©
2024
The SPX -1.00, 5,841, gapped
up, filled the gap and closed slightly lower after making a new intraday
all-time high. The SPX closed above
5,800 for the fourth time. The DJI
made a new all-time closing high.
The NDX +0.08, gapped up, filled the gap closed above
the high of the low day in bull flag bounce.
NVDA +1.21, +0.89%, gapped open, filled the gap and closed higher in a bull
flag bounce.
First
day reaction:
Q3, Thursday
Positive: SNA, TRV, BX, MTB, STLD, DFS, PPG, UAL, SYF, USB, PLD, JBHT, ABT, OMC, WBA, SCHW, PNC, JNJ, FAST,
WFC, JPM, BLK, = 22
Neutral: MMC, KMI, STT, BAC, PGR, UNH = 6
Negative: ELV, CSX, TFC, CCI, EFX, HBAN, KEY, CFG, BK, DAL, DPZ = 11
Mega caps NVDA, AMZN, AAPL, MSFT, BRK/B, META rose and TSLA, GOOGL fell on Thursday.
SPY up .05 at 582.35, 34.3 million
shares, below average volume, stayed above, Oct 14, the low of the high day
VIX down .47 at 19.11
QQQ up .34 at 491.25
TRV, CVX, AXP, V led the DJIA, 17 advancers, -4
UAL,
DAL, MS, WBA led
the SPX, 232 advancers
AVGO, MU, ASML, VRTX led the NDX, 49 advancers
Up: DIA, QQQ, SPY,
Down: IWM,
Four
of eleven sectors were higher on Thursday, led by XLE, XLK and XLF.
The SPY
MFC green line is pointed down at 94 and is short-term bullish, -0.7, because price is above the low of the
high day, Oct. 14.
Uptrend sectors: XLC, XLI,
XLU, XLF, XLB, XLY, XLK, XLP, XLRE, 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: Up a little
49 of 100 NDX stocks closed higher on Thursday.
66 NDX stocks are above their 30
DMA: CTAS, GILD, PAYX, PYPL, DASH, FTNT, GEHC, TTD, ADSK, CSCO, BKNG,
MAR, FAST, ARM, AVGO, CEG, CRWD, META, PCAR, ABNB, INTC, BKR, CMCSA, DDOG, CPRT,
GOOGL, TMUS, ORLY, PDD, MU, SNPS, ADP, ILMN, MRVL, NVDA, LULU, TEAM, SMCI,
AAPL, ANSS, HON, PANW, ZS, AMZN, ODFL, QCOM, TTWO, MNST, VRTX, EXC, GFS,
LIN, PEP, ROP, CSGP, CTSH, EA, ADI, DXCM, FANG, MELI,
ROST, SNPS,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 3
MELI, ROST, SNPS,
Moving Below 30 DMA = 5
CHTR,
CSX, VRSK, WBD, XEL,
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