Friday, February 9, 2024

SPX, NDX Make all-time New Closing Highs as SPX Closes Above 5,000 for First Time...Technology, Consumer Discretionary, Utilities Lead Sectors...MSFT, NVDA New all-time Closing Highs...


 © 2024


The SPX +28.70, and NDX closed at new all-time closing highs again today and the SPX closed above 5,000 for the first time at 5.026.61NDX gainers AMAT, LRCX, MDB, ASML, AMZN, PANW, ZS, WDAY, ADSK, CRWD and MSFT made 52-week closing highs on Friday.

NVDA +24.92 also rallied to a new all-time closing high at 721.33, after a $4.58 pullback on Thursday. 


First day reaction: Q4 as of Friday, day 20 of Q4 earnings season.

Positive: 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 = 134

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 NVDA, AMZN, GOOGL, TSLA, MSFT, AAPL rose, and META fell on Friday.


SPY up 2.88 at 501.20 on 63.9 million shares, below average volume, closed higher on higher volume. 
VIX up 0.14 at 12.93
QQQ up 4.26 at 437.05


INTC, MSFT, IBM, HON led the DJIA, 13 advancers, +3
AMAT, FSLR, PYPL, ETSY, ENPH led the SPX, 301 advancers 
AMAT, LRCX, MDB, KLAC led the NDX, 67 advancers.


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

Up:  IWM, QQQ, SPY,
DownDIA,

Eight of eleven sectors were higher on Friday, led by XLK, XLY and XLU.

The SPY MFC green line turned up at 95.4 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


67 of 100 NDX stocks closed higher on Friday.

63 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, AAPL, GEHC, PAYX, SBUX, ON, QCOM, TTD, ADI, ANSS, EA, MU,

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 1
MU,


Moving Below 30 DMA = 5
DXCM, ILMN, MDLZ, PEP, TTWO,




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