© 2024
The SPX +8.56, 4,697.24 opened higher for
the first time this week, traded in a range and closed higher just above its
Dec 20 short-term support.
The Jobs Report was higher, 216K vs 164K, than expected but
contained a downward revision of Oct and Nov by a total of 71K jobs essentially
offsetting the Dec higher than expected numbers.
CPI report Thursday, Jan 11.
PPI report Friday, Jan 12.
Mega caps NVDA, META, AMZN rose
and MSFT, TSLA, AAPL, GOOGL fell on Friday.
SPY up .64 at 467.92 on 86.1 million
shares, above average volume, closed higher on higher volume.
VIX down .78 at 13.35
QQQ up .47 at 396.75
WBA, VZ, BA, HD led the DJIA, 17 advancers, +1
CTLT, LUV, AAL, VTRS led the SPX, 280 advancers
MRVL, PYPL, DDOG, NVDA led the NDX, 47 advancers.
The two-year trend term is sideways. The
one-year trend is up.
Up: SPY, QQQ, DIA,
Down: IWM,
Seven of eleven sectors were higher on Friday, led by XLF, XLC
and XLU.
The SPY
MFC green line is pointed down at 73.8 and is defensive.
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 sideways.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Down
47 of 100 NDX stocks
closed higher on Friday.
52 NDX stocks are above their 30
DMA: LULU, DLTR, INTC, AEP, CRWD, CTAS, ROST, TMUS, DXCM, AMD,
HON, QCOM, KHC, COST, PCAR, PDD, ZS, BKNG, MAR, IDXX, ISRG, CSX, TXN, XEL, MRNA,
TEAM, REGN, AMGN, GILD, ILMN, BIIB, WBA, AVGO, MRVL, MU, ANSS, FTNT,
GEHC, SIRI, AZN, META, VRTX, CSCO, CCEP, SPLK,
FANG, GOOG, MNST, ADP, MDLZ, PEP, ADSK, CMCSA, NVDA, PYPL,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 3
CMCSA, NVDA, PYPL,
Moving Below 30 DMA = 8
CTSH, GOOGL, KDP, NFLX, TTWO, VRSK,
WBD, WDAY,
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