Broad Rally on Christamas Eve...Consumer Discretionary, Financial and Technology Led All Sectors Higher...Merry Christmas...

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Markets are closed on Christmas Day.  We wish you a Merry Christmas!  May the Spirit of Love, Kindness, Peace and Joy be with you and your loved ones.

SPX +65.97, 6,040.  Christmas Eve was a strong and broad rally in a half day of trading.  The DJI, 43,297, closed higher for a fourth day.  The RUT closed higher.

NDX +1.37% closed higher forming a bull flag bounce.

TSLA +31.68, +7.36%, bounce in a bull flag pattern and formed a large white candle.

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

SPY up 6.61 at 601.30, 33.1 million shares, below average volume on half day of trading

VIX down 2.51 at 14.27,

VIX1D down 4.58 at 8.86,

QQQ up 7.09 at 529.96

WMT, GS, AMZN, JPM led the DJIA, 28 advancers, +12      

TSLA, SMCI, AVGO, ALGN led the SPX, 456 advancers

MSTR, TSLA, ARM, AVGO led the NDX, 93 advancers

Up:  QQQ, SPY, IWM, DIA,

Down: 

The SPY MFC green line is pointed down at 41.5 and is short-term bearish. -3.2.

All eleven sectors were higher on Tuesday, led by XLY, XLF and XLK. 

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

Neutral sectors:  XLE,

Down trend sectors: XLB, XLV,

The 6-month intermediate trend is up.  The ten-day trend is down a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

93 of 100 NDX stocks closed higher on Tuesday.

31 NDX stocks are above their 30 DMA:  MRVL, NFLX, TSLA, WBD, AMZN, LULU, AAPL, MSFT, ASML, AVGO, GOOGL APP, CRWD, DXCM, FTNT, GILD, AZN, CSCO, GFS, KLAC, META, NVDA, PLTR, ADI, CDNS, MAR, ON, PYPL, QCOM, ROST, WDAY,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 8

ADI, CDNS, MAR, ON, PYPL, QCOM, ROST, WDAY,

Moving Below 30 DMA = 0

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