Friday, January 24, 2025

SPX New Intraday All-time High, Closed Lower on Light Volume...SPX, NDX Pause as Breadth Weakens from Thursday...Utilities, Communication Services, Consumer Staples Lead Sectors...META, MSFT, TSLA, AAPL Report EPS Next Week...


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SPX -17.47, 6,101, closed above 6,100 for a second day with a new all-time intraday high of 6,128.18

The DJI, 44,424, closed -0.32%, a pause day above Thursday’s S1 level. 

NDX -0.58%, a pullback pause day.

TSLA -5.80, -1.41%, opened slightly higher, reversed and closed slightly lower.

EPS full day reactions: NEE +3.60, +5.20%, TXN -15.09, -7.52%.

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103 SPX companies report next week: Monday BMO: T, Monday AMC: ARE, BRO, NUE, WRB,
Mega Caps: Wed AMC: META, MSFT, TSLA, Thu AMC: AAPL

First day reaction: Q4
Positive: NEE, GE, 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 = 32
Neutral: VZ, ABT, ADM, BAC = 4
Negative: TXN, ISRG, HCA CSX, AXP, FCX, HAL, TXT, UAL, JNJ, KEY, DHI, JBHT, STT, RF, UNH, USB, MTB, PNC, STZ = 20
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Mega caps AVGO, META, GOOGL, BRK/B rose and AMZN, AAPL, MSFT, TSM, TSLA, NVDA fell on Friday. 


SPY down 1.78 at 607.97, 34.6 million shares, below average volume
VIX down .17 at 14.85,
VIX1D down .25 at 9.01,
QQQ down 3.01 at 529.63

WMT, DIS, VZ, KO led the DJIA, 11 advancers, -15                
NEE, WELL, LULU, EL, EPAM led the SPX, 249 advancers,
PDD, LULU, CHTR, AVGO led the NDX, 43 advancers

Up:
Down: IWM, DIA, SPY, QQQ,

The SPY MFC green line is pointed up at 86.4 and is short-term bullish. +8.7.

Six of eleven sectors were higher on Friday, led by XLU, XLC and XLP.

Uptrend sectorsXLK, XLF, XLC, XLI, XLY, 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 a little


43 of 100 NDX stocks closed higher on Friday.

69 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, PDD, PYPL, SNPS, ADP, AZN, LIN, SBUX, ADI, AMZN, APP, CDNS, CSGP, CTAS, DASH, FAST, INTC, NVDA, NXPI, ODFL, CRWD, CSX, FTNT, GILD, IDXX, ORLY, ROP, VRSK, VRTX, ZS, ADSK, CTSH, MDB, MSFT, NFLX, PANW, PLTR, TEAM, AXON, CHTR, LULU, MAR, CCEP, TTWO,

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 2 
CCEP, TTWO,


Moving Below 30 DMA = 5
ABNB, HON, MCHP, MSTR, TXN,



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