Tuesday, June 6, 2023

SPX Closes Close 3-mo. High...Financial, Consumer Discretionary, Energy Lead Sectors...TSLA Gains After-hours...


© 2023


-SPX +10.06, opens flat, to trading range, closes higher.
-VIX down .77
-Regional banks lift Financial sector: KRE +0.95, +2.25%
-New Highs: RCL, CCL, AMZN, GOOGL, META, TSLA,
-AAPL bull flag with hammer.
-After hours: TSLA +3.76, +1.70%


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

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


SPY up .93 at 428.03, on 63.9 million shares, below average volume, up on lower volume.
VIX down .77 at 13.96, a 3-year closing low.
QQQ down .06 at 354.84


INTC, AXP, DOW, DIS led the DJIA, 17 advancers, +8
BBWI, DISH, NCLH, KMX, ETSY led the SPX, 328 advancers
PDD, AMD, LCID, WBD led the NDX, 55 advancers.

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

Up:   IWM, SPY, DIA,
DownQQQ, 

Seven of eleven sectors were higher on Tuesday, led by XLF, XLY and XLE.

The SPY MFC green line turned up at 90 and is short-term bullishSPY opened flat, traded in a range and closed higher.

Uptrend sectors:   XLK, XLC, XLY,
Neutral sectors:  XLV, XLP, XLB, XLI, XLU, XLRE, XLE, XLF,
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 TrendUp

49 of 100 NDX stocks closed higher on Tuesday.

65 NDX stock are above their 30 DMA:  AAPL, AMZN, CPRT, ISRG, MNST, CSGP, MSFT, NVDA, LRCX, META, VRSK, DDOG, GOOG, GOOGL, AMD, CRWD, FTNT, ZS, NFLX, AMAT, ASML, KLAC, AVGO, MRVL, MU, SNPS, RIVN, TSLA, WDAY, CSCO, ADBE, TEAM, CTAS, PANW, CDNS, NXPI, TXN, ZM, ANSS, COST, EA, PDD, ATVI, INTC, QCOM, ADSK, BKR, CSX, DXCM, MCHP, ABNB, ADP, EBAY, HON, ILMN, INTU, JD, MAR, PAYX, PCAR, ALGN, BKNG, CTSH, ROST, SIRI,


NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 3
CTSH, ROST, SIRI,


Moving Below 30 DMA = 3
FAST, MELI, ODFL,



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