SPX, NDX Close Lower...All Sectors Close Lower as Breadth Turns Negative...NVDA All-time High...CRM, A Lower after Earnings...

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The SPX -39.09, 5,266, gapped down as futures fell overnight and traded in a range closing slightly higher than its open but below Tuesday’s low.  The NDX closed -0.70%.

NVDA +9.24, +0.81%, 1,148.25, opened lower found support after about 15 minutes, rallied back to even before closing at a new all-time high.  10 for 1 split to take effect on June 7.

After-hours earnings reactions: HPQ, +0.70, +2.14%, CRM -43.52, -16.02%,

A -19.50, -13.40% 

This week’s SPX earnings include A, CRM, HPQ, BBY, HRL, DG. ULTA, COO, COST, NTAP.

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

SPY down 3.71 at 526.10 on 45.1 million shares, below average volume.

VIX up 1.36 at 14.28

QQQ down 3.24 at 456.44

CRM, AAPL, JNJ led the DJIA, 3 advancers, -7

MRO, UHS, UAL, UBER led the SPX, 55 advancers 

TTWO, LULU, ROST, PDD led the NDX, 18 advancers

Up: 

Down:  SPY, QQQ, DIA, IWM,

All eleven sectors were lower on Wednesday, with XLC, XLK and XLY down the least. 

The SPY MFC green line is pointed down for a fifth day at 88.3 and is counter-trend defensive.

Uptrend sectors:  XLU, XLP, XLK, XLI, XLF, XLC, XLB, XLE,

Neutral sectors:  XLY, XLV, XLRE,

Down trend sectors: 

The 6-month intermediate trend is up.  The ten-day trend is up a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

18 of 100 NDX stocks closed higher on Wednesday.

49 NDX stocks are above their 30 DMA:  AZN, GOOGL, KDP, PANW, PDD, MRNA, MCHP, TXN, NXPI, TSLA, COST, AMGN, TTD, VRSK, AAPL, ADI, MELI, ON, QCOM, REGN, AMAT, BKNG, CEG, CRWD, KLAC, NVDA, FANG, NFLX, SNPS, VRTX, AVGO, ISRG, MSFT, CHTR, MU, TSLA, AMD, BKR, MRVL, ROP, TMUS, TTWO, EA, LRCX, CDW, META, ROST,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 6

AEP, ANSS, BIIB, CCEP, HON, IDXX,

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