SPX Opens Lower, Closes Lower in Choppy Trading...Energy Leads Sectors...FOMC Announcement Wednesday...

© 2022

The SPX -29.08 opened lower, traded in a choppy range and closed lower.  DIA, SPY and QQQ closed lower, while IWM closed higher.  Just seven negative earnings reactions today.

DXY and TNX closed higher, while GLD, /CL and TLT moved lower.

Tuesday: ISM Manufacturing Index 10 am ET

Wednesday:  FOMC announcement 2 pm ET

Friday:  Jobs Report 8:30 am ET

168 SPX companies report EPS next week:

Monday: GPN, HWM, L, ON PCG, PEG, XRAY, AFL, ANET, AWK, CINF, HOLX, NXPI, SBAC, SYK, VNO, WMB

Tuesday: ABMD, AME, BEN, CNP, CTLT, ECL, ETN, FOXA, HSIC, IDXX, INCY, IT, LDOS, LLY, MPC, NEM, PFE, PSX, SEE, SPG, SYY, TAP, TECH, WAB, WAT, WEC, XYL, ZBRA, AIG, AIZ, AMCR, AMD, CLX, CZR, DVN, EA EIS, EXR, FMC, MCK MDLZ, MTCH, OKE PAYC, PEAK, PRU, PSA, VRSK

Wednesday: BR, CDW, CHRW, CRL, CVS, DISH, EL, ETR, GNRC, HUM, MLM, PARA, ROK, TEL, TRMB, TT, VMC, YUM, ZBH, ALB, ALL, ANSS, APA, BKNG, CDAY, CTSH, EBAY, EQIX, ES, ETSY, FLT, FTNT, HST, IR, LNC, LUMN, MET, MGM, MRO, O, PTC, QCOM, QRVO

Thursday: ABC, APD, APTV, BALL, CI, CMI, COP EPAM, EXC, FIS, GCI, HII, ICE, IRM, JCI, K, MAR, MRNA, PH, PNW, PWR, RCL, REGN, SRE, TRGP, ZTS, AEE, AES, AMGN, AVB, CE, CTRA, CTVA, ED, EOG, EXPE, FRT, ILMN, LYV, MCHP, MNST, MSI, MTC, NWSA, PYPL, REG, SBUX, SWKS, VTR, WBD

Friday: CAH, CBOE, D, DUK, EVRG, HSY, PPL

Saturday: BRK/B

First day reaction: Q3 through Oct 31…

Positive:

DXCM, GILD, INTC, VRSN, VRTX, AAPL, PFG, TMUS, GWW, AJG, COF, NEE, VICI, CHTR, XOM, HIG, AON, CL, CVX,  NOW, CAT, RE, RJF, ALLE, ORLY, MCD, HON, LKQ, LUV, SPGI, TXT, CARR, TFX, MAA, CMCSA, F, MRK, CMS, XEL, FBHS, UHS, ROL, ENPH, CSGP, AMP, HES, V, TDY, IEX, TER, NSC, JNPR, ROP, BMY IQV, CB, BSX, CNC, MSCI, NVR, SYF, ARE, MCO, DFS, PHM, GM, SHW, PNR, ZION, KMB, ITW, KO, ADM, HAL, SLB, HBAN, CSX, LRCX, T, DGX, LVS, IBM, FCX, NUE, NFLX, ISRG, BKR, UAL, TRV, ELV, LMT, SBNY, GS, BAC, BK, USB, WFC, JPM, DAL, DPZ, FAST, PGR, WBA, BLK, PEP = 105 SHOP, PINS, FSLR,

Neutral:

XRAY, EMN, WY, CPRT, SWN, CHD, KIM, BWA, AMT, NOC, WTW, KLAC, URI, TWTR, EQT, DTE, MA, AOS, AEP, DLR, LIN, UDR, IP, SO, APH, ODFL, GRMN, GD, KHC, HLT, OTIS, MMM, IVZ, PKG, PCAR, UPS, BIIB, GE, IPG, WHR, DOW, NVR, GPC, PG, JBHT, CFG, STT, JNJ, C, UNH = 50

Negative:

ON, GPN, PEG, PCG, HWM, L, DVA, EW, BIO, AMZN, RMD, LYB, NWL, ABBV, PXD, LHX, MHK, RSG, META, ALGN, WST, INVH, BAX, LH, MOH, FTI, SWK, CBRE, ESS, FISV, TYL, VFC, WDC, TROW, GL, MO, KDP, BRO, GOOG, GOOGL, BA, STX, AVY, MSFT, FFIV, CMG, MAS, EQR, BXP, FE, WM, TXN, TMO, CME, FTV, ADP, CDNS, WRB, VLO, GLW, RTX, SIVB, RHI, HCA, VZ, AXP RF, UNP, TSLA, FITB, EFX, DHR, PPG, SNA, KMI, POOL, ALK, KEY, AL, TSCO, CCI, DOV, PM, MMC, MTB, NTRS, CMA, ABT, PLD, MTKX, NDAQ, OMC, TFC, HAS, FRC, SCHW, MS, PNC = 97 SNAP, WOLF

SPY down 2.81 at 386.21, on 96.6 million shares, average volume, down on lower volume.

VIX up .13 at 25.88, volatility continues elevated.

QQQ down 3.27 at 277.95

TRV, GS, UNH, DIS led the DJIA, 6 advancers, -23

WYNN, EQT, SWN, FTI led the SPX, 152 advancers

PDD, ALGN, MELI, ODFL led the NDX 23 advancers

The two-year trend term is up.  The one-year trend down.

Up:  IWM,

Down:  DIA, SPY, QQQ,

One of eleven sectors was higher on Monday, led by XLE, XLV and XLRE as sector momentum was up strong.

Energy leaders:  EQT, SWN, FTI, CTRA

Advancers weakened on Monday as decliners led 1,707 to 1,499 on the NYSE and led 2,587 to 2,056 on the NASDAQ.

The SPY MFC green line is pointed up at 78.9 and is short-term bullish.  SPY opened lower and closed lower.

Uptrend sectors:  XLE,

Neutral sectors:  XLF, XLI, XLV,

Down trend sectors:  XLB, XLP, XLY, XLK, XLU, XLRE, XLC,

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up a little

23 of 100 NDX stocks closed higher on Monday

70 NDX stock are above their 30 DMA:   BIIB, ORLY, DXCM, GILD, PCAR, AMGN, KHC, PEP, SIRI, ADSK, ILMN, NFLX, VRSN, EA, FTNT, HON, ISRG, WBA, ADBE, BKNG, ZM, ADP, ASML, CTAS, CTSH, CSCO, DLTR, INTU, KDP, MAR, MRNA, AMAT, CHTR, COST, CPRT, CSX, IDXX, LRCX, MDLZ, MNST, NVDA, ODFL, REGN, ROST, TMUS, AZN, CMCSA, EBAY, FISV, LULU, OKTA, PAYX, SPLK, WDAY, KLAC, PANW, FAST, VRSK, AAPL, AVGO, EXC, INTC, LCID, MELI, MU, QCOM, TXN, VRTX, XEL, ANSS,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 1

ANSS,

Moving Below 30 DMA = 8

ABNB, ADI, AEP, CRWD, MCHP, NXPI, SWKS, SBUX,

Add Comments here:

Mega-Cap Earnings Fall Short, Market Rises as Earnings Continue Strong...Technology, Utilities, Communication Lead Sectors...FOMC Nov. 2...

© 2022

The SPX +93.76 opened flat, trend up and closed higher.  MSFT, GOOGL META and AMZN had day one negative earnings reactions while AAPL had a positive reaction and the broad market finished higher for the week.

QQQ closed higher after a positive earnings reaction from AAPL and a negative reaction from AMZN.  DIA, SPY and IWM continued to rise above their reversal breakout pattern.

DXY and TNX closed higher, while GLD, /CL and TLT moved lower.

FOMC announcement Wednesday, Nov. 2 at 2pm ET.

168 SPX companies report EPS next week:

Monday: GPN, HWM, L, ON PCG, PEG, XRAY, AFL, ANET, AWK, CINF, HOLX, NXPI, SBAC, SYK, VNO, WMB

Tuesday:

First day reaction: Q3 through Oct 28…

Positive:

DXCM, GILD, INTC, VRSN, VRTX, AAPL, PFG, TMUS, GWW, AJG, COF, NEE, VICI, CHTR, XOM, HIG, AON, CL, CVX,  NOW, CAT, RE, RJF, ALLE, ORLY, MCD, HON, LKQ, LUV, SPGI, TXT, CARR, TFX, MAA, CMCSA, F, MRK, CMS, XEL, FBHS, UHS, ROL, ENPH, CSGP, AMP, HES, V, TDY, IEX, TER, NSC, JNPR, ROP, BMY IQV, CB, BSX, CNC, MSCI, NVR, SYF, ARE, MCO, DFS, PHM, GM, SHW, PNR, ZION, KMB, ITW, KO, ADM, HAL, SLB, HBAN, CSX, LRCX, T, DGX, LVS, IBM, FCX, NUE, NFLX, ISRG, BKR, UAL, TRV, ELV, LMT, SBNY, GS, BAC, BK, USB, WFC, JPM, DAL, DPZ, FAST, PGR, WBA, BLK, PEP = 105 SHOP, PINS, FSLR,

Neutral:

EMN, WY, CPRT, SWN, CHD, KIM, BWA, AMT, NOC, WTW, KLAC, URI, TWTR, EQT, DTE, MA, AOS, AEP, DLR, LIN, UDR, IP, SO, APH, ODFL, GRMN, GD, KHC, HLT, OTIS, MMM, IVZ, PKG, PCAR, UPS, BIIB, GE, IPG, WHR, DOW, NVR, GPC, PG, JBHT, CFG, STT, JNJ, C, UNH = 49

Negative:

DVA, EW, BIO, AMZN, RMD, LYB, NWL, ABBV, PXD, LHX, MHK, RSG, META, ALGN, WST, INVH, BAX, LH, MOH, FTI, SWK, CBRE, ESS, FISV, TYL, VFC, WDC, TROW, GL, MO, KDP, BRO, GOOG, GOOGL, BA, STX, AVY, MSFT, FFIV, CMG, MAS, EQR, BXP, FE, WM, TXN, TMO, CME, FTV, ADP, CDNS, WRB, VLO, GLW, RTX, SIVB, RHI, HCA, VZ, AXP RF, UNP, TSLA, FITB, EFX, DHR, PPG, SNA, KMI, POOL, ALK, KEY, AL, TSCO, CCI, DOV, PM, MMC, MTB, NTRS, CMA, ABT, PLD, MTKX, NDAQ, OMC, TFC, HAS, FRC, SCHW, MS, PNC = 91 SNAP, WOLF

SPY up 9.04 at 389.02, on 100.3 million shares, above average volume, up on higher volume.

VIX down 1.64 at 25.75, volatility continues elevated.

QQQ up 8.35 at 281.22

INTC, AAPL, HON, VZ led the DJIA, 29 advancers, +10

DXCM, PFG, TMUS, GWW, RE led the SPX, 451 advancers

DXCM, GILD, VRSN, VRTX led the NDX 88 advancers

The two-year trend term is up.  The one-year trend down.

Up:  QQQ, DIA, SPY, IWM,

Down:

All eleven sectors were higher on Friday, led by XLK, XLU and XLC as sector momentum was up strong.

Technology leaders:  INTC, VRSN, AAPL, AMD

Utilities leaders:  NEE, DTE, PEG, XEL

Communication Services leaders:  TMUS, LUMN, GOOGL, VZ

Advancers weakened on Friday as advancers led 2,422 to 757 on the NYSE and led 3,177 to 1,440 on the NASDAQ.

The SPY MFC green line is pointed up at 70.2 and is short-term bullish.  SPY opened flat and closed higher.

Uptrend sectors:  XLE,

Neutral sectors:  XLF, XLI, XLV,

Down trend sectors:  XLB, XLP, XLY, XLK, XLU, XLRE, XLC,

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

88 of 100 NDX stocks closed higher on Friday

77 NDX stock are above their 30 DMA:   BIIB, ORLY, DXCM, GILD, PCAR, AMGN, KHC, PEP, SIRI, ABNB, ADSK, ILMN, NFLX, VRSN, EA, FTNT, HON, ISRG, WBA, ADBE, BKNG, ZM, ADP, ASML, CTAS, CTSH, CSCO, DLTR, INTU, KDP, MAR, MRNA, AMAT, CHTR, COST, CPRT, CSX, IDXX, LRCX, MDLZ, MNST, NVDA, ODFL, REGN, ROST, TMUS, AZN, CMCSA, EBAY, FISV, LULU, OKTA, PAYX, SPLK, WDAY, KLAC, PANW, CRWD, FAST, VRSK, AAPL, ADI, AEP, AVGO, EXC, INTC, LCID, MELI, MCHP, MU, NXPI, QCOM, SWKS, SBUX, TXN, VRTX, XEL,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 17

AAPL, ADI, AEP, AVGO, EXC, INTC, LCID, MELI, MCHP, MU, NXPI, QCOM, SWKS, SBUX, TXN, VRTX, XEL,

Moving Below 30 DMA = 0

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NDX, SPX Close Lower on Mega-Cap Weakness...Industrials, Financial, Utilities Lead Sectors...After hours: AAPL up...AMZN down...

© 2022

The SPX -23.30 opened higher, traded in a volatile range, reversed and closed lower as the selling momentum of META, AAPL, MSFT and GOOGL carried the indexes lower on Thursday.

QQQ closed lower for the second day after weak earnings reactions from MSFT, GOOGL and META.  SPY, DIA and IWM remained above horizontal resistance.

DXY, TLT and /CL closed higher, while GLD and TNX moved lower.

After hours:  VRTX, INTC, AAPL and PINS trade higher on positive earnings reactions, AMZN and EW trade lower on negative earnings reactions.

166 SPX companies report EPS this week:

Monday: ARE, BRO, CDNS, DFS, PKG, WRB, ZION,

Tuesday: ADM, BIIB, CNC, GE, GLW, GM, HAL, ITW, IVZ, KMB, KO, MCO, MMM, MSCI, NVR, PCAR, PHM, PNR, RTX, SHW, SYF, UPS, VLO, AMP, BXP, CB, CMG, CSGP, ENPH, EQR, FE, FFIV, GOOG, GOOGL, IEX, JNPR, MSFT, TER, TXN, UHS, V,

Wednesday: ADP, APH, AVY, BA, BMY, BSX, CME, FTV, GD, GRMN, HES, HLT, IQV, KHC, MAS, NSC, ODFL, OTIS, ROL, ROP, STX, TDY, TMO, WM, ALGN, DLR, EQT, ESS, F, FBHS, FTI, GL, INVH, KLAC, MAA, META, MOH, NOW, ORLY, RE, RJF, TYL, UDR, URI, VFC,

Thursday: AEP, ALLE, AMT, AOS, BAX, BWA, CARR, CAT, CBRE, CMCSA CMS, DTE, FISV, HON, IP, KDP, KIM, LH, LIN, LKQ, LUV, MA, MCD, MO, MRK, NOC, SO, SPGI, SWK, TFX, TROW, TWTR, TXT, WDC, WST, WTW, XEL, AAPL, AJG, AMZN, BIO, COF, CPT, DXCM, EMN, EW, GILD, HIG, INTC, LHX, MHK, PFG, PXD, RMD, RSG, SWN, TMUS, VICI, VRSN, VRTX, WY,

Friday: ABBV, AON, CHD, CHTR, CL, CVX, DVA, GWW, LYB, NEE, NWL, XOM

First day reaction: Q3 through Oct 27…

Positive:

NOW, CAT, RE, RJF, ALLE, ORLY, MCD, HON, LKQ, LUV, SPGI, TXT, CARR, TFX, MAA, CMCSA, F, MRK, CMS, XEL, FBHS, UHS, ROL, ENPH, CSGP, AMP, HES, V, TDY, IEX, TER, NSC, JNPR, ROP, BMY IQV, CB, BSX, CNC, MSCI, NVR, SYF, ARE, MCO, DFS, PHM, GM, SHW, PNR, ZION, KMB, ITW, KO, ADM, HAL, SLB, HBAN, CSX, LRCX, T, DGX, LVS, IBM, FCX, NUE, NFLX, ISRG, BKR, UAL, TRV, ELV, LMT, SBNY, GS, BAC, BK, USB, WFC, JPM, DAL, DPZ, FAST, PGR, WBA, BLK, PEP = 86

Neutral:

KIM, BWA, AMT, NOC, WTW, KLAC, URI, TWTR, EQT, DTE, MA, AOS, AEP, DLR, LIN, UDR, IP, SO, APH, ODFL, GRMN, GD, KHC, HLT, OTIS, MMM, IVZ, PKG, PCAR, UPS, BIIB, GE, IPG, WHR, DOW, NVR, GPC, PG, JBHT, CFG, STT, JNJ, C, UNH = 44

Negative:

META, ALGN, WST, INVH, BAX, LH, MOH, FTI, SWK, CBRE, ESS, FISV, TYL, VFC, WDC, TROW, GL, MO, KDP, BRO, GOOG, GOOGL, BA, STX, AVY, MSFT, FFIV, CMG, MAS, EQR, BXP, FE, WM, TXN, TMO, CME, FTV, ADP, CDNS, WRB, VLO, GLW, RTX, SIVB, RHI, HCA, VZ, AXP RF, UNP, TSLA, FITB, EFX, DHR, PPG, SNA, KMI, POOL, ALK, KEY, AL, TSCO, CCI, DOV, PM, MMC, MTB, NTRS, CMA, ABT, PLD, MTKX, NDAQ, OMC, TFC, HAS, FRC, SCHW, MS, PNC = 79 SNAP

SPY down 2.04 at 379.98, on 81.9 million shares, below average volume, down on lower volume.

VIX up .11  at 27.39, volatility continues elevated.

QQQ down 5.06 at 272.87

CAT, BA, MCD, HON led the DJIA, 19 advancers, -2

NOW, ANET, RE, RJF led the SPX, 281 advancers

ORLY, MRVL, CHTR, KHC led the NDX 43 advancers

The two-year trend term is up.  The one-year trend down.

Up:  DIA, IWM,

Down:  SPY, QQQ,

Six of eleven sectors were higher on Thursday, led by XLI, XLF and XLU as sector momentum was mixed.

Industrials leaders:  CAT, ALLE, BA, ROL

Financial leaders:  RE, RJF, SCHW, AMP

Utilities leaders:  EIX, FE, AWK, SRE

Advancers weakened on Thursday as advancers led 1,745 to 1,419 on the NYSE and decliners led 2,424 to 2,235 on the NASDAQ.

The SPY MFC green line is pointed up at 58.7 and is short-term bullish.  SPY opened higher and closed lower.

Uptrend sectors:  XLE,

Neutral sectors:  XLF, XLI, XLV,

Down trend sectors:  XLB, XLY, XLK, XLU, XLP, XLRE, XLC,

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Sideways

43 of 100 NDX stocks closed higher on Thursday

60 NDX stock are above their 30 DMA:   BIIB, ORLY, DXCM, GILD, PCAR, AMGN, KHC, PEP, SIRI, ABNB, ADSK, ILMN, NFLX, VRSN, EA, FTNT, HON, ISRG, WBA, ADBE, BKNG, ZM, ADP, ASML, CTAS, CTSH, CSCO, DLTR, INTU, KDP, MAR, MRNA, AMAT, CHTR, COST, CPRT, CSX, IDXX, LRCX, MDLZ, MNST, NVDA, ODFL, REGN, ROST, TMUS, AZN, CMCSA, EBAY, FISV, LULU, OKTA, PAYX, SPLK, WDAY, KLAC, PANW,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 3

CRWD, FAST, VRSK,

Moving Below 30 DMA = 9

AAPL, ALGN, AVGO, INTC, MCHP, MU, PYPL, QCOM, VRTX,

Add Comments here:

MSFT, GOOGL Earnings Reactions Lead NDX, SPX Lower...Real Estate, Health Care, Materials Lead Sectors...After hours: META, ALGN Lower, NOW, ORLY Higher...

© 2022

The SPX -28.51 opened lower, rallied higher, reversed and closed lower as the selling momentum of MSFT and GOOGL carried the indexes lower on Wednesday.

IWM closed higher as momentum continued positive for a fourth day, while DIA, SPY and QQQ closed lower.  SPY, DIA and IWM remained above horizontal resistance.

TLT, /CL and GLD closed higher, while DXY and TNX moved lower.

After hours:  NOW and ORLY trade higher on positive earnings reaction, META and ALGN trade lower on negative earnings reactions.

167 SPX companies report EPS this week:

Monday: ARE, BRO, CDNS, DFS, PKG, WRB, ZION,

Tuesday: ADM, BIIB, CNC, GE, GLW, GM, HAL, ITW, IVZ, KMB, KO, MCO, MMM, MSCI, NVR, PCAR, PHM, PNR, RTX, SHW, SYF, UPS, VLO, AMP, BXP, CB, CMG, CSGP, ENPH, EQR, FE, FFIV, GOOG, GOOGL, IEX, JNPR, MSFT, TER, TXN, UHS, V,

Wednesday: ADP, APH, AVY, BA, BMY, BSX, CME, FTV, GD, GRMN, HES, HLT, IQV, KHC, MAS, NSC, ODFL, OTIS, ROL, ROP, STX, TDY, TMO, WM, ALGN, DLR, EQT, ESS, F, FBHS, FTI, GL, INVH, KLAC, MAA, META, MOH, NOW, ORLY, RE, RJF, TYL, UDR, URI, VFC,

Thursday: AEP, ALLE, AMT, AOS, BAX, BWA, CARR, CAT, CBRE, CMCSA CMS, DTE, FISV, HON, IP, KDP, KIM, LH, LIN, LKQ, LUV, MA, MCD, MO, MRK, NOC, SO, SPGI, SWK, TFX, TROW, TWTR, TXT, WDC, WST, WTW, XEL, AAPL, AJG, AMZN, BIO, COF, CPT, DXCM, EMN, EW, GILD, HIG, INTC, LHX, MHK, PFG, PXD, RMD, RSG, SWN, TMUS, VICI, VRSN, VRTX, WY,

Friday: ABBV, AON, CHD, CHTR, CL, CVX, DVA, GWW, LYB, NEE, NWL, RCL, XOM

MSFT, GOOGL Tuesday, META Wednesday, AAPL, AMZN Thursday AMC will report earnings this week.

First day reaction: Q3 through Oct 25…

Positive: UHS, ROL, ENPH, CSGP, AMP, HES, V, TDY, IEX, TER, NSC, JNPR, ROP, BMY IQV, CB, BSX, CNC, MSCI, NVR, SYF, ARE, MCO, DFS, PHM, GM, SHW, PNR, ZION, KMB, ITW, KO, ADM, HAL, SLB, HBAN, CSX, LRCX, T, DGX, LVS, IBM, FCX, NUE, NFLX, ISRG, BKR, UAL, TRV, ELV, LMT, SBNY, GS, BAC, BK, USB, WFC, JPM, DAL, DPZ, FAST, PGR, WBA, BLK, PEP = 65

Neutral: APH, ODFL, GRMN, GD, KHC, HLT, OTIS, MMM, IVZ, PKG, PCAR, UPS, BIIB, GE, IPG, WHR, DOW, NVR, GPC, PG, JBHT, CFG, STT, JNJ, C, UNH = 26

Negative: BRO, GOOG, GOOGL, BA, STX, AVY, MSFT, FFIV, CMG, MAS, EQR, BXP, FE, WM, TXN, TMO, CME, FTV, ADP, CDNS, WRB, VLO, GLW, RTX, SIVB, RHI, HCA, VZ, AXP RF, UNP, TSLA, FITB, EFX, DHR, PPG, SNA, KMI, POOL, ALK, KEY, AL, TSCO, CCI, DOV, PM, MMC, MTB, NTRS, CMA, ABT, PLD, MTKX, NDAQ, OMC, TFC, HAS, FRC, SCHW, MS, PNC = 60 SNAP

SPY down 2.90 at 382.02, on 104.0 million shares, above average volume, down on higher volume.

VIX down 1.18 at 27.28, volatility continues elevated.

QQQ down 6.28 at 277.93

V, MMM, AMGN, IBM led the DJIA, 21 advancers, -5

UHS, ROL, ENPH, CSGP led the SPX, 284 advancers

PDD, JD, MRNA, AZN led the NDX 45 advancers

The two-year trend term is up.  The one-year trend down.

Up:  IWM,

Down:  DIA, SPY, QQQ,

Six of eleven sectors were higher on Wednesday, led by XLE, XLV and XLB as sector momentum remained positive.

Energy leaders:  HES, HAL, FTI, COP

Health Care leaders:  UHS, DVA, MRNA, COO

Basic Materials leaders:  FCX, NEM, LIN, CTVA

Advancers weakened on Wednesday as advancers led 1,925 to 1,305 on the NYSE and led 2,749 to 1,957 on the NASDAQ.

The SPY MFC green line is pointed up at 50.8 and is short-term bullish.  SPY opened lower and closed lower.

Uptrend sectors:  XLE,

Neutral sectors:  XLF, XLI, XLV,

Down trend sectors:  XLB, XLY, XLK, XLU, XLP, XLRE, XLC,

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

3-month Intermediate Term Market Trend: Down a little

3-day Short Term Market Trend: Up

45 of 100 NDX stocks closed higher on Wednesday

66 NDX stock are above their 30 DMA:   BIIB, ORLY, DXCM, GILD, PCAR, AMGN, KHC, PEP, SIRI, ABNB, ADSK, ILMN, NFLX, VRSN, EA, FTNT, HON, ISRG, MU, WBA, ADBE, BKNG, ZM, AAPL, ADP, ASML, CTAS, CTSH, CSCO, DLTR, INTU, KDP, MAR, MRNA, VRTX, AMAT, CHTR, COST, CPRT, CSX, IDXX, INTC, LRCX, MDLZ, MNST, NVDA, ODFL, REGN, ROST, TMUS, AZN, CMCSA, EBAY, FISV, LULU, MCHP, OKTA, PAYX, PYPL, QCOM, SPLK, WDAY, ALGN, AVGO, KLAC, PANW,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 4

ALGN, AVGO, KLAC, PANW,

Moving Below 30 DMA = 8

ADI, AMZN, DDOG, FAST, GOOGL, META, MSFT, TXN,

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