SPX Close Above the HOLD, Bull Flag Bounce...Consumer Discretionary, Technology, Communication Services Lead Sectors Higher...

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-SPX +49.59, opened and closed higher on Tuesday after economic reports.

-Durable Goods, Consumer Confidence and New Home Sales above expectations

-Mega caps TSLA, META NVDA, MSFT, APPL rallied on Tuesday

-SPX bounced above the high of the low day in a six-day bull flag pullback,

-VIX down .51.

-Breadth was stronger on Tuesday. 

-TSLA +9.16, +3.80%, rallies after Monday’s drop.

-Regional banks continue to fall: KRE +.68, +1.70%, ZION +.22, +0.81%.

-Powell speaks on a panel at ECB Forum on Wednesday 9:30 am ET.

-Powell speaks at Conference on Financial Stability in Spain on Thursday 

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

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

SPY up 4.73 at 436.17, on 72.8 million shares, below average volume, up on similar volume.

VIX down .51 at 13.74

QQQ up 6.15 at 363.83,

INTC, HD, BA, MSFT led the DJIA, 23 advancers, +7

CCL, GNRC, NWL, DAL led the SPX, 412 advancers

LCID, ODFL, CHTR, GFS led the NDX, 84 advancers.

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

Up:  QQQ, IWM, SPY, DIA,

Down:

Ten of eleven sectors were higher on Tuesday, led by XLY, XLK and XLC.

The SPY MFC green line is pointed down at 73 and is defensive.  SPY opened and closed higher as mega-caps and the broad market rallied after being in a six-day bull flag pullback.

Uptrend sectors:   XLK, XLC, XLY, XLI, XLF, XLB, XLRE, XLV, XLP,

Neutral sectors:  XLU, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

84 of 100 NDX stocks closed higher on Tuesday.

73 NDX stock are above their 30 DMA:  AAPL, AMZN, CPRT, ISRG, CSGP, MSFT, NVDA, CEG, LRCX, META, VRSK, FTNT, ZS, NFLX, AMAT, KLAC, AVGO, MRVL, TSLA, WDAY, CSCO, ADBE, CTAS, PANW, NXPI, COST, PDD, ATVI, INTC, QCOM, BKR, CSX, DXCM, MCHP, ABNB, HON, PCAR, ALGN, SIRI, ADI, FAST, INTU, SGEN, LULU, ROST, VRTX, ODFL, IDXX, PYPL, ON, ORLY, DLTR, ADP, CHTR, CMCSA, EA, EXC, GFS, PAYX, ADSK, ANSS, ASML, BKNG, CDNS, CTSH, DDOG, EBAY, MAR, PDD, PEP, TMUS, TXN, ZM,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 14

ADSK, ANSS, ASML, BKNG, CDNS, CTSH, DDOG, EBAY, MAR, PDD, PEP, TMUS, TXN, ZM,

Moving Below 30 DMA = 3

AMGN, REGN, WBA,

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