Tuesday, December 26, 2023

SPX Closes Higher Near All-time of 4,418...Energy, Real Estate, Industrials Lead all Sectors Higher...


© 2023


The SPX +20.12 opened higher, trended up and closed higher on light volume.  The SPX closed one percent or 44 points below its all-time high of 4,818 on Jan 4, 2022.

ROKU, ENPH, ZION, UPST, SHOP NAIL NET and TSLA were among Tuesday’s leading advancers.


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


SPY up 2.00 at 475.65 on 55.3 million shares, below average volume, closed higher on lower volume. 
VIX down .04 at 12.99
QQQ up 2.50 at 410.88


INTC, CAT, MMM, WBA led the DJIA, 21 advancers, -1
INTC, APA, EIX, CTLT, TER led the SPX, 415 advancers 
INTC, GFS, AMD, MRNA, DLTR led the NDX, 87 advancers.


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

Up:  IWM, QQQ, SPY, DIA,
Down

All eleven sectors were higher on Tuesday, led by XLE, XLRE and XLI.

The SPY MFC green line is pointed up at 93.3 and is short-term bullish. 


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


87 of 100 NDX stocks closed higher on Tuesday.

91NDX stocks are above their 30 DMA:  FAST, LULU, DLTR, INTC, AEP, AMZN, CRWD, CTAS, ROST, TMUS, ASML, DXCM, KDP, KLAC, MELI, AMD, HON, QCOM, AAPL, AMAT, EA, KHC, LRCX, COST, CSGP, PCAR, PDD, WDAY, ZS, BKNG, DDOG, INTU, MAR, ADI, IDXX, ISRG, MCHP, ABNB, CSX, CTSH, NXPI, PYPL, TSLA, TXN, XEL, WBD, PANW, MRNA, ADSK, TEAM, REGN, AMGN, GILD, ILMN, ON, BIIB, WBA, AVGO, CMCSA, NFLX, MRVL, MU, TTD, ANSS, CDNS, FTNT, GEHC, GFS, SIRI, AZN, META, NVDA, VRTX, CSCO, ODFL, CCEP, CDW, DASH, MDB, ROP, SPLK, TTWO, BKR, FANG, GOOGL, MNST, MSFT, ADP, MDLZ, PEP,

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 0



Moving Below 30 DMA = 0




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