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

© 2024

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

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

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

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

The SPY MFC green line turned up at 94.1 and is short-term bullish, +1.1, because price is above the low of the high day, Oct. 14.

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

Neutral sectors: XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

32 of 100 NDX stocks closed higher on Tuesday.

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

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 4

CHTR, CMCSA, MSFT, WDAY,

Moving Below 30 DMA = 4

BKR, CPRT, CTSH, GFS,

Add Comments here:

SPX Closes Slightly Lower...NDX Closes Slightly Higher...NVDA Breaks Out to All-time High Leads NDX...Technology Leads Sectors...Earnings Ramp Up on Tuesday...

© 2024

The SPX -10.69, 5,853, opened slightly lower, traded in a range and closed slightly lower forming a hammer candle.  The SPX closed above 5,800 for the sixth time. 

The NDX +0.18%, opened lower, traded in a range and closed slightly higher in a bull flag bounce continuation.

NVDA +5.71, +4.14%, opened flat, trended higher, 4-month BO, closed at an all-time high.

After-hours: ARE +2.48, +2.07% and NUE -3.11, -1.99% earnings reactions.

First day reaction: Q3, Monday, AM

Positive:  NFLX, ISRG, SNA, TRV, BX, MTB, STLD, DFS, PPG, UAL, SYF, USB, PLD, JBHT, ABT, OMC, WBA, SCHW, PNC, JNJ, FAST, WFC, JPM, BLK, = 24

Neutral:  PG, RF, MMC, KMI, STT, BAC, PGR, UNH = 8

Negative:  SLB, AXP, FITB, ELV, CSX, TFC, CCI, EFX, HBAN, KEY, CFG, BK, DAL, DPZ = 14

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

SPY down .96 at 583.63, 36.4 million shares, below average volume,

VIX up .34 at 18.37

QQQ up .95 at 495.42

BA, AAPL, UNH, INTC led the DJIA, 7 advancers, -13          

KVUE, NVDA, EXPE, UBER led the SPX, 79 advancers

NVDA, MRVL, LULU, CEG led the NDX, 32 advancers

Up:   QQQ,

Down:  SPY, DIA, IWM,

One of eleven sectors was higher on Monday, led by XLK, XLE and XLI.

The SPY MFC green line is pointed down at 93 and is short-term bullish, -0.6, because price is above the low of the high day, Oct. 14.

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

Neutral sectors: XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

32 of 100 NDX stocks closed higher on Monday.

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

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 6

ADI, CMCSA, GEHC, ROST, SNPS, XEL,

Add Comments here:

SPX, NDX Make New All-time Closing High...Communication Services, Real Estate, Utilities Lead Sectors...NFLX, ISRG Rise on Positive EPS Reactions...

© 2024

The SPX +23.20, 5,864, opened higher, traded in a range and closed at a new all-time closing high.  The SPX closed above 5,800 for the fifth time.  The DJI made a new all-time closing high.

The NDX +0.66%, opened higher, closed higher in a bull flag bounce.

NVDA +1.07, +0.78%, opened higher, trade in a range and closed higher in a bull flag bounce continuation.

Positive earnings reactions: NFLX +76.24, +11.09% and ISRG +47.42, +10.01%.

First day reaction: Q3, Friday

Positive:  NFLX, ISRG, SNA, TRV, BX, MTB, STLD, DFS, PPG, UAL, SYF, USB, PLD, JBHT, ABT, OMC, WBA, SCHW, PNC, JNJ, FAST, WFC, JPM, BLK, = 24

Neutral:  PG, RF, MMC, KMI, STT, BAC, PGR, UNH = 8

Negative:  SLB, AXP, FITB, ELV, CSX, TFC, CCI, EFX, HBAN, KEY, CFG, BK, DAL, DPZ = 14

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

SPY up 2.24 at 584.59, 37.4 million shares, below average volume,

VIX down 1.08 at 18.03

QQQ up 3.22 at 494.47

INTC, AAPL, HON, AMZN led the DJIA, 20 advancers, +3   

NFLX, LW, ISRG, POSS, CSX, VST led the SPX, 321 advancers

NFLX, ISRG, DXCM, ASML led the NDX, 71 advancers

Up:   QQQ, SPY, DIA,

Down:  IWM,

Ten of eleven sectors were higher on Friday, led by XLC, XLRE and XLU.

The SPY MFC green line is pointed down at 93.6 and is short-term bullish, -0.3, because price is above the low of the high day, Oct. 14.

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

Neutral sectors: XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little

71 of 100 NDX stocks closed higher on Friday.

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

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 4

ISRG, NFLX, SBUX, XEL,

Moving Below 30 DMA = 0

Add Comments here:

SPX Closes Flat...DJI Makes New All-time Closing High...Energy, Technology, Financial Lead Sectors...

© 2024

The SPX -1.00, 5,841, gapped up, filled the gap and closed slightly lower after making a new intraday all-time high.  The SPX closed above 5,800 for the fourth time.  The DJI made a new all-time closing high.

The NDX +0.08, gapped up, filled the gap closed above the high of the low day in bull flag bounce. 

NVDA +1.21, +0.89%, gapped open, filled the gap and closed higher in a bull flag bounce.  

First day reaction: Q3, Thursday

Positive:  SNA, TRV, BX, MTB, STLD, DFS, PPG, UAL, SYF, USB, PLD, JBHT, ABT, OMC, WBA, SCHW, PNC, JNJ, FAST, WFC, JPM, BLK, = 22

Neutral:  MMC, KMI, STT, BAC, PGR, UNH = 6

Negative:  ELV, CSX, TFC, CCI, EFX, HBAN, KEY, CFG, BK, DAL, DPZ = 11

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

SPY up .05 at 582.35, 34.3 million shares, below average volume, stayed above, Oct 14, the low of the high day

VIX down .47 at 19.11

QQQ up .34 at 491.25

TRV, CVX, AXP, V led the DJIA, 17 advancers, -4                  

UAL, DAL, MS, WBA led the SPX, 232 advancers

AVGO, MU, ASML, VRTX led the NDX, 49 advancers

Up:   DIA, QQQ, SPY,

Down:  IWM,

Four of eleven sectors were higher on Thursday, led by XLE, XLK and XLF.

The SPY MFC green line is pointed down at 94 and is short-term bullish, -0.7, because price is above the low of the high day, Oct. 14.

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

49 of 100 NDX stocks closed higher on Thursday.

66 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, PYPL, DASH, FTNT, GEHC, TTD, ADSK, CSCO, BKNG, MAR, FAST, ARM, AVGO, CEG, CRWD, META, PCAR, ABNB, INTC, BKR, CMCSA, DDOG, CPRT, GOOGL, TMUS, ORLY, PDD, MU, SNPS, ADP, ILMN, MRVL, NVDA, LULU, TEAM, SMCI, AAPL, ANSS, HON, PANW, ZS, AMZN, ODFL, QCOM, TTWO, MNST, VRTX, EXC, GFS, LIN, PEP, ROP, CSGP, CTSH, EA, ADI, DXCM, FANG, MELI, ROST, SNPS,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 3

MELI, ROST, SNPS,

Moving Below 30 DMA = 5

CHTR, CSX, VRSK, WBD, XEL,

Add Comments here:

SPX, NDX Close Higher, Form Bull Flag Setup...Utilities, Financial, Real Estate Lead Sectors Higher...NVDA Bounces Back...Q3 EPS Continue...

© 2024

The SPX +27.21, 5,842, opened flat, trended up, formed a piercing line candle and bull flag setup.  The SPX closed above 5,800 for the fourth time. 

The NDX +0.07%, opened flat, trended down, reversed, rallied and formed a hammer in a bull flag setup.  The NDX is also re-breakout setup.

NVDA +4.12, +3.13%, opened higher, traded in a range and closed higher in a bull flag setup and a horizontal re-breakout.  

First day reaction: Q3, Wednesday

Positive:  UAL, SYF, USB, PLD, JBHT, ABT, OMC, WBA, SCHW, PNC, JNJ, FAST, WFC, JPM, BLK, = 15

Neutral:  STT, BAC, PGR, UNH = 4

Negative:  CFG, BK, DAL, DPZ = 4

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

SPY up 2.52 at 582.30, 30.6 million shares, below average volume, moved above, Oct 14, the low of the high day

VIX down 1.06 at 19.58

QQQ up .06 at 490.91

CSCO, V, UNH, DIS led the DJIA, 21 advancers, +6

UAL, DAL, MS, WBA led the SPX, 358 advancers

WBD, CEG, MU, DXCM, NVDA led the NDX, 54 advancers

Up:   IWM, DIA, SPY, QQQ,

Down: 

Nine of eleven sectors were higher on Wednesday, led by XLU, XLF and XLRE.

The SPY MFC green line is pointed down at 94.7 and is short-term bullish, -1.0, because price moved above the low of the high day, Oct. 14.

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

54 of 100 NDX stocks closed higher on Wednesday.

68 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, PYPL, DASH, FTNT, GEHC, TTD, ADSK, CSCO, BKNG, MAR, FAST, ARM, AVGO, CEG, CRWD, META, PCAR, ABNB, INTC, BKR, CMCSA, DDOG, CPRT, GOOGL, TMUS, ORLY, PDD, MU, SNPS, ADP, ILMN, MRVL, NVDA, LULU, TEAM, SMCI, AAPL, ANSS, HON, PANW, ZS, AMZN, CSX, ODFL, QCOM, TTWO, MNST, VRTX, EXC, GFS, LIN, PEP, ROP, CHTR, CSGP, CTSH, EA, VRSK, ADI, DXCM, FANG, WBD, XEL,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 5

ADI, DXCM, FANG, WBD, XEL,

Moving Below 30 DMA = 5

CDNS, COST, MDB, NFLX, SNPS,

Add Comments here:

SPX, NDX Close Lower on NVDA, Semiconductor, Technology Weakness...IWM Closes Higher...Real Estate, Consumer Staples, Utilities Lead Sectors Higher...

© 2024

The SPX -44.39, 5,815, opened slightly higher, reversed, trended down and closed lower in a counter-trend pullback.  The SPX closed above 5,800 for the third time. 

The NDX -1.37%, opened flat, trended down and closed lower.  The NDX was a breakout test today.

NVDA -4.47, -4.69%, opened flat, trended down and closed in a counter-trend pullback.  

First day reaction: Q3, Monday = 8

Positive:  WBA, SCHW, PNC, JNJ, FAST, WFC, JPM, BLK, = 4

Neutral:  STT, BAC, PGR, UNH = 4

Negative:  BK, DAL, DPZ = 3

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

SPY down 4.54 at 579.78, 54.2 million shares, above average volume

VIX up .94 at 20.64

QQQ down 6.65 at 490.85

BA, WMT, MRK, JNJ led the DJIA, 15 advancers, -6

WBA, CCL, SCHW, NCLH led the SPX, 244 advancers

MRVL, ROST, MNST, MDLZ led the NDX, 40 advancers

Up:   IWM,  

Down:  SPY, DIA, QQQ,

Six of eleven sectors were higher on Tuesday, led by XLRE, XLP and XLU.

The SPY MFC green line turned down at 95.7 and is counter-trend defensive. -1.5

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

40 of 100 NDX stocks closed higher on Tuesday.

68 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, PYPL, DASH, FTNT, GEHC, TTD, ADSK, NFLX, CSCO, BKNG, MAR, FAST, ARM, AVGO, CEG, CRWD, META, PCAR, ABNB, INTC, BKR, CMCSA, DDOG, CPRT, GOOGL, TMUS, ORLY, PDD, MU, SNPS, ADP, ILMN, MRVL, NVDA, LULU, TEAM, SMCI, AAPL, ANSS, CDNS, HON, PANW, SNPS, ZS, AMZN, CSX, ODFL, QCOM, TTWO, MDB, MNST, VRTX, EXC, GFS, LIN, PEP, ROP, CHTR, CSGP, CTSH, EA, VRSK, COST,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

COST,

Moving Below 30 DMA = 15

ADI, AMAT, AMD, ASML, CDW, DXCM, FANG, ISRG, KLAC, LRCX, MCHP, MELI, NXPI, ON, TXN,

Add Comments here: 

SPX, DJIA, NVDA Open Higher Make New All-time Closing High...Technology, Utilities, Real Estate Lead Sectors

© 2024

The SPX +44.82, 5,859, opened higher, trended up and closed at a new all-time-closing high.  The SPX closed above 5,800 for the second time.  The DJI closed at a new all-time-closing high.

The NDX +0.82%, opened higher, trended up and closed higher.  The NDX was a short-term breakout today.

NVDA +3.27, +2.43%, opened higher, trend higher, closed at a new all-time closing high.  

First day reaction: Q3

Positive:  FAST, WFC, JPM, BLK, = 4

Neutral:  = 0

Negative:  BK, DAL, DPZ = 3

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

SPY up 4.74 at 584.32, 36.2 million shares, below average volume

VIX down .76 at 19.70

QQQ up 4.14 at 497.50

AAPL, MCD, TRV, GS led the DJIA, 21 advancers, -7

VST, QCOM, HUM, DAL led the SPX, 398 advancers

ARM, MRVL, QCOM, AMAT led the NDX, 75 advancers

Up:  QQQ, SPY, IWM, DIA,  

Down: 

Ten of eleven sectors were higher on Monday, led by XLK, XLU and XLRE.

The SPY MFC green line is pointed up at 97.2 and is short-term bullish. +3.5

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

82 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, PYPL, DASH, FTNT, GEHC, TTD, ADSK, NFLX, CSCO, BKNG, MAR, FAST, AMD, ARM, AVGO, CEG, CRWD, META, PCAR, ABNB, INTC, BKR, CMCSA, DDOG, CPRT, GOOGL, TMUS, AMAT, ORLY, PDD, LRCX, MU, SNPS, ADP, ADI, ILMN, KLAC, MRVL, NVDA, FANG, LULU, TEAM, SMCI, AAPL, ANSS, ASML, CDNS, CDW, DXCM, HON, PANW, SNPS, ZS, AMZN, CSX, NXPI, ODFL, QCOM, TTWO, MDB, MNST, VRTX, EXC, GFS, ISRG, LIN, MCHP, MELI, PEP, ROP, TXN,  CHTR, CSGP, CTSH, EA, ON, VRSK,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 6 

CHTR, CSGP, CTSH, EA, ON, VRSK,

Moving Below 30 DMA = 1

AMGN,

Add Comments here:

SPX, DJI Close at All-time Closing High...SPX Closes Above 5,800...Financial, Indutrials, Real Estate Lead Sectors...FAST, WFC Lead EPS Reactions...

© 2024

The SPX +36.67, 5,815, opened slightly lower after the PPI report, reversed and closed at a new all-time closing high.  The SPX closed above 5,800 for the first time.  The DJI also closed at a new all-time closing high.

The NDX +0.15%, opened lower, reversed and closed higher.  The NDX is an HBO setup.

NVDA -0.01, -0.01%, traded in a range.  

First day reaction: Q3

Positive:  FAST, WFC, JPM, BLK, = 4

Neutral:  = 0

Negative:  BK, DAL, DPZ = 3

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

SPY up 3.45 at 579.58, 42.2 million shares, below average volume

VIX down .47 at 20.46

QQQ up .77 at 493.36

JPM, BA, GS, AMGN led the DJIA, 28 advancers, +19

UBER, FAST, GWW, WFC led the SPX, 433 advancers

FAST, DASH, PCAR, SMCI led the NDX, 81 advancers

Up:  IWM, DIA, SPY, QQQ,

Down: 

Ten of eleven sectors were higher on Friday, led by XLF, XLI and XLRE.

The SPY MFC green line is pointed up at 93.7 and is short-term bullish. +.6

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

Neutral sectors: XLE,

Down trend sectors: 

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

81 of 100 NDX stocks closed higher on Friday.

77 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, PYPL, DASH, FTNT, GEHC, TTD, ADSK, NFLX, CSCO, BKNG, MAR, FAST, AMD, ARM, AVGO, CEG, CRWD, META, PCAR, ABNB, INTC, BKR, CMCSA, DDOG, CPRT, GOOGL, TMUS, AMAT, ORLY, PDD, LRCX, MU, SNPS, ADP, ADI, ILMN, KLAC, MRVL, NVDA, FANG, LULU, TEAM, SMCI, AAPL, ANSS, ASML, CDNS, CDW, DXCM, HON, PANW, SNPS, ZS, AMZN, CSX, NXPI, ODFL, QCOM, TTWO, MDB, MNST, VRTX, AMGN, EXC, GFS, ISRG, LIN, MCHP, MELI, PEP, ROP, TXN,  

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 10 

AMGN, EXC, GFS, ISRG, LIN, MCHP, MELI, PEP, ROP, TXN,

Moving Below 30 DMA = 1

TSLA,

Add Comments here:

SPX, NDX Close Slightly Lower after CPI Report 0.1% Higher Than Expected...Energy, Basic Materials Lead Sectors...JPM, WFC + 3 Report EPS BMO Friday as Earnings Season Kicks Off...

© 2024

CPI report BMO came in 0.1% higher than consensus estimate.  M/M 0.2% vs 0.1% est., Y/Y 2.4% vs 2.3% est, Core CPI M/M 0.3% vs 0.2% est., Y/Y 3.3% vs 3.2%.  Futures sold off and the SPX and other indexes opened lower before bouncing off support lows. 

The SPX -11.99, 5,780, opened lower after the CPI report, completed a BO test at support, rallied and traded in a range closing above Wednesday’s S1 level.  The SPX closed above 5,700 for the fourteenth time since Sept. 19.  The DJI closed slightly lower and above Wednesday’s S1 level.

The NDX -0.13%, opened lower, traded in a range and closed slightly lower.  The NDX is an HBO setup.

NVDA +2.16, +1.63%, opened lower, reversed and closed higher just 77 cents below its all-time closing high on June 18. 

Earnings reactions: DPZ, -1.08%, DAL -1.08%

SPX EPS reports

Friday: BK, BLK, FAST, JPM, WFC, 

PPI report Friday 8:30 am ET BMO

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

SPY down 1.01 at 576.14, 44.0 million shares, below average volume

VIX up .07 at 20.93

QQQ down .56 at 492.59

UNH, AMZN, CRM, TRV led the DJIA, 9 advancers, -19

CRWD, BBWI, MOS, MU led the SPX, 164 advancers

MDB, CRWD, ZS, DDOG, TEAM led the NDX, 37 advancers

Up: 

Down:  DIA, QQQ, SPY, IWM,

Two of eleven sectors were higher on Thursday, led by XLE, XLB and XLK

The SPY MFC green line is pointed up at 93.1 and is short-term bullish. +3.1

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

Neutral sectors: XLE,

Down trend sectors: 

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

37 of 100 NDX stocks closed higher on Thursday.

68 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, PYPL, DASH, FTNT, GEHC, TTD, ADSK, NFLX, CSCO, BKNG, MAR, FAST, TSLA, AMD, ARM, AVGO, CEG, CRWD, META, PCAR, ABNB, INTC, BKR, CMCSA, DDOG, CPRT, GOOGL, TMUS, AMAT, ORLY, PDD, LRCX, MU, SNPS, ADP, ADI, ILMN, KLAC, MRVL, NVDA, FANG, LULU, TEAM, SMCI, AAPL, ANSS, ASML, CDNS, CDW, DXCM, HON, PANW, SNPS, ZS, AMZN, CSX, NXPI, ODFL, QCOM, TTWO, MDB, MNST, VRTX,  

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 3

MDB, MNST, VRTX,  

Moving Below 30 DMA = 9

CHTR, COST, CTSH, EXC, ISRG, MCHP, SBUX, TXN, VRSK,

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