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The SPX +20.78, 5,455, opened
slightly higher, after an inline CPI inflation report, traded in a range and closed
slightly higher. CPI Report Y/Y
2.9% vs 3.0 consensus, core CPI 3.2% vs 3.2% consensus. The VIX opened lower and continued to
fall into the middle of its range over the previous 11 ½ months.
The NDX +0.09%, opened
flat, traded in a range as weakness in mega-caps TSLA, GOOGL and META
weighed on NDX100 and closed fractionally higher.
K +5.78, +7.76%, leads the SPX after buyout offer from Mars for
$83.50 a share.
After-hours: CSCO +2.61, +5.74%, after better-than-expected Q4 EPS and revenue report.
Mega caps NVDA, MSFT, AAPL rose
and AMZN, META, GOOGL, TSLA fell on Wednesday.
SPY up 1.71 at 543.75, 42.3 million shares, below average volume, C-pattern setup
VIX down 1.93 at 16.19
QQQ up .15 at 462.73
AXP, HD, TRV, GS led the DJIA, 23 advancers, -2
K, PGR, ALL, SCHW led the SPX, 300 advancers
CRWD, ZS, MU, WDAY led the NDX, 54 advancers
Up: DIA, SPY, QQQ,
Down: IWM,
Seven of eleven sectors were higher on Wednesday,
led by XLF, XLE and XLK.
The SPY MFC green line is
pointed up at 47.8 and is short-term bullish.
Uptrend sectors: XLV, XLP,
XLRE, XLU, XLF, XLI, XLC, XLB, XLK,
Neutral sectors: XLE, XLY,
Down trend sectors:
The 6-month intermediate
trend is up. The ten-day trend is down.
3-month Intermediate Term Market
Trend: Up a little
3-day Short Term Market Trend: Up
54 of 100 NDX stocks
closed higher on Wednesday.
39 NDX stocks are above their 30
DMA: CHTR,
EA, CTAS, GILD, AEP, CTSH, ILMN, ADP, PAYX, EXC, XEL, KHC, PEP, ORLY, MDLZ, KDP,
PYPL, AZN, DASH, TMUS, MELI, ISRG, FTNT, PDD, REGN, GEHC, LIN, META, COST,
PANW, TTD, SBUX, ADSK, ANSS, CCEP, NFLX, AVGO, KLAC, NVDA,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 3
AVGO, KLAC, NVDA,
Moving Below 30 DMA = 4
CMCSA, IDXX, INTU, ODFL,
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