©
2024
SPX -23.47, 6,050, pulled back to Friday’s close. The DJI closed lower at 43,449,
pulled back for a ninth day (just -3.47% in those nine days), reportedly for the first
time since 1978. The RUT closed
lower.
NDX -0.43% pulled
back to Monday’s S1 support after a new all-time closing high.
Fed interest
rate announcement Wednesday 2 pm and press conference 2:30 pm ET.
TSLA +16.84, +3.64%, made
a new all-time closing high.
SMCI +0.36, +1.08%, rallied
after Monday’s selloff.
SMCI will be removed from the NDX 100
before the open on Dec. 23 along with MRNA and ILMN. PLTR, AXON and MSTR will be
added to the NDX.
Mega caps TLSA, AAPL, MSFT, BRK/B rose, and GOOGL, AMZN, META, NVDA, AVGO fell on Tuesday.
SPY down 2.50 at 604.29, 55.6 million
shares, above average volume,
VIX up 1.18 at 15.87,
VIX1D
up 4.35 at 13.29, FOMC event
risk on Wednesday
QQQ down 2.37 at 535.80
JNJ, KO, NKE, AAPL led the DJIA, 9 advancers, -4
PFE,
FOXA, TSLA, BMY, WYNN led the SPX, 122 advancers
TSLA, PDD, REGN ON led the NDX, 38 advancers
Up:
Down: SPY, QQQ, IWM, DIA,
The SPY
MFC green line is pointed up at 91.1 and is short-term bullish.
+0.7.
One
of eleven
sectors was higher on Tuesday, led by XLY, XLV and XLP.
Uptrend sectors: XLY, XLC,
XLK, XLF, XLI, XLP, XLU, XLRE,
Neutral sectors: XLE, XLB,
Down trend sectors: XLV,
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
38 of 100 NDX stocks closed higher on Tuesday.
45 NDX stocks are above their 30
DMA: DASH, BKNG, MRVL, TEAM, PANW, TTWO, ISRG, NFLX, TSLA,
CDNS, WBD, AMZN, CRWD, COST, GFS, MAR, CPRT, FTNT, HON, PYPL, DXCM, APP, DDOG,
CTSH, LULU, TTD, ORLY, ROST, AAPL, SMCI, MSFT, ASML, META, LRCX, CCEP,
WDAY, AVGO, GOOGL, AZN, KDP, GILD, ARM, KLAC, MU, INTU,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 3
IDXX,
ILMN, ZS,
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