© 2023
-SPX +48.87, opened lower after Retail Sales report, closed lower.
-Trend up day after Housing report, positive comments
from Biden on debt ceiling.
-Regional banks, financial sector rally after QTD deposit
growth at WAL.
-WAL +3.22, +10.19%,
ZION +2.14, +10.14%.
-VIX down 1.12
-FSLR -3.14, -1.43%, on BO test after 26% gain on Friday.
-Housing Starts and Permits 1.401M vs 1.400M
est. &. 1.416M vs 1.437 est.
-WMT reports EPS Thu BMO.
/CL, DXY and TNX closed higher, while GLD and TLT
moved lower.
Mega caps TSLA, NVDA, AMZN,
META, GOOGL, MSFT, AAPL rose.
SPY up 4.98 at 415.23, on 87.2
million shares, above average volume, up on higher volume.
VIX down 1.12 at 16.87.
QQQ up 3.96 at 331.12
HD, JPM, BA, GS led the DJIA, 22 advancers, +19
CMA, ZION, KEY, LNC led the SPX, 382 advancers
MRVL, TSLA, AMAT, DDOG led the NDX, 79 advancers.
The two-year trend term is sideways. The
one-year trend is sideways.
Up: IWM, DIA, SPY, QQQ,
Down:
Nine of eleven sectors were higher on Wednesday, led by XLY,
XLF and XLE.
The SPY
MFC green line turned up at 65.8 and is short-term
bullish. SPY opened higher,
trended up and closed higher.
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: Up
79 of 100 NDX stocks
closed higher on Wednesday.
55
NDX stock are above their 30 DMA: AAPL,
MDLZ, PEP, AMZN, CPRT, ISRG, VRTX, AZN, BIIB, MNST, ORLY, DLTR, CSX, FISV, CSGP,
MAR, MSFT, NVDA, CMCSA, CTAS, LRCX, META, VRSK,
CTSH, DDOG, GOOG, GOOGL, AMD, CRWD, FTNT, PANW, ZS, NFLX, AMAT, ASML, IDXX,
KLAC, MELI, OKTA, AVGO, MRVL, BKNG, JD, MU, ZM, SNPS, ADI, ADSK, FAST, HON, MCHP,
NXPI, RIVN, TSLA, WDAY,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 9
ADI, ADSK, FAST, HON, MCHP, NXPI, RIVN,
TSLA, WDAY,
Moving Below 30 DMA = 0
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