SPX Gaps Higher, Fills the Gap, Closes Lower...Real Estate, Financials Lead Sectors...NTAP leads SPX, WDAY leads NDX...CRM Up After-hours on Positive EPS Reaction...

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The SPX -4.31 gapped higher, filled the gap, traded in a narrow range, closed slightly lower on light volume and formed a dark cloud cover candle.  NTAP, WDAY, CRWD, NET, PANW, BX and W were among Wednesday’s leading gainers.

Fed speakers today included Barkin, Mester and Bostic.

After-hours:  CRM +20.15, +8.75% on a positive EPS reaction.

Thursday, 8:30 am ET, PCE Index will be released, consensus M/M 0.1%, Y/Y 3.1%.

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

SPY down .38 at 454.61 on 63.10 million shares, below average volume, closed lower on slightly higher volume. 

VIX up .29 at 12.98.

QQQ down .38 at 389.81

CRM, INTC, GS, NKE led the DJIA, 17 advancers, -5

NTAP, GM, SCHW, HPE led the SPX, 286 advancers 

WDAY, CRWD, ILMN, DLTR led the NDX, 51 advancers.

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

Up:  IWM, DIA,

Down:  SPY, QQQ

Six of eleven sectors were higher on Wednesday, led by XLRE, XLF and XLB.

The SPY MFC green line is sideways at 96 and is short-term bullish.  SPY opened higher and closed slightly lower.

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

51 of 100 NDX stocks closed higher on Wednesday.

84 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, MRNA, ADSK, LCID, TEAM, ALGN, AZN, FTNT, REGN,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 4

ALGN, AZN, FTNT, REGN,

Moving Below 30 DMA = 1

EXC,

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