SPX Closes Lower as Financial Continued to Fall...GOOGL, MSFT, NVDA Rise...FOMC Interest Rate Announcement Wed. March 22...

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-SPX -43.64, opened lower, closed lower as the financial sector led to downside.

-FRC -11.24, -32.80% and KRE -2.77, -5.99% as regional bank stocks pulled back.

-VIX closed 2.52 higher.

-Consumer Sentiment 63.4 vs 670 est.

-FDX +16.26, +7.97% on positive EPS reaction.

-FOMC announcement Wednesday 2 pm ET, expected 25 bps hike.

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

Mega caps GOOGL, MSFT, NVDA rose and AAPL, AMZN, TSLA, META fell.

SPY down 4.61 at 389.99, ex-dividend 1.51, on 140.5 million shares, above average volume, down on similar volume.

VIX up 2.52 at 25.51

QQQ down 1.45 at 305.36, breakout test.

MSFT, WMT, HD, VZ led the DJIA, 6 advancers, -16

FDX, NEM, TFX, AKAM led the SPX, 43 advancers

EBAY, ADBE, GOOGL, AMD led the NDX, 17 advancers.

The two-year trend term is sideways.  The one-year trend down a little.

Up:

Down:  QQQ, DIA, SPY, IWM,

All eleven sectors were lower on Friday, the weakest were XLI, XLRE and XLF.

The SPY MFC green line turned up at 26.1 and is short-term bullish.  SPY opened lower, and closed lower on a BO test after hitting its MACD divergence price target.

Uptrend sectors:   XLK, XLC, XLI, XLB,

Neutral sectors:  XLY, XLF, XLE, XLP, XLV, XLRE,

Down trend sectors: XLU,

The 6-month intermediate trend is up a little.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Up a little

3-day Short Term Market Trend: Sideways

17 of 100 NDX stocks closed higher on Friday.

45 NDX stock are above their 30 DMA:   META, SGEN, ANSS, CDNS, NVDA, PANW, FTNT, CRWD, AVGO, AMD, ATVI, OKTA, ODFL, VRSK, AAPL, EXC, ILMN, AMAT, CSCO, DXCM, INTC, MDLZ, MELI, MSFT, SNPS, AEP, GOOG, GOOGL, PEP, XEL, ADBE, ADI, AMZN, CPRT, EA, GFS, INTU, ISRG, KLAC, LRCX, MNST, PDD, TXN, VRTX, WDAY,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 2

ALGN, KDP,

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