Monday, September 9, 2024

SPX, NDX Close Higher...SPX Recovers 66% of Friday's Selloff...Technology, Industrials, Financials Lead All Sectors Higher...After-hours: ORCL Up on Positive EPS Reaction...

 
© 2024


The SPX +62.63, 5,471, opened higher, closed higher, regained about 66% of Friday’s selloff and formed a bullish harami candle pattern.  VIX opened lower, closed lower.

The NDX +1.30%, opened higher, traded in a range closed higher forming a bullish harami candle pattern.

NVDA +3.64, +3.54%, opened higher and closed higher.

AVGO +3.82, +2.97%rallied after Friday’s negative earnings reaction after beating Q3 EPS and revenue estimates and inline guidance.

After-hours:  ORCL +12.42, +8.88%, positive reaction after better-than-expected Q1 results.

CPI report Wednesday BMO.


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


SPY up 6.05 at 546.41, 40.4 million shares, below average volume
VIX down 2.93 at 19.45
QQQ up 5.77 at 454.46

VZ, BA, TRV, AXP led the DJIA, 26 advancers, +21
SMCI, UAL, PAYC, DAY, DECK led the SPX, 418 advancers
ARM, SMCI, MRNA, MNST led the NDX, 84 advancers

Up:  QQQ, DIA, SPY, IWM,
Down: 

All eleven sectors were higher on Monday, led by XLK, XLI and XLF.

The SPY MFC green line is pointed down at 69.7 and is defensive.

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 down.

3-month Intermediate Term Market Trend: Up a little
3-day Short Term Market TrendDown


84 of 100 NDX stocks closed higher on Monday.

48 NDX stocks are above their 30 DMA:  CTAS, GILD, AEP, CTSH, ADP, PAYX, EXC, XEL, KHC, MDLZ, KDP, PYPL, DASH, MELI, ISRG, FTNT, GEHC, COST, PANW, TTD, SBUX, ADSK, CCEP, NFLX, ADBE, CSCO, MRVL, ROP, ROST, WDAY, TTWO, BKNG, CSGP, TEAM, MAR, VRSK, MDB, PEP, MNST, AMZN, CMCSA, FAST, IDXX, LIN, PCAR, TMUS, TSLA, TXN,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 9
AMZN, CMCSA, FAST, IDXX, LIN, PCAR, TMUS, TSLA, TXN,


Moving Below 30 DMA = 1
LULU,



Add Comments here:

No comments: