SPX Closed Flat after Trading Lower Following Reports on Ukraine War...Health Care, Energy, Basic Materials Lead Sectors...After-hours: NVDA Lower after Earnings Beat...

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SPX +0.13, 5,917, sold off rapidly near the open after a report that Ukraine fired UK Storm Shadow missiles into Russia. SPX fell -.95% during the first hour of trading, traded in a sideways range over the next four hours, rallied during the final 90 minutes of trading to close slightly higher.

NDX -0.08%, formed a dragonfly doji in its bull flag pattern.  

Fed speakers Wednesday included Michael Barr, Lisa Cook, Michelle Bowman and Susan Collins.

TSLA -3.97, -1.15%, opened $1.00 lower, sold off in the first two hours of trading, recovered to close slightly lower.   

After-hours: NVDA -3.69, -2.53%, reported an earnings and revenue beat, raised guidance and traded lower after the close.  /NQ futures -0.45% in evening trade.

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

SPY up .20 at 590.50, 50.0 million shares, above average volume,

VIX up .81 at 17.16

QQQ down .29 at 503.17

UNH, AMGN, IBM, DIS led the DJIA, 18 advancers, +6         

KEYS, HUM, EQT, SW led the SPX, 311 advancers

CSGP, WBD, TTD, BKR, ABNB led the NDX, 62 advancers

Up:  DIA, IWM, SPY,

Down:  QQQ,

The SPY MFC green line is pointed down at 68.2 and is defensive. -4.2.

Six of eleven sectors were higher on Wednesday, led by XLV, XLE and XLB. 

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

Neutral sectors: XLE,

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: Sideways

62 of 100 NDX stocks closed higher on Wednesday.

53 NDX stocks are above their 30 DMA:  DASH, ADSK, CSCO, BKNG, FAST, TMUS, ADP, MRVL, NVDA, TEAM, PANW, TTWO, EA, ISRG, NFLX, BKR, TSLA, GOOGL, ODFL, CDNS, CHTR, VRSK, WBD, XEL, AMZN, ANSS, CRWD, INTU, ZS, PCAR, COST, CTAS, GFS, INTC, MAR, MDB, WDAY, CPRT, FTNT, HON, PYPL, DXCM, SBUX, ADBE, DDOG, MNST, SNPS, AAPL, CSGP, CMCSA, CTSH, LULU, TTD,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 6

AAPL, CSGP, CMCSA, CTSH, LULU, TTD,

Moving Below 30 DMA = 2

CSX, ORLY,

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