SPX Closes Slightly Lower in Light Volume Narrow Range Day...Real Estate, Consumer Discretionary, Financial Lead Sectors...PCE Report Thursday morning BMO...

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The SPX -8.42 opened flat, traded in a narrow range on light volume, closed slightly lower, formed a spinning top in a bull flag price pattern.

PCE inflation report Thursday at 8:30 am ET BMO.

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

SPY down .67 at 506.26 on 56.5 million shares, below average volume, closed lower on higher volume. 

VIX up .41 at 13.84

QQQ down 2.33 at 435.27

DIS, HD, TRV, AAPL led the DJIA, 18 advancers, +2

NCLH, CEG, CCL, AZO, ALB led the SPX, 255 advancers 

CEG, TTD, AEP, PANW led the NDX, 30 advancers

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

Up:  

Down:  DIA, SPY, QQQ, IWM,

Seven of eleven sectors were up on Wednesday, led by XLRE, XLY and XLF

The SPY MFC green line turned up at 92.7 and is short-term bullish.

Uptrend sectors:  XLI, XLF, XLY, XLB, XLV, XLP, XLK, XLC, XLRE,

Neutral sectors:  XLE, XLU,

Down trend sectors: 

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: Down a little

30 of 100 NDX stocks closed higher on Wednesday.

60 NDX stocks are above their 30 DMA:  CTAS, ROST, COST, ISRG, REGN, AVGO, META, SPLK, ADP, ADSK, NVDA, AMZN, DASH, LRCX, MSFT, NFLX, CDNS, ORLY, AMAT, ASML, CDW, FAST, INTU, KLAC, PCAR, ABNB, SNPS, CEG, CSX, DLTR, ODFL, IDXX, NXPI, GEHC, PAYX, ON, QCOM, TTD, EA, FANG, AEP, CTSH, MAR, CCEP, EXC, TMUS, AMD, CPRT, CRWD, DDOG, FTNT, MDB, MU, AZN, CSGP, TSLA, MNST, ILMN, MRNA,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 2

ILMN, MRNA,

Moving Below 30 DMA = 8    

ANSS, BKR, LULU, MRVL, SBUX, TXN, VRTX, ZS,

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