© 2023
-SPX +56.54, open higher,
diagonal breakout, close higher.
-VIX closed .85 lower.
-Barr, Fed Vice
Chair of Supervision testified before the House today,
-FTNT a horizontal
breakout continuation closed higher.
-NVDA, META,
AAPL bull flag bounce close above the HOLD.
DXY and TLT closed higher, while /CL, GLD and TNX
moved lower.
Mega caps AMZN, TSLA, META, NVDA,
AAPL, MSFT, GOOGL rose.
SPY up 5.75 at 401.35, on 77.4
million shares, below average volume, up on higher volume.
VIX down .85 at 19.12
QQQ up 5.60 at 312.72.
INTC, AXP, TRV, CRM led the DJIA, 28 advancers, +13
LRCX, CCL, WDC, NCLH led the SPX, 460 advancers
LULU, RIVN, MU, PAYX led the NDX, 94 advancers.
The two-year trend term is sideways. The
one-year trend down a little.
Up: QQQ, SPY, IWM, DIA,
Down:
All eleven sectors were higher on Wednesday, led by XLRE, XLK and
XLY.
The SPY
MFC green line turned up at 45.9 and is short-term bullish. SPY opened higher and closed higher on
a diagonal breakout.
Uptrend sectors: XLK, XLC,
XLB, XLP, XLI,
Neutral sectors: XLY, XLE, XLF, XLV, XLRE, XLU,
Down trend sectors:
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
94 of 100 NDX stocks
closed higher on Wednesday.
66 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, GILD, ADI, ADP, AEP, AMAT, CMCSA, COST,
GFS, KHC, KLAC, LRCX, MRVL, ORLY, PAYX, QCOM, TMUS, TSLA, XEL,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 17
ADI, ADP, AEP, AMAT, CMCSA, COST, GFS,
KHC, KLAC, LRCX, MRVL, ORLY, PAYX, QCOM, TMUS, TSLA, XEL,
Moving Below 30 DMA = 0
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