Monday, December 2, 2024

SPX, NDX at All-time Closing Highs...Technology, Consumer Discretionary, Communication Services Led Sectors...After-hours: ZS Down on Negative EPS Reaction...


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SPX +14.7, 6,047, a new all-time closing high.    The DJI closes at 44,782, a modest pullback.  The RUT closed flat.

NDX +1.12% all-time closing high.

SMCI +9.36, +28.68%, rallied on additional disclosure on positive financial findings, bull flag bounce and breakout.


After-hours:  ZS -17.41, -8.35%, negative EPS reaction after an EPS beat, revenue beat and raised FY25 guidance.


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


SPY up 1.08 at 603.63, 31.7 million shares, below average volume,
VIX down .17 at 13.34
QQQ up 5.55 at 515.29

MSFT, AMZN, AAPL, NKE led the DJIA, 12 advancers, -8   
SMCI, LRCX, NCLH, EL ENPH, FLSR led the SPX, 298 advancers
SMCI, LRCX, TTD, AMAT led the NDX, 63 advancers 

Up:  QQQ, SPY,
Down:  IWM, DIA,

The SPY MFC green line moved up to 95.2 and is short-term bullish. +2.5.

Three of eleven sectors were higher on Monday, led by XLK, XLY and XLC. 

Uptrend sectors:   XLY, XLF, XLC, XLI, XLU, XLE, XLK, XLRE, XLP, 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 TrendUp a little


63 of 100 NDX stocks closed higher on Monday.

70 NDX stocks are above their 30 DMA:  DASH, CSCO, BKNG, FAST, TMUS, ADP, MRVL, TEAM, PANW, TTWO, EA, ISRG, NFLX, BKR, TSLA, ODFL, CDNS, CHTR, VRSK, WBD, XEL, AMZN, ANSS, CRWD, INTU, ZS, PCAR, COST, CTAS, GFS, MAR, MDB, CPRT, FTNT, HON, PYPL, DXCM, SBUX, ADBE, DDOG, MNST, SNPS, CSGP, CTSH, LULU, TTD, CSX, DLTR, GILD, ORLY, PAYX, ROP, ROST, AAPL, ABNB, ON, AEP, SMCI, CEG, MSFT, ASML, CMCSA, INTC, META, ADI, AMAT, IDXX, ILMN, KLAC, LRCX, NXPI, 

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 7
ADI, AMAT, IDXX, ILMN, KLAC, LRCX, NXPI,   


Moving Below 30 DMA = 2
CCEP, EXC,



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