Friday, September 13, 2024

SPX, NDX Close Higher for Fifth Day...Utilities, Industrials, Communication Services Led All Sectors Higher...


© 2024


The SPX +30.26, 5,626, opened slightly higher, trended up, to close at its highest level in September.  VIX opened lower and closed lower.

The NDX +0.47%, opened flat, trended up and closed higher for a fifth day on a bounce continuation move.




ADBE -49.68, -8.47%, gapped down after an earnings and revenue beat, but Q4 guidance was below expectations.


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


SPY up 2.92 at 562.01, 39.2 million shares, below average volume
VIX down .51 at 16.56
QQQ up 2.12 at 475.34

CAT, TRV, INTC, AXP led the DJIA, 24 advancers, +1
WBD, ETSY, ALGN, UBER led the SPX, 417 advancers
WBD, ARM, MU, ON, SMCI led the NDX, 72 advancers

Up:  IWM, DIA, SPY, QQQ,
Down: 

All eleven sectors were higher for the second straight day on Friday, led by XLU, XLI and XLC.


The SPY MFC green line is pointed up at 81.3 and is short-term bullish. +8

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 a little.

3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendUp


72 of 100 NDX stocks closed higher on Friday.

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

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 7
ABNB, CMCSA, ILMN, KHC, ORLY, QCOM, TXN,


Moving Below 30 DMA = 2
ADBE, REGN,   



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