Thursday, November 21, 2024

SPX, NDX Close Higher...Utilities, Financial, Industrials Lead Sectors...Bull Flag Bounce...After-hours: INTU Gaps Down after EPS...


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SPX +31.60, 5,948, a higher open sold off 50 points following reports of Russia firing an intermediate range ballistic missile at Ukraine.  The SPX began to rally after the first hour of trading. 

SPY and QQQ were two of many bull flag bounce continuation moves on Thursday.

NDX +0.36%, formed another dragonfly doji as it bounced above the high of the low day.

NVDA +0.78, +0.53%, reported an earnings and revenue beat after the close on Wednesday, raised guidance and traded in a range on Thursday and closed slightly higher.

TSLA -2.39, -0.70%, traded in a narrow range and closed slightly lower.  


After-hours: INTU -37.41, -5.51%, gapped down after reporting an earnings and revenue beat, but lowered Q2 guidance while it maintained FY25 guidance


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


SPY up 3.17 at 593.57, 46.5 million shares, above average volume,
VIX down .29 at 16.87
QQQ up 1.81 at 504.98

IBM, SHW, CRM, HD led the DJIA, 22 advancers, +4            
SMCI, DE, VST, NTAP led the SPX, 436 advancers
SMCI, MDB, ROST, CEG led the NDX, 84 advancers

Up:  IWM, DIA, SPY, QQQ,
Down: 

The SPY MFC green line is pointed sideways at 68.1 and is defensive/shifting to short-term bullish. -.1.

Ten of eleven sectors were higher on Thursday, led by XLU, XLF and XLI. 

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 TrendUp a little


84 of 100 NDX stocks closed higher on Thursday.

62 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, AEP, CCEP, CEG, CSX, DLTR, FANG, GILD, ORLY, PAYX, ROP, ROST,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 11
AEP, CCEP, CEG, CSX, DLTR, FANG, GILD, ORLY, PAYX, ROP, ROST,


Moving Below 30 DMA = 2
AAPL, GOOGL,



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