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The SPX +61.47, 5,308, closed at a new all-time closing high as did the NDX,
SPY, QQQ and many other stocks. The SPX
closed above 5,300 for the first time ever.
Today the SPX moved higher after the CPI was inline with estimates. Core CPI M/M 0.3% vs 0.3% est. and
Y/Y 3.6% vs. 3.6% est. and down from 3.8% last month.
NVDA +32.74, +3.58%, 946.30, opened higher, trended higher and closed higher.
This week’s SPX earnings include HD, CSCO, WMT, DE, AMAT,
TTWO, CPRT
Mega caps NVDA, META, MSFT, GOOGL,
AAPL rose and AMZN, TSLA fell on Wednesday.
SPY up 6.48 at 529.78 on 59.5 million
shares, below average volume
VIX down .97 at 12.45
QQQ up 6.97 at 452.90
CRM, AMGN, HD MRK led the DJIA, 17 advancers, +4
SMCI, DHI, MTX, VST led the SPX, 356 advancers
IDXX, MDB, TTD, AMD led the NDX, 75 advancers
Up: QQQ, IWM, SPY, DIA,
Down:
All eleven sectors were higher on Wednesday, led by XLK,
XLRE and XLU.
The SPY
MFC green line is pointed up at 91.8 and is short-term bullish.
Uptrend sectors: XLU, XLP,
XLI, XLF, XLC, XLB, XLE, XLK,
Neutral sectors: XLY, XLV, XLRE,
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: Up
75 of 100 NDX stocks
closed higher on Wednesday.
70 NDX stocks are above their 30
DMA: AZN,
GOOGL, KDP, XEL, PEP, AEP, EXC, MDLZ, PANW, PDD, MRNA, CCEP, MCHP, TXN, NXPI,
TSLA, BIIB, COST, AMGN, TTD, VRSK, AAPL, ADI, AMZN, MELI, ON, QCOM, REGN, AMAT,
BKNG, CEG, CRWD, CTAS, INTU, KLAC, NVDA, FANG, GFS, HON, NFLX, SNPS, VRTX, AVGO,
ADP, BKR, IDXX, ISRG, MSFT, PAYX, CHTR, MU, CSCO, GILD, MDB, TSLA, ADBE, AMD,
ANSS, ASML, BKR, CDNS, CPRT, CTSH, LRCX, META, MRVL, ROP, TMUS, TTWO, ZS,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 15
ADBE, AMD, ANSS, ASML, BKR, CDNS, CPRT,
CTSH, LRCX, META, MRVL, ROP, TMUS, TTWO, ZS,
Moving Below 30 DMA = 4
CMCSA, MNST, WBA, WBD,
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