SPX, NDX, DJI Open Higher, Close Lower...Staples, Utilities Lead Sectors...

 
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SPX, DJI, NDX and RUT opened higher and closed lower on Wednesday after a last hour sell-off prior to President Biden’s first press conference since November.
 
SPX closed at 4,532 -44.35.
NDX closed at 15,047, -162.92.
 
 
Earnings season Wednesday EPS reports from BAC, PLD, USB, MS, CMA, STT, PG, FAST, CFG, UNH BMO and DFS, KMI, UAL AMC.
Q4 Earnings Reports:
Positive reactions: PG, MS, WFC,
Neutral reactions: BAC, UNH, JBHT, PLD, FAST, TFC
Negative reactions: USB, STT, CFG, CMA, BK, GS, PNC, SBNY, SCHW, TFC, C, BLK, FRC, JPM
 
 
SPY down 4.74 at 451.75, on 109.3 million shares, above average volume, down on similar volume.   
VIX up 1.06 at 23.85
QQQ down 4.07, -1.10% at 366.48
 
PG, WMT, UNH, MSFT led the DJIA, 9 advancers,
TTWO, NEM, CTXS, GCI led the SPX, 117 advancers.
PTON, PDD, PANW, EA led the NDX, 36 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: 
Down:  DIA, SPY, QQQ, IWM,
 
Two of eleven sectors were higher on Wednesday, led by XLP, XLU and XLC.
 
Consumer Staples leaders: PG, KMB, CL, WMT
Utilities leaders: NEE, PNW, EXC, D  
Communication Services leaders: TTWO, GCI, EA, NFLX
 
Advancers strengthened on Wednesday as decliners led 2,321 to 1,064 on the NYSE and led 3,178 to 1,540 on the NASDAQ.
 
The SPY MFC green line is pointed down at 39.7 and is short-term bearish.  SPY closed below last week’s support low. 
 
 
Uptrend sectors:  XLE, XLF, XLP, XLU, XLI, XLB, XLRE, XLV, XLK,
Neutral sectors: XLY,
Down trend sectors: XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
 
36 of 100 NDX stocks closed higher on Wednesday.
 
28 NDX stocks are above their 30 DMA:  VRTX, XEL, PEP, AEP, AMGN, WBA, CERN, MDLZ, INCY, KDP, CHKP, ATVI, BKNG, EXC, FISV, INTC, KHC, PCAR, CMCSA, HON, BIDU, SPLK, EA, ILMN, NTES, JD, PDD, LCID,

 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
LCID,
 
Moving Below 30 DMA = 2
CTSH, MU,
 
 
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