©
2024
The SPX +36.67, 5,815, opened slightly lower after the PPI
report, reversed and closed at a new all-time closing high. The SPX closed above 5,800 for
the first time. The DJI also closed
at a new all-time closing high.
The NDX +0.15%, opened lower, reversed and closed higher. The NDX is an HBO setup.
NVDA -0.01, -0.01%, traded in a range.
First
day reaction:
Q3
Positive: FAST, WFC, JPM, BLK, = 4
Neutral: = 0
Negative: BK, DAL, DPZ = 3
Mega caps AMZN, BRK/B, META, GOOGL, MSFT rose and MVDA, AAPL, TSLA fell on
Friday.
SPY up 3.45 at 579.58, 42.2 million
shares, below average volume
VIX down .47 at 20.46
QQQ up .77 at 493.36
JPM,
BA, GS, AMGN led
the DJIA, 28 advancers, +19
UBER,
FAST, GWW, WFC led the SPX, 433 advancers
FAST, DASH, PCAR, SMCI led the NDX, 81 advancers
Up: IWM, DIA, SPY, QQQ,
Down:
Ten
of eleven sectors were higher on Friday, led by XLF, XLI and XLRE.
The SPY
MFC green line is pointed up at 93.7 and is short-term bullish. +.6
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
a little.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
81 of 100 NDX stocks closed higher on Friday.
77 NDX stocks are above their 30
DMA: CTAS, GILD, PAYX, PYPL, DASH, FTNT, GEHC, TTD, ADSK, NFLX, CSCO,
BKNG, MAR, FAST, AMD, ARM, AVGO, CEG, CRWD, META, PCAR, ABNB, INTC, BKR, CMCSA,
DDOG, CPRT, GOOGL, TMUS, AMAT, ORLY, PDD, LRCX, MU, SNPS, ADP, ADI, ILMN, KLAC,
MRVL, NVDA, FANG, LULU, TEAM, SMCI, AAPL, ANSS, ASML, CDNS, CDW,
DXCM, HON, PANW, SNPS, ZS, AMZN, CSX, NXPI, ODFL, QCOM, TTWO, MDB, MNST, VRTX, AMGN, EXC, GFS, ISRG, LIN, MCHP, MELI, PEP, ROP, TXN,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 10
AMGN, EXC, GFS, ISRG, LIN, MCHP, MELI, PEP, ROP, TXN,
Moving Below 30 DMA = 1
TSLA,
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