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The SPX +1.32, 5,306, opened slightly higher, traded in a choppy range with three
Fed speakers on today. The SPX
formed a hammer and finished in an eight-day sideways consolidation. The NDX made another new
all-time closing high.
NVDA +74.32, +6.98%, 1,139.01, continued
to soar after Thursday’s post blow away earnings breakout, closing above $1,100
for the first time. The current high
price target is $1,400 by Rosenblatt. Declared
a 10 for 1 split to take effect on June 7.
After-hours:
HOOD, +0.82, +4.01%, AAL -0.84, -6.25%,
This week’s SPX earnings include: A, CRM, HPQ, BBY,
HRL, DG. ULTA, COO, COST, NTAP
Mega caps NVDA, GOOGL, AMZN,
META, MSFT, AAPL rose and TSLA fell on Tuesday.
SPY up .37 at 529.81 on 36.2 million shares, below average volume.
VIX up .99 at 12.92
QQQ up 1.73 at 459.68
HD, INTC, CVX, AMZN led the DJIA, 10 advancers, -9
NVDA, RL, DECK, FCX, VST led the SPX, 132 advancers
NVDA, ASML, AMD, MU led the NDX, 43 advancers
Up: QQQ, SPY,
Down: IWM, DIA,
Three of eleven sectors were higher on Tuesday, led by XLE,
XLK and XLC. The SPY
MFC green line is pointed down at 91.8 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.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Sideways
43 of 100 NDX stocks
closed higher on Tuesday.
55 NDX stocks are above their 30
DMA: AZN,
GOOGL, KDP, AEP, PANW, PDD, MRNA, CCEP, MCHP, TXN, NXPI, TSLA, BIIB, COST, AMGN,
TTD, VRSK, AAPL, ADI, MELI, ON, QCOM, REGN, AMAT, BKNG, CEG, CRWD, KLAC, NVDA, FANG,
HON, NFLX, SNPS, VRTX, AVGO, IDXX, ISRG, MSFT, CHTR, MU, TSLA, AMD, BKR, MRVL,
ROP, TMUS, TTWO, EA, LRCX, CDW, ANSS, META, ROST,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 7
ADP, CTAS, CTSH, DDOG, GFS, PAYX, PEP,
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