SPX Closes Lower on Tuesday...Breadth Weakens on Light Volume...Energy, Technology, Consumer Discretionary Lead Sectors...TSLA Bounces Back...

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The SPX -18.94 opened flat, traded in a range and closed lower as trading resume after the 3-day Labor Day weekend.

Breadth weakened on Tuesday and turned slightly negative.

NVDA 485.48, traded in a narrow range on Tuesday.

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

SPY down 1.95 at 449.24, on 55.1 million shares, below average volume, closed lower on lower volume.  

VIX up .92 at 14.01

QQQ up .48 at 378.07

MSFT, CVX, UNH, CVX led the DJIA, 8 advancers, -12

TSLA, FTI, HAL, ORCL, OXY led the SPX, 87 advancers

ABNB, TSLA, ZS, CRWD led the NDX, 36 advancers.

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

Up:  QQQ,

Down:  SPY, DIA, IWM,

Three of eleven sectors were higher on Tuesday, led by XLE, XLK and XLY. 

The SPY MFC green line is pointed up at 65 and is short-term bullish.  SPY opened flat, traded in a range, 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 up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down a little

36 of 100 NDX stocks closed higher on Tuesday.

50 NDX stocks are above their 30 DMA:  CEG, ROST, ADP, FANG, AMGN, CSCO, GOOGL, REGN, CTSH, NVDA, ODFL, BKR, INTU, SGEN, VRSK, ADBE, ALGN, AMAT, CDNS, TEAM, WDAY, BKNG, CTAS, KLAC, MELI, PANW, SNPS, AMZN, INTC, LRCX, MU, NFLX, ORLY, PDD, AAPL, ANSS, EBAY, ISRG, ON, ZM, ZS, CRWD, LULU, CSGP, MSFT, ABNB, AMD, QCOM TSLA, TTD,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 5

ABNB, AMD, QCOM TSLA, TTD,

Moving Below 30 DMA = 7

CHTR, CMCSA, MAR, MRNA, NXPI, TMUS, VRTX,

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