SPX Higher Open, Lower Close in 10 Day Narrow Trading Range...Communication Services, Real Estate, Financial Lead Sectors...

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The SPX -15.36 opened higher and reversed, after the PMI Manufacturing index was released at 9:45 am ET, and moved back into the trading range of the past 10 days.

QQQ, DIA, SPY and IWM closed lower. 

VIX moved higher.

TSLA -12.24% after a 3-day counter trend bounce TSLA was the largest percentage decliner in the SPX.

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

SPY down 1.61 at 380.82, on 74.8 million shares, below average volume, down on higher volume.

VIX up 1.23 at 22.90

QQQ down 1.80 at 264.48

BA, DIS, MMM, VZ led the DJIA, 18 advancers, +7

NEM, MHK, GCI, WYNN led the SPX, 265 advancers

PYPL, META, PDD, JD led the NDX, 39 advancers

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

Up:

Down:  DIA, SPY, IWM, QQQ,

Four of eleven sectors were higher on Tuesday, and one was unchanged, led by XLC, XLRE and XLF.

Advancers strengthened on Tuesday as advancers led 1,886 to 1,252 on the NYSE and led 2,541 to 2,136  on the NASDAQ.

The SPY MFC green line turned down at 17.3 and is short-term bearish.  SPY opened higher, reversed and closed lower.

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 down a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: up a little

39 of 100 NDX stocks closed higher on Tuesday

22 NDX stock are above their 30 DMA:   KHC, ROST, AZN, XEL, AVGO, ATVI, EXC, OKTA, WDAY, ALGN, ORLY, ADBE, BKNG, META, SGEN, CMCSA, DXCM, FISV, JD, PDD, PYPL, SBUX,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 7

CMCSA, DXCM, FISV, JD, PDD, PYPL, SBUX,

Moving Below 30 DMA = 2

BKR, MNST,

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