SPX All-time Closing High, First Time Above 5,200 after Fed Leaves Rates Unchanged...Consumer Discretionary, Indusutrials, Financial Lead Sectors...After-hours MU Jumps on Positive Earnings Reaction....

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The SPX +46.11, 5224.62, a new all-time closing high, opened flat, traded in a range until the FOMC announcement and rallied to a higher close.

The FOMC left rates unchanged, and stocks rallied during Powell’s press conference.

NVDA 9.74, +1.09%, 903.72, opened lower, traded in a range until the Fed announcement and rallied.  WS firms continued to raise price targets for NVDA.

After-hours: MU +16.22, +16.85% on positive EPS reaction.

SPY up 4.77 at 520.48, on 68.5 million shares, average volume, closed higher on higher volume 

VIX down .78 at 13.04

QQQ up 5.20 at 443.77

Up:  IWM, QQQ, DIA, SPY,

Down: 

Nine of eleven sectors were up on Wednesday, led by XLY, XLI and XLF

The SPY MFC green line turned up at 87.6 and is short-term bullish.

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

Neutral sectors:  XLRE, XLU,

Down trend sectors: 

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

82 of 100 NDX stocks closed higher on Wednesday.

64 NDX stocks are above their 30 DMA:  CTAS, META, SPLK, NVDA, AMZN, DASH, NFLX, ORLY, AMAT, CDW, FAST, KLAC, PCAR, ABNB, CEG, GEHC, QCOM, FANG, AEP, CCEP, EXC, CPRT, MU, CSGP, MNST, BKR, TXN, AZN, DXCM, MCHP, MRNA, GILD, CMCSA, PYPL, LULU, MSFT, GOOGL, ISRG, ANSS, CHTR, CRWD, LRCX, MAR, PDD, PEP, ASML, CDNS, HON, KHC, REGN, ROP, ROST, SNPS, TTD, ADI, ADP, ADSK, COST, CSCO, CSX, NXPI, ODFL, PAYX,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 9

ADI, ADP, ADSK, COST, CSCO, CSX, NXPI, ODFL, PAYX,

Moving Below 30 DMA = 0

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