Tuesday, December 3, 2024

SPX, NDX Make All-time Closing Highs...Communication Services, Technology Lead Sectors...META Leads NDX...AMZN, AAPL Lead DJIA...After-hours CRM Gaps Up...


© 2024


SPX +2.73, 6,049, inches to a new all-time closing high.    The DJI closes at 44,705, a modest pullback for a second day.  The RUT lower in a bull flag pattern.

NDX +0.31% all-time closing high and horizontal resistance break out.

SMCI -1.79, -4.26%, gaped 5%+ after additional positive findings from special committee are released before selling pressure likely from profit takers pushed the stock back.

After-hours:  CRM +31.17, +9.41%, positive reaction after an EPS miss, Sales beat, raised FY25 guidance and made AI transformation comments.


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


SPY up 1.08 at 603.91, 26.8 million shares, below average volume,
VIX down .04 at 13.30
QQQ up 1.58 at 516.87

AMZN, AAPL, MRK, NVDA led the DJIA, 13 advancers, +1 
PLTR, AXON, T, SYY led the SPX, 150 advancers
META, TTD, WDAY, CCEP led the NDX, 42 advancers

Up:  QQQ, SPY,
Down:  DIA, IWM,

The SPY MFC green line moved up to 97.0 and is short-term bullish. +1.8.

Two of eleven sectors were higher on Tuesday, led by XLC, XLK 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


42 of 100 NDX stocks closed higher on Tuesday.

66 NDX stocks are above their 30 DMA:  DASH, CSCO, BKNG, FAST, TMUS, ADP, MRVL, TEAM, PANW, TTWO, EA, ISRG, NFLX, BKR, TSLA, ODFL, CDNS, CHTR, VRSK, WBD, XEL, AMZN, ANSS, CRWD, INTU, ZS, PCAR, COST, CTAS, GFS, MAR, MDB, CPRT, FTNT, HON, PYPL, DXCM, SBUX, ADBE, DDOG, MNST, SNPS, CSGP, CTSH, LULU, TTD, CSX, DLTR, GILD, ORLY, PAYX, ROP, ROST, AAPL, ABNB, SMCI, CEG, MSFT, ASML, META, ADI, AMAT, IDXX, KLAC, LRCX, CCEP, WDAY, 

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 2
CCEP, WDAY,    


Moving Below 30 DMA = 6
AEP, CMCSA, ILMN, INTC, NXPI, ON,



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1 comment:

Atit Lan said...

After hours activities are always fun. With 24X starting in 2025 there will be more fun to come.