SPX Closes Lower after Economic Reports...Utilities, Health Care, Energy Lead Sectors...COST Lower in After-hours...

© 2023 

-SPX -10.22, opened lower and closed lower.

-Bad news initially led to a good reaction then a reversal after 20 minutes.

-/ES moved lower after the International Trade Deficit was higher than est.

-SPX moved lower after the ISM Services Index was lower than consensus.

-VIX closed up .08.

-After-hours: COST -9.47, -1.90%, after March sales were below expectations.

-Tomorrow, Thursday April 6 is options expiration.

-Markets closed Good Friday April 7.

-Earnings Season reports on April 14: JPM, C, WFC, BLK, PNC, UNH 

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

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

SPY down 1.07 at 407.60, on 65.1 million shares, below average volume, down on similar volume.

VIX up .08 at 19.08

QQQ down 3.15 at 315.92.

JNJ, UNH, MRK, AMGN led the DJIA, 17 advancers, +8

PSX, VLO, MPC, BAX led the SPX, 227 advancers

XEL, AEP, BIIB, SIRI led the NDX, 28 advancers.

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

Up:  DIA,

Down:  SPY, IWM, QQQ,

Four of eleven sectors were higher on Wednesday, led by XLU, XLV and XLE.

The SPY MFC green line is pointed up at 86.5 and is short-term bullish.  SPY opened lower and closed lower on a breakout test and formed a hammer.

Uptrend sectors:   XLK, XLC, XLB, XLP, XLV,

Neutral sectors:  XLU, XLI, XLY, XLE, XLF, XLRE,

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: Down a little

28 of 100 NDX stocks closed higher on Wednesday.

64 NDX stock are above their 30 DMA:   META, SGEN, ANSS, CDNS, NVDA, PANW, FTNT, AVGO, AMD, ATVI, VRSK, AAPL, ILMN, CSCO, INTC, MDLZ, MELI, MSFT, SNPS, GOOG, GOOGL, PEP, ADBE, AMZN, CPRT, EA, INTU, ISRG, TXN, VRTX, ASML, AZN, BKNG, LULU, REGN, WDAY, AMGN, BIIB, MNST, NFLX, CTAS, KDP, GILD, ADI, AEP, CMCSA, COST, KHC, ORLY, QCOM, TMUS, XEL, EXC, WBA, WBD, ZM, CTSH, DLTR, EBAY, FANG, MRNA, SBUX, ROST, SIRI,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 1

SIRI,

Moving Below 30 DMA = 17

ADSK, ALGN, AMAT, BKR, CRWD, DXCM, FAST, GFS, IDXX, KLAC, LRCX, MCHP, OKTA, PYPL, RIVN, TEAM, TSLA,

Add Comments here: