DJI, NDX, SPX Close Higher after Fed Lowers Rates, Indexes Rise During Press Conference...

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SPX +46.17, 6,886, traded in a range until the Fed lowered rates and the SPX moved higher during the press conference.  The SPX closed 0.49% below its all-time high on October 29.  Breadth strengthened as advancers led decliners on both exchanges, advancing capital led declining capital in the NDX and SPX, while VIX moved lower. 

NDX +0.71%, continued its channel bounce on Wednesday. 

DJI, 48,057, +1.05%, closed higher.   

71 of 100 NDX stocks closed higher on Wednesday.

61 NDX stocks are above their 30 DMA: WBD, MRVL, AAPL, GOOGL, ROST, CSCO, BIIB, CTSH, AZN, FANG, MNST, GEHC, PCAR, VRTX, ADI, AMAT, AVGO, EA, GFS, LULU, ADSK, ASML, KDP, LRCX, MRVL, ON, TXN, APP, DXCM, INTC, ODFL, SNPS, BKNG, FTNT, KLAC, MDB, NXPI, ADP, CDNS, CSX, DASH, MCHP, QCOM, TEAM, TSLA, INTU, META, TTWO, ABNB, ADBE, MU, PLTR, CEG, CHTR, CMCSA, CTAS, FAST, PAYX, PEP, REGN,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 8

CEG, CHTR, CMCSA, CTAS, FAST, PAYX, PEP, REGN,  

Moving Below 30 DMA = 0

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RUT, NDX Closed Higher on a Light Volume Trading Range Day while SPX, DJI Closed Slightly Lower...Energy, Consumer Staples, Technology Led Sectors...AVGO, COST Report EPS Thursday AMC...

 

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SPX -6.00, 6,840, traded in a daily range with a slightly lower close just below short-term resistance on below average volume, just 1.20% below its all-time high on October 29.  Breadth strengthened as advancers led decliners on both exchanges, advancing capital led declining capital in the NDX and SPX, while VIX moved slightly higher. 

NDX +0.16%, continued its channel bounce on Tuesday.  

DJI, 47,560, -0.38%, closed lower, led by JPM, AMGN and SHW.

NVDA -0.58, -0.31%, continues to trade below the 50% level of its 6-week channel.

AVGO +5.19, +1.29%, made a new all-time closing high.

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

SPY down -0.59 at 683.04, 57.8 million shares, below average volume.

VIX up +.27 at 16.93,

QQQ up +.77 at 625.05

WMT, GS, PG, CSCO led DJIA, 11 advancers, +1

NEM, APP, APO, KKR led SPX, 215 advancers,

APP, WBD, ABNB MSTR led NDX, 49 advancers.

Up: IWM, QQQ,

Down: SPY, DIA,

The SPY MFC green line continues to move up at 85.6, and price-action is short-term bullish. +0.7 

Five of eleven sectors were higher on Tuesday led by XLE, XLP and XLK. 

Uptrend sectors: XLV, XLK, XLU, XLE, XLC, XLY, XLI,

Neutral sectors: XLF, XLRE, XLB,

Down trend sectors: XLP,

The 6-month intermediate trend breakout is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

49 of 100 NDX stocks closed higher on Tuesday.

53 NDX stocks are above their 30 DMA: WBD, MRVL, AAPL, GOOGL, ROST, CSCO, BIIB, CTSH, AZN, FANG, MNST, GEHC, PCAR, VRTX, ADI, AMAT, AVGO, EA, GFS, LULU, ADSK, ASML, KDP, LRCX, MRVL, ON, TXN, APP, DXCM, INTC, ODFL, SNPS, BKNG, FTNT, KLAC, MDB, NXPI, ADP, CDNS, CSX, DASH, MCHP, QCOM, TEAM, TSLA, INTU, META, TTWO, ABNB, ADBE, MU, PLTR,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

CDW,   

Moving Below 30 DMA = 6

FAST, IDXX, ISRG, MAR, ORLY, REGN,

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NDX, SPX, DJI Closed Lower, RUT Closed Higher as VIX Rose...NVDA Gained on News US would all H200 Chip Sales to China...Technology Led Sectors...

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SPX -23.89, 6,846, slightly lower close just below short-term resistance, closed just 1.07% below its all-time high on October 29.  Breadth weakened as decliners rose, declining capital was greater than advancing capital and VIX moved higher. 

NDX -0.25%, continued its channel bounce on Monday.  

DJI, 47,739, -0.45%, closed lower, led by AMGN, AXP and CAT.

NVDA +3.14, +1.72%, channel bounce, its highest close in 11-days.  The U.S. indicated they would allow Nvidia H200 chip sales to China, the stock rose +3.80 to 189.35 AMC.

AVGO +10.86, +2.78%, bounce continuation at ST resistance, B-pattern setup.

Mega caps AVGO, TSM, NVDA, MSFT rose and AAPL, META, AMZN, LLY, BRK/B, GOOGL, TSLA fell on Monday. 

SPY down -2.06 at 683.63, 55.1 million shares, below average volume.

VIX up +1.25 at 16.66,

QQQ down -1.20 at 624.28

CRM, GS, V, VZ led DJIA, 10 advancers, -3

ULTA, MRNA, SNDK, WBD led SPX, 155 advancers,

WBD, ADBE, MU, GFS led NDX, 36 advancers.

Up: IWM,

Down: QQQ, SPY, DIA,

The SPY MFC green line continues to point up at 84.9, and price-action is short-term bullish. +1.8  

One of eleven sectors was higher on Monday led by XLK, XLI and XLF. 

Uptrend sectors: XLV, XLK, XLU, XLE, XLC, XLY, XLI,

Neutral sectors: XLF, XLRE, XLB,

Down trend sectors: XLP,

The 6-month intermediate trend breakout is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

36 of 100 NDX stocks closed higher on Monday.

58 NDX stocks are above their 30 DMA: WBD, MRVL, AAPL, GOOGL, ROST, CSCO, ISRG, BIIB, CTSH, REGN, IDXX, MAR, AZN, FANG, MNST, ORLY, GEHC, PCAR, VRTX, ADI, AMAT, AVGO, EA, GFS, LULU, ADSK, ASML, KDP, LRCX, MRVL, ON, TXN, APP, DXCM, INTC, ODFL, SNPS, BKNG, FTNT, KLAC, MDB, NXPI, ADP, CDNS, CSX, DASH, FAST, MCHP, QCOM, TEAM, TSLA, INTU, META, TTWO, ABNB, ADBE, MU, PLTR,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 6

AMGN, BKR, CCEP, CTAS, SBUX, VRSK,

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