©
2024
SPX -5.08, 5,867, opened higher, traded in a volatile range
and closed lower. Breadth strengthened from
Wednesday but remained negative. The DJI,
42,342 closed
higher after a ten-day pullback, reportedly the longest since 1974. The RUT closed lower.
NDX -0.47% closed
lower in a 3-day bull flag pattern.
LW -15.72, -20.10%,
MU -16.81, -16.18%, CTAS -21.60, -10.57%, closed lower on negative earnings reactions.
TSLA -3.96, -0.90%, opened higher,
closed slightly lower.
SMCI -0.99, -3.07%, closed at
3-week support.
PLTR, AXON and MSTR will be added to the NDX
before the open on Dec. 23 and SMCI, MRNA and ILMN
will be removed.
LII, APO and
WDAY will be added to
the SPX before the open on Monday, Dec. 23 and CTLT, QRVO
and AMTM will be removed.
Mega caps NVDA, AMZN, AAPL, BRK/B, GOOGL rose, and MSFT, META, TSLA, AVGO fell on Thursday.
SPY down 0.18 at 586.10, 85.9 million
shares, above average volume,
VIX down 3.53 at 24.09,
VIX1D
down 22.44 at 23.31, post FOMC.
QQQ down 2.30 at 514.17
BA, AXP, IBM, V led the DJIA, 18 advancers, +17
DRI,
ACN, GEV, UAL, PLTR led the SPX, 197 advancers
MRVL, MRNA, APP, EXC led the NDX, 36 advancers
Up: DIA,
Down: SPY, IWM, QQQ,
The SPY
MFC green line is pointed down at 64.1 and is counter-trend defensive.
-15.9.
Three
of eleven
sectors were higher on Thursday, led by XLU, XLF and XLK.
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 down.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
36 of 100 NDX stocks closed higher on Thursday.
15 NDX stocks are above their 30
DMA: MRVL, NFLX, TSLA, WBD, AMZN, DDOG, LULU, AAPL, MSFT, ASML,
META, CCEP, WDAY, AVGO, GOOGL
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 5
COST,
LRCX, MU, ROST, SMCI,
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