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The SPX +33.92, 5,509, opened
higher, trended up, closed higher and formed a bullish engulfing pattern. The SPX closed above 5,500 for the first
time at an all-time new closing high. The
NDX +1.01% closed at a new all-time closing high.
NVDA -1.63, -1.31%, 122.67, formed a white candle from the
lower open.
MU +1.07, +0.81%, opened lower, closed higher and formed a small bullish
engulfing pattern. Buyers were in
control after three days of selling. A channel bounce.
Mega caps TSLA, META, AAPL, AMZN,
MSFT, GOOGL, rose and NVDA fell on Tuesday.
SPY up 3.67 at 549.01, 40.4 million shares, below average volume.
VIX down .19 at 12.03
QQQ up 5.06 at 486.98
V, JPM, AAPL, AMZN led the DJIA, 17 advancers, +2
TSLA, PARA, GNRC, SMCI led the SPX, 338 advancers
TSLA, ON, AMD, ARM led the NDX, 75 advancers
Up: QQQ, SPY, DIA, IWM,
Down:
Nine of eleven sectors were higher on Tuesday, led by XLY,
XLF and XLC.
The SPY
MFC green line is pointed up at 87 and is short-term bullish.
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 sideways.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Up a little
75 of 100 NDX stocks
closed higher on Tuesday.
63 NDX stocks are above their 30
DMA: GOOGL,
TSLA, COST, TTD, VRSK, AAPL, REGN, AMAT, BKNG, KLAC, NVDA, FANG, NFLX, SNPS,
VRTX, ISRG, CHTR, TMUS, EA, ROST, HON, META, ROP, MSFT, AVGO, CRWD, LRCX, ZS, CTAS,
PANW, ORLY, ADSK, MAR, TSLA, ADBE, ABNB, AMGN, AMZN, BKR, CTSH, GILD, INTU, CSCO,
DDOG, FANG, ARM, TEAM, BIIB, FTNT, CSX, INTC, ODFL, WDAY, AMD, ANSS, CPRT,
GFS, ON, TXN, = 59
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 6
AMD, ANSS, CPRT, GFS, ON, TXN,
Moving Below 30 DMA = 0
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