Tuesday, November 21, 2023

SPX Closes Lower as Volume Drops Before Thanksgiving Day Holiday...Happy Thanksgiving...


© 2023


The SPX -9.19 opened lower, traded in a range and closed lower.  Tuesday was on of the lightest volume days of the year as markets moved toward the Thanksgiving Holiday.

After-hours: NVDA -8.69, -1.74% after revenues, earnings and guidance beat.


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


SPY down .99 at 453.27 on 49.2 million shares, below average volume, closed lower on lower volume. 
VIX down .06 at 13.35
QQQ down 2.27 at 388.47


TRV, VZ, KO, V led the DJIA, 11 advancers, -10
A, WAT, MDT, XRAY led the SPX, 229 advancers
EBAY, TSLA, PANW, FTNT led the NDX, 38 advancers.

The two-year trend term is sideways.  The one-year trend is up.

Up
DownDIA, SPY, QQQ, IWM,

Four of eleven sectors were higher on Tuesday, led by XLV, XLB and XLP.

The SPY MFC green line is sideways at 97.1 and is short-term bullish.  SPY opened lower and closed lower.

Uptrend sectors:   XLC, XLK, XLF, XLY, XLE,
Neutral sectors:  XLI, XLB, XLV, XLU, XLRE,
Down trend sectors:  XLP,

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 TrendUp


38 of 100 NDX stocks closed higher on Tuesday.

81 NDX stocks are above their 30 DMA:  FAST, MSFT, LULU, NFLX, DLTR, ORLY, INTC, AEP, AMZN, CEG, CRWD, CTAS, ROST, TMUS, ADBE, ASML, CDNS, DXCM, GEHC, KDP, KLAC, MDLZ, MELI, SNPS, AMD, AVGO, HON, META, MNST, MU, PEP, QCOM, SIRI, AAPL, AMAT, CPRT, EA, KHC, LRCX, NVDA, SBUX, COST, CSGP, PCAR, PDD, WDAY, ZS, BKNG, DDOG, INTU, MAR, MRVL, VRSK, ADI, ADSK, ANSS, IDXX, ISRG, MCHP, PAYX, ABNB, CSX, CTSH, GFS, GOOGL, NXPI, ODFL, PYPL, TEAM, TMUS, TXN, XEL, ZM, JD, WBD, ADP, CMCSA, ENPH, PANW, EBAY,


NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 1
EBAY,


Moving Below 30 DMA = 0




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1 comment:

TraderBobb said...

Dave:
Thank you for continuing to post.
Still miss those Thursday Night Active Trader.
You'd still be going when they turned out the lights.
Thanks for all your extra efforts.

Wishin' you and yours a Happy Thanksgiving.

Robert
CANI_212