© 2024
The SPX +8.96, 5,625, opened lower, reversed and closed higher just 41 points
below its all-time closing high on July 16, 2024. The VIX opened higher, reversed and
closed lower.
The NDX +0.33%, opened lower, reversed and rallied to close higher.
NVDA +1.84, +1.46%, after Truist maintains its Buy
rating and adjusts its price target to $145 from $140. Reports EPS tomorrow, Wednesday, Aug 28, AMC.
Mega caps NVDA, AAPL, MSFT rose
and META, GOOGL, AMZN, TSLA fell on Tuesday.
SPY up .77 at 561.56, 32.6 million
shares, below average volume, C-pattern BO continuation, nearing 6-week HBO
VIX down .72 at 15.43
QQQ up 1.42 at 476.76
NKE, HON, V, KO led the DJIA, 15 advancers, -6
RMD, PODD, RCL, NCLH led the SPX, 243 advancers
SBUX, ADI, QCOM, BKNG led the NDX, 55 advancers
Up: QQQ, SPY, DIA,
Down: IWM,
Seven of eleven sectors were higher on Tuesday,
led by XLK, XLF and XLRE.
The SPY MFC green line is
pointed up at 91 and is short-term bullish.
Uptrend sectors: XLV, XLP,
XLRE, XLU, XLF, XLI, XLC, XLB, XLK,
Neutral sectors: XLY, XLE,
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
55 of 100 NDX stocks
closed higher on Tuesday.
68 NDX stocks are above their 30
DMA: CHTR,
EA, CTAS, GILD, AEP, CTSH, ILMN, ADP, PAYX, EXC, XEL, KHC, PEP, ORLY, MDLZ, KDP,
PYPL, AZN, DASH, TMUS, MELI, ISRG, FTNT, REGN, GEHC, LIN, META, COST, PANW,
TTD, SBUX, ADSK, ANSS, CCEP, NFLX, AVGO, KLAC, NVDA, AAPL, ADBE, CSCO, IDXX, MRVL,
ROP, ROST, TXN, WDAY, ZS, CEG, TTWO, AMD, CPRT, BKNG, CDW, CSGP, LULU, ADI,
CHTR, CMCSA, CRWD, DDOG, ON, WBD, TEAM, ASML, HON, MAR, NXPI, QCOM,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 5
ASML, HON, MAR, NXPI, QCOM,
Moving Below 30 DMA = 3
FAST, MDB, ODFL,
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