TSLA Leads NDX, SPX as Indexes Bounce on Wednesday...Consumer Discretionary, Technology Lead Sectors...

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TSLA led both the NDX and SPX on Wednesday.  Monday and Wednesday rose while Tuesday moved lower.  Net change capital for the three days was positive and indicates that there was net rotation in of institutional money for the three days.

Breadth was positive.

Mega caps TSLA, GOOGL, AMZN, MSFT, META, NVDA, AAPL rose on Wednesday.

SPY up 3.07 at 424.66, on 87.4 million shares, above average volume, closed higher on lower volume. 

VIX down -1.20 at 18.58

QQQ up 4.83 at 359.752

MSFT, AMGN, WMT, AXP led the DJIA, 22 advancers, 14

TSLA, MKTX, NCLH, MLM, AAL led the SPX, 373 advancers

TSLA, AMD, TTD, SIRI led the NDX, 90 advancers.

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

Up:  QQQ, SPY, DIA, IWM,

Down: 

Nine of eleven sectors were higher on Wednesday, led by XLY, XLK and XLB.

The SPY MFC green line is pointed up at 14, is short-term bullish SPY opened higher, closed higher and formed a bullish harami candle pattern.

Uptrend sectors:   XLE, XLC, XLF,

Neutral sectors:  XLV, XLK,

Down trend sectors: XLY, XLI, XLU, XLB, XLRE, XLP,

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

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down

90 of 100 NDX stocks closed higher on Wednesday.

19 NDX stocks are above their 30 DMA:  SGEN, PDD, CRWD, COST, META, SIRI, CSX, AMD, AMGN, EA, GEHC, GFS, GOOGL, PCAR, INTC, SNPS, TSLA, VRTX, ZS,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 12

AMD, AMGN, EA, GEHC, GFS, GOOGL, PCAR, INTC, SNPS, TSLA, VRTX, ZS,

Moving Below 30 DMA = 0

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