SPX, NDX, NVDA Surge and Make New All-time Closing Highs...Technology, Communication Services, Industrials Lead Sectors...GL Turns Up...

© 2024

The SPX +62.69, 5,354, opened higher, traded higher and closed at a new all-time closing high. The NDX +2.049% also closed at a new all-time closing high. Breadth strengthened on Wednesday.

NVDA +60.03, +5.16%, 1,224.40, opened higher, trended up and closed at new all-time high.  10 for 1 split to take effect on June 7.

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

SPY up 6.28 at 534.67 on 47.6 million shares, below average volume

VIX down .53 at 12.63

QQQ up 9.16 at 463.53

INTC, MSFT GS, AMZN led the DJIA, 17 advancers, -4

HPE, MRNA, AVGO, MU, LUMN led the SPX, 320 advancers 

CRWD, ASML, MRNA, AVGO led the NDX, 76 advancers

Up:  QQQ, IWM, SPY, DIA,

Down: 

Seven of eleven sectors were higher on Wednesday, led by XLK, XLC and XLI. 

The SPY MFC green line turned up at 86.5 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

76 of 100 NDX stocks closed higher on Wednesday.

58 NDX stocks are above their 30 DMA:  AZN, GOOGL, KDP, PDD, MRNA, MCHP, 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, XEL, CTAS, MSFT, ADSK, ANSS, AVGO, CEG, CRWD, LIN, LRCX, PCAR, ZS,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 9

ADSK, ANSS, AVGO, CEG, CRWD, LIN, LRCX, PCAR, ZS,

Moving Below 30 DMA = 3

AEP, DLTR, MELI,

Add Comments here: