© 2023
-SPX -47.05, opened
lower, dropped after 2-hour trading range and closed lower.
-SPX dropped after debt crisis talks reached an
impasse,
-Comments from White House & McCarthy indicated a deal
unlikely on Tuesday.
-Stocks range traded as debt ceiling talks resumed.
-All seven mega-caps closed lower.
-VIX up 1.32
-After hours: PANW +7.72, +4.07%,
after a beat and raise guidance quarter.
-NVDA reports Wed. AMC
/CL, DXY, TLT and GLD closed higher, while TNX moved lower.
Mega caps AMZN, META, AAPL, NVDA,
TSLA, MSFT, GOOGL fell.
SPY down 4.70 at 414.09, on 86.3
million shares, average volume, down on higher volume.
VIX up 1.32 at 18.53.
QQQ down 4.28 at 333.36
CVX, HD, WBA, VZ led the DJIA, 8 advancers, -1
ALB, ZION, AIG, TSN led the SPX, 110 advancers
MRNA, SGEN, WBA, AVGO led the NDX, 16 advancers.
The two-year trend term is sideways. The
one-year trend is sideways.
Up:
Down: IWM, DIA, SPY, QQQ,
One of eleven sectors was higher on Tuesday, led by XLE, XLU and XLP.
The SPY
MFC green line is pointed up at 83.4 and is short-term
bullish. SPY opened lower,
traded in a range until debt ceiling talks reached an impasse and then sold off
to close lower.
Uptrend sectors: XLK, XLC,
XLP, XLY, XLV,
Neutral sectors: XLB, XLI, XLU, XLRE,
Down trend sectors: XLE, XLF,
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
16 of 100 NDX stocks
closed higher on Tuesday.
52 NDX stock are above their 30 DMA: AAPL,
MDLZ, AMZN, CPRT, ISRG, BIIB, MNST, DLTR, CSX, CSGP, MSFT, NVDA, CMCSA, LRCX, META, VRSK, CTSH, DDOG, GOOG,
GOOGL, AMD, CRWD, FTNT, ZS, NFLX, AMAT, ASML, KLAC, MELI, OKTA, AVGO, MRVL, MU,
ZM, SNPS, ADI, ADSK, FAST, MCHP, NXPI, RIVN, TSLA, WDAY, ADP, CSCO,
INTU, ADBE, TXN, LCID, PAYX, TEAM, MRNA,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 1
MRNA,
Moving Below 30 DMA = 11
BKNG, CDNS, CTAS, FISV, HON, IDXX, MAR,
ORLY, PANW, ROST, VRTX,
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