© 2024
The SPX -14.83 opened slightly lower and traded inside of Tuesday’s range
on heavy volume, closed near Tuesday’s S-1 level and above its 10 DMA.
The PPI Report was above expectations:
PPI M/M 0.6% vs
0.3% est., Y/Y 1.6% vs 1.2%
Core PPI M/M 0.6%
vs 0.2% est., Y/Y 2.0% vs 2.0% prior
NVDA -29.44, -3.24%, 879.44, pulled back and closed below Tuesday’s
high and is again a bull flag setup.
LEN -12.64, -7.64%, DG -8.11, -5.13%, closed lower on negative earnings
reactions.
After-hours: ADBE -62.46, -10.95%,
gaps lower on a negative earnings reaction.
Mega caps MSFT, GOOGL, AMZN,
AAPL rose and META, NVDA, TSLA fell on Thursday.
SPY down 1.02 at 514.95 on 110.1 million
shares, above average volume, closed lower on higher volume
VIX up .65 at 14.40
QQQ down 1.11 at 439.14
MSFT, AMZN, CVX, AAPL led the DJIA, 7 advancers, -11
WST, FTI, HAL, WRK led the SPX, 111 advancers
MSFT, GOOGL, ORLY, FANG led the NDX, 30 advancers
Up:
Down: SPY, QQQ, DIA, IWM,
Two of eleven sectors were up on Thursday, led by XLE, XLK and
XLC
The SPY
MFC green line is turned down at 88.4 and is counter-trend defensive.
Uptrend sectors: XLF, XLI,
XLE, XLB, XLP, XLC, XLK, XLY, XLV,
Neutral sectors: XLRE, 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
30 of 100 NDX stocks
closed higher on Thursday.
52 NDX stocks are above their 30
DMA: CTAS,
ROST, META, SPLK, NVDA, AMZN, DASH, LRCX,
NFLX, CDNS, ORLY, AMAT, ASML, CDW, FAST, KLAC, PCAR, ABNB, CEG, NXPI, GEHC, QCOM,
FANG, AEP, MAR, CCEP, EXC, TMUS, AMD, CPRT, MU, CSGP, MNST, BKR,
TXN, AZN, DXCM, MCHP, MRNA, ADI, CRWD, GILD, ADSK, CMCSA, CSCO, PYPL,
ROP, LULU, MSFT, CHTR, GOOGL,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 1
GOOGL,
Moving Below 30 DMA = 10
COST, CSX, FTNT, HON, INTU, ODFL, ON,
PAYX, REGN, TTD,
Add Comments here:
No comments:
Post a Comment