NDX All-time Closing High...SPX Unchanged...Technology, Health Care Led Sectors as Breadth Weakened...

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SPX -0.02, 6,092, opened higher traded in a choppy range and ended essentially unchanged as Powell continued his semi-annual testimony before Congress for a second day. 

The DJI, 42,982 -0.25%, closed below short-term resistance.  The NDX +0.21% closed broke out of its February high to a new all-time closing high. 

Breadth weakened on Wednesday.

TSLA -12.92, -3.79%, pulled back for a second day, closed near Monday’s open.

AVGO +0.88, +0.33%, a horizontal breakout setup.

Mega caps NVDA, GOOGL, TSM, AAPL, MSFT, AVGO rose and AMZN, META, BRK/B, TSLA fell on Wednesday. 

SPY up .34 at 607.12, 61.8 million shares, below average volume

VIX down .72 at 16.76,

QQQ up 1.38 at 541.16

NVDA, GS, AMGN, JPM led DJIA, 11 advancers, -13

SMCI, NTRS, NVDA, TECH, AMD, YUM led SPX, 135 advancers,

NVDA, AMD, MSTR, GOOGL, CRWD led NDX, 33 advancers,

Up: QQQ, SPY,

Down: DIA, IWM,

The SPY MFC green line turned up at 88.8 and is short-term bullish. +2.1

Two of eleven sectors were higher on Wednesday led by XLK, XLV and XLC.

Uptrend sectors: XLK, XLC, XLI, XLY, XLB, XLU,

Neutral sectors: XLRE, XLF, XLP, XLE,

Down trend sectors: XLV,

The 6-month intermediate trend is sideways.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

33 of 100 NDX stocks closed higher on Wednesday.

58 NDX stocks are above their 30 DMA: COST, CRWD, NFLX, AXON, CDNS, IDXX, TTWO, CEG, INTU, ZS, ABNB, ADI, AMAT, ARM, AVGO, DDOG, KLAC, LRCX, MCHP, MDB, MSFT, SNPS, NVDA, AMD, AMZN, ASML, CSCO, META, MU, ON, CSX, TXN, MRVL, WBD, DASH, PANW, SBUX, CCEP, QCOM, NXPI, CSGP, PLTR, EA, ADSK, MDLZ, FTNT, GFS, PYPL, VRTX, BKNG, CMCSA, DXCM, GEHC, MELI, MAR, PCAR, PDD,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 3

ANSS, GOOGL, MSTR,   

Moving Below 30 DMA = 12

AEP, BKR, CHTR, CTAS, FAST, HON, KDP, LIN, MNST, PEP, ROP, TSLA,

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