Monday, October 14, 2024

SPX, DJIA, NVDA Open Higher Make New All-time Closing High...Technology, Utilities, Real Estate Lead Sectors


© 2024


The SPX +44.82, 5,859, opened higher, trended up and closed at a new all-time-closing high.  The SPX closed above 5,800 for the second time.  The DJI closed at a new all-time-closing high.

The NDX +0.82%, opened higher, trended up and closed higher.  The NDX was a short-term breakout today.

NVDA +3.27, +2.43%, opened higher, trend higher, closed at a new all-time closing high.  

First day reaction: Q3
PositiveFAST, WFC, JPM, BLK, = 4
Neutral:  = 0
Negative:  BK, DAL, DPZ = 3


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

SPY up 4.74 at 584.32, 36.2 million shares, below average volume
VIX down .76 at 19.70
QQQ up 4.14 at 497.50

AAPL, MCD, TRV, GS led the DJIA, 21 advancers, -7
VST, QCOM, HUM, DAL led the SPX, 398 advancers
ARM, MRVL, QCOM, AMAT led the NDX, 75 advancers

Up:  QQQ, SPY, IWM, DIA,  
Down: 

Ten of eleven sectors were higher on Monday, led by XLK, XLU and XLRE.

The SPY MFC green line is pointed up at 97.2 and is short-term bullish. +3.5

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 TrendUp


75 of 100 NDX stocks closed higher on Monday.

82 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, EXC, GFS, ISRG, LIN, MCHP, MELI, PEP, ROP, TXN,  CHTR, CSGP, CTSH, EA, ON, VRSK,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 6 
CHTR, CSGP, CTSH, EA, ON, VRSK,


Moving Below 30 DMA = 1
AMGN,



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