SPX, DJI Close at New All-time Closing High...Real Estate, Energy, Health Care Lead Sectors...AAPL Leads DJI and Tech Stock Bounce...

© 2024

The SPX +24.37, 5,762, opened lower and closed higher at a new all-time closing high.  SPX closed above 5,700 for the eighth day.  DJI also closed at a new all-time closing high.

The NDX +0.26%, opened lower in a breakout test, formed a piercing line candle pattern and a bull flag setup.

NVDA +0.04, +0.03%, opened lower, reversed and re-broke out above recent resistance and formed a bull flag setup.   

AVGO -0.19, -0.11%, pulled back pulled back and for a hammer in a bull flag setup.

COST +0.90, +0.10%, closed above its low of the day after a horizontal support bounce, after an EPS beat and a sales miss $79.697B vs $79.973B estimate.

Mega caps AAPL, GOOGL, META, BRK/B, MSFT, TSLA, NVDA rose and AMZN fell on Monday.

SPY up 2.29 at 573.76, 63.5 million shares, above average volume

VIX down .23 at 16.73

QQQ up 1.32 at 488.07

AAPL, HD, CVX, WMT led the DJIA, 16 advancers, -8

SOLV, FTI, GNRC, CVS, FDX led the SPX, 313 advancers

ISRG, AAPL, GEHC, PANW led the NDX, 52 advancers

Up:  SPY, QQQ, IWM, DIA,

Down: 

Eight of eleven sectors were higher on Monday, led by XLRE, XLE and XLV

The SPY MFC green line is pointed up at 93.9 and is short-term bullish. +0.9

Uptrend sectors:   XLB, XLY, XLC, XLI, XLU, XLP, XLRE, XLK, XLV, XLF,

Neutral sectors: 

Down trend sectors:  XLE,

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

52 of 100 NDX stocks closed higher on Monday.

72 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, EXC, XEL, MDLZ, KDP, PYPL, DASH, FTNT, GEHC, TTD, ADSK, NFLX, CSCO, BKNG, MAR, MNST, AMZN, FAST, IDXX, LIN, PCAR, TSLA, AMD, ARM, MSFT, ADI, AVGO, CEG, CRWD, CDNS, META, PCAR, WBD, ABNB, QCOM, TXN, INTC, BKR, CMCSA, DDOG, AAPL, ANSS, CPRT, GOOGL, HON, TMUS, TXN, AMAT, NVDA, ORLY, PDD, LRCX, MU, SBUX, CDW, CSX, CTSH, ILMN, KLAC, LULU, MCHP, NXPI, ON, QCOM, ROP, SNPS, AEP, ODFL, ADP, ISRG, MRVL,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

ADP, ISRG, MRVL,

Moving Below 30 DMA = 2

KHC, MELI,

Add Comments here: 

SPX, NDX Close Lower after Better-than-expected PCE Inflation Report while DJI, RUT Close Higher...Energy, Utilities, Communication Lead Sectors Higher...NVDA Leads Semis and Tech Stocks Lower...

© 2024

The SPX -7.20, 5,738, opened higher after PCE and Core PCE reported M/M 0.1% vs 0.2% and Y/Y headline 2.2% vs 2.3% estimate and Core 2.7% vs 2.7% inline, traded in a range and closed slightly lower .  SPX closed above 5,700 for the seventh day.  DJI closes at a new all-time closing high.

The NDX -0.53% opened higher, traded in a range and closed lower.

NVDA -2.64, -2.13%, opened flat, traded lower and closed lower but above the low of the day.   

AVGO -5.40, -3.03%, pulled back from its all-time high of 185.16 on Thursday.

COST -15.82, -1.75%, closed above its low of the day after a horizontal support bounce, after an EPS beat and a sales miss $79.697B vs $79.973B estimate.

Mega caps TSLA, GOOGL, BRK/B, AAPL rose and META, MSFT, AMZN, NVDA fell on Friday.

SPY down .83 at 571.47, 42.1 million shares, below average volume

VIX up 1.59 at 16.96

QQQ down 2.72 at 486.75

CVX, V, UNH, BA led the DJIA, 24 advancers, +4

WYNN, WBA, APA, LVS led the SPX, 336 advancers

PDD, SMCI, LYLY, BKR led the NDX, 48 advancers

Up:  IWM, DIA,

Down:  SPY, QQQ,

Eight of eleven sectors were higher on Friday, led by XLE, XLU and XLC

The SPY MFC green line is flat at 93.0 and is short-term bullish. -0.7

Uptrend sectors:   XLB, XLY, XLC, XLI, XLU, XLP, XLRE, XLK, XLV, XLF,

Neutral sectors: 

Down trend sectors:  XLE,

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: Sideways

48 of 100 NDX stocks closed higher on Friday.

71 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, EXC, XEL, MDLZ, KDP, PYPL, DASH, MELI, FTNT, GEHC, TTD, ADSK, NFLX, CSCO, BKNG, MAR, MNST, AMZN, FAST, IDXX, LIN, PCAR, TSLA, AMD, ARM, MSFT, ADI, AVGO, CEG, CRWD, CDNS, META, PCAR, WBD, ABNB, QCOM, TXN, INTC, BKR, CMCSA, DDOG, AAPL, ANSS, CPRT, GOOGL, HON, TMUS, TXN, AMAT, NVDA, ORLY, PDD, LRCX, MU, SBUX, CDW, CSX, CTSH, ILMN, KLAC, LULU, MCHP, NXPI, ON, QCOM, ROP, SNPS, AEP, KHC, ODFL,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 3

AEP, KHC, ODFL,

Moving Below 30 DMA = 8

ADP, ASML, COST, ISRG, MDB, MRVL, ROST, TEAM,

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SPX Makes another All-time Closing High as MU Leads SPX, NDX...Basic Materials, Technology, Communication Services Lead Sectors...After-hours: COST Down on Earnings Reaction...

© 2024

The SPX +23.11, 5,745, gapped up as futures rose overnight, filled the gap, made a new all-time closing high.  SPX closed above 5,700 for the sixth day.

The NDX +0.72% its highest close since July 16.

NVDA +0.53, +0.43%, opened higher, traded in a range and closed below its open but higher for the day.   

AVGO +2.57, +1.48%, continued to rally with semiconductor stocks, all-time high of 185.16.

After-hours: COST -9.80, -1.09%, after an EPS beat and a sales miss $79.697B vs $79.973B estimate.

PCE report expectation M/M 0.1%, Y/Y 2.3% consensus, Core PCE M/M 0.2%, Y/Y 2.7% consensus, on Friday 8:30 am ET.

PCE, Core PCE Trend as of July, released Aug 30, 2024

Mega caps GOOGL, AAPL, NVDA, BRK/B rose and META, MSFT, AMZN, TSLA fell on Thursday.

SPY up 2.26 at 572.30, 48.2 million shares, average volume

VIX down .04 at 15.37

QQQ up 3.65 at 489.47

DOW, CAT, MMM, AMGN led the DJIA, 20 advancers, +8

MU, JBL, EL, ALB, UAL led the SPX, 329 advancers

MU, PDD, AMAT, MCHP led the NDX, 69 advancers

Up:  QQQ, DIA, IWM, SPY,

Down:     

Eight of eleven sectors were higher on Thursday, led by XLB, XLK and XLC

The SPY MFC green line is flat at 93.0 and is short-term bullish. -0.7

Uptrend sectors:   XLB, XLY, XLC, XLI, XLU, XLP, XLRE, XLK, XLV, XLF,

Neutral sectors: 

Down trend sectors:  XLE,

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

69 of 100 NDX stocks closed higher on Thursday.

76 NDX stocks are above their 30 DMA:  CTAS, GILD, AEP, ADP, PAYX, EXC, XEL, MDLZ, KDP, PYPL, DASH, MELI, ISRG, FTNT, GEHC, COST, TTD, ADSK, NFLX, CSCO, MRVL, BKNG, MAR, MDB, MNST, AMZN, FAST, IDXX, LIN, PCAR, TSLA, AMD, ARM, MSFT, ADI, AVGO, CEG, CRWD, CDNS, META, PCAR, WBD, ABNB, QCOM, TXN, INTC, BKR, CMCSA, DDOG, TEAM, AAPL, ANSS, CPRT, GOOGL, HON, TMUS, TXN, AMAT, NVDA, ORLY, PDD, ROST, LRCX, MU, SBUX, ASML, CDW, CSX, CTSH, ILMN, KLAC, LULU, MCHP, NXPI, ON, QCOM, ROP, SNPS,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 13

ASML, CDW, CSX, CTSH, ILMN, KLAC, LULU, MCHP, NXPI, ON, QCOM, ROP, SNPS,

Moving Below 30 DMA = 2

AEP, ODFL,

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SPX Narrow Range Pause Day...NDX Inches Higher...Utilities, Technology Lead Sectors...After-hours: MU Higher on Positive EPS and Guidance Reaction...

© 2024

The SPX -10.67, 5,732, opened flat, traded in a range, made an intra-day all-time high at 5,741 before closing slightly lower.  SPX closed above 5,700 for the fifth day.

The NDX +0.14% traded in narrow range and closed slightly higher.

NVDA +2.64, +2.18%, opened higher, trended up and closed higher as semiconductor stocks continued to bounce on Wednesday.   

AVGO +.68, +0.39%, rallied with semiconductor stocks.

After-hours: MU +14.16, +14.79%, after an EPS and revenue beat and strong guidance.

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

SPY down 1.62 at 569.67, 44.1 million shares, below average volume

VIX up .02 at 15.41

QQQ up .45 at 485.82

INTC, CRM, WMT, HON led the DJIA, 12 advancers, -7

VST, HPE, DELL, J led the SPX, 132 advancers

CEG, INTC, AMD, ARM led the NDX, 35 advancers

Up:  QQQ,

Down:  SPY, DIA, IWM,   

Two of eleven sectors were higher on Wednesday, led by XLU, XLK and XLP

The SPY MFC green line is pointed up at 93.7 and is short-term bullish. +1.3

Uptrend sectors:   XLV, XLP, XLRE, XLU, XLF, XLI, XLY, XLC, XLB, XLK,

Neutral sectors: 

Down trend sectors:  XLE, 

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

35 of 100 NDX stocks closed higher on Wednesday.

65 NDX stocks are above their 30 DMA:  CTAS, GILD, AEP, ADP, PAYX, EXC, XEL, MDLZ, KDP, PYPL, DASH, MELI, ISRG, FTNT, GEHC, COST, TTD, ADSK, NFLX, CSCO, MRVL, BKNG, MAR, MDB, MNST, AMZN, FAST, IDXX, LIN, PCAR, TSLA, AMD, ARM, MSFT, ADI, AVGO, CEG, CRWD, CDNS, META, PCAR, WBD, ABNB, QCOM, TXN, INTC, BKR, CMCSA, DDOG, TEAM, AAPL, ANSS, CPRT, GOOGL, HON, TMUS, TXN, AMAT, ODFL, NVDA, ORLY, PDD, ROST, LRCX, MU, SBUX,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 3

LRCX, MU, SBUX,

Moving Below 30 DMA = 6

AMGN, CCEP, CDW, CSX, LULU, ROP,

Add Comments here:

SPX, NDX Make another All-time Closing High...Basic Materials, Consumer Discretionary, Industrials, Technology Lead Sectors...Semiconductors Rebound after TSM News...

© 2024

The SPX +14.36, 5,732, opened higher, pulled back at 10 am ET when Consumer Confidence was reported at 97.7 below consensus of 103.0, bottomed at 10:40 am ET, began to rally over the next two hours, traded in a range, before closing at a new all-time closing high for the second day.  SPX closed above 5,700 for the fourth day.

The DJI 42,208, also closed at a new all-time closing high.  The NDX +0.47% opened higher, pulled back, rallied and closed higher, still in an ascending triangle bounce.

NVDA +4.61, +3.97%, opened higher, trended up and closed higher as semiconductor stocks bounced after TSM received approval for a $7.5 billion infusion in Arizona expansion.    

AVGO +1.90, +1.10%, rallied with semiconductor stocks.

Mega caps NVDA, TSLA, AAPL, GOOGL, AMZN rose and BRK/B, META, MSFT fell on Tuesday.

SPY up 1.42 at 571.30, 46.8 million shares, below average volume

VIX down .50 at 15.39

QQQ up 2.33 at 485.37

CAT, DOW, CRM, HD led the DJIA, 19 advancers, +2

FCX, EL, LVS, WYNN led the SPX, 253 advancers

PDD, NVDA, NFLX, MAR led the NDX, 60 advancers

Up:  QQQ, SPY, DIA, IWM,

Down:   

Five of eleven sectors were higher on Tuesday, led by XLB, XLY, XLI and XLK

The SPY MFC green line is pointed up at 92.4 and is short-term bullish. +0

Uptrend sectors:   XLV, XLP, XLRE, XLU, XLF, XLI, XLY, XLC, XLB, XLK,

Neutral sectors: 

Down trend sectors:  XLE,

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: Sideways

60 of 100 NDX stocks closed higher on Tuesday.

68 NDX stocks are above their 30 DMA:  CTAS, GILD, AEP, ADP, PAYX, EXC, XEL, MDLZ, KDP, PYPL, DASH, MELI, ISRG, FTNT, GEHC, COST, TTD, ADSK, CCEP, NFLX, CSCO, MRVL, ROP, BKNG, MAR, MDB, MNST, AMZN, FAST, IDXX, LIN, PCAR, TSLA, AMD, AMGN, ARM, MSFT, ADI, AVGO, CEG, CRWD, LULU, CDNS, CDW, META, PCAR, WBD, ABNB, QCOM, TXN, CSX, INTC, BKR, CMCSA, DDOG, TEAM, AAPL, ANSS, CPRT, GOOGL, HON, TMUS, TXN, AMAT, ODFL, NVDA, ORLY, PDD, ROST,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 4

NVDA, ORLY, PDD, ROST,

Moving Below 30 DMA = 4

CSGP, ILMN, INTU, SBUX,

Add Comments here:

SPX, DJI All-time Closing High...Energy, Consumer Discretionary, Real Estate lead Sectors...

© 2024

The SPX +16.02, 5,718, opened slightly higher, traded in a range, formed a spinning top.  SPX and DJI closed at a new all-time closing high Monday.  SPX closed above 5,700 for the third day.

The NDX +0.31% opened slightly higher, traded in a range and closed slightly higher.

Mega caps TSLA, AMZN, META, NVDA rose and BRK/B, MSFT, AAPL, GOOGL fell on Monday.

SPY up 1.42 at 569.67, 44.1 million shares, below average volume

VIX down .26 at 15.89

QQQ up .62 at 483.04

INTC, BA, WMT, V, led the DJIA, 17 advancers, -1

TSLA, FSLR, TPR, BBWI led the SPX, 357 advancers

TSLA, INTC, MU, PDD led the NDX, 61 advancers

Up:  SPY, DIA, QQQ,

Down: IWM,    

Eight of eleven sectors were higher on Monday, led by XLE, XLY and XLRE

The SPY MFC green line is pointed up at 92 and is short-term bullish. -0

Uptrend sectors:   XLV, XLP, XLRE, XLU, XLF, XLI, XLY, XLC, XLB, XLK,

Neutral sectors: 

Down trend sectors:  XLE,

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

61 of 100 NDX stocks closed higher on Monday.

68 NDX stocks are above their 30 DMA:  CTAS, GILD, AEP, ADP, PAYX, EXC, XEL, MDLZ, KDP, PYPL, DASH, MELI, ISRG, FTNT, GEHC, COST, TTD, SBUX, ADSK, CCEP, NFLX, CSCO, MRVL, ROP, BKNG, MAR, MDB, MNST, AMZN, FAST, IDXX, LIN, PCAR, TSLA, AMD, AMGN, ARM, MSFT, ADI, AVGO, CEG, CRWD, LULU, CDNS, CDW, META, PCAR, WBD, ABNB, ILMN, QCOM, TXN, CSX, INTC, BKR, CMCSA, CSGP, DDOG, TEAM, AAPL, ANSS, CPRT, GOOGL, HON, INTU, TMUS, TXN, AMAT, ODFL,NDX 

Stocks to Watch on Tuesday:

Moving Above 30 DMA = 2

AMAT, ODFL,

Moving Below 30 DMA = 3

QCOM, ROST, WDAY,

Add Comments here

SPX Pause after Record Close on Thursday...Utilities, Consumer Staples, Communication Services Lead Sectors...FDX Down after EPS Miss...

© 2024

The SPX -11.09, 5,702, opened slightly lower on Friday after  a new all-time closing high on Thursday, sold off 39 points before an afternoon rally to close slightly lower. SPX closed above 5,700 for the second time.

The NDX -0.24% opened slightly lower, traded in a lower range and closed slightly lower.

FDX -45.75, -15.23% lower after eps and revenue miss. 

Mega caps AMZN, GOOGL, META rose and AAPL, MSFT, BRK/B, NVDA fell on Friday.

SPY down 2.73 + ex-div 1.746 = -.984 at 568.25, 77.5 million shares, above average volume

VIX down .18 at 16.15

QQQ down .92 at 482.44

NKE, INTC, IBM, PG led the DJIA, 18 advancers, +1

CEG, VST, NRG, PEG led the SPX, 173 advancers

CEG, CRWD, SMCI, EXC, AVGO led the NDX, 29 advancers

Up:  DIA,

Down: SPY, QQQ, IWM,    

Two of eleven sectors were higher on Friday, led by XLU, XLP and XLC.

The SPY MFC green line is pointed up at 92.8 and is short-term bullish. -1

Uptrend sectors:   XLV, XLP, XLRE, XLU, XLF, XLI, XLY, XLC, XLB, XLK,

Neutral sectors: 

Down trend sectors:  XLE,

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

29 of 100 NDX stocks closed higher on Friday.

69 NDX stocks are above their 30 DMA:  CTAS, GILD, AEP, ADP, PAYX, EXC, XEL, MDLZ, KDP, PYPL, DASH, MELI, ISRG, FTNT, GEHC, COST, TTD, SBUX, ADSK, CCEP, NFLX, CSCO, MRVL, ROP, ROST, WDAY, BKNG, MAR, MDB, MNST, AMZN, FAST, IDXX, LIN, PCAR, TSLA, AMD, AMGN, ARM, MSFT, ADI, AVGO, CEG, CRWD, LULU, CDNS, CDW, META, PCAR, WBD, ABNB, ILMN, QCOM, TXN, CSX, INTC, BKR, QCOM, CMCSA, CSGP, DDOG, TEAM, AAPL, ANSS, CPRT, GOOGL, HON, INTU, TMUS, TXN,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 7

AMAT, DXCM, KLAC, MCHP, NVDA, ODFL, ON, SNPS,

Add Comments here:

SPX, DJI New All-time Closing High as Tech and Mega-cap Stocks Rise...Technology, Consumer Discretionary, Industrials Lead Sectors...Afterhours: FDX, LEN Lower after EPS...

© 2024

The SPX +95.38, 5,713, opened higher after futures rose in evening and pre-market trading, trended higher and made a new all-time closing high following the Fed’s 50 bps interest rate cut on Wednesday.

SPX closes above 5,700 for the first time.

The NDX +2.56% opened higher, traded in a higher range and closed higher as NDX led RUT, SPX and DJI on Thursday.

NVDA +4.50, +3.97%, opened higher and closed higher as Tech stocks led the Fed rate cut rally.

AVGO +5.75, +3.56%, rallied with Tech and semiconductor stocks.

Afterhours:  FDX -33.39, -11.12% lower after eps and revenue miss.  LEN -4.20, -2.18% lower after eps and revenue beat.

Mega caps TSLA, NVDA, META, AAPL, AMZN, MSFT, GOOGL, BRK/B rose on Thursday.

SPY up 9.58 at 570.98, 75.2 million shares, above average volume

VIX down 1.90 at 16.33

QQQ up 11.92 at 483.36

CRM, CAT, GS, AAPL, AXP led the DJIA, 17 advancers, +7

DRI, TSLA, PWR, DFS, KLAC led the SPX, 351 advancers

TSLA, PYPL, AMD, AMAT led the NDX, 85 advancers

Up:  QQQ, IWM, SPY, DIA,

Down:   

Eight of eleven sectors were higher on Thursday, led by XLK, XLY and XLI.

The SPY MFC green line is pointed up at 93.8 and is short-term bullish. +1.2

Uptrend sectors:   XLV, XLP, XLRE, XLU, XLF, XLI, XLY, XLC, XLB, XLK,

Neutral sectors: 

Down trend sectors:  XLE,

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

85 of 100 NDX stocks closed higher on Thursday.

76 NDX stocks are above their 30 DMA:  CTAS, GILD, AEP, ADP, PAYX, EXC, XEL, MDLZ, KDP, PYPL, DASH, MELI, ISRG, FTNT, GEHC, COST, TTD, SBUX, ADSK, CCEP, NFLX, CSCO, MRVL, ROP, ROST, WDAY, BKNG, MAR, MDB, MNST, AMZN, FAST, IDXX, LIN, PCAR, TSLA, AMD, AMGN, ARM, MSFT, ADI, AVGO, CEG, CRWD, LULU, CDNS, CDW, META, PCAR, WBD, ABNB, ILMN, QCOM, TXN, CSX, INTC, BKR, ODFL, QCOM, CMCSA, CSGP, DDOG, TEAM, AAPL, AMAT, ANSS, CPRT, DXCM, GOOGL, HON, INTU, KLAC, MCHP, NVDA, ON, SNPS, TMUS, TXN,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 15

AAPL, AMAT, ANSS, CPRT, DXCM, GOOGL, HON, INTU, KLAC, MCHP, NVDA, ON, SNPS, TMUS, TXN,

Moving Below 30 DMA = 3

ORLY, PEP, TTWO,

Add Comments here: