© 2023
-SPX -12.09 opened flat, traded in a range,
closed lower after a last-minute selloff.
-VIX closed .25 lower.
-XRAY +3.52, +10.19% leads
SPX after EPS. 46 beats .32 estimates.
-EV stocks RIVN, LCID rise, TSLA falls.
DXY, /CL, GLD and TLT closed higher, while TNX moved lower.
Mega caps META, AMZN, GOOGL rose
and MSFT, AAPL,
TSLA, NVDA fell.
iBB: In
our model account we maintain a net long position.
SPY down 1.47 at 396.26, on 96.1
million shares, above average volume, down on higher volume.
VIX down .25 at 20.70
QQQ down .38 at 293.56
JPM, BA, WMT, AXP led the DJIA, 11 advancers, -6
XRAY, EW, STLD, AAP led the SPX, 201 advancers
RIVN, LCID, AMAT, META led the NDX, 44 advancers.
The two-year trend term is up a little. The
one-year trend down a little.
Up: IWM,
Down: QQQ, SPY, DIA,
Four of eleven sectors were higher on Tuesday, led by XLB,
XLF and XLC.
The SPY
MFC green line is pointed down at 35 and is short-term bearish. SPY opened flat, traded in a range,
sold off in the last minute of trading and closed lower.
Uptrend sectors: XLC,
XLK, XLI, XLB, XLF, XLRE, XLY,
Neutral sectors: XLE, XLP, XLU, XLV,
Down trend sectors:
The 6-month intermediate
trend is sideways. The ten-day trend is down.
3-month Intermediate Term Market
Trend: Sideways
3-day Short Term Market Trend: Down a little
44 of 100 NDX stocks
closed higher on Tuesday.
34
NDX stock are above their 30 DMA: ALGN,
BKNG, META, SGEN, WBD, ANSS, CDNS, ISRG, ABNB, FISV, NVDA, AAPL, CPRT, FAST,
PANW, WDAY, ZS, ADI, FTNT, GFS, TSLA, CRWD, ORLY, DXCM, PEP, ATVI, CSCO, REGN, MELI, MRVL, MCHP, AMAT, AVGO, RIVN,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 3
AMAT, AVGO, RIVN,
Moving Below 30 DMA = 6
AMD, FANG, INTU, KDP, MDLZ, ODFL,
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