© 2023
-Fed Minutes release followed by a 30 min reaction
range of 12.24 SPX points,
-Breadth was weaker
on Wednesday.
-AAPL -1.13, 191.33, 2-day bull flag.
-TSLA +2.66, +0.59%, breakout test and continuation.
-Regional banks pulled back: KRE -.55,
-1.32%, ZION -.18, -0.64%.
Mega
caps META, GOOGL, TSLA, AMZN, MSFT rose and NVDA, AAPL fell.
SPY down .66 at 443.13, on 57.6 million shares, below average volume, down on higher
volume.
VIX up .48 at 14.18
QQQ down .01 at 370.28,
BA, CRM, WBA, KO led the DJIA, 12 advancers, -6
PCG, FIS, SBAC, EPAM led the SPX, 168 advancers
MELI, TEAM, META, AZN led the NDX, 43 advancers.
The two-year trend term is sideways. The
one-year trend is up.
Up:
Down: QQQ, SPY, DIA, IWM,
Four of eleven sectors were higher on Wednesday, led by XLU,
XLC and XLRE.
The SPY
MFC green line is pointed up at 90.6 and is short-term bullish. SPY opened lower and closed slightly lower
on the sixth day of a bull flag bounce.
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.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Up
43 of 100 NDX stocks
closed higher on Wednesday.
80
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, ANSS, BKNG, CDNS, CTSH, DDOG, EBAY, MAR, TMUS, TXN, WBD, FANG, LCID, AEP, GEHC, PAYX, PEP, AMGN, KDP, PDD,
GILD, MELI, TEAM, XEL,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 4
GILD, MELI, TEAM, XEL,
Moving Below 30 DMA = 4
ASML, MDLZ, SNPS, ZM,
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