Thursday, January 23, 2025

SPX First-time Close Above 6,100, New All-time High...Health Care, Industrials, Real Estate Lead All Sectors Higher...GE. UNP Positive Earnings Reactions...


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SPX +32.34, 6,118, closed above 6,100 for the first time with a new all-time intraday and closing high of 6,118.73

The DJI, 44,565, closed +0.92% nearing its all-time high. 

NDX +0.22%, opened lower, reversed and closed higher.

TSLA -2.73, -0.66%, opened slightly higher, also traded inside of Tuesday’s range and closed slightly lower from Wednesday.

EPS full day reactions: GE +12.44, +6.60%, UNP +12.25, +5.20%.

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40 SPX companies report this week: Friday BMO: AXP, HCA, NEE, VZ

First day reaction: Q4
PositiveGE, UNP, ELV, MKC, NTRS, NFLX, APH, STX, TDY, TEL, COF, GEV, PG, PLD, SCHW, MMM, FITB, SLB, TFC, FAST, CFG, HBAN, MS, BK, WFC, C, GS, BLK, JPM, WBA, DAL = 31
Neutral:  STLD, ABT, ADM, BAC = 4
Negative:  FCX, HAL, TXT, UAL, JNJ, KEY, DHI, JBHT, STT, RF, UNH, USB, MTB, PNC, STZ = 15
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Mega caps META, TSM, AMZN, MSFT, NVDA rose and AAPL, BRK/B, GOOGL, AVGO, TSLA fell on Thursday. 


SPY up 3.31 at 609.75, 41.0 million shares, below average volume
VIX down .08 at 15.02,
VIX1D down .32 at 9.26,
QQQ up 1.13 at 532.64

CAT, BA, DIS, UNH led the DJIA, 26 advancers, +13             
MRNA, GE, ENPH, UNP led the SPX, 324 advancers,
BKNG, CEG, NFLX, DASH led the NDX, 53 advancers

Up:  DIA, SPY, IWM, QQQ,
Down: 

The SPY MFC green line is pointed up at 77.7 and is short-term bullish. +9.7.

All eleven sectors were higher on Thursday, led by XLV, XLI and XLRE.

Uptrend sectors:   XLF, XLY, XLC, XLI, XLK, XLU,
Neutral sectors:  XLE, XLRE, XLB,
Down trend sectors: XLP, XLV,

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


53 of 100 NDX stocks closed higher on Thursday.

72 NDX stocks are above their 30 DMA:  MRVL, AVGO, GOOGL CEG, ASML, BKR, FANG, KLAC, AMAT, CDW, GEHC, ISRG, AEP, DXCM, ARM, CSCO, EXC, MU, PAYX, PCAR, QCOM, AMGN, ANSS, LRCX, MELI, META, MSTR, PDD, PYPL, SNPS, ADP, AZN, LIN, SBUX, ADI, AMZN, APP, CDNS, CSGP, CTAS, DASH, FAST, INTC, NVDA, NXPI, ODFL, TXN, CRWD, CSX, FTNT, GILD, IDXX, MCHP, ORLY, ROP, VRSK, VRTX, ZS, ADSK, CTSH, MDB, MSFT, NFLX, PANW, PLTR, TEAM, ABNB, AXON, CHTR, HON, LULU, MAR,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 6 
ABNB, AXON, CHTR, HON, LULU, MAR,    


Moving Below 30 DMA = 2
CCEP, TTWO,



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