Thursday, December 5, 2024

SPX, NDX Closed Lower ahead of Friday's Job Report...Consumer Discretionary, Consumer Staples, Energy Lead Sectors...TSLA Leads NDX...


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SPX -11.38, 6,075, after a midday high of 6,094 the SPX closed lower ahead of Friday’s Jobs Report at 8:30 am ET.    The DJI closes at 44,765, the day after it first close above 45,000.  The RUT closed at a seven-day low.

NDX -0.31% after Wednesday’s 1.24% gain, a modest retracement.

SMCI -0.67, -1.60%, paused sideways on Thursday.

CRM pulled back -6.49 after Wednesday’s +36.44, earnings gain.  MRVL pulled back -4.78 after Wednesday’s +22.24, earnings rally 


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


SPY down 1.00 at 606.66, 28.6 million shares, below average volume,
VIX up .09 at 13.54
QQQ down 1.45 at 521.81

MMM, MRK, MCK, MSFT led the DJIA, 16 advancers, +0     
BF/B, TSLA, UAL, MRNA, PLTR led the SPX, 187 advancers
TSLA, MRNA, GILD, REGN led the NDX, 34 advancers

Up
Down:  SPY, QQQ, DIA, IWM,

The SPY MFC green line moved up to 97.9 and is short-term bullish. +0.6.

Five of eleven sectors were higher on Thursday, led by XLY, XLP and XLE. 

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


34 of 100 NDX stocks closed higher on Thursday.

63 NDX stocks are above their 30 DMA:  DASH, CSCO, BKNG, FAST, TMUS, ADP, MRVL, TEAM, PANW, TTWO, EA, ISRG, NFLX, BKR, 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, ROP, ROST, AAPL, SMCI, CEG, MSFT, ASML, META, LRCX, CCEP, WDAY, ADSK, AVGO, GOOGL, INTU, NVDA, AEP, KDP,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 2
AEP, KDP,     


Moving Below 30 DMA = 8
ABNB, ARM, CSX, IDXX, KLAC, MU, PAYX, SNPS,



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