SPX Gaps Up, Closes Flat on Profit Taking...Debt Ceiling Agreement...Consumer Discretionary, Technology, Real Estate Lead Sectors...

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-SPX +0.07, gapped up higher, profit taking pullback and closed flat.

-Debt ceiling deal tentatively agreed upon, Congress must now pass.

-VIX unchanged

-New high close: NVDA, AAPL, AMZN, META, NFLX, SNPS, CDNS & more

- EPS Wednesday AMC CRM, CRWD, Thursday AVGO AMC.

 

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

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

SPY up .16 at 420.18, on 72.2 million shares, below average volume, up on slightly lower volume.

VIX unchanged at 17.46.

QQQ up 1.58 at 349.98

INTC, CRM, AAPL, AMGN led the DJIA, 12 advancers, -10

PARA, ENPH, F, PWR led the SPX, 205 advancers

QCOM, SNPS, TSLA NFLX led the NDX, 47 advancers.

The two-year trend term is sideways.  The one-year trend is sideways.

Up:  QQQ, SPY,  

Down:  DIA, IWM,

Four of eleven sectors were higher on Tuesday, led by XLY, XLK and XLRE.

The SPY MFC green line turned down at 70.2 and is defensive.  SPY opened higher and closed flat.

Uptrend sectors:   XLK, XLC, XLY,

Neutral sectors:  XLV, XLP, XLB, XLI, XLU, XLRE,

Down trend sectors: XLE, XLF,

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 Trend: Up

47 of 100 NDX stocks closed higher on Tuesday.

52 NDX stock are above their 30 DMA:  AAPL, AMZN, CPRT, ISRG, MNST, CSGP, MSFT, NVDA, LRCX, META, VRSK, CTSH, DDOG, GOOG, GOOGL, AMD, CRWD, FTNT, ZS, NFLX, AMAT, ASML, KLAC, OKTA, AVGO, MRVL, MU, SNPS, RIVN, TSLA, WDAY, CSCO, ADBE, LCID, TEAM, CTAS, PANW, CDNS, FAST, NXPI, TXN, ZM, ANSS, COST, EA, GFS, MCHP, PDD, ATVI, INTC, ODFL, QCOM,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 4

ATVI, INTC, ODFL, QCOM,

Moving Below 30 DMA = 3

ADSK, MELI, PAYX,

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