© 2024
The SPX -7.35, 5234.18, as
the post-FOMC rally pauses before the Good Friday shortened 4 -day trading
week.
FDX +19.47, +7.35% on a positive
EPS reaction. LULU -75,65 -15.80% on a
negative EPS reaction
NVDA +28.54, +3.12%, 942.89, opened slightly lower, rallied
from the open and closed higher. UBS
raised its price target to $1,100 from $800 as twenty firms now have price
targets at $1,000 to $1,400.
Mega caps NVDA, GOOGL, AAPL, AMZN,
META rose and MSFT, TSLA fell on Friday.
SPY down .99 at 521.21, on 79.0 million
shares, above average volume, closed lower on higher volume
VIX up .14 at 13.06
QQQ up .51 at 446.38
BA, AAPL, AMZN, INTC led the DJIA, 6 advancers, -12
FDX, NVDA, AES, CLX, BDX led the SPX, 122 advancers
NVDA, CEG, GOOGL, MRNA led the NDX, 31 advancers
Up: QQQ,
Down: SPY, DIA, IWM,
Three of eleven sectors were up on Friday, led by XLI, XLF and
XLE
The SPY
MFC green line is pointed up at 91.5 and is short-term bullish.
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
31 of 100 NDX stocks
closed higher on Friday.
61 NDX stocks are above their 30
DMA: CTAS,
META, SPLK, NVDA, AMZN, DASH, NFLX, ORLY,
AMAT, CDW, FAST, KLAC, PCAR, ABNB, CEG, GEHC, QCOM, FANG, AEP, CCEP, EXC,
CPRT, MU, CSGP, MNST, BKR, TXN, AZN, DXCM, MCHP, MRNA, CMCSA, PYPL, MSFT,
GOOGL, ISRG, ANSS, CRWD, LRCX, MAR, PEP, ASML, CDNS, HON, KHC, REGN, ROP, SNPS,
TTD, ADI, ADP, ADSK, CSCO, NXPI, ODFL, AVGO, BKNG, ILMN, TTWO, MDLZ,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 1
MDLZ,
Moving Below 30 DMA = 7
CHTR, COST, CSX, GILD, LULU, PAYX, ROST,
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