Wednesday, May 15, 2024

SPX, NDX, SPY, QQQ Close at New All-time Closing High...SPX Closes above 5,300 for First time...Technology, Real Estate, Utilities Lead All Sectors Higher...

 
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The SPX +61.47, 5,308, closed at a new all-time closing high as did the NDX, SPY, QQQ and many other stocks.  The SPX closed above 5,300 for the first time ever.  Today the SPX moved higher after the CPI was inline with estimates.  Core CPI M/M 0.3% vs 0.3% est. and Y/Y 3.6% vs. 3.6% est. and down from 3.8% last month. 

NVDA +32.74, +3.58%, 946.30, opened higher, trended higher and closed higher.

This week’s SPX earnings include HD, CSCO, WMT, DE, AMAT, TTWO, CPRT


Mega caps NVDA, META, MSFT, GOOGL, AAPL rose and AMZN, TSLA fell on Wednesday.


SPY up 6.48 at 529.78 on 59.5 million shares, below average volume
VIX down .97 at 12.45
QQQ up 6.97 at 452.90

CRM, AMGN, HD MRK led the DJIA, 17 advancers, +4
SMCI, DHI, MTX, VST led the SPX, 356 advancers 
IDXX, MDB, TTD, AMD led the NDX, 75 advancers

Up:  QQQ, IWM, SPY, DIA,
Down

All eleven sectors were higher on Wednesday, led by XLK, XLRE and XLU.


The SPY MFC green line is pointed up at 91.8 and is short-term bullish.


Uptrend sectors:  XLU, XLP, XLI, XLF, XLC, XLB, XLE, XLK,
Neutral sectors:  XLY, XLV, 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 TrendUp


75 of 100 NDX stocks closed higher on Wednesday.

70 NDX stocks are above their 30 DMA:  AZN, GOOGL, KDP, XEL, PEP, AEP, EXC, MDLZ, PANW, PDD, MRNA, CCEP, MCHP, TXN, NXPI, TSLA, BIIB, COST, AMGN, TTD, VRSK, AAPL, ADI, AMZN, MELI, ON, QCOM, REGN, AMAT, BKNG, CEG, CRWD, CTAS, INTU, KLAC, NVDA, FANG, GFS, HON, NFLX, SNPS, VRTX, AVGO, ADP, BKR, IDXX, ISRG, MSFT, PAYX, CHTR, MU, CSCO, GILD, MDB, TSLA, ADBE, AMD, ANSS, ASML, BKR, CDNS, CPRT, CTSH, LRCX, META, MRVL, ROP, TMUS, TTWO, ZS,

NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 15
ADBE, AMD, ANSS, ASML, BKR, CDNS, CPRT, CTSH, LRCX, META, MRVL, ROP, TMUS, TTWO, ZS,


Moving Below 30 DMA = 4
CMCSA, MNST, WBA, WBD,



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