SPX Lower as VIX, DXY Rise...Technology, Energy Lead All Sectors Close Lower...

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The SPX -46.03 opened flat and closed lower on Wednesday.

DIA, SPY, QQQ and IWM closed below Tuesday’s low. 

VIX moved higher.

TSLA closed higher on a countertrend bounce after closing lower for seven straight days.

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

SPY down 4.74 at 376.66, on 70.9 million shares, below average volume, down on higher volume.

VIX up .49 at 22.14

QQQ down 3.48 at 260.10

JPM led the DJIA, 1 advancer, -19

GNRC, DRI, BAC, C led the SPX, 25 advancers

TSLA, LCID, ILMN, OKTA led the NDX, 9 advancers

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

Up:

Down:  DIA, SPY, QQQ, IWM,

All eleven sectors were lower on Wednesday, the weakest were XLRE, XLK and XLE.

Advancers weakened on Wednesday as decliners led 2,451 to 718 on the NYSE and led 3,107 to 1,499 on the NASDAQ.

The SPY MFC green line pointed down at 20 and is short-term bearish.  SPY opened flat and closed lower.

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

Neutral sectors:  XLK, 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

9 of 100 NDX stocks closed higher on Wednesday

16 NDX stock are above their 30 DMA:   KHC, ROST, AZN, XEL, AVGO, PDD, ATVI, EXC, OKTA, WDAY, ALGN, AEP, MDLZ, PDD, MNST, ORLY,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 7

BKNG, BKR, CTAS, HON, JD, META, PEP

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