©
2024
Markets
are closed on Thanksgiving Day
and open for half a day on Friday until 1 pm ET. Have a Happy Thanksgiving as we all give
thanks for our many blessings.
SPX -22.89, 5,998, pulled
back on light volume going into the Thanksgiving Day holiday. The DJI closes at 44,722, paused before
the holiday. The RUT closed
slightly higher on Wednesday.
NDX -0.61% closed
lower.
SMCI +0.64, +1.86%,
rallied modestly after Tuesday’s pullback, forming a bull flag pattern.
DELL -17.36, -12.25%, HPQ
-4.44, -11.36% and ADSK -27.32, -8.59%, fell on negative EPS reactions after soft guidance.
Mega caps BRK/B, GOOGL rose and AAPL,
META, AMZN, NVDA, MSFT TSLA, fell on Wednesday.
SPY down 1.82 at 598.83, 34.0 million
shares, below average volume,
VIX unchanged at 14.10
QQQ down 4.01 at 505.30
DIS, MRK TRV, BA led the DJIA, 12 advancers, -9
ULTA,
WBA, VRSN, AES, A led the SPX, 268 advancers
DLTR, MRNA, WBD, CSGP, SMCI led the NDX, 35 advancers
Up: IWM,
Down: DIA, SPY, QQQ,
The SPY
MFC green line moved up to 89.1 and
is short-term
bullish. +4.5.
Five
of eleven
sectors were higher on Wednesday, led by XLRE, XLV and XLP.
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 up
a little.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
35 of 100 NDX stocks closed higher on Wednesday.
63 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, WDAY, CPRT, FTNT, HON, PYPL, DXCM,
SBUX, ADBE, DDOG, MNST, SNPS, CSGP, CTSH, LULU, TTD, CCEP, CSX, DLTR, GILD,
ORLY, PAYX, ROP, ROST, AAPL, ABNB, MELI, ON, AEP, SMCI, CEG, EXC, MSFT,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 3
ADSK,
INTC, META,
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