SPX, NDX All-time Closing Highs as Post-election Rally Continues...Technology, Communication Services, Consumer Discretionary Lead Sectors Higher...After-hours: AXON, EXPE Up on EPS Reactions...

© 2024

The SPX +44.06, 5,973, gapped higher, trended up and closed at a new all-time closing high.  Breadth was mixed with strength in the growth sectors,  technology, communication services and consumer discretionary, along with a another drop in VIX.

The NDX +1.54% broke out of a four-month channel to a new all-time closing high. DJI and RUT both made new all-time intra-day highs.  The DJI closed unchanged, and the RUT closed slightly lower.

MTCH –6.77, -17.873%. EPS beat, revenue miss, lower guidance.

APA -2.80, -11.32%. EPS miss and sales beat.

After-hours:

AXON +51.25, +10.93%. EPS beat, sales beat, raise guidance.

EXPE +8.97, +5.15%. EPS beat, sales miss, raises full-year guidance.

102 SPX Companies report EPS this week.

SPX companies reporting on Friday. 3 BMO: BAX, NRG, PARA.

First day reaction: Q3, Friday, (excludes Oct 22 and 23)

Positive: EPAM, VTRS, WBD, MCK, VST, TTWO, GILD, ANSS, RL, FICO, TPR, ALB, KVUE, APD, ATO, TRMB, CRL, HWM, CVS, JCI, SRE, AIZ, COR, PNW, DVN, PLTR, CMI, EMR, VRTX, BLDR, TRGP, DD, BR, AVB, MPC, IT, YUM, EXPD, RVTY, FOXA, WAT, CHTR, INTC, CAH, AMZN, CHD, CVX, TROW, PAYC, ETR, IP, AME, GEN, MO, COP, NCLH, XEL, BMY, BKNG, CMCSA, GDDY, WTW, SO, AWK, PH, AMGN, CLX, GRMN, SW, FMC, TECH, DAY, IEX, VMC, ABBV, ZBH, VRSK, GPN, MLM, EQT, HUM, ITW, V, GOOGL, EA, GEHC, NI, ADP, SYK, CDNS, INCY, FFIV, LDOS, ZBRA, WM, WELL, GLW, RCL, BRO, CNP, ON, DECK, DLR, RMD COF, AON, WDC, CNC, LHX CINF, TSLA, MOH, WST, CBRE, POOL, RJF, TMUS, NOW, UPS, LRCX, TYL, LH, ALGN, LVS, FTI, NOC, NFLX, ISRG, SNA, TRV, BX, MTB, STLD, DFS, PPG, UAL, SYF, USB, PLD, JBHT, ABT, OMC, WBA, SCHW, PNC, JNJ, FAST, WFC, JPM, BLK, = 137

Neutral:  EVRG, PCG, TAP, WMB, HST, QCOM, MRO, O, FIS, JNPR, LYB, SPG, D, GWW, CI, SBUX, CTSH, GNRC, BWA, EQIX, K, WEC, MAA, CMS, MDLZ, OKE, EXC, EIX, HES, EXR, TEL, REG. MAS, MCD, ORLY, DTE, LKQ, DOW, PG, RF, MMC, KMI, STT, BAC, PGR, UNH = 46

Negative:  MTCH, APA, ROK, BDX, STE, CTVA, PTC, TDG, HAL, MRNA, HSY, DUK, AEE, SMCI, IFF, IRM, AEP, JKHY, MCHP, MKTX, CE, WYNN, ADM, HOLX, NXPI, HSIC FANG, ES, AIG, CEG, PEG, ZTS, L, BEN, MAR, AES, AMCR, ERIE, CTRA, EMN, LNT, PPL, IR, CPT, CBOE, XOM, AAPL, VICI,  HII, EL, APTV, TFX, SMCI, MGM, IDXX, UBER, REGN, EBAY, BALL, XYL, EG, ICE, ACGL, MSFT CHRW, MET, INVH, DINO, EQR, AFL, IQV, META, KLAC, LIN, PRU, ETN, PWR, UDR, FRT, MA, MRK, PSA, ALL, VTR, KIM, QRVO, CDW, DVA, AMD, CZR, CMG, LLY, BXP, TT, FTV, KHC, OTIS, RSG, BG, CAT, FE, ESS, BIIB, CB, FSLR, SWK, F, DHI, PSX, AMT, PYPL, SBAC, MSCI, HUBB, PFE, SYY, ECL, MHK, UHS, HCA, HIG, PFG, CL, DOC, VRSN, DXCM, AJG, EW, WY, NEM, TER, CARR, ROL, TXT, IBM, TSCO, HAS, LUV, HON, KDP, VLTO, UNP, ALLE, DOV, AMP, GL, VLO, URI, SLB, AXP, FITB, ELV, CSX, TFC, CCI, EFX, HBAN, KEY, CFG, BK, DAL, DPZ = 163

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

SPY up 4.57 at 595.61, 47.2 million shares, above average volume,

VIX down 1.07 at 15.20

QQQ up 7.96 at 513.54

HD, BA, (NVDA), AAPL, UNH led the DJIA, 19 advancers, -0          

EPAM, VTRS, SMCI, MCK, VST led the SPX, 264 advancers

SMCI, WBD, TTWO, GILD led the NDX, 75 advancers

Up:  QQQ, SPY, DIA,

Down:  IWM,

The SPY MFC green line turned up at 59.5 and is short-term bullish, +16.

Eight of eleven sectors were higher on Thursday, led by XLK, XLC and XLY. 

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.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

75 of 100 NDX stocks closed higher on Thursday.

69 NDX stocks are above their 30 DMA:  GILD, PAYX, DASH, TTD, ADSK, CSCO, BKNG, FAST, ABNB, DDOG, TMUS, ADP, ILMN, MRVL, NVDA, LULU, TEAM, PANW, TTWO, MNST, EA, ISRG, NFLX, CMCSA, BKR, TSLA, GOOGL, ODFL, CDNS, SNPS, CHTR, VRSK, VRTX, WBD, XEL, AMZN, ANSS, CRWD, INTU, ZS, PCAR, COST, CSX, CTAS, GFS, INTC, MAR, MDB, MU, WDAY, ADBE, AMGN, AVGO, CPRT, CTSH, FTNT, HON, MSFT, ON, ORLY, PYPL, QCOM, ROP, TXN, AMAT, ARM, CSGP, LRCX, META,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 5

AMAT, ARM, CSGP, LRCX, META,

Moving Below 30 DMA = 2

FANG, MELI,

Add Comments here: