MSFT, META Supply Imbalance after Earnings Beats Lead NDX, SPX Lower...Utilities, Energy Lead Sectors Higher...

© 2024

Not all stocks went down today, just look at the numbers and symbols below.  In fact, in the DJI, 13 stocks rose on Thursday and only 12 rose on Wednesday.  However, there is no question that a small percentage of sellers were able to create a supply imbalance after earnings beats from MSFT and META and caused the price of these two mega-caps to fall and drag other mega-caps and the NDX and SPX indexes down with them.

MSFT -26.18, -6.05% on 53,970,981 shares traded. For MSFT to drop 6% the earnings must have been really bad, and a lot of the shareholders must have decided to sell?  So how did MSFT do?  They reported $3.30 vs. $3.10 earnings per share and $65.59 billion vs. $64.51 billion of revenue.  That’s 20 cents per share and $1,080,000,000 revenue more than the professional analysts were expecting.  Those 53.9 million shares that traded were less than ¾ of 1% of the 7.434 billion shares outstanding.  Revenue and earnings were better than expected and more than 99% of shares were held (not traded) and the stock dropped by over 6%?

META -24.22, -4.09% on 26,838,395, 1.06% of the 2.529 billion shares outstanding. Reported $6.03 vs. $5.25 earnings per share and $40.59 billion vs. $40.29 billion of revenue while more than 98.9% were not traded the stock dropped by over 4%.

As Buffett once cited “As they say in poker, if you’ve been in the game 30 minutes and you don’t know who the patsy is, you’re the patsy.”

Can you believe that the efficient market hypothesis was developed in the 1960’s and some people still actually believe it?

After-hours: AMZN +11.031, +6.07% and AAPL -4.20, -1.86% both reported earnings and revenue beat in after-hours.

167 SPX Companies report EPS this week.

SPX companies reporting on Friday. 12 BMO: CAH, CBOE, CHD, CHTR, CVX, D, LYB, PPL, SPG, TROW, WAT, XOM. Saturday: BRK/B.

First day reaction: Q3, Thursday, (excludes Oct 22 and 23)

Positive: PAYC, ETR, IP, AME, GEN, MO, COP, NCLH, XEL, BMY, BKNG, CMCSA, GDDY, WTW, SO, AWK, PH, AMGN, CLX, GRMN, SW, FMC, TECH, DAY, IEX, VMC, ABBV, ZBH, VRSK, GPN, MLM, EQT, HUM, ITW, V, GOOGL, EA, GEHC, NI, ADP, SYK, CDNS, INCY, FFIV, LDOS, ZBRA, WM, WELL, GLW, RCL, BRO, CNP, ON, DECK, DLR, RMD COF, AON, WDC, CNC, LHX CINF, TSLA, MOH, WST, CBRE, POOL, RJF, TMUS, NOW, UPS, LRCX, TYL, LH, ALGN, LVS, FTI, NOC, NFLX, ISRG, SNA, TRV, BX, MTB, STLD, DFS, PPG, UAL, SYF, USB, PLD, JBHT, ABT, OMC, WBA, SCHW, PNC, JNJ, FAST, WFC, JPM, BLK, = 102

Neutral:  GWW, CI, SBUX, CTSH, GNRC, BWA, EQIX, K, WEC, MAA, CMS, MDLZ, OKE, EXC, EIX, HES, EXR, TEL, REG. MAS, MCD, ORLY, DTE, LKQ, DOW, PG, RF, MMC, KMI, STT, BAC, PGR, UNH = 33

Negative:  HII, EL, APTV, TFX, SMCI, MGM, IDXX, UBER, REGN, EBAY, BALL, XYL, EG, ICE, ACGL, MSFT CHRW, MET, INVH, DINO, EQR, AFL, IQV, META, KLAC, LIN, PRU, ETN, PWR, UDR, FRT, MA, MRK, PSA, ALL, VTR, KIM, QRVO, CDW, DVA, AMD, CZR, CMG, LLY, BXP, TT, FTV, KHC, OTIS, RSG, BG, CAT, FE, ESS, BIIB, CB, FSLR, SWK, F, DHI, PSX, AMT, PYPL, SBAC, MSCI, HUBB, PFE, SYY, ECL, MHK, UHS, HCA, HIG, PFG, CL, DOC, VRSN, DXCM, AJG, EW, WY, NEM, TER, CARR, ROL, TXT, IBM, TSCO, HAS, LUV, HON, KDP, VLTO, UNP, ALLE, DOV, AMP, GL, VLO, URI, SLB, AXP, FITB, ELV, CSX, TFC, CCI, EFX, HBAN, KEY, CFG, BK, DAL, DPZ = 114

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

SPY down 11.37 at 568.64, 60.1 million shares, above average volume,

VIX up 2.81 at 23.16

QQQ down 12.53 at 483.85

VZ, AMGN, DIS, NKE led the DJIA, 13 advancers, +1           

PAYC, ETR, IP, AME led the SPX, 133 advancers

XEL, BKNG, WBD, CMCSA led the NDX, 26 advancers

Up:   

Down:  DIA, IWM, SPY, QQQ,

The SPY MFC green line is pointed down at 65.7 and is defensive, -12.5.

Two of eleven sectors were higher on Thursday, led by XLU, XLE and XLP. 

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

Neutral sectors: 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 Trend: Down

26 of 100 NDX stocks closed higher on Thursday.

39 NDX stocks are above their 30 DMA:  GILD, PAYX, DASH, TTD, ADSK, CSCO, BKNG, MAR, FAST, PCAR, ABNB, DDOG, TMUS, ADP, ILMN, MRVL, NVDA, LULU, TEAM, PANW, TTWO, MNST, EA, DXCM, ISRG, NFLX, SBUX, CMCSA, BKR, TSLA, GOOGL, ODFL, CDNS, SNPS, CHTR, VRSK, VRTX, WBD, XEL,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 2

WBD, XEL,

Moving Below 30 DMA = 17

AAPL, ADI, AMZN, ANSS, ARM, AVGO, CRWD, CTAS, INTU, MDB, META, MSFT, MU, NXPI, ON, TXN, ZS,

Add Comments here:

SPX, NDX Close Lower...Communication Services, Basic Materials, Financial Lead Sectors...After-hours: MSFT, META Lower after EPS Beat...

© 2024

The SPX -19.25, 5,813, opened flat, rallied, reversed and closed lower.  Breadth was mixed with weakness in technology along with an increase in VIX. The SPX closed above 5,800 for the thirteenth time in fourteen days. 

The NDX -0.79% opened lower, rallied to even, reversed and closed lower. The NDX remains below its July 10 all-time high. The Nasdaq Composite pulled back, testing yesterday’s breakout.

NVDA -1.91, -1.36% opened flat, traded in a range and closed slightly higher.

After-hours: MSFT -16.03, -3.719% and META -18.80, -3.18% both reported an earnings and revenue beat before pulling back in after-hours.

167 SPX Companies report EPS this week.

SPX companies reporting on Thursday. 37 BMO: AME, APTV, BALL, BMY, BWA, CI, CMCSA, CMS, COP, DINO, EL, ETN, ETR, GNRC, GWW, HII, ICE, IDXX, IP, IQV, K KIM, LIN, MA MO, MRK, NCLH, PH, PWR, REGN, SO, TFX, UBER, WEC, WTW, XEL, XYL. 13 AMC: AAPL, AES, AMCR, AMZN, CPT, CTRA, EMN, ERIE, INTC, IR, JNPR, LNT, VICI.

First day reaction: Q3, Wednesday, (excludes Oct 22 and 23)

Positive: GRMN, SW, FMC, TECH, DAY, IEX, VMC, ABBV, ZBH, VRSK, GPN, MLM, EQT, HUM, ITW, V, GOOGL, EA, GEHC, NI, ADP, SYK, CDNS, INCY, FFIV, LDOS, ZBRA, WM, WELL, GLW, RCL, BRO, CNP, ON, DECK, DLR, RMD COF, AON, WDC, CNC, LHX CINF, TSLA, MOH, WST, CBRE, POOL, RJF, TMUS, NOW, UPS, LRCX, TYL, LH, ALGN, LVS, FTI, NOC, NFLX, ISRG, SNA, TRV, BX, MTB, STLD, DFS, PPG, UAL, SYF, USB, PLD, JBHT, ABT, OMC, WBA, SCHW, PNC, JNJ, FAST, WFC, JPM, BLK, = 83

Neutral:  MDLZ, OKE, EXC, EIX, HES, EXR, TEL, REG. MAS, MCD, ORLY, DTE, LKQ, DOW, PG, RF, MMC, KMI, STT, BAC, PGR, UNH = 22

Negative:  QRVO, CDW, DVA, AMD, CZR, CMG, LLY, BXP, TT, FTV, KHC, OTIS, RSG, BG, CAT, FE, ESS, BIIB, CB, FSLR, SWK, F, DHI, PSX, AMT, PYPL, SBAC, MSCI, HUBB, PFE, SYY, ECL, MHK, UHS, HCA, HIG, PFG, CL, DOC, VRSN, DXCM, AJG, EW, WY, NEM, TER, CARR, ROL, TXT, IBM, TSCO, HAS, LUV, HON, KDP, VLTO, UNP, ALLE, DOV, AMP, GL, VLO, URI, SLB, AXP, FITB, ELV, CSX, TFC, CCI, EFX, HBAN, KEY, CFG, BK, DAL, DPZ = 77

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

SPY down 1.76 at 580.01, 41.3 million shares, average volume,

VIX up 1.01 at 20.35

QQQ down 3.78 at 496.38

V, AXP, MRK, AMZN led the DJIA, 12 advancers, +5            

GRMN, SW, FMC, TECH led the SPX, 243 advancers

VRSK, MDB, WBD, GOOGL led the NDX, 39 advancers

Up:    

Down:  IWM, DIA, SPY, QQQ,

The SPY MFC green line is pointed down (after having turned up during the first part of Wednesday’s trading) at 78.2 and is defensive, -1.3, because price is below the low of the high day, Oct. 14.

Five of eleven sectors were higher on Wednesday, led by XLC, XLB and XLF. 

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

Neutral sectors: XLE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is sideways.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

39 of 100 NDX stocks closed higher on Wednesday.

54 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, DASH, TTD, ADSK, CSCO, BKNG, MAR, FAST, CRWD, PCAR, ABNB, DDOG, TMUS, MU, ADP, ILMN, MRVL, NVDA, LULU, TEAM, AAPL, PANW, ZS, TTWO, MNST, EA, DXCM, ISRG, NFLX, SBUX, CMCSA, MSFT, BKR, NXPI, ADI, TSLA, TXN, AMZN, GOOGL, META, ODFL, ON, ARM, ANSS, AVGO, CDNS, INTU, MDB, SNPS, CHTR, VRSK, VRTX,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 3

CHTR, VRSK, VRTX,

Moving Below 30 DMA = 10

AMD, CEG, FTNT, GFS, INTC, MCHP, ORLY, PYPL, QCOM, SMCI,

Add Comments here: 

SPX Closes Higher, Nasdaq Composite New All-time Closing High...Technology, Communicaton Services Lead Sectors...After-hours: GOOGL Rises...

© 2024

The SPX +9.40, 5,832, opened slightly lower, traded in a range and closed slightly higher.  Breadth was mixed with strength in technology offsetting weakness in sectors. The SPX closed above 5,800 for the eleventh time in twelve days. 

The NDX +0.98% opened flat, trended higher, and closed higher. The NDX is just below its July 10 all-time high. The Nasdaq Composite broke out and made a new all-time closing high.

NVDA +0.73, +0.52% opened flat, traded in a range and closed slightly higher.

After-hours: GOOGL +9.84, +5.80% on a positive earnings reactions.

167 SPX Companies report EPS this week.

SPX companies reporting on Wednesday. 27 BMO: ABBV, ADP, BG, BIIB, CAT, CAT, CDW, DAY, EXC, FTV, GEHC, GPN, GRMN, HES, HUM, ITW, KHC, LLY, MLM, NI, OTIS, SW, TECH, TEL, TT, VMC, VRSK, ZBH. 30 AMC: ACGL, AFL, ALL, AMGN, AWK, BKNG, CHRW, CLX, CTSH, EBAY EG, EQIX, EQR, FRT, GDDY, GEN, INVH, KLAC, MAA, MET, META, MGM, MSFT, PAYC, PRU, PSA, SBUX, SMCI, UDR, VTR.

First day reaction: Q3, Tuesday, (excludes last Tuesday, Wednesday)

Positive: CDNS, INCY, FFIV, LDOS, ZBRA, WM, WELL, GLW, RCL, BRO, CNP, ON, DECK, DLR, RMD COF, AON, WDC, CNC, LHX CINF, TSLA, MOH, WST, CBRE, POOL, RJF, TMUS, NOW, UPS, LRCX, TYL, LH, ALGN, LVS, FTI, NOC, NFLX, ISRG, SNA, TRV, BX, MTB, STLD, DFS, PPG, UAL, SYF, USB, PLD, JBHT, ABT, OMC, WBA, SCHW, PNC, JNJ, FAST, WFC, JPM, BLK, = 61

Neutral:  REG. MAS, MCD, ORLY, DTE, LKQ, DOW, PG, RF, MMC, KMI, STT, BAC, PGR, UNH = 15

Negative:  SWK, F, DHI, PSX, AMT, PYPL, SBAC, MSCI, HUBB, PFE, SYY, ECL, MHK, UHS, HCA, HIG, PFG, CL, DOC, VRSN, DXCM, AJG, EW, WY, NEM, TER, CARR, ROL, TXT, IBM, TSCO, HAS, LUV, HON, KDP, VLTO, UNP, ALLE, DOV, AMP, GL, VLO, URI, SLB, AXP, FITB, ELV, CSX, TFC, CCI, EFX, HBAN, KEY, CFG, BK, DAL, DPZ = 57

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

SPY up .94 at 581.77, 42.9 million shares, average volume,

VIX down .46 at 19.34

QQQ up 4.76 at 500.16

CRM, BA, AMZN, MSFT led the DJIA, 7 advancers, -16       

CDNS, INCY, FFIV, LDOS, ZBRA led the SPX, 157 advancers

CDNS, SNPS, ARM, AVGO led the NDX, 61 advancers

Up:  QQQ, SPY,  

Down:  IWM, DIA,

The SPY MFC green line is pointed down at 79.5 and is short-term bullish, -2.3, because price is above the low of the high day, Oct. 14.

Two of eleven sectors were higher on Tuesday, led by XLK, XLC and XLI. 

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

Neutral sectors: XLE,

Down trend sectors:

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 Trend: Up a little

61 of 100 NDX stocks closed higher on Tuesday.

61 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, PYPL, DASH, FTNT, TTD, ADSK, CSCO, BKNG, MAR, FAST, CEG, CRWD, PCAR, ABNB, DDOG, TMUS, ORLY, MU, ADP, ILMN, MRVL, NVDA, LULU, TEAM, SMCI, AAPL, PANW, ZS, TTWO, MNST, EA, DXCM, ISRG, NFLX, SBUX, CMCSA, MSFT, BKR, NXPI, ADI, TSLA, TXN, AMZN, GFS, GOOGL, INTC, META, ODFL, ON, QCOM, ARM, AMD, ANSS, AVGO, CDNS, INTU, MCHP, MDB, SNPS,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 8

AMD, ANSS, AVGO, CDNS, INTU, MCHP, MDB, SNPS, 

Moving Below 30 DMA = 5

CHTR, KHC, LIN, VRTX, XEL,

Add Comments here:

SPX Closes Higher, NDX Flat...Financial, Basic Materials, Utilities Lead Sectors...GOOGL Report AMC Tuesday...

© 2024

The SPX +15.40, 5,823, opened higher, traded in a range and closed below its open.  Breadth was mixed with strength in sectors and advancers which outweighed weakness in technology. The SPX closed above 5,800 for the tenth time in eleven days. 

The NDX -0.00% opened higher, traded in a range, and closed -.95 point lower, essentially unchanged for the day. The NDX is still below its July 10 all-time high.

NVDA -1.02, -0.72% opened slightly higher, traded in a range and closed slightly lower.

167 SPX Companies report EPS this week.

SPX companies reporting on Tuesday. 17 BMO: AMT, DHI, ECL, GLW, HUBB, INCY, LDOS, MAS, MCD, MSCI, PFE, PSX PYPL, RCL, SWK, SYY, ZBRA. 22 AMC: AMD, BXP, CB, CMG, CZR, DVA, EA, EIX, EQT, ESS, EXR, FE, FMC, FSLR, GOOGL, IEX, MDLZ, OKE, QRVO, RSG, SYK, V.

First day reaction: Q3, Friday, (excludes last Tuesday, Wednesday)

Positive: CNP, ON, DECK, DLR, RMD COF, AON, WDC, CNC, LHX CINF, TSLA, MOH, WST, CBRE, POOL, RJF, TMUS, NOW, UPS, LRCX, TYL, LH, ALGN, LVS, FTI, NOC, NFLX, ISRG, SNA, TRV, BX, MTB, STLD, DFS, PPG, UAL, SYF, USB, PLD, JBHT, ABT, OMC, WBA, SCHW, PNC, JNJ, FAST, WFC, JPM, BLK, = 51

Neutral:  ORLY, DTE, LKQ, DOW, PG, RF, MMC, KMI, STT, BAC, PGR, UNH = 12

Negative:  MHK, UHS, HCA, HIG, PFG, CL, DOC, VRSN, DXCM, AJG, EW, WY, NEM, TER, CARR, ROL, TXT, IBM, TSCO, HAS, LUV, HON, KDP, VLTO, UNP, ALLE, DOV, AMP, GL, VLO, URI, SLB, AXP, FITB, ELV, CSX, TFC, CCI, EFX, HBAN, KEY, CFG, BK, DAL, DPZ = 45

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

SPY up 1.79 at 580.83, 30.1 million shares, below average volume,

VIX down .53 at 19.80

QQQ up .08 at 495.40

MMM, GS, AXP, JPM led the DJIA, 23 advancers, +15         

ALB, CCL, STLD, NUE led the SPX, 352 advancers

ARM, MRNA, PDD, NXPI led the NDX, 52 advancers

Up:  IWM, DIA, SPY, QQQ,

Down: 

The SPY MFC green line turned down at 81.8 and is counter-trend defensive, -2.9, because price is at the low of the high day, Oct. 14.

Nine of eleven sectors were higher on Monday, led by XLF, XLB and XLU. 

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

Neutral sectors: XLE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is down a little.

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.

58 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, PYPL, DASH, FTNT, TTD, ADSK, CSCO, BKNG, MAR, FAST, CEG, CRWD, PCAR, ABNB, DDOG, TMUS, ORLY, MU, ADP, ILMN, MRVL, NVDA, LULU, TEAM, SMCI, AAPL, PANW, ZS, TTWO, MNST, EA, DXCM, ISRG, NFLX, SBUX, CHTR, CMCSA, MSFT, BKR, NXPI, XEL, ADI, TSLA, TXN, VRTX, AMZN, GFS, GOOGL, INTC, META, ODFL, ON, QCOM, ARM, KHC, LIN,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

ARM, KHC, LIN,    

Moving Below 30 DMA = 2

ANSS, FANG,

Add Comments here:

SPX Flat, NDX Higher on Mega-cap Strength...Technology, Consumer Discretionary, Communication Services Lead Sectors...DECK Up, MHK Down on EPS Reactions...

© 2024

The SPX -1.74, 5,808, opened higher, traded in a range and closed slightly lower.  Breadth was mixed with strength in technology but weaker overall than Thursday. The SPX closed above 5,800 for the nineth time in ten days. 

The NDX +0.59% opened higher, traded in a range, and closed higher near its open. The NDX is still 300+ points below its July 10 all-time high, the Nasdaq Composite did make a new all-time intra-day high on Friday.

NVDA +1.13, +0.80% opened higher, traded in a higher range and closed above the high of the following day, a bull flag bounce and re-breakout.

DECK +16.07, +10.57% and MHK -20.99, -13.82% on earnings reactions.

First day reaction: Q3, Friday, (excludes Tuesday, Wednesday)

Positive: DECK, DLR, RMD COF, AON, WDC, CNC, LHX CINF, TSLA, MOH, WST, CBRE, POOL, RJF, TMUS, NOW, UPS, LRCX, TYL, LH, ALGN, LVS, FTI, NOC, NFLX, ISRG, SNA, TRV, BX, MTB, STLD, DFS, PPG, UAL, SYF, USB, PLD, JBHT, ABT, OMC, WBA, SCHW, PNC, JNJ, FAST, WFC, JPM, BLK, = 49

Neutral:  ORLY, DTE, LKQ, DOW, PG, RF, MMC, KMI, STT, BAC, PGR, UNH = 12

Negative:  MHK, UHS, HCA, HIG, PFG, CL, DOC, VRSN, DXCM, AJG, EW, WY, NEM, TER, CARR, ROL, TXT, IBM, TSCO, HAS, LUV, HON, KDP, VLTO, UNP, ALLE, DOV, AMP, GL, VLO, URI, SLB, AXP, FITB, ELV, CSX, TFC, CCI, EFX, HBAN, KEY, CFG, BK, DAL, DPZ = 45

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

SPY down .20 at 579.04, 47.2 million shares, average volume,

VIX up 1.25 at 20.33

QQQ up 3.00 at 495.32

INTC, CRM, MSFT, AMZN led the DJIA, 8 advancers, -3      

TPR, DECK, DLR, RMD led the SPX, 150 advancers

GFS, TSLA, ODFL, CDNS led the NDX, 66 advancers

Up:  QQQ,

Down:  SPY, IWM, DIA,

The SPY MFC green line turned down at 84.7 and is counter-trend defensive, -4.7, because price is below the low of the high day, Oct. 14.

Three of eleven sectors were higher on Friday, led by XLK, XLY and XLC. 

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

Neutral sectors: XLE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is sideways.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down a little

66 of 100 NDX stocks closed higher on Friday.

57 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, PYPL, DASH, FTNT, TTD, ADSK, CSCO, BKNG, MAR, FAST, CEG, CRWD, PCAR, ABNB, DDOG, TMUS, ORLY, MU, ADP, ILMN, MRVL, NVDA, LULU, TEAM, SMCI, AAPL, PANW, ZS, TTWO, MNST, EA, DXCM, ISRG, NFLX, SBUX, CHTR, CMCSA, MSFT, BKR, NXPI, XEL, ADI, TSLA, TXN, VRTX, ANSS, AMZN, FANG, GFS, GOOGL, INTC, META, ODFL, ON, QCOM,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 10

ANSS, AMZN, FANG, GFS, GOOGL, INTC, META, ODFL, ON, QCOM,

Moving Below 30 DMA = 1

EXC,

Add Comments here:

SPX, NDX Rally Back on TSLA and Mega-cap Bounce...Consumer Discretionary, Communication Services, Technology Lead Sectors...TSLA Leads SPX, NDX on Positive EPS Reaction...After-hours: DECK Gains...

© 2024

The SPX +12.44, 5,809, opened higher, traded in a range and closed higher.  The SPX closed above 5,800 for the eighth time in nine days. 

The NDX +0.83% opened higher, trended up, closed higher and formed a bullish harami candle pattern.

NVDA +0.85, +0.61% opened higher, traded in a range and closed higher.

TSLA +46.83, +21.92% and IBM -5.80, -6.17% earnings reactions.

After-hours: DECK +20.71, +13.62% and MHK -14.36, -9.13% earnings reactions.

First day reaction: Q3, Thursday, (excludes Tuesday, Wednesday)

Positive: TSLA, MOH, WST, CBRE, POOL, RJF, TMUS, NOW, UPS, LRCX, TYL, LH, ALGN, LVS, FTI, NOC, NFLX, ISRG, SNA, TRV, BX, MTB, STLD, DFS, PPG, UAL, SYF, USB, PLD, JBHT, ABT, OMC, WBA, SCHW, PNC, JNJ, FAST, WFC, JPM, BLK, = 40

Neutral:  ORLY, DTE, LKQ, DOW, PG, RF, MMC, KMI, STT, BAC, PGR, UNH = 12

Negative:  NEM, TER, CARR, ROL, TXT, IBM, TSCO, HAS, LUV, HON, KDP, VLTO, UNP, ALLE, DOV, AMP, GL, VLO, URI, SLB, AXP, FITB, ELV, CSX, TFC, CCI, EFX, HBAN, KEY, CFG, BK, DAL, DPZ = 33

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

SPY up 1.25 at 579.24, 34.9 million shares, below average volume,

VIX down.16 at 19.08

QQQ up 3.96 at 492.32

INTC, GS, MCD, AMZN led the DJIA, 11 advancers, +7        

TSLA, MOH, WST, CBRE, POOL led the SPX, 249 advancers

TSLA, TMUS, LRCX, DXCM led the NDX, 61 advancers

Up:  QQQ, IWM, SPY,

Down:  DIA,

The SPY MFC green line turned down at 89.4 and is counter-trend defensive, -2.5, because price is below the low of the high day, Oct. 14.

Five of eleven sectors were higher on Thursday, led by XLY, XLC and XLK.  These 3 economic growth sectors, which are 51% of the SPX weighting, went from the bottom of the sector list on Wednesday to Thursday’s leading gainers.

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

Neutral sectors: XLE,

Down trend sectors:

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 Trend: Down a little

61 of 100 NDX stocks closed higher on Thursday.

48 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, PYPL, DASH, FTNT, TTD, ADSK, CSCO, BKNG, MAR, FAST, CEG, CRWD, PCAR, ABNB, DDOG, TMUS, ORLY, MU, ADP, ILMN, MRVL, NVDA, LULU, TEAM, SMCI, AAPL, PANW, ZS, TTWO, MNST, EXC, EA, DXCM, ISRG, NFLX, SBUX, CHTR, CMCSA, MSFT, BKR, NXPI, XEL, ADI, TSLA, TXN, VRTX,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 4

ADI, TSLA, TXN, VRTX,  

Moving Below 30 DMA = 5

COST, HON, KHC, LIN, PEP,

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SPX, NDX Close Lower on NVDA and Mega-Cap Weakness...Real Estate, Utilities Lead Sectors...After-hours: TSLA up, IBM down...

 

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The SPX -53.78, 5,797, opened lower, trended down, rallied from its intraday low and closed lower.  The SPX closed below 5,800 for the first time in eight days. 

The NDX -1.55%, opened lower, trended down, closed lower.

NVDA -4.03, -2.81%, opened lower, trended down, closed lower.

After-hours: TSLA +25.85, +12.10% and IBM -5.80, -2.49% earnings reactions.

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

SPY down 5.33 at 577.99, 49.3 million shares, average volume,

VIX up 1.04 at 19.24

QQQ down 7.60 at 488.36

VZ, WMT, JNJ, IBM led the DJIA, 4 advancers, -3                  

NTRS, TDY, PKG, SW led the SPX, 180 advancers

TXN, BKR, ON, NXPI led the NDX, 19 advancers

Up:  

Down:  IWM, SPY, DIA, QQQ,

Two of eleven sectors were higher on Wednesday, led by XLRE, XLU and XLF.

The SPY MFC green line turned down at 91.9 and is counter-trend defensive, -2.2, because price is below the low of the high day, Oct. 14.

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

Neutral sectors: 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: Down

19 of 100 NDX stocks closed higher on Wednesday.

53 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, PYPL, DASH, FTNT, TTD, ADSK, CSCO, BKNG, MAR, FAST, CEG, CRWD, PCAR, ABNB, DDOG, TMUS, ORLY, MU, ADP, ILMN, MRVL, NVDA, LULU, TEAM, SMCI, AAPL, HON, PANW, ZS, TTWO, MNST, EXC, LIN, PEP, ROP, EA, DXCM, ISRG, NFLX, SBUX, CHTR, CMCSA, MSFT, BKR, COST, NXPI, XEL,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 4

BKR, COST, NXPI, XEL,

Moving Below 30 DMA = 15

AMZN, ANSS, ARM, AVGO, CSGP, FANG, GOOGL, INTC, MELI, META, ODFL, PDD, QCOM, VRTX, WDAY,

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