SPX, NDX Make Higher High after Better-than-Expected CPI Report, Before Closing Slightly Lower...Energy, Utilities, Health Care Lead Sectors...

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SPX -16.57, 6,022, opened higher after a better-than-expected CPI report, made a new 3-month intra-day high, before selling off after news that US State Department was preparing to order all nonessential staff from its Iraq Embassy amidst Middle East security concerns.

The DJI, 42,866 +0.00%, was unchanged.  The NDX -0.37% rose slightly to a new three-month intra-day, making a higher high before pulling back with the broad market, and making a higher low. 

Breadth was weaker on Wednesday.

TSLA +0.34, +0.10%, formed a black candle, a bounce continuation pause in a bull flag.

AVGO +8.28, +3.38%, white candle and bull flag bounce.

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

SPY down 1.72 at 601.36, 73.6 million shares, above average volume

VIX up .31 at 17.26,

QQQ down 1.80 at 532.41

UNH, IBM, GS, MMM led the DJIA, 10 advancers, -3

WBD, SBUX, FTI, GEV, DINO led the SPX, 170 advancers,

WBD, SBUX, AVGO, PLTR led the NDX, 27 advancers,

Up: DIA unchanged

Down: SPY, QQQ, IWM,

The SPY MFC green line is flat at 95.8 and is short-term bullish. -0.7

Four of eleven sectors were higher on Wednesday led by XLE, XLU and XLV

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

Neutral sectors: XLF, XLB, XLP, XLRE,

Down trend sectors: XLE, 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 a little

27 of 100 NDX stocks closed higher on Wednesday.

70 NDX stocks are above their 30 DMA: COST, CRWD, CTAS, MNST, NFLX, ADSK, AXON, BKNG, CDNS, IDXX, TTWO, CEG, INTU, ZS, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DDOG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, SNPS, TTD, PYPL, ADBE, HON, NVDA, VRSK, AMD, CTSH, AMZN, APP, ASML, CSCO, META, MU, ON, CSX, GEHC, TXN, MRVL, WBD, DASH, BIIB, FAST, GOOGL, LIN, AZN, GILD, PANW, SBUX, AMGN, CCEP, BKR, QCOM, GFS, NXPI, CSGP, SNPS, CMCSA, FANG, PCAR, PLTR, MDLZ, TSLA, VRTX, CDNS,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 1

CDNS,  

Moving Below 30 DMA = 10

CDW, CHTR, DXCM, INTC, MSTR, ODFL, ORLY, PAYX, PEP, ROP,

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