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The SPX +21.43, 5,469, opened higher, traded in a range as Fed speakers Bowman and
Cook shared their opinions and generated market fluctuation, and closed higher
recovering all of Monday’s modes selloff.
The SPX closed above 5,400 for the nineth day. The NDX +1.16% closed
higher due to strength in NVDA, Mega Cap and semiconductor stocks.
NVDA +7.98, +6.76%, 126.09, bounced in a re-BO and bull flag price
pattern. BofA Securities added to Best
of Breed list and reiterates price target of $150.
AVGO -11.42, -0.72%, pulled back for a
fifth day still forming a bull flag price pattern. It has a 10 for 1 stock split on July
15.
Mega caps NVDA, GOOGL, TSLA, META,
MSFT, AAPL, AMZN rose on Tuesday.
SPY up 2.09 at 544.83, 38.2 million shares, below average volume.
VIX down .49 at 12.84
QQQ up 5.42 at 479.38
CRM, MSFT, INTC, AAPL led the DJIA, 8 advancers, -14
CCL, NVDA, NCLH, RCL, HPE led the SPX, 112 advancers
NVDA, ARM, MELI, ISRG led the NDX, 56 advancers
Up: QQQ, SPY,
Down: IWM, DIA,
Three of eleven sectors were higher on Tuesday, led by XLK,
XLC and XLE.
The SPY
MFC green line is pointed down at 87.1 and is counter-trend defensive.
Uptrend sectors: XLK,
XLC, XLU, XLP, XLF, XLB, XLI, XLE,
Neutral sectors: XLV, XLRE, XLY,
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
56 of 100 NDX stocks
closed higher on Tuesday.
66 NDX stocks are above their 30
DMA: AZN,
GOOGL, TSLA, COST, TTD, VRSK, AAPL, ADI, REGN, AMAT, BKNG, KLAC, NVDA, FANG, NFLX,
SNPS, VRTX, ISRG, CHTR, MU, TMUS, EA, ROST, HON, CMCSA, META, ROP, SBUX, MSFT,
AVGO, CRWD, LIN, LRCX, ZS, ILMN, CTAS, PANW, LIN, ORLY, ADSK, MAR, TSLA, ADBE,
ABNB, CPRT, KDP, PAYX, AMGN, AMZN, BKR, CTSH, GILD, INTU, ADP, CCEP, CSCO,
DDOG, TTWO, FANG, ILMN, ARM, CEG, GEHC, GFS, TEAM,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 4
CEG, GEHC, GFS, TEAM,
Moving Below 30 DMA = 2
CDW, ODFL,
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