© 2024
The SPX -5.97, 5,346, opened lower after the Jobs Report came in higher than
expected, traded in a range, made a new all-time intraday high and closed lower.
The NDX -0.11% also opened lower, made
a new all-time intraday high and closed slightly lower. Breadth weakened on Friday.
The Jobs Report was
272K new jobs vs 182K expected, unemployment rate 4.1% vs 3.9% expected.
NVDA -1.10, -0.09%, 1,208.88,
opened lower, traded in a range and closed slightly lower. 10 for 1 split to take effect on June
7 after the close, reflected in the stock price Monday June 10.
Mega caps AAPL rose and NVDA, META, MSFT, TSLA, AMZN, GOOGL fell on Friday.
SPY down 0.01 at 534.66 on 30.8 million shares, below average volume, lightest
daily volume of 2024
VIX down .05 at 12.58
QQQ down .16 at 463.37
MMM, TRV, JPM, AAPL led the DJIA, 15 advancers, -2
APD, ABT, LVS, COF led the SPX, 183 advancers
CRWD, PANW, ADP, ADBE led the NDX, 32 advancers
Up:
Down: QQQ, SPY, DIA, IWM,
Four of eleven sectors were higher on Friday, led by XLF, XLK
and XLV.
The SPY
MFC green line is pointed up at 92.9 and is short-term bullish.
Uptrend sectors: XLU, XLP,
XLC, XLK, XLI, XLF, XLB, XLE,
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 Trend: Up
32 of 100 NDX stocks
closed higher on Friday.
58 NDX stocks are above their 30
DMA: AZN,
GOOGL, KDP, PDD, MRNA, TXN, NXPI, TSLA, COST, AMGN, TTD, VRSK, AAPL, ADI, ON,
QCOM, REGN, AMAT, BKNG, KLAC, NVDA, FANG, NFLX, SNPS, VRTX, ISRG, CHTR, MU, AMD,
BKR, TMUS, TTWO, EA, CDW, ROST, BIIB, HON, WBD, CCEP, CMCSA, META, ROP, SBUX, MSFT,
ADSK, AVGO, CRWD, LIN, LRCX, PCAR, ZS, ADP, AMZN, ILMN, PYPL, PAYX,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 1
PAYX,
Moving Below 30 DMA = 2
CTAS, TSLA,
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