©
2024
The SPX -9.60, 5,699, opened
lower, traded in a range for the balance of the day forming a doji candle in a
bull flag setup. The SPX closed
below 5,700 for the first time since September 19.
The NDX -0.05%, opened lower and traded up in a range. The NDX formed a white spinning top in a bull
flag setup.
NVDA +4.00, +3.37%, opened higher, after CEO indicated on Wednesday
that demand for new Blackwell chip is “insane”, and trended up moving above the
high of the low day in a bull flag setup.
Jobs Report
Friday morning 8:30 am
ET BMO.
Mega caps NVDA, META, AAPL rose GOOGL
was unchanged and MSFT, AAPL, BRK/B, AMZN, TSLA fell
on Thursday.
SPY down 1.04 at 567.82, 40.8 million
shares, below average volume
VIX up 1.59 at 20.49
QQQ down .36 at 481.59
IBM,
CRM, CVX, HD led
the DJIA, 5 advancers, -8
MKTX,
DINO, VLO, MPC led the SPX, 112 advancers
CEG, FANG, PCAR, NVDA led the NDX, 23 advancers
Up:
Down: QQQ, SPY, DIA, IWM,
Two of eleven sectors were higher on Thursday, led by XLE, XLK and XLU
The SPY
MFC green line turned down at 86.9 and is counter-trend defensive. -2.5
Uptrend sectors: XLB, XLY,
XLC, XLI, XLU, XLP, XLRE, XLK, XLV, XLF,
Neutral sectors:
Down trend sectors: XLE,
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
23 of 100 NDX stocks closed higher on Thursday.
55 NDX stocks are above their 30
DMA: CTAS, GILD, PAYX, EXC, XEL, PYPL, DASH, FTNT, GEHC, TTD, ADSK,
NFLX, CSCO, BKNG, MAR, MNST, FAST, IDXX, PCAR, TSLA, AMD, ARM, AVGO, CEG, CRWD,
META, PCAR, ABNB, INTC, BKR, CMCSA, DDOG, AAPL, CPRT, GOOGL, TMUS, TXN, AMAT, ORLY,
PDD, LRCX, MU, SBUX, CSX, SNPS, ADP, ISRG, ADI, ILMN, KLAC, MRVL, NVDA, QCOM, ASML,
FANG, VRSK,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 3
ASML, FANG, VRSK,
Moving Below 30 DMA = 7
AEP,
AMZN, CTSH, ISRG, KDP, LIN, WBD,
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