SPX Closes Higher after ISM Report and FOMC Minutes...Real Estate, Communication Services, Basic Materials Lead Sectors...

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The SPX +28.83 opened higher and pulled back after both the ISM Manufacturing index at 10 am ET, and the FOMC minutes at 2 pm ET, but rallied after both pullbacks to close higher for the day.  The SPX remains like the index ETFs in a 12-day trading range.

VIX moved lower.

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

SPY up 2.94 at 383.76, on 85.9 million shares, average volume, up on higher volume.

VIX down .89 at 22.01

QQQ up 1.26 at 265.74

BA, CRM, INTC, DIS led the DJIA, 24 advancers, +6

BBWI, CCL, PARA, RCL led the SPX, 420 advancers

JD, WBD, PDD, MU led the NDX, 79 advancers

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

Up:   IWM, SPY, QQQ, DIA,

Down:

Ten of eleven sectors were higher on Wednesday, led by XLRE, XLC and XLB.

Advancers strengthened on Wednesday as advancers led 2,527 to 609 on the NYSE and led 3,345 to 1,274 on the NASDAQ.

The SPY MFC green line turned up at 18.6 and is short-term bullish.  SPY opened higher, reversed and closed higher.

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

Neutral sectors:  XLRE, XLK, XLC,

Down trend sectors:  XLY,

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

3-month Intermediate Term Market Trend: Up a little

3-day Short Term Market Trend: Sideways

79 of 100 NDX stocks closed higher on Wednesday

28 NDX stock are above their 30 DMA:   KHC, ROST, AZN, XEL, AVGO, ATVI, EXC, OKTA, WDAY, ALGN, ADBE, BKNG, META, SGEN, CMCSA, FISV, JD, PDD, PYPL, SBUX, EBAY, IDXX, ISRG, MNST, MU, NFLX, VRSK, WBD,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 8

EBAY, IDXX, ISRG, MNST, MU, NFLX, VRSK, WBD,

Moving Below 30 DMA = 2

DXCM, ORLY, 

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