©
2024
SPX +22.99, 6,074, closed
higher in a congested bull flag price pattern. The DJI closed lower at 43,717. The RUT closed higher and formed a
bullish engulfing pattern at support.
NDX +1.45% closed
at a new all-time closing high.
Fed interest
rate announcement and press conference Wednesday afternoon.
AVGO +25.20, +11.21%, joined
the mega-cap ranks last week with a trillion-dollar market cap after reporting
strong earnings and AI growth.
SMCI -3.01, -8.26%, will be
removed from the NDX 100 before the open on Dec. 23 along with MRNA
and ILMN. PLTR, AXON and
MSTR will be added to the NDX.
Mega caps AVGO, TLSA, GOOGL, AMZN, AAPL, MSFT, META rose,
and BRK/B, NVDA fell on Monday.
SPY up 2.58 at 606.79, 43.6 million
shares, above average volume,
VIX up .88 at 14.69
QQQ up 7.64 at 538.17
HON, AMZN, BA, AAPL led the DJIA, 13 advancers,
AVGO,
TSLA, MU, CRWD, TER led the SPX, 181 advancers
AVGO, TSLA, APP, MU led the NDX, 52 advancers
Up: QQQ, IWM, SPY,
Down: DIA,
The SPY
MFC green line turned up at 90.4 and is short-term bullish.
+1.1.
Four
of eleven
sectors were higher on Monday, led by XLY, XLK and XLC.
Uptrend sectors: XLY, XLC,
XLK, XLF, XLI, XLP, XLU, XLRE,
Neutral sectors: XLE, XLB,
Down trend sectors: XLV,
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
52 of 100 NDX stocks closed higher on Monday.
50 NDX stocks are above their 30
DMA: DASH, BKNG, MRVL, TEAM, PANW, TTWO, ISRG, NFLX, TSLA,
CDNS, WBD, AMZN, CRWD, COST, GFS, MAR, CPRT, FTNT, HON, PYPL, DXCM, SBUX, APP, DDOG,
CTSH, LULU, TTD, DLTR, ORLY, ROST, AAPL, SMCI, MSFT, ASML, META, LRCX, CCEP,
WDAY, AVGO, GOOGL, AZN, IDXX, KDP, GILD, ARM, KLAC, MU, ILMN, INTU, ZS,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
ILMN, INTU, ZS,
Moving Below 30 DMA = 2
CSCO,
KHC,
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