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- Core CPI beats - M/M 0.2% vs. 0.03 est.,
Y/Y 4.8% vs. 5.0% est.
- PPI report Thursday 8:30 am ET.
- SPX earnings on Thursday BMO: CAG,
CTAS, DAL, FAST, PEP, PGR.
- Breadth was
stronger on Wednesday.
- AAPL +1.69, 189.77, bull flag bounce.
- TSLA +2.20, +0.82%, bull flag bounce and re-breakout setup.
- Regional banks rallied: KRE +0.85,
+2.01%, ZION
+0.86, +2.81%.
Mega
caps META, NVDA, AMZN, GOOGL, MSFT, AAPL, TSLA rose.
SPY up 3.56 at 446.02, on 91.8 million shares, above average volume, up on higher
volume.
VIX down 1.30 at 13.54
QQQ up 4.65 at 377.82
MMM, CRM, WBA, BA led the DJIA, 18 advancers, -4
NWL, ETSY, APA, HPQ led the SPX, 327 advancers
ATVI, EA ABNB, SIRI led the NDX, 76 advancers.
The two-year trend term is sideways. The
one-year trend is up.
Up: QQQ, IWM, SPY, DIA,
Down:
Nine of eleven sectors were higher on Wednesday, led by XLU,
XLB and XLC.
The SPY MFC green
line is pointed down at 89.2 and is counter-trend
defensive. SPY was a gap up breakout,
traded in a range and closed higher.
Uptrend sectors: XLK, XLC,
XLY, XLI, XLF, XLB, XLRE,
Neutral sectors: XLV, XLP, 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
76 of 100 NDX stocks
closed higher on Wednesday.
82
NDX stock are above their 30 DMA: AAPL,
AMZN, ISRG, CSGP, NVDA, CEG, META, VRSK, FTNT,
NFLX, AVGO, TSLA, WDAY, CSCO, ADBE, PANW, NXPI, COST, PDD, ATVI, BKR, CSX,
DXCM, MCHP, ABNB, HON, PCAR, ALGN, SIRI, ADI,
FAST, INTU, ROST, ODFL, IDXX, PYPL, ON, ORLY, DLTR, ADP, CHTR, CMCSA,
EA, EXC, GFS, CTSH, DDOG, MAR, TMUS, WBD, LCID,
AEP, GEHC, PAYX, BKNG, FANG, JD, ADSK,
AMGN, ANSS, CDNS, CPRT, CTAS, EBAY, ENPH, INTC, LULU, MRVL, SBUX, SNPS, TEAM,
TXN, VRTX, XEL, ZM, ASML, LRCX, MRNA, MSFT, PDD, QCOM, SGEN,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 7
ASML, LRCX, MRNA, MSFT, PDD, QCOM,
SGEN,
Moving Below 30 DMA = 4
CRWD, KDP, PEP, ZS,
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