©
2025
Markets
are closed on Thursday for Juneteenth Holiday and will reopen on Friday.
SPX -1.85, 5,981, opened
slightly higher, traded higher during the first hour of trading, pulled back before
the Fed announced rates were unchanged at 2 pm ET, traded in a volatile range
during the FOMC press conference and closed near unchanged.
The DJI, 42,171 -0.10%, closed
slightly lower. The NDX +0.00% traded
in a range and was up less than one point.
Breadth strengthened on Wednesday.
TSLA +5.70, +1.80%, traded
in a range for a seventh day.
AVGO +1.89,
+0.76%, another bull flag
bounce pause day.
Mega caps TSLA, NVDA, AVGO, AAPL, MSFT, BRK/B rose and TSM, META, AMZN, GOOGL fell on Wednesday.
SPY down 0.09 at 597.44, 76.5 million
shares, above average volume
VIX down 1.46 at 20.14,
QQQ down 0.09 at 528.99
GS, JPM, MRK, AXP led DJIA, 15 advancers, +11
JBL, VLO, CRWD, LMT led SPX, 236 advancers,
MRVL, DDOG, INTC, TSLA led NDX, 36 advancers,
Up: IWM,
Down: SPY, QQQ, DIA,
The SPY
MFC green line is flat at 89.1 and is counter-trend defensive. -1.9
Five
of eleven
sectors were higher on Wednesday led by XLU, XLRE and XLK.
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 sideways.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
36 of 100 NDX stocks closed higher on Wednesday.
50 NDX stocks are above their 30
DMA: COST, CRWD, MNST, 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, FAST, GOOGL, GILD, PANW, SBUX, AMGN, CCEP, BKR, QCOM,
NXPI, CSGP, FANG, PLTR, EA, GEHC, VRTX,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 2
GEHC, VRTX,
Moving Below 30 DMA = 2
ADSK,
AZN,
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