Wednesday, December 11, 2024

SPX Closed Higher...Bull Flag Bounce...


© 2024


SPX +49.28, 6,084, bounced above the high of the low day two in bull flag price pattern.    The DJI closed lower at 44,148. 

NDX +1.85% closed higher.


The SPY MFC green line is pointed down at 92.5 and is counter-trend defensive. -0.6.


Uptrend sectors:   XLY, XLC, XLK, XLF, XLI, XLE, XLP, XLU, XLRE, XLB,
Neutral sectors:  XLV,
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 TrendSideways


69 of 100 NDX stocks closed higher on Wednesday.

57 NDX stocks are above their 30 DMA:  DASH, CSCO, BKNG, MRVL, TEAM, PANW, TTWO, EA, ISRG, NFLX, TSLA, CDNS, WBD, AMZN, ANSS, CRWD, INTU, ZS, PCAR, COST, GFS, MAR, CPRT, FTNT, HON, PYPL, DXCM, SBUX, ADBE, DDOG, CTSH, LULU, TTD, DLTR, ORLY, ROST, AAPL, SMCI, MSFT, ASML, META, LRCX, CCEP, WDAY, ADSK, AVGO, GOOGL, ABNB, AZN, IDXX, ILMN, KDP, GILD, ANSS, ARM, BKR, CSGP, INTU,

NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 5
ANSS, ARM, BKR, CSGP, INTU,


Moving Below 30 DMA = 3
ADP, VRSK, XEL,



Add Comments here:

No comments: