Monday, February 12, 2024

SPX, NDX Hit New Intra-day High, Close Lower...DJI New Closing High...Utilities, Energy, Basic Materials Lead Sectors...After-hours - ANET, CDNS Negative EPS Reactions...


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The SPX -4.77, and NDX made all-time intra-day highs but closed lower while the DJI made an all-time closing high at 38,797.   The SPX closed above 5,000 for the second day in a row at 5.021NDX gainers ABNB, NXPI, and NVDA, made 52-week closing highs on Monday. 

NVDA +1.15 inched to a new all-time closing high at 722.48, after a $24.92 rally on Friday. 

TRMB +2.18, +4.15% on positive EPS reactions. 

After-hours:  WM +5.88, +3.12% on positive EPS reactions.  ANET -19.08, -6.79%, CDNS -20.58, -6.71% on a negative EPS reaction.


Tuesday BMO: HAS, HWM, INCY, KO, LDOS, MAR, MCO, TAP, ZTSAMC: ABNB, AIG, AKAM, DVA, EQT, ES, INVH, MGM, WELL.

First day reaction: Q4 as of Monday, day 21 of Q4 earnings season.
Positive: TRMB, FE, RL, DIS, TPR, NWSA, WYNN, MOH, ICE, EFX, HSY, MAS, BAX, K, GL, ALL, COP, ENPH, EMR, CMG, F, PRU, VLTO, AIZ, FTNT, JKHY, CVS, CDW, AMCR YUM, IEX, GEHC, DD, WTW, SPG, XYL, CMI, LIN, J, WAT, CNC, EL, ON, IDXX, TSN, CAT, META, AMZN, CLX, GWW, CI, HIG, CVX, CPT, CTVA, PH, ETN, TT, BALL, QRVO, MRK, TSCO, DOV, MO, CMS, ALGN, RVTY, BDX, WEC, SYK, COR, BA, FTV, ADP, BSX, MTCH, EQR, PSX, MSCI. GM, SYY, NUE, GLW, MPC, HCA, DHR, HUBB, AXP, COF, LHX, CL, URI, AAL, IBM, RMD, WRB, CCI, MKC, PKG, DOW, CMCSA, VLO, BX, LRCX, STX, CSX, NEE, RJF, XEL, LVS, NFLX, TXT, TEL, GD, FCX, APH, VZ, RTX, UAL, BRO, PG, PCAR, HAL, TRV, RF, HBAN, FITB, SLB, STT, FAST, JBHT, MTB, CFG, BK, C = 135

Neutral:  MSI, MHK, CTLT, MAA, KIM, TROW, DTE, HLT, UBER, ATO, DAY, UDR, CTSH, NXPI, LLY, AME, L, ABBV, BMY, XOM, AAPL, RCL, AVB, PTC, DGX, MA, CB, SWKS, EA, JNPR, AVY, FFIV, NVR, PHM, PNR, BEN, TMUS, WY, SHW, AMP, NOW, UNP, STLD, ELV, ISRG, SYF, GE, CMA, TFC, GS, PNC, BLK, JPM = 53

Negative: EXPE, TTWO, DXCM, MTD, ILMN, PEAK, PEP, REG, VRSN, PYPL, SINA, FLT, EG, BWA, KVUE, SPGI, MCK, ORLY, ZBH, DUK, PM, STE, PAYC, TDG, IPG, VFC, FOXA, AMGN, CINF, GILD, OMC, BF, EW, ESS, FMC, CARR, VRTX, FI, IT, APD, MCD,  CHTR, GEN, EMN, HOLX, AON, CHD, LYB, MCHP, REGN, CBOE, CHRW, AFL, MET, QCOM, IP, CAH, WRK, TECH, HON, ITW, SWK, BR,  MKTX, ROK, TER, GOOGL, APTV, BXP, TMO, ROP, MSFT, AMD, RHI, HES, OTIS, MDLZ, ODFL, NDAQ, SBUX, UPS, WHR, ARE, JCI, AOS, PFE, INTC, FICO, KLAC, WDC, AJG, V, NSC, TSLA, HUM, NOC, MMC, LUV, KMB, TDY, BKR, T, ABT, TXN, MMM, DHI, IVZ, LMT, JNJ, ZION, PPG, DFS, KEY, NTRS, KMI, PLD, USB, SCHW, MS, DAL, UNH, WFC, BAC, = 123


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


SPY down 0.22 at 500.98 on 56.4 million shares, below average volume, closed slightly lower on lower volume. 
VIX up 1.00 at 13.93
QQQ down 1.71 at 435.34

NKE, GS, MMM, WBA led the DJIA, 19 advancers, +6
VFC, MHK, ENPH, MTCH led the SPX, 331 advancers 
FANG, ABNB, TTD, WBD led the NDX, 42 advancers

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

Up:  IWM, DIA,
DownSPY, QQQ,

Eight of eleven sectors were higher on Monday, led by XLU, XLE and XLB.

The SPY MFC green line turned up at 96.4 and is short-term bullish. 

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 TrendUp


42 of 100 NDX stocks closed higher on Monday.

64 NDX stocks are above their 30 DMA:  CRWD, CTAS, ROST, AMD, COST, ZS, MAR, ISRG, REGN, AVGO, MRVL, FTNT, META, SPLK, ADP, ADSK, NVDA, AMZN, CTSH, DASH, DDOG, LRCX, MSFT, NFLX, WDAY, PANW, MELI, CDNS, ORLY, VRSK, AMAT, ASML, CDW, FAST, INTU, KLAC, PCAR, ABNB, ADBE, SNPS, CEG, CSX, MDB, BKNG, CPRT, DLTR, ROP, ODFL, GOOGL, IDXX, NXPI, GEHC, PAYX, SBUX, ON, QCOM, TTD, ADI, EA, MU, FANG, ILMN, PEP,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
FANG, ILMN, PEP,


Moving Below 30 DMA = 2
AAPL, ANSS,



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