Friday, December 6, 2024

SPX, NDX Closed at All-time Closing Highs...Consumer Discretionary, Communications Services, Technology Lead Sectors...LULU, HPE, ULTA Gap up on Positive EPS Reactions...


© 2024


SPX +15.16, 6,090, closed at an all-time closing high following an inline Jobs Report Friday morning.    The DJI closed lower at 44,642, for a second day, after it first close above 45,000 on Wednesday.  The RUT closed higher and formed a bullish harami candle pattern in a bull flag price pattern.

NDX +0.92% closed at an all-time high.

SMCI +2.79, +6.78%, resumed its channel bounce on Friday.

LULU +54.79, +15.89%, HPE +2.30, +10.62%, and ULTA +35.30, +8.99%, each gapped up and rose on Friday on positive earnings reactions.


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


SPY up 1.15 at 607.81, 31.2 million shares, below average volume,
VIX down .77 at 12.77
QQQ up 4.67 at 526.48

AMZN, IBM, AXP, HD led the DJIA, 14 advancers, -2            
LULU, HPE, ULTA, PLTR, ALB led the SPX, 201 advancers
LULU, SMCI, TSLA, AVGO led the NDX, 65 advancers

Up:  QQQ, IWM, SPY,
Down:  DIA,

The SPY MFC green line is flat 97.7 and is short-term bullish. -0.2.

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

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 TrendUp a little


34 of 100 NDX stocks closed higher on Friday.

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

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 5
ABNB, ARM, AZN, CMCSA, IDXX,     


Moving Below 30 DMA = 6
AEP, BKR, FAST, INTU, KDP, ROP,



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