New Year's Eve Rally Fizzles...SPX, NDX, DJI Closed Lower, RUT +2.38 Higher...Energy, Real Estate, Materials Lead Sectors...Happy New Year...

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Happy New Year!  Markets are closed on Wednesday, January 1, 2025, for the New Year’s holiday.  Relax and Enjoy!  Markets open on Thursday January 2^nd.

SPX -25.31, 5,881.  

The DJI, 42,544, closed -0.07% lower.  The RUT closed +2.38, +0.11% higher.

NDX -0.87%, closed below Monday’s low.

TSLA -13.57, -3.25%, sold off for a fourth day after rising +31.68 last Tuesday. 

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

SPY down 2.14 at 586.06, 57.0 million shares, above average volume

VIX down .05 at 17.345,

VIX1D down 1.26 at 15.30,

QQQ down 4.38 at 511.23

NKE, CVX, MRK, VZ led the DJIA, 16 advancers, +15           

MRNA, APA, MPC, LW led the SPX, 298 advancers

PDD, BIIB, FANG, REGN led the NDX, 33 advancers

Up:  IWM,

Down:  DIA, SPY, QQQ,

The SPY MFC green line is pointed down at 47.8 and is short-term bearish. -6.2.

Six of eleven sectors were higher on Tuesday, led by XLE, XLRE and XLB. 

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

Neutral sectors:  XLE,

Down trend sectors: XLB, XLV,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

33 of 100 NDX stocks closed higher on Tuesday.

11 NDX stocks are above their 30 DMA:  MRVL, TSLA, AMZN, LULU, AAPL, AVGO, GOOGL GILD, CSCO, PLTR, ROST, 

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 2

DXCM, NFLX,

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