CZR, CMG, LLY, BXP, TT, FTV, KHC, OTIS, RSG, BG, CAT, FE, ESS, BIIB, CB, FSLR, SWK, F, DHI, PSX, AMT, PYPL, SBAC, MSCI, HUBB, PFE, SYY, ECL, MHK, UHS, HCA, HIG, PFG, CL, DOC, VRSN, DXCM, AJG, EW, WY, NEM, TER, CARR, ROL, TXT, IBM, TSCO, HAS, LUV, HON, KDP, VLTO, UNP, ALLE, DOV, AMP, GL, VLO, URI, SLB, AXP, FITB, ELV, CSX, TFC, CCI, EFX, HBAN, KEY, CFG, BK, DAL, DPZ = 150

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

SPY up 14.34 at 591.04, 68.1 million shares, above average volume,

VIX down 4.22 at 16.27

QQQ up 13.37 at 505.58

GS, JPM, CAT, INTC led the DJIA, 19 advancers, -6             

DFS, SYF, TRMB, NUE led the SPX, 340 advancers

TSLA, GFS, ODFL, BKR led the NDX, 74 advancers

Up:  IWM, DIA, QQQ, SPY,

Down: 

The SPY MFC green line turned up at 43.5 and is short-term bullish, +4.1.

Eight of eleven sectors were higher on Wednesday, led by XLF, XLI and XLE. 

Uptrend sectors:   XLF, XLC, XLI, XLK, XLU, XLB, XLY, XLRE, XLP, XLV,

Neutral sectors: XLE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

74 of 100 NDX stocks closed higher on Wednesday.

66 NDX stocks are above their 30 DMA:  GILD, PAYX, DASH, TTD, ADSK, CSCO, BKNG, FAST, ABNB, DDOG, TMUS, ADP, ILMN, MRVL, NVDA, LULU, TEAM, PANW, TTWO, MNST, EA, ISRG, NFLX, CMCSA, BKR, TSLA, GOOGL, ODFL, CDNS, SNPS, CHTR, VRSK, VRTX, WBD, XEL, AMZN, ANSS, CRWD, INTU, MELI, ZS, PCAR, COST, CSX, CTAS, GFS, INTC, MAR, MDB, MU, WDAY, ADBE, AMGN, AVGO, CPRT, CTSH, FANG, FTNT, HON, MSFT, ON, ORLY, PYPL, QCOM, ROP, TXN,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 15

ADBE, AMGN, AVGO, CPRT, CTSH, FANG, FTNT, HON, MSFT, ON, ORLY, PYPL, QCOM, ROP, TXN,

Moving Below 30 DMA = 4

AEP, CCEP, CSGP, SBUX,

Add Comments here:

NDX, SPX Close Higher on Strong Breadth in Mega Caps and Technology...Consumer Discretionary, Industrials Lead All Sectors Higher on Election Day...After-hours: SMCI Lower after Preliminary EPS...

© 2024

The SPX +70.07, 5,782, opened higher, trended up and closed higher.  Breadth strengthened significantly in consumer discretionary, technology and communication services along with a drop in VIX.

The NDX +1.32% trading range, lower close.

Question:  Did you expect today’s election day market to rally like it did?  We asked the same question to iBullyBear members, and all responded, NO.  Before today, I heard no one forecast a big rally on election day.  Put all the talking heads from financial TV together and they still can’t see the future.  Stop trying to guess the future and Trade what you see!

PLTR +9.72, +23.47% after EPS and revenue beat and raised guidance.

CE -32.50, -26.32%. EPS and revenue miss and lower dividend.

NXPI -12.25, -5.17%. EPS beat, revenue in-line and lower guidance.

After-hours: SMCI -4.09, -14.80%. releases preliminary guidance on revenues < previous guidance and eps > previous guidance, that its independent special committee has found no evidence of fraud or misconduct, but still unsure of when its annual report will be filed.

102 SPX Companies report EPS this week.

SPX companies reporting on Wednesday. 11 BMO: AEP, COR, CRL, CVS, HWM, IRM, JCI, MKTX, PNW, SRE, TRMB. 17 AMC:  AEE, ALB, ANSS, APA, ATO, CTVA, FICO, GILD, HST, MCK, MRO, MTCH, PTC, QCOM, STE, TTWO, WMB.

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

Positive: PLTR, CMI, EMR, VRTX, BLDR, TRGP, DD, BR, AVB, MPC, IT, YUM, EXPD, RVTY, FOXA, WAT, CHTR, INTC, CAH, AMZN, CHD, CVX, TROW, PAYC, ETR, IP, AME, GEN, MO, COP, NCLH, XEL, BMY, BKNG, CMCSA, GDDY, WTW, SO, AWK, PH, AMGN, CLX, GRMN, SW, FMC, TECH, DAY, IEX, VMC, ABBV, ZBH, VRSK, GPN, MLM, EQT, HUM, ITW, V, GOOGL, EA, GEHC, NI, ADP, SYK, CDNS, INCY, FFIV, LDOS, ZBRA, WM, WELL, GLW, RCL, BRO, CNP, ON, DECK, DLR, RMD COF, AON, WDC, CNC, LHX CINF, TSLA, MOH, WST, CBRE, POOL, RJF, TMUS, NOW, UPS, LRCX, TYL, LH, ALGN, LVS, FTI, NOC, NFLX, ISRG, SNA, TRV, BX, MTB, STLD, DFS, PPG, UAL, SYF, USB, PLD, JBHT, ABT, OMC, WBA, SCHW, PNC, JNJ, FAST, WFC, JPM, BLK, = 112

Neutral:  O, FIS, JNPR, LYB, SPG, D, GWW, CI, SBUX, CTSH, GNRC, BWA, EQIX, K, WEC, MAA, CMS, MDLZ, OKE, EXC, EIX, HES, EXR, TEL, REG. MAS, MCD, ORLY, DTE, LKQ, DOW, PG, RF, MMC, KMI, STT, BAC, PGR, UNH = 39

Negative:  CE, WYNN, ADM, HOLX, NXPI, HSIC FANG, ES, AIG, CEG, PEG, ZTS, L, BEN, MAR, AES, AMCR, ERIE, CTRA, EMN, LNT, PPL, IR, CPT, CBOE, XOM, AAPL, VICI,  HII, EL, APTV, TFX, SMCI, MGM, IDXX, UBER, REGN, EBAY, BALL, XYL, EG, ICE, ACGL, MSFT CHRW, MET, INVH, DINO, EQR, AFL, IQV, META, KLAC, LIN, PRU, ETN, PWR, UDR, FRT, MA, MRK, PSA, ALL, VTR, KIM, QRVO, CDW, DVA, AMD, CZR, CMG, LLY, BXP, TT, FTV, KHC, OTIS, RSG, BG, CAT, FE, ESS, BIIB, CB, FSLR, SWK, F, DHI, PSX, AMT, PYPL, SBAC, MSCI, HUBB, PFE, SYY, ECL, MHK, UHS, HCA, HIG, PFG, CL, DOC, VRSN, DXCM, AJG, EW, WY, NEM, TER, CARR, ROL, TXT, IBM, TSCO, HAS, LUV, HON, KDP, VLTO, UNP, ALLE, DOV, AMP, GL, VLO, URI, SLB, AXP, FITB, ELV, CSX, TFC, CCI, EFX, HBAN, KEY, CFG, BK, DAL, DPZ = 143

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

SPY up 6.89 at 576.70, 39.0 million shares, below average volume,

VIX down 1.49 at 20.49

QQQ up 6.20 at 492.21

INTC, GS, AXP, AMZN led the DJIA, 25 advancers, +17       

PLTR, CMI, EMR, GEV led the SPX, 443 advancers

GFS, SMCI, VRTX, MU led the NDX, 86 advancers

Up:  IWM, QQQ, SPY, DIA,

Down: 

The SPY MFC green line is pointed down at 39.4 and is bearish, -5.6.

All eleven sectors were higher on Tuesday, led by XLY, XLI and XLU. 

Uptrend sectors:   XLF, XLC, XLI, XLK, XLU, XLB, XLY, XLRE, XLP, XLV,

Neutral sectors: XLE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

86 of 100 NDX stocks closed higher on Tuesday.

55 NDX stocks are above their 30 DMA:  GILD, PAYX, DASH, TTD, ADSK, CSCO, BKNG, FAST, ABNB, DDOG, TMUS, ADP, ILMN, MRVL, NVDA, LULU, TEAM, PANW, TTWO, MNST, EA, ISRG, NFLX, SBUX, CMCSA, BKR, TSLA, GOOGL, ODFL, CDNS, SNPS, CHTR, VRSK, VRTX, WBD, XEL, AMZN, ANSS, CRWD, INTU, MELI, ZS, PCAR, AEP, CCEP, COST, CSGP, CSX, CTAS, GFS, INTC, MAR, MDB, MU, WDAY,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 12

AEP, CCEP, COST, CSGP, CSX, CTAS, GFS, INTC, MAR, MDB, MU, WDAY,

Moving Below 30 DMA = 1

TXN,

Add Comments here:

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

© 2024

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

The NDX -0.35% trading range, lower close.

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

CE -19.50, -15.79%. EPS and revenue miss and lower dividend.

102 SPX Companies report EPS this week.

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

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

Positive: RVTY, FOXA, WAT, CHTR, INTC, CAH, AMZN, CHD, CVX, TROW, PAYC, ETR, IP, AME, GEN, MO, COP, NCLH, XEL, BMY, BKNG, CMCSA, GDDY, WTW, SO, AWK, PH, AMGN, CLX, GRMN, SW, FMC, TECH, DAY, IEX, VMC, ABBV, ZBH, VRSK, GPN, MLM, EQT, HUM, ITW, V, GOOGL, EA, GEHC, NI, ADP, SYK, CDNS, INCY, FFIV, LDOS, ZBRA, WM, WELL, GLW, RCL, BRO, CNP, ON, DECK, DLR, RMD COF, AON, WDC, CNC, LHX CINF, TSLA, MOH, WST, CBRE, POOL, RJF, TMUS, NOW, UPS, LRCX, TYL, LH, ALGN, LVS, FTI, NOC, NFLX, ISRG, SNA, TRV, BX, MTB, STLD, DFS, PPG, UAL, SYF, USB, PLD, JBHT, ABT, OMC, WBA, SCHW, PNC, JNJ, FAST, WFC, JPM, BLK, = 112

Neutral:  FIS, JNPR, LYB, SPG, D, GWW, CI, SBUX, CTSH, GNRC, BWA, EQIX, K, WEC, MAA, CMS, MDLZ, OKE, EXC, EIX, HES, EXR, TEL, REG. MAS, MCD, ORLY, DTE, LKQ, DOW, PG, RF, MMC, KMI, STT, BAC, PGR, UNH = 38

Negative:  CEG, PEG, ZTS, L, BEN, MAR, AES, AMCR, ERIE, CTRA, EMN, LNT, PPL, IR, CPT, CBOE, XOM, AAPL, VICI,  HII, EL, APTV, TFX, SMCI, MGM, IDXX, UBER, REGN, EBAY, BALL, XYL, EG, ICE, ACGL, MSFT CHRW, MET, INVH, DINO, EQR, AFL, IQV, META, KLAC, LIN, PRU, ETN, PWR, UDR, FRT, MA, MRK, PSA, ALL, VTR, KIM, QRVO, CDW, DVA, AMD, CZR, CMG, LLY, BXP, TT, FTV, KHC, OTIS, RSG, BG, CAT, FE, ESS, BIIB, CB, FSLR, SWK, F, DHI, PSX, AMT, PYPL, SBAC, MSCI, HUBB, PFE, SYY, ECL, MHK, UHS, HCA, HIG, PFG, CL, DOC, VRSN, DXCM, AJG, EW, WY, NEM, TER, CARR, ROL, TXT, IBM, TSCO, HAS, LUV, HON, KDP, VLTO, UNP, ALLE, DOV, AMP, GL, VLO, URI, SLB, AXP, FITB, ELV, CSX, TFC, CCI, EFX, HBAN, KEY, CFG, BK, DAL, DPZ = 133

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

SPY down 1.23 at 569.81, 38.1 million shares, below average volume,

VIX up .10 at 21.98

QQQ down 1.42 at 486.01

CRM, HD, CSCO, CVX led the DJIA, 8 advancers, -11          

BBWI, MOS, ENPH, SHW led the SPX, 273 advancers

MNST, CDNS, CHTR, ILMN led the NDX, 48 advancers

Up:  IWM,

Down:  SPY, QQQ, DIA,

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

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

Uptrend sectors:   XLF, XLC, XLI, XLK, XLU, XLB, XLY, XLRE, XLP, XLV,

Neutral sectors: XLE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

48 of 100 NDX stocks closed higher on Monday.

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

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 1

PCAR,

Moving Below 30 DMA = 5

DXCM, INTC, MAR, NXPI, ON,

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

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

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

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

102 SPX Companies report EPS next week.

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

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

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

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

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

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

SPY up 2.40 at 571.04, 45.6 million shares, average volume,

VIX down 1.28 at 21.88

QQQ up 3.58 at 487.43

INTC, AMZN, BA, CVX led the DJIA, 19 advancers, +6         

WAT, CAH, AMZN, DAY, DELL led the SPX, 246 advancers

TEAM, CHTR, LULU, INTC led the NDX, 65 advancers

Up:  QQQ, DIA, IWM, SPY,

Down: 

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

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

Uptrend sectors:   XLF, XLC, XLI, XLK, XLU, XLB, XLY, XLRE, XLP, XLV,

Neutral sectors: XLE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

65 of 100 NDX stocks closed higher on Friday.

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

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 10

AMZN, ANSS, CRWD, INTC, INTU, MELI, NXPI, ON, TXN, ZS,

Moving Below 30 DMA = 1

PCAR,

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