SPX Trades in Narrow Range and Closes Flat as Debt Ceiling Talks Resume with Some Progress...Communications Services, Real Estate, Technology Lead Sectors...

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-SPX +0.65, opened higher, pulled back and closed lower.

-Fed Speak from Kashkari, Bullard, Daly, Barkin and Bostic sends market sideways.

-Stocks range traded as debt ceiling talks resumed with progress reported.

-VIX up .40

-TSLA +8.73, +4.85%, on reversal BO continuation move.

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

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

SPY up .17 at 418.79, on 60.7 million shares, below average volume, up slightly on lower volume.

VIX up .40 at 17.21.

QQQ up 1.13 at 337.64

MMM, AXP, INTC, MSFT led the DJIA, 9 advancers, -4

MTCH, EPAM, PFE, GEN, ZION led the SPX, 286 advancers

TEAM, LCID, RIVN, TSLA led the NDX, 58 advancers.

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

Up:  IWM, QQQ, SPY,

Down:  DIA,

Six of eleven sectors were higher on Monday, led by XLC, XLRE and XLK.

The SPY MFC green line is pointed up at 80.6 and is short-term bullish.  SPY opened flat, traded in a range and closed flat.

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

58 of 100 NDX stocks closed higher on Monday.

62 NDX stock are above their 30 DMA:  AAPL, MDLZ, AMZN, CPRT, ISRG, VRTX, BIIB, MNST, ORLY, DLTR, CSX, FISV, CSGP, MAR, MSFT, NVDA, CMCSA, CTAS, LRCX, META, VRSK, CTSH, DDOG, GOOG, GOOGL, AMD, CRWD, FTNT, ZS, NFLX, AMAT, ASML, IDXX, KLAC, MELI, OKTA, AVGO, MRVL, BKNG, MU, ZM, SNPS, ADI, ADSK, FAST, HON, MCHP, NXPI, RIVN, TSLA, WDAY, ADP, CDNS, CSCO, INTU, ROST, ADBE, TXN, LCID, PANW, PAYX, TEAM,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 4

LCID, PANW, PAYX, TEAM,

Moving Below 30 DMA = 2

AZN, PEP,

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