HP Inc.
Thu, August 29, 2024 | 11:48AM ET
^SPX-1.58% looks to be kicking off its push back to new highs with about 10 more trading hours left in the month of August. As you can see, the short-term hourly trend connecting former minor peaks since this past Monday has been exceeded. this should drive price up to 5682, then 5700. Breadth is a bit better than 2/1 bullish and volume also 2/1 positive. 9 of 11 sectors are positive and the only down sectors are defensive- REITS and Staples. While Energy, Industrials, Discretionary, Healthcare and Tech are all up more than +0.75%. Despite NVDA being down fractionally (At 6% of SPX), SPX is still managing to push higher by +0.68%, led by BBY-1.09% COO-1.71% CRWD-2.75% WST-1.54% HPQ-0.75% GEV0.10% PANW0.34% QRVO-1.90% and INTC-3.67% all higher by more than 4% today
