SPX Closes Lower after Last Hour Selloff...Utilities Lead Sectors as Technology, Consumer Discretionary Move Lower...

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The SPX -33.53 opened lower, rallied, traded in a range, pulled back, rallied until 2 pm, traded in a range for an hour after FOMC minutes were released, and started selling off aggressively at 3 pm and closed lower.

Mega caps MSFT, AAPL, GOOG, NVDA, AMZN, META, TSLA fell.

SPY down 3.25 at 439.64, on 80.1 million shares, above average volume, close lower on higher volume.  

VIX up .32 at 16.78

QQQ down 3.88 at 362.54

TRV, HD, MRK, WMT led the DJIA, 6 advancers, +4

PGR, MKTX, ALL, TJX led the SPX, 111 advancers

MRNA, DDOG, KDP, ROST led the NDX, 16 advancers.

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

Up: 

Down:  DIA, SPY, QQQ, IWM,

Ten of eleven sectors were lower on Wednesday, led by XLU and small declines in XLF and XLP. 

The SPY MFC green line is pointed down at 35 and is short-term bearish.  SPY opened lower, sold off about an hour after FOMC Minutes were released and closed lower.

Uptrend sectors:   XLE, XLV, XLC, XLF, XLI, XLY, XLB, XLK,

Neutral sectors:  XLRE, XLP, 

Down trend sectors: XLU,

The 6-month intermediate trend is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

16 of 100 NDX stocks closed higher on Wednesday.

31 NDX stock are above their 30 DMA:  CEG, VRSK, COST, BKR, INTU, ROST, ODFL, ADP, CHTR, CMCSA, MAR, PAYX, BKNG, FANG, AMGN, KDP, CSCO, GOOGL, REGN, AZN, CTSH, LULU, MELI, WBD, AMZN, GILD, TEAM, MNST, ALGN, WDAY, ORLY,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 5

ADBE, ADSK, INTC, KLAC, SGEN,

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