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The SPX -17.84 opened higher, reversed closing lower in a 10-day horizontal
channel. Trading opened at resistance,
reversed and was an intraday downtrend closing nearer to short-term support. CCL, NAIL, SQ, RCL, UPST, UAL and UBER
were among Wednesday’s leading gainers.
Jobs Report Friday 8:30 am ET before the market open.
Mega caps TSLA rose and META, AAPL, GOOGL, MSFT, AMZN, NVDA fell on Wednesday.
SPY down 1.84 at 454.76 on 69.0 million shares, near average volume, closed lower
on slightly lower volume.
VIX up .12 at 12.97
QQQ down 2.24 at 385.05
WBA, BA, MMM, HD led the DJIA, 11 advancers, -3
CPB, CCL, BBWI, ALB led the SPX, 275 advancers
LCID, ZM, MRNA, PYPL led the NDX, 45 advancers.
The two-year trend term is sideways. The
one-year trend is up.
Up:
Down: IWM, DIA, SPY, QQQ,
Four of eleven sectors were higher on Wednesday, led by XLU,
XLI and XLY.
The SPY
MFC green line is sideways at 94.6 and is short-term bullish. SPY opened higher, reversed and closed
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 sideways.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Down a little
45 of 100 NDX stocks
closed higher on Wednesday.
75
NDX stocks are above their 30 DMA: FAST,
MSFT, LULU, DLTR, ORLY, INTC, AEP, AMZN, CRWD, CTAS, ROST, TMUS, ADBE, ASML, DXCM,
KDP, KLAC, MDLZ, MELI, SNPS, AMD, HON, MNST, PEP, QCOM, AAPL, AMAT, EA, KHC,
LRCX, COST, CSGP, PCAR, PDD, WDAY, ZS, BKNG, DDOG, INTU, MAR, ADI, IDXX, ISRG,
MCHP, PAYX, ABNB, CSX, CTSH, NXPI, PYPL, TMUS, TXN, XEL, ZM, JD, WBD,
ADP, ENPH, PANW, EBAY, MRNA, ADSK, TEAM, ALGN, REGN, AMGN, GILD,
ILMN, ON, SGEN, BIIB, EXC, LCID, WBA,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 4
BIIB, EXC, LCID, WBA,
Moving Below 30 DMA = 8
AZN, CDNS, CPRT, MU, NFLX, NVDA, ODFL,
VRSK,
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