SPX Closes Lower on Light Holiday Trading Volume...Stocks, Sectors End Mixed, Bonds Fall...Energy, Utilities, Consumer Staples Lead Sectors...

 

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The SPX -15.57 traded in a range and closed lower on Tuesday.
DIA closed higher for a second day while SPY, QQQ and IWM closed lower. 
VIX moved higher.
SPY, DIA, QQQ and IWM volume was lower, as expected, on this holiday shortened week.

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

SPY down 1.51 at 381.40, on 51.6 million shares, below average volume, down on lower volume.

VIX up .78 at 21.65

QQQ down 3.78 at 263.58

VZ, CAT, CVX, NKE led the DJIA, 20 advancers, -5

WYNN, VFC, LVS, STX led the SPX, 312 advancers

JD, PDD, BKNG, ORLY led the NDX, 29 advancers

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

Up:  DIA,

Down:  SPY, IWM, QQQ,

Five of eleven sectors were higher on Tuesday, led by XLE, XLU and XLP.

Advancers weakened on Tuesday as decliners led 1,767 to 1,405 on the NYSE and led 3,098 to 1,578 on the NASDAQ.

The SPY MFC green line pointed down at 22.7 and is short-term bearish.  SPY opened flat and closed slightly lower.

Uptrend sectors:   XLV, XLP, XLB, XLI, XLF, XLE,

Neutral sectors:  XLK, XLU, XLC, XLRE,

Down trend sectors:  XLY,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down a little

29 of 100 NDX stocks closed higher on Tuesday

23 NDX stock are above their 30 DMA:   KHC, ROST, AZN, XEL, AVGO, PDD, ATVI, JD, EXC, META, OKTA, WDAY, ALGN, AEP, CTAS, MDLZ, PDD, BKR, MNST, BKNG, HON, ORLY, PEP,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 4

BKNG, HON, ORLY, PEP,

Moving Below 30 DMA = 4

ADBE, CMCSA, MRNA, SGEN,

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