© 2024
The SPX -33.67 opened slightly higher, reversed after NVDA and
technology stocks reversed and closed lower.
The Jobs Report produced 275K new jobs vs. 190K expected
and an Unemployment Rate of 3.9% vs. 3.7% expected.
MRVL -9.67, -11.36%, COST -60.03, -7.64%, AVGO
-98.29, -5.55%, gapped down and closed lower
on negative earnings reactions.
NVDA -51.41, -5.55%, 875.28, reversed
from a higher open and closed lower after buying exhausted and supply exceeded
demand after the first hour of trading.
The CPI Report will be released Tuesday
at 8:30 am ET.
Mega caps AAPL, GOOGL rose
and MSFT, AMZN, META, TSLA, NVDA fell on Friday.
SPY down 3.09 at 511.72 on 86.5 million
shares, above average volume, closed lower on higher volume
VIX up .30 at 14.74
QQQ down 6.43 at 439.02
MMM, CSCO, AAPL, NKE led the DJIA, 13 advancers, -3
ETSY, CCL, MRNA, GNRC led the SPX, 250 advancers
MRNA, TEAM, CMCSA, GILD led the NDX, 35 advancers
The two-year trend term is sideways. The
one-year trend is up.
Up:
Down: IWM, DIA, SPY, QQQ,
Four of eleven sectors were up on Friday, led by XLRE, XLE and
XLU
The SPY
MFC green line turned down at 87.3 and is counter-trend
defensive.
Uptrend sectors: XLI,
XLF, XLY, XLB, XLV, XLP, XLK, XLC, XLRE,
Neutral sectors: XLE, XLU,
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 a little
35 of 100 NDX stocks
closed higher on Friday.
59 NDX stocks are above their 30
DMA: CTAS,
ROST, ISRG, REGN, AVGO, META, SPLK, NVDA,
AMZN, DASH, LRCX, NFLX, CDNS, ORLY, AMAT, ASML, CDW, FAST, KLAC, PCAR, ABNB,
SNPS, CEG, CSX, DLTR, ODFL, IDXX, NXPI, GEHC, ON, QCOM, TTD, FANG, AEP, MAR,
CCEP, EXC, TMUS, AMD, CPRT, FTNT, MU, CSGP, MNST, BKR, MRVL, TXN,
AZN, DXCM, MCHP, MRNA, ADI, ANSS, CRWD, HON, INTC, GILD, INTU,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 2
GILD, INTU,
Moving Below 30 DMA = 2
COST, MSFT,
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