©
2024
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 Trend: Up 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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