DJI Inches to all-time Closing High...SPX, NDX, RUT Close Higher as Consumer Discretionary, Industrials, Financials Lead Sectors...

© 2024

SPX +20.63, 5,969.  The DJI closes at 44,296.51, an all-time closing high.

NDX +0.17%, narrow range day, lagged other indices as mega caps AMZN, META, GOOGL, NVDA lagged other stocks.

SMCI +3.45, +11.62%, led the SPX again, after submitting a plan, earlier in the week, to the Nasdaq for a time extension to file their annual and quarterly financial reports.

TSLA +12.92, +3.80%, resumed its upward momentum on Friday and made an intraday high.  

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

SPY up 1.84 at 595.51, 38.2 million shares, below average volume,

VIX down 1.63 at 15.24

QQQ up .81 at 505.79

BA, NKE, AXP, HD led the DJIA, 25 advancers, +3                

SMCI, DECK, GM, PLTR led the SPX, 382 advancers

SMCI, CPRT, DDOG, MRNA led the NDX, 70 advancers

Up:  IWM, DIA, SPY, QQQ,

Down: 

The SPY MFC green line turned up at 73.8 and is short-term bullish. +5.7.

Nine of eleven sectors were higher on Friday, led by XLY, XLI and XLF. 

Uptrend sectors:   XLF, XLC, XLI, XLK, XLU, XLB, XLY, XLRE, XLP, XLV,

Neutral sectors: XLE,

Down trend sectors:

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: Up

70 of 100 NDX stocks closed higher on Friday.

63 NDX stocks are above their 30 DMA:  DASH, ADSK, CSCO, BKNG, FAST, TMUS, ADP, MRVL, NVDA, TEAM, PANW, TTWO, EA, ISRG, NFLX, BKR, TSLA, ODFL, CDNS, CHTR, VRSK, WBD, XEL, AMZN, ANSS, CRWD, INTU, ZS, PCAR, COST, CTAS, GFS, INTC, MAR, MDB, WDAY, CPRT, FTNT, HON, PYPL, DXCM, SBUX, ADBE, DDOG, MNST, SNPS, CSGP, CMCSA, CTSH, LULU, TTD, CCEP, CSX, DLTR, FANG, GILD, ORLY, PAYX, ROP, ROST, AAPL, ABNB, MELI, ON,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 4

AAPL, ABNB, MELI, ON,

Moving Below 30 DMA = 3

AEP, CEG, INTU,

Add Comments here: