© 2024
The SPX -40.53, 5,199, opened higher, rallied more than 35 points, before it rolled
over and closed lower. While the VIX
did open lower, markets continue to be volatile as VIX closes slightly above
Tuesday’s close, at its second highest close of the last year,.
The NDX -1.16%, opened
higher and closed lower.
FTNT +14.12, +25.30%, and ILMN +4.74, +4.07%,
were the SPX earnings gainers on Wednesday.
After-hours: Z +4.90, +11.73%,
on a positive EPS reaction.
Mega caps AAPL, AMZN, GOOGL rose
and MSFT, META, TSLA, NVDA fell on Wednesday.
SPY down 3.49 at 518.66, 70.6 million
shares, above average volume
VIX up 0.14 at 27.85
QQQ down 4.76 at 434.37
AAPL, MRK, PG, CRM led the DJIA, 11 advancers, -8
FTNT, AXON, GPN, HSIC, DVN led the SPX, 144 advancers
FTNT, ILMN, MELI, DDOG led the NDX, 29 advancers
Up:
Down: DIA, SPY, QQQ, IWM,
Four of eleven sectors were higher on Wednesday,
led by XLU, XLE and XLF.
The SPY MFC green line turned down at 16.3 and is short-term bearish.
Uptrend sectors: XLRE,
XLU, XLV, XLP, XLC, XLF, XLB, XLI, XLK,
Neutral sectors: XLE, XLY,
Down trend sectors:
The 6-month intermediate
trend is up. The ten-day trend is down.
3-month Intermediate Term Market
Trend: Sideways
3-day Short Term Market Trend: Down
29 of 100 NDX stocks
closed higher on Wednesday.
27 NDX stocks are above their 30
DMA: CHTR,
EA, CTAS, GILD, ODFL, AEP, CTSH, ILMN, ADP, PAYX, EXC, XEL, KHC, PEP, ORLY, MDLZ,
MNST, KDP, PYPL, AZN, DASH, TMUS, MELI, ISRG, FTNT, PDD, REGN,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 3
FTNT, PDD, REGN,
Moving Below 30 DMA = 3
AMGN, GEHC, LIN,
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