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-SPX +63.53 gapped higher, traded in a volatile range, closed above the HOLD.
-FRC +26.98%, after 61% drop on Monday.
-SCHW, KEY, C, NTRS, WFC, ZION, SYF, CFG, DFS rally more
than 4%% each.
-VIX closed 2.79 lower.
-CPI Report: Y/Y 6.0%. vs. 6.0% est., M/M
0.4% vs. 0.4% est.
-Core CPI ex-food & energy: Y/Y 5.5%. vs. 5.5% est.,
M/M 0.5% vs. 0.4% est.
-CPI came in as expected on 3 of 4 categories,
-Showing WS doesn’t get them all wrong.
-PPI Report Wednesday 8:30 am ET BMO.
TNX and DXY closed higher, while /CL, TLT and GLD
moved lower.
Mega caps META, TSLA, NVDA, GOOGL,
MSFT, AMZN, AAPL rose.
SPY up 6.37 at 391.73, on 149.6
million shares, above average volume, up on slightly lower volume.
VIX down 2.79 at 23.73
QQQ up 6.68 at 297.37
CRM, AXP, INTC, MSFT led the DJIA, 22 advancers, +8
FRC, SCHW, CTLT, FIS, KEY led the SPX, 422 advancers
META, AMD, FISV, CRWD, TSLA, NVDA led the NDX, 83 advancers.
The two-year trend term is up a little. The
one-year trend down a little.
Up: QQQ, IWM, SPY, DIA,
Down:
All eleven sectors were higher on Tuesday, led by XLC, XLK, XLF and
XLY.
The SPY
MFC green line turned up at 15.1 and is short-term bearish. SPY opened higher, traded in a
volatile range and closed above the HOLD in a MACD divergence bounce.
Uptrend sectors: XLK, XLC,
XLI, XLB,
Neutral sectors: XLY, XLF, XLE, XLP, XLV, XLRE,
Down trend sectors: XLU,
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: Sideways
83 of 100 NDX stocks
closed higher on Tuesday.
33 NDX stock are above their 30 DMA: META,
SGEN, ANSS, CDNS, NVDA, PANW,
FTNT, CRWD, AVGO, AMD, ATVI, OKTA, ODFL, VRSK,
AAPL, EXC, ILMN, ADI, ALGN, AMAT, CSCO, CTAS, DXCM, GFS, INTC, MCHP, MDLZ, MELI,
MSFT, PDD, REGN, SNPS, TXN,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 16
ADI, ALGN, AMAT, CSCO, CTAS, DXCM, GFS,
INTC, MCHP, MDLZ, MELI, MSFT, PDD, REGN, SNPS, TXN,
Moving Below 30 DMA = 0
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