Wednesday, December 4, 2024

SPX, NDX, DJI New Closing High...DJI Frist-time Close Above 45,000...Technology, Consumer Discretionary, Industrials Lead Sectors...CRM Leads SPX...MRVL Leads NDX...


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SPX +36.61, 6,086, thrusts to a new all-time closing high.    The DJI closes at 45,014, the first ever closing high above 45,000.  The RUT closed higher forms a bullish harami candle in a bull flag pattern.

NDX +1.24% all-time closing high following Tuesday’s horizontal resistance break out.

SMCI +1.60, +3.98%, after a profit taking day on Tuesday, uptrend resumed following positive findings from special committee reported on Monday.

CRM +36.44, +10.99%, positive reaction after an EPS miss, Sales beat, raised FY25 guidance and made AI transformation comments.  MRVL +22.24, +2319%, after EPS beat, Sales beat, raised guidance and comments on custom AI silicon programs in volume production.


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


SPY up 3.75 at 607.66, 42.6 million shares, average volume,
VIX up .15 at 13.45
QQQ up 6.39 at 523.26

CRM, NVDA, AMZN, BA, IBM led the DJIA, 16 advancers, +3         
CRM, NOW, EW, GDDY, PYPL, CMG led the SPX, 233 advancers
MRVL, TEAM, DDOG, MDB led the NDX, 66 advancers

Up:  QQQ, DIA, SPY, IWM,
Down:   

The SPY MFC green line moved up to 97.3 and is short-term bullish. +0.3.

Four of eleven sectors were higher on Wednesday, led by XLK, XLY and XLI. 

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


66 of 100 NDX stocks closed higher on Wednesday.

69 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, SNPS, CSGP, CTSH, LULU, TTD, CSX, DLTR, GILD, ORLY, PAYX, ROP, ROST, AAPL, ABNB, SMCI, CEG, ASML, META, IDXX, KLAC, LRCX, CCEP, WDAY, ADSK, ARM, AVGO, GOOGL, INTU, MU, NVDA,


NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 7
ADSK, ARM, AVGO, GOOGL, INTU, MU, NVDA,    


Moving Below 30 DMA = 4
ADI, AMAT, MNST, ODFL,



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