© 2024
The SPX +44.91, 5248.49, a new all-time
closing high, opened higher and traded in a positive range most of the
day, rallied during the last 45 minutes of the day, bouncing above the high of
the low day in a bull flag bounce to close higher.
CTAS +52.24, +8.25% led
the NDX on a positive EPS reaction today.
NVDA -23.11, -2.50%, 902.50,
opened higher, reversed and closed lower.
Markets are closed on Good Friday for a 3-day Easter Holiday
weekend.
The PCE Index will be reported on Friday morning
at 8:30 am ET. Jerome Powell is scheduled to participate in a
Moderated Discussion at the Federal Reserve Bank of San Francisco
Macroeconomics and Monetary Policy Conference at 11:30 am ET.
Mega caps AAPL, TSLA, AMZN, GOOGL
rose and MSFT, META, NVDA fell on Wednesday.
SPY up 4.36 at 523.17, on 82.9 million
shares, above average volume, closed higher on higher volume
VIX down .46 at 12.78
QQQ up 1.51 at 444.83
MRK, INTC, BA, CAT led the DJIA, 27 advancers, +15
ENPH, FSLR, CTAS, ALB, NCLH led the SPX, 452 advancers
CTAS, MRVL, DLTR, ON led the NDX, 73 advancers
Up: IWM, DIA, SPY, QQQ,
Down:
All eleven sectors were up on Wednesday, led by XLU, XLRE and XLI
The SPY
MFC green line is pointed down at 90.7 and is counter-trend defensive.
Uptrend sectors: XLF, XLI,
XLC, XLE, XLB, XLK, XLV, XLP, XLY,
Neutral sectors: XLU, XLRE,
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
73 of 100 NDX stocks
closed higher on Wednesday.
64 NDX stocks are above their 30
DMA: CTAS,
META, SPLK, NVDA, AMZN, DASH, NFLX, ORLY,
AMAT, CDW, FAST, KLAC, PCAR, ABNB, CEG, QCOM, FANG, CCEP, EXC, CPRT, MU,
CSGP, MNST, BKR, AZN, DXCM, MCHP, MRNA, CMCSA, PYPL, MSFT, GOOGL, ISRG, ANSS,
CRWD, LRCX, MAR, PEP, ASML, CDNS, HON, KHC, ROP, SNPS, TTD, ADSK, CSCO, AVGO,
BKNG, AMGN, KDP, ADI, ADP, AEP, CHTR, GEHC, GILD, ILMN, INTC, MRVL, NXPI, ROST, TXN,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 12
ADI, ADP, AEP, CHTR, GEHC, GILD, ILMN,
INTC, MRVL, NXPI, ROST, TXN,
Moving Below 30 DMA = 0
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