SPX, NDX Close Lower...Health Care, Real Estate Lead Sectors...After-hours: ORCL Lower on EPS Reaction...

© 2024

SPX -37.42, 6,052, pulled back forming day one of a potential bull flag price pattern.    The DJI closed lower at 44,401.  The RUT closed lower in an extended bull flag price pattern.

NDX -0.84% closed slightly lower.  

SPY and QQQ moved modestly lower today on below average volume, however these NDX-100 leading decliners CMCSA, CHTR, CTAS, TMUS, MRVL and AMD, moved lower on well above-average volume.

SMCI +0.23, +0.52%, was granted an extension to Feb 25, by the Nasdaq to file annual, quarterly reports.

After-hours: ORCL -14.69, -7.71% on a 1-cent EPS miss and $54 million sales miss $14.059 billion.  Positive AI comments from Larry Ellison, Chairman and CTO.

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

SPY down 3.13 at 604.68, 34.6 million shares, below average volume,

VIX up 4.67 at 14.19

QQQ down 1.42 at 522.38

UNH, BA, AMGN, AAPL led the DJIA, 11 advancers, -3       

HSY, BBWI, ENPH, CRL, VRSN led the SPX, 229 advancers

PDD, WDAY, ILMN, MCHP led the NDX, 44 advancers

Up: 

Down:  DIA, IWM, SPY, QQQ,

The SPY MFC green line is pointed down at 96 and is counter-trend defensive. -1.7.

Two of eleven sectors were higher on Monday, led by XLV, XLRE and XLB. 

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 Trend: Sideways

44 of 100 NDX stocks closed higher on Monday.

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

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 5

ILMN, KDP, MRNA, MU, VRTX,

Moving Below 30 DMA = 9

ADP, ARM, CEG, CHTR, CMCSA, CTAS, GILD, NVDA, TMUS,

Add Comments here: