SPX Opens Lower after Retail Sales Report...VIX Lower Day Four...Consumer Discretionary, Communication Services, Utilities Lead Sectors...

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-SPX +11.47 opened lower after the CPI report BMO, reversed and closed higher.

-VIX closed lower for the fourth straight day.

-Retail Sales M/M 3.0% vs. 1.7% est., Ex-Vehicles M/M 2.3% vs. 0.7% est.

- Ex-Vehicles & Gas: M/M 2.6% vs. 0.6% est.

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

Mega caps GOOGL, TSLA, AMZN, AAPL rose and NVDA, MSFT, META, fell.

iBB:  In our model account we maintain a net long position.  Two 17 Feb LCVs closed at their targets and we entered four 24 Feb LCVs and three 24 Feb call positions.

SPY up 1.34 at 413.98, on 61.6 million shares, below average volume, up on lower volume.

VIX down 1.43 at 18.23

QQQ up 2.25 at 306.75

CAT, CSCO, DIS, AAPL led the DJIA, 16 advancers, +7

PARA, SEDG, GNRC, MLM led the SPX, 333 advancers

ABNB, RIVN, ADI, LCID led the NDX, 74 advancers.

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

Up:   IWM, QQQ, SPY, DIA,

Down:

Nine of eleven sectors were higher on Wednesday, led by XLY, XLC and XLU.

The SPY MFC green line turned up at 82 and is short-term bullish.  SPY opened lower and closed higher.

Uptrend sectors:   XLY, XLK, XLC, XLRE, XLF, XLB, XLI, XLE, XLP, XLV, XLU,

Neutral sectors:

Down trend sectors:

The 6-month intermediate trend is sideways.  The ten-day trend is up a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

74 of 100 NDX stocks closed higher on Wednesday.

77 NDX stock are above their 30 DMA:   AVGO, ALGN, BKNG, META, SGEN, EBAY, IDXX, MU, NFLX, WBD, BKR, CHTR, AMAT, ASML, CTSH, LRCX, ODFL, ADBE, ANSS, CDNS, MELI, ADSK, AMZN, ISRG, NXPI, QCOM, ABNB, AMD, FISV, LCID, MAR, NVDA, TEAM, CPRT, AAPL, COST, CPRT, FAST, INTU, MCHP, MRVL, MSFT, PANW, TXN, WDAY, ZS, ADI, FTNT, GFS, PCAR, REGN, TSLA, MNST, DDOG, OKTA, ZM, CRWD, RIVN, GILD, SBUX, LULU, ORLY, AZN, CTAS, DXCM, FANG, KDP, PEP, ATVI, CMCSA, ILMN, LULU, TMUS, CSCO, CSGP, DLTR, EXC, GOOG, GOOGL,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 6

CSCO, CSGP, DLTR, EXC, GOOG, GOOGL,

Moving Below 30 DMA = 3

BIIB, PDD, WBA,

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