© 2023
The SPX +63.39 opened slightly
higher after a positive PPI report, traded in a range and soared after the FOMC
announcement left rates unchanged and indicated lower rates in 2024. UPST, NAIL, W, BX, FAS, NFLX and HD
were among Wednesday’s leading gainers.
Mega caps AAPL, TLSA, AMZN, NVDA,
META, GOOGL rose, and MSFT fell on Wednesday.
SPY up 6.40 at 470.50 on 93.2 million
shares, above average volume, closed higher on higher volume.
VIX up .12 at 12.19
QQQ up 5.07 at 403.74
WBA, HD, DOW, GS led the DJIA, 27 advancers,
RVTY, ZION, ALB, BXP led the SPX, 456 advancers
VRTX, ENPH, ILMN, TEAM led the NDX, 92 advancers.
The two-year trend term is sideways. The
one-year trend is up.
Up: IWM, DIA, SPY, QQQ,
Down:
All eleven sectors were higher on Wednesday, led by XLU, XLRE and XLV.
The SPY
MFC green line is sideways at 99 and is short-term bullish. SPY opened higher and closed higher.
Uptrend sectors: XLC,
XLK, XLF, XLY, XLE, XLI, XLRE,
Neutral sectors: XLV, XLB, XLU,
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: Up
92 of 100 NDX stocks
closed higher on Wednesday.
92 NDX stocks are above their 30 DMA: FAST,
MSFT, LULU, DLTR, INTC, AEP, AMZN, CRWD, CTAS, ROST, TMUS, ADBE, ASML, DXCM,
KDP, KLAC, MDLZ, MELI, SNPS, AMD, HON, 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, WBA, AVGO, CMCSA, NFLX, MRVL, MU, ANSS, CDNS, CPRT, FTNT, GEHC, GFS, MNST,
PEP, SIRI, VRSK, AZN, META, NVDA, ORLY, LCID, VRTX,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 2
LCID, VRTX,
Moving Below 30 DMA = 0
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