SPX Pause Stays Above Tuesday's S-1, Closes Flat...Energy, Communication Services, Consumer Discretionary Lead Sectors...AAPL All-time Closing High...

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-SPX -1.55, opened lower, traded in a range, closed flat on Wednesday

-Powell at ECB Forum, consecutive hikes possible.

-SPY pause stays above Tuesday’s S-1 and closes +.22 in bull flag bounce,

-VIX down .31.

-Breadth was modestly stronger on Wednesday.

-Mega caps TSLA, GOOGL, APPL, MSFT rally on Wednesday

-AAPL +1.19, 189.25, all-time closing high, nearing $3 trillion market cap.

-TSLA +6.03, +2.41%, continued Tuesday’s bounce.

-Regional banks rally: KRE +.68, +1.70%, ZION +.22, +0.81%.

-Powell speaks at Conference on Financial Stability in Spain on Thursday

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

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

SPY up .22 at 436.17, on 75.4 million shares, below average volume, up slightly on similar volume.

VIX down .31 at 13.43

QQQ up .71 at 364.54,

CRM, WBA, AXP, CVX led the DJIA, 16 advancers, -7

CCL, NCLH, WY, GNRC led the SPX, 205 advancers

LCID, SIRI, MELI, TEAM led the NDX, 50 advancers.

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

Up:  IWM, QQQ, SPY,

Down:  DIA,

Five of eleven sectors were higher on Wednesday, led by XLE, XLC and XLY.

The SPY MFC green line turned up at 73.6 and is short-term bullish.  SPY opened lower and closed slightly higher on a pause day after a strong rally.

Uptrend sectors:   XLK, XLC, XLY, XLI, XLF, XLB, XLRE, XLV, XLP,

Neutral sectors:  XLU, XLE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is up a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little

50 of 100 NDX stocks closed higher on Wednesday.

72 NDX stock are above their 30 DMA:  AAPL, AMZN, CPRT, ISRG, CSGP, MSFT, NVDA, CEG, LRCX, META, VRSK, FTNT, ZS, NFLX, AMAT, KLAC, AVGO, MRVL, TSLA, WDAY, CSCO, ADBE, CTAS, PANW, NXPI, COST, PDD, ATVI, INTC, QCOM, BKR, CSX, DXCM, MCHP, ABNB, HON, PCAR, ALGN, SIRI, ADI, FAST, INTU, LULU, ROST, VRTX, ODFL, IDXX, PYPL, ON, ORLY, DLTR, ADP, CHTR, CMCSA, EA, EXC, GFS, PAYX, ADSK, ANSS, ASML, BKNG, CDNS, CTSH, DDOG, EBAY, MAR, PDD, TMUS, TXN, ZM, WBD,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 1

WBD,

Moving Below 30 DMA = 2

PEP, SGEN,

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