SPX Opens Lower, Moves Lower, Afternoon Rally, Closes Lower...Utilities, Health Care, Real Estate Lead Sectors...

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-SPX -25.69, opens lower, moves lower after JOLTS report, afternoon rally

-Debt ceiling deal in the House for debate and 8:30 pm vote expected.

-VIX up .48

-Fed speak from Bowman, Jefferson, Harker today.  

-INTC +1.45, +4.83% after TD Cowen conference and comments from NVDA

- EPS Thursday AVGO AMC.

-After hours: CRWD -18.73, -11.70%, EPS beat, soft Q2 guidance

-CRM -12.93, -5.79%, EPS beat, buy the rumor sell the news?

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

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

SPY down 2.33 at 417.85, on 110.8 million shares, above average volume, down on higher volume.

VIX up .48 at 17.94.

QQQ down 1.99 at 347.99

INTC, VZ, CRM, UNH led the DJIA, 13 advancers, +1

EW, JKHY, EIX, PFE led the SPX, 177 advancers

TEAM, DXCM, INTU, ABNB led the NDX, 47 advancers.

The two-year trend term is sideways.  The one-year trend is sideways.

Up:

Down:  DIA, SPY, QQQ, IWM,

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

The SPY MFC green line turned up at 73 and is short-term bullish.  SPY opened lower and closed lower.

Uptrend sectors:   XLK, XLC, XLY,

Neutral sectors:  XLV, XLP, 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

47 of 100 NDX stocks closed higher on Wednesday.

50 NDX stock are above their 30 DMA:  AAPL, AMZN, CPRT, ISRG, MNST, CSGP, MSFT, NVDA, LRCX, META, VRSK, CTSH, DDOG, GOOG, GOOGL, AMD, CRWD, FTNT, ZS, NFLX, AMAT, ASML, KLAC, OKTA, AVGO, MRVL, MU, SNPS, RIVN, TSLA, WDAY, CSCO, ADBE, LCID, TEAM, CTAS, PANW, CDNS, NXPI, TXN, ZM, ANSS, COST, EA, GFS, PDD, ATVI, INTC, QCOM, ADSK,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 1

ADSK,

Moving Below 30 DMA = 3

FAST, MCHP, ODFL,

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