© 2024
The SPX +1.77 opens slightly higher, traded in a range and inched to a new
all-time closing high. The DJI
also made a new all-time closing high.
The NDX closed lower as the Technology, Communication Services and
Consumer Discretionary sectors closed lower on Friday.
NVDA +2.79, +0.36%, opened higher, traded in a range, held onto Thursday
record gains and made a new all-time closing high.
PANW +14.27, +5.33%, recovered slightly from Wednesday’s massive gap down on
lowered guidance.
AMZN will replace WBA in the DJIA, on Monday, Feb 26, 2024.
Mega caps NVDA, AMZN rose
and GOOGL, MSFT, META, AAPL, TSLA fell on Friday.
SPY up .35 at 507.85 on 61.3 million shares, below average volume, closed
higher on lower volume.
VIX down .79 at 13.75
QQQ down 1.29 at 436.78
AMGN, JNJ, IBM, WBA led the DJIA, 21 advancers, -1
PANW, D, ETSY, IRM, HSIC led the SPX, 336 advancers
PANW, ZS, CPRT, ADBE led the NDX, 53 advancers
The two-year trend term is sideways. The
one-year trend is up.
Up: IWM, DIA, SPY,
Down: QQQ,
Seven of eleven sectors were up on Friday, led by XLU, XLB and
XLI
The SPY
MFC green line turned down at 89 and is counter-trend defensive.
Uptrend sectors: XLK,
XLV, XLI, XLC, XLF, XLP, XLY, XLRE, XLB,
Neutral sectors: XLU, 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
53 of 100 NDX stocks
closed higher on Friday.
67 NDX stocks are above their 30
DMA: CTAS,
ROST, COST, ISRG, REGN, AVGO, META, SPLK,
ADP, ADSK, NVDA, AMZN, DASH, LRCX, MSFT, NFLX, WDAY, CDNS, ORLY, AMAT, ASML,
CDW, FAST, INTU, KLAC, PCAR, ABNB, SNPS, CEG, CSX, DLTR, ODFL, IDXX, NXPI, GEHC,
PAYX, SBUX, ON, QCOM, TTD, EA, FANG, AEP, CTSH, MAR, ROP, CCEP, EXC,
HON, TMUS, TXN, AMD, ANSS, CPRT, CRWD, DDOG, FTNT, MDB, MDLZ, MU, AZN, BKR, CSGP,
PEP, VRSK, VRTX,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 6
AZN, BKR, CSGP, PEP, VRSK, VRTX,
Moving Below 30 DMA = 4
BKNG, MELI, MRNA, MRVL,
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