©
2024
The SPX +51.13, 5,751, gapped
higher after a better-than-expected Jobs Report Nonfarm payrolls of 254K
vs 132.5K est. and 4.1% unemployment vs. 4.2% est. After a first hour fill the gap pullback, the
SPX rallied and closed higher with a bull flag bounce close above the
high of the low day. The SPX closed
above 5,700 for the eleventh time in twelve days.
The DJI
closed at a new all-time high.
The NDX 1.22%, gapped higher, filled the gap, reversed
and trended up. The NDX bounced in
a bull flag and closed above the HOLD.
NVDA +2.07, +1.68%, opened higher traded in a range and
closed higher.
Mega caps TSLA, AMZN, META, BRK/B, NVDA, GOOGL, AAPL rose and
MSFT, fell on Friday.
SPY up 5.16 at 572.98, 43.0 million
shares, below average volume
VIX down 1.28 at 19.21
QQQ up 5.73 at 487.32
JPM,
AXP, BA, AMZN led the DJIA, 21 advancers, +16
ALB,
UAL, DECK, DFS led the SPX, 356 advancers
TEAM, AMD, MDB, DDOG, TSLA led the NDX, 83 advancers
Up: IWM, QQQ, SPY, DIA,
Down:
Nine
of eleven sectors were higher on Friday, led by XLF, XLY and XLK
The SPY
MFC green line turned up at 87.8 and is short-term bullish. +0.9
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 up
a little.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up a little
83 of 100 NDX stocks closed higher on Friday.
59 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, AMZN, CDNS, CTSH, LULU, TEAM,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 5
AMZN, CDNS, CTSH, LULU, TEAM,
Moving Below 30 DMA = 1
VRSK,
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