SPX, NDX Close Higher, Form Bull Flag Setup...Utilities, Financial, Real Estate Lead Sectors Higher...NVDA Bounces Back...Q3 EPS Continue...

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The SPX +27.21, 5,842, opened flat, trended up, formed a piercing line candle and bull flag setup.  The SPX closed above 5,800 for the fourth time. 

The NDX +0.07%, opened flat, trended down, reversed, rallied and formed a hammer in a bull flag setup.  The NDX is also re-breakout setup.

NVDA +4.12, +3.13%, opened higher, traded in a range and closed higher in a bull flag setup and a horizontal re-breakout.  

First day reaction: Q3, Wednesday

Positive:  UAL, SYF, USB, PLD, JBHT, ABT, OMC, WBA, SCHW, PNC, JNJ, FAST, WFC, JPM, BLK, = 15

Neutral:  STT, BAC, PGR, UNH = 4

Negative:  CFG, BK, DAL, DPZ = 4

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

SPY up 2.52 at 582.30, 30.6 million shares, below average volume, moved above, Oct 14, the low of the high day

VIX down 1.06 at 19.58

QQQ up .06 at 490.91

CSCO, V, UNH, DIS led the DJIA, 21 advancers, +6

UAL, DAL, MS, WBA led the SPX, 358 advancers

WBD, CEG, MU, DXCM, NVDA led the NDX, 54 advancers

Up:   IWM, DIA, SPY, QQQ,

Down: 

Nine of eleven sectors were higher on Wednesday, led by XLU, XLF and XLRE.

The SPY MFC green line is pointed down at 94.7 and is short-term bullish, -1.0, because price moved above the low of the high day, Oct. 14.

Uptrend sectors:   XLC, XLI, XLU, XLF, XLB, XLY, XLK, XLP, XLRE, XLV,

Neutral sectors: XLE,

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 a little

54 of 100 NDX stocks closed higher on Wednesday.

68 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, PYPL, DASH, FTNT, GEHC, TTD, ADSK, CSCO, BKNG, MAR, FAST, ARM, AVGO, CEG, CRWD, META, PCAR, ABNB, INTC, BKR, CMCSA, DDOG, CPRT, GOOGL, TMUS, ORLY, PDD, MU, SNPS, ADP, ILMN, MRVL, NVDA, LULU, TEAM, SMCI, AAPL, ANSS, HON, PANW, ZS, AMZN, CSX, ODFL, QCOM, TTWO, MNST, VRTX, EXC, GFS, LIN, PEP, ROP, CHTR, CSGP, CTSH, EA, VRSK, ADI, DXCM, FANG, WBD, XEL,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 5

ADI, DXCM, FANG, WBD, XEL,

Moving Below 30 DMA = 5

CDNS, COST, MDB, NFLX, SNPS,

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