Tuesday, December 17, 2024

SPX, NDX Closed Lower...Consumer Discretionary Lead Sectors...TSLA All-time High Leads NDX...FOMC at 2 pm ET...


© 2024


SPX -23.47, 6,050, pulled back to Friday’s close.    The DJI closed lower at 43,449, pulled back for a ninth day (just -3.47% in those nine days), reportedly for the first time since 1978.  The RUT closed lower.

NDX -0.43% pulled back to Monday’s S1 support after a new all-time closing high.

Fed interest rate announcement Wednesday 2 pm and press conference 2:30 pm ET.

TSLA +16.84, +3.64%, made a new all-time closing high.

SMCI +0.36, +1.08%, rallied after Monday’s selloff. 

SMCI will be removed from the NDX 100 before the open on Dec. 23 along with MRNA and ILMNPLTR, AXON and MSTR will be added to the NDX.


Mega caps TLSA, AAPL, MSFT, BRK/B rose, and GOOGL, AMZN, META, NVDA, AVGO fell on Tuesday.


SPY down 2.50 at 604.29, 55.6 million shares, above average volume,
VIX up 1.18 at 15.87,
VIX1D up 4.35 at 13.29, FOMC event risk on Wednesday
QQQ down 2.37 at 535.80

JNJ, KO, NKE, AAPL led the DJIA, 9 advancers, -4              
PFE, FOXA, TSLA, BMY, WYNN led the SPX, 122 advancers
TSLA, PDD, REGN ON led the NDX, 38 advancers

Up
Down:  SPY, QQQ, IWM, DIA,

The SPY MFC green line is pointed up at 91.1 and is short-term bullish. +0.7.

One of eleven sectors was higher on Tuesday, led by XLY, XLV and XLP. 

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 sideways.

3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendSideways


38 of 100 NDX stocks closed higher on Tuesday.

45 NDX stocks are above their 30 DMA:  DASH, BKNG, MRVL, TEAM, PANW, TTWO, ISRG, NFLX, TSLA, CDNS, WBD, AMZN, CRWD, COST, GFS, MAR, CPRT, FTNT, HON, PYPL, DXCM, APP, DDOG, CTSH, LULU, TTD, ORLY, ROST, AAPL, SMCI, MSFT, ASML, META, LRCX, CCEP, WDAY, AVGO, GOOGL, AZN, KDP, GILD, ARM, KLAC, MU, INTU,

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 0



Moving Below 30 DMA = 3
IDXX, ILMN, ZS,



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