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The SPX +4.66 opened slightly lower, traded in a narrow range and closed slightly
higher on light volume. PDD, W, SQ,
ROKU, PANW, DDOG, ETSY and BA were among Tuesday’s leading gainers.
Fed speakers today included Goolsbee, Waller, Bowman and
Barr.
Thursday, 8:30 am ET, PCE Index will be released, consensus M/M
0.1%, Y/Y 3.1%.
Mega caps TSLA, META, MSFT, GOOGL,
AAPL rose and AMZN, NVDA fell on Tuesday.
SPY up .45 at 454.93 on 62.0 million shares, below average volume, closed higher
on higher volume.
VIX unchanged at 12.69.
QQQ up 1.02 at 390.19
MMM, BA, WMT, DOW, MSFT led the DJIA, 22 advancers, +12
NEM, SYF, CCI, PYPL led the SPX, 229 advancers
PDD, LCID, TSLA, TEAM led the NDX, 42 advancers.
The two-year trend term is sideways. The
one-year trend is up.
Up: QQQ, DIA, SPY,
Down: IWM,
Eight of eleven sectors were higher on Tuesday, led by XLY, XLRE
and XLP.
The SPY
MFC green line is sideways at 96.7 and is short-term bullish. SPY opened flat and closed slightly
higher.
Uptrend sectors: XLC,
XLK, XLF, XLY, XLE,
Neutral sectors: XLI, XLB, XLV, XLU, XLRE,
Down trend sectors: XLP,
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: Sideways
42 of 100 NDX stocks
closed higher on Tuesday.
81
NDX stocks are above their 30 DMA: FAST,
MSFT, LULU, NFLX, DLTR, ORLY, INTC, AEP, AMZN, CEG, CRWD, CTAS, ROST, TMUS, ADBE,
ASML, CDNS, DXCM, KDP, KLAC, MDLZ, MELI, SNPS, AMD, AVGO, HON, META, MNST, MU,
PEP, QCOM, SIRI, AAPL, AMAT, CPRT, EA, KHC, LRCX, NVDA, SBUX, COST, CSGP, PCAR,
PDD, WDAY, ZS, BKNG, DDOG, INTU, MAR, MRVL, VRSK, ADI, ANSS, IDXX, ISRG, MCHP,
PAYX, ABNB, CSX, CTSH, GFS, GOOGL, NXPI, PYPL, TMUS, TXN, XEL, ZM, JD, WBD,
ADP, ENPH, PANW, EBAY, EXC, MRNA, ADSK, LCID, TEAM,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 3
ADSK, LCID, TEAM,
Moving Below 30 DMA = 3
GEHC, ODFL, SGEN,
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