©
2024
SPX +33.64, 6,032, recovered
Wednesday’s pullback and closed at a new all-time closing high. Markets closed at 1 pm ET, a half day of
trading on Friday. The DJI closes at 44,910, also a new
all-time closing high. The RUT
+0.35% closed
slightly higher on Friday.
NDX +0.90% recovered
Wednesday’s pullback and closed higher.
SMCI -2.43, -0.93%, pulled back
again after Wednesday’s bounce, forming a three-day bull flag pattern.
DELL +3.21, +2.58%,
is a gap down reversal breakout after a negative EPS reaction.
HPQ +0.77, +2.22%, formed
a piercing line candle and is a channel bounce setup after a negative EPS
reaction.
Mega caps TSLA, NVDA, AMZN, AAPL, META, MSFT rose and BRK/B, GOOGL fell on Friday.
SPY up 3.72 at 602.55, 30.1 million
shares, below average volume,
VIX down .59 at 13.51, fell -.20 on
Thursday in global trading.
QQQ up 4.44 at 509.74
NVDA, BA, HON, AMZN led the DJIA, 20 advancers, +8
RL,
TSLA, FSLR, VST, LVS led the SPX, 298 advancers
TSLA, LRCX, MRVL, ASML led the NDX, 69 advancers
Up: QQQ, SPY, DIA, IWM,
Down:
The SPY
MFC green line moved up to 92.7 and
is short-term
bullish. +3.6.
Ten of eleven
sectors were higher on Friday, led by XLY, XLK and XLI.
Uptrend sectors: XLY, XLF,
XLC, XLI, XLU, XLE, XLK, XLRE, XLP, XLB,
Neutral sectors: XLV,
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 Trend: Up a little
69 of 100 NDX stocks closed higher on Friday.
65 NDX stocks are above their 30
DMA: DASH, CSCO, BKNG, FAST, TMUS, ADP, MRVL, TEAM, PANW,
TTWO, EA, ISRG, NFLX, BKR, TSLA, ODFL, CDNS, CHTR, VRSK, WBD, XEL, AMZN, ANSS,
CRWD, INTU, ZS, PCAR, COST, CTAS, GFS, MAR, MDB, CPRT, FTNT, HON, PYPL, DXCM,
SBUX, ADBE, DDOG, MNST, SNPS, CSGP, CTSH, LULU, TTD, CCEP, CSX, DLTR, GILD,
ORLY, PAYX, ROP, ROST, AAPL, ABNB, ON, AEP, SMCI, CEG, EXC, MSFT, ASML, CMCSA,
INTC, META,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 4
ASML, CMCSA, INTC, META,
Moving Below 30 DMA = 2
MELI,
WDAY,
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