©
2024
The SPX +55.19, 5,751, opened
higher, trended up, regained Monday’s pullback and closed at Friday’s close. The SPX is a bull flag bounce. The SPX closed above 5,700
for the twelfth time since Sept. 19.
The NDX +1.55%, opened higher and regained all of
Monday’s pull back and closed above Friday’s high. The NDX is a bull flag bounce moving
above the high of a following day and the low day.
NVDA +5.16, +4.04%, opened higher, trended up and closed
higher just $2.69 below its all-time closing high on June 18.
PEP +3.21, +1.52%, positive earnings reaction on an EPS beat and revenue
miss as we enter the Q3 earnings season.
Mega caps NVDA, AAPL, TSLA, META, MSFT, AMZN, GOOGL, BRK/B rose
on Tuesday.
SPY up 5.37 at 573.17, 35.2 million
shares, below average volume
VIX down 1.23 at 21.41
QQQ up 7.20 at 489.30
INTC,
CRM, TRV, AAPL led the DJIA, 20 advancers, +16
PLTR,
EW, CCL, BAX led
the SPX, 312 advancers
PANW, SNPS, INTC, NVDA led the NDX, 84 advancers
Up: QQQ, SPY, DIA, IWM,
Down:
Nine
of eleven sectors were higher on Tuesday, led by XLK, XLY and XLC
The SPY
MFC green line turned up at 87 and is short-term bullish. +2.6
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
84 of 100 NDX stocks closed higher on Tuesday.
62 NDX stocks are above their 30
DMA: CTAS, GILD, PAYX, EXC, PYPL, DASH, FTNT, GEHC, TTD, ADSK,
NFLX, CSCO, BKNG, MAR, FAST, IDXX, PCAR, TSLA, AMD, ARM, AVGO, CEG, CRWD, META,
PCAR, ABNB, INTC, BKR, CMCSA, DDOG, CPRT, GOOGL, TMUS, TXN, AMAT, ORLY, PDD, LRCX,
MU, SBUX, SNPS, ADP, ISRG, ADI, ILMN, KLAC, MRVL, NVDA, FANG, LULU, TEAM, SMCI,
AAPL, ANSS, ASML, CDNS, CDW, DXCM, HON, PANW, SNPS, VRSK, ZS,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 11
AAPL, ANSS, ASML, CDNS, CDW, DXCM, HON, PANW, SNPS, VRSK,
ZS,
Moving Below 30 DMA = 0
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