SPX Opens Lower Forms Doji...Energy, Industrials, Basic Materials Lead Sectors...Barr Before House on Wednesday...

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-SPX -6.26, open lower, close slightly lower.

-VIX closed .63 lower.

-Barr, Fed Vice Chair of Supervision testified before Senate today,

-House testimony tomorrow at 10 am ET.

-FTNT was a horizontal breakout continuation on Tuesday.

-NVDA, META, AAPL bull flag setups.

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

SPY down .89 at 395.60, on 62.8 million shares, below average volume, down on lower volume.

VIX down .63 at 19.97

QQQ down 1.64 at 307.12.

WBA, BA, DOW, CVX led the DJIA, 15 advancers, -7

MKC, CCL, OXY, BBWI led the SPX, 309 advancers

JD, DDOG, ROST, DLTR led the NDX, 44 advancers.

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

Up:

Down:  IWM, DIA, SPY, QQQ,

Five of eleven sectors were higher on Tuesday, led by XLE, XLI and XLB.

The SPY MFC green line turned down at 40.3 and is short-term bearish.  SPY opened lower and formed a doji.

Uptrend sectors:   XLK, XLC, XLY, XLB,

Neutral sectors:  XLI, XLE, XLF, XLP, XLV, XLRE,

Down trend sectors: XLU,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little

44 of 100 NDX stocks closed higher on Tuesday.

49 NDX stock are above their 30 DMA:   META, SGEN, ANSS, CDNS, NVDA, PANW, FTNT, CRWD, AVGO, AMD, ATVI, OKTA, ODFL, VRSK, AAPL, ILMN, CSCO, INTC, MDLZ, MELI, MSFT, SNPS, GOOG, GOOGL, PEP, ADBE, AMZN, CPRT, EA, INTU, ISRG, TXN, VRTX, ASML, AZN, BKNG, MU, LULU, REGN, WDAY, AMGN, BIIB, IDXX, MNST, NFLX, CTAS, FAST, KDP,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

GILD,

Moving Below 30 DMA = 7

AMAT, COST, DXCM, GFS, LRCX, QCOM, TMUS,

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