SPX Opens Higher, Closes Higher in Broad Rally...BIIB, NFLX Lead NDX...Energy, Communication Services, Discretionary Lead All Sectors Higher...

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The SPX +71.75 opened higher and closed higher after a six-day selloff back to its June low support area.  SPY, QQQ and IWM each closed above the high of the low day.  Nine NDX stocks crossed above their 30-dma while he MFC green line and the SPX 3-day trend turned up.

/CL, GLD and TLT closed higher, while DXY and TNX moved lower.

SPY up 7.15 at 370.53, on 110.8 million shares, above average volume, up on higher volume.

VIX down 2.42 at 30.18

QQQ up 5.46 at 279.94

HD, BA, DIS, CVX led the DJIA, 28 advancers, +18

MPC, VLO, LLY, DINO led the SPX, 486 advancers

BIIB, NFLX, ILMN, MELI led the NDX 94 advancers

The two-year trend term is up.  The one-year trend down.

Up:  IWM, QQQ, SPY, DIA,

Down:

All eleven sectors were higher on Wednesday, led by of XLE, XLC and XLY.

Energy leaders:  MPC, VLO, DINO, HES

Communication Services leaders:  NFLX, GCI, META, DISH

Consumer Discretionary leaders:  CCL, KMX, DHI, ETSY

Advancers strengthened on Wednesday as advancers led 2,850 to 438 on the NYSE and advancers led 3,785 to 973 on the NASDAQ.

The SPY MFC green line turned up at 5.4 and is short-term bullish.  SPY opened higher and closed higher.

Uptrend sectors:   XLY,

Neutral sectors:   XLU, XLE,

Down trend sectors:  XLF, XLI, XLK, XLP, XLV, XLB, XLRE, XLC,

The 6-month intermediate trend is down.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up a little

94 of 100 NDX stocks closed higher on Wednesday

9 NDX stock are above their 30 DMA:   REGN, BIIB, MNST, NFLX, ORLY, PDD, SBUX, VRTX, ZS,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 8

BIIB, MNST, NFLX, ORLY, PDD, SBUX, VRTX, ZS,

Moving Below 30 DMA = 0

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