SPX Closes Above 5,400, a New All-time Closing High...NDX, APPL All-time Closing High...Technology, Consumer Discretionary Lead Sectors...After-hours: AVGO Soars on EPS Beat, AI Revenues...

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The SPX +45.71, 5,421, opened higher, trended up, after a better-than-expected CPI report, closed above 5,400 for the first time at a new all-time closing high. The NDX +1.33% also made a new all-time closing high. Breadth strengthened on Wednesday.

Futures soared pre-market as the CPI report BMO was better-than-expected: Core M/M 0.2% vs 0.3%, Y/Y 3.4% vs 3.5%.

The FOMC announcement of no change was as expected, and the press conference reaction was neutral as early gains were maintained.

NVDA +4.29, +3.55%, 125.20, opened and closed higher.

After-hours:  AVGO +220.79, +14.76%, beat earnings and revenue estimates and said revenues from AI was $3.1 billion.

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

SPY up 4.41 at 541.36 on 63.2 million shares, above average volume.

VIX down 0.81 at 12.04

QQQ up 6.13 at 474.15

AAPL, HD, MSFT, GS led the DJIA, 8 advancers, -4

ORCL, SWKS, EFX, GEV led the SPX, 296 advancers 

TTD, ADSK INTU, MU led the NDX, 62 advancers

Up:  IWM, QQQ, SPY,

Down:  DIA,

Five of eleven sectors were higher on Wednesday, led by XLK, XLY and XLI.

The SPY MFC green line is turned down slightly at 96.2 and is short-term bullish.

Uptrend sectors:  XLU, XLP, XLC, XLK, XLI, XLF, 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: Up

62 of 100 NDX stocks closed higher on Wednesday.

65 NDX stocks are above their 30 DMA:  AZN, GOOGL, PDD, MRNA, TXN, NXPI, TSLA, COST, TTD, VRSK, AAPL, ADI, ON, QCOM, REGN, AMAT, BKNG, KLAC, NVDA, FANG, NFLX, SNPS, VRTX, ISRG, CHTR, MU, TMUS, TTWO, EA, CDW, ROST, BIIB, HON, CCEP, CMCSA, META, ROP, SBUX, MSFT, AVGO, CRWD, LIN, LRCX, ZS, AMZN, ILMN, CEG, CTAS, IDXX, PANW, CDW, LIN, ORLY, PAYX,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 11

ABNB, ADSK, AMD, ANSS, DASH, DDOG, FTNT, MAR, MCHP, MRVL, TSLA,

Moving Below 30 DMA = 6

ADP, ILMN, INTC, PYPL, WBD, XEL,

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