©
2024
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 Trend: Up
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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