NDX, SPX Close Higher in Technology Bounce Back...Technology, Communication Services, Consumer Discretionary Lead Sectors...FOMC Announcement at 2 pm ET...

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SPX +55.42, 6,067, gapped higher above Monday’s high, a bounce above the high of the low day,

The DJI, 44,850, closed +0.21%, closed higher formed a spinning top candle in a bounce continuation. 

NDX +1.59% closed above the high of the low day as technology and semiconductor stocks rebounded from Monday’s selloff.

TSLA +0.94, +0.24%, opened flat, traded in a range and formed a hammer.

EPS full day reactions: RCL +28.43, +12.00%, IVZ +1.59, +8.96%, LMT -46.24, -9.18%,

FOMC announcement Wednesday 2 pm ET, Press Conference 2:30 pm ET.

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103 SPX companies report this week: Wednesday BMO: ADP, DHR, GD, GLW, HES, LII, MSCI NDAQ, NSC, OTIS, PGR TMUS, Wednesday AMC: AMP, CCI, CHRW, IBM, LRCX, LVS, META MSFT, NOW, RJF, TER, TSLA, URI, WDC, WM.

Mega Caps: Wed AMC: META, MSFT, TSLA, Thu AMC: AAPL

First day reaction: Q4

Positive: RCL, IVZ, NUE, RTX, BA, T, NEE, GE, UNP, ELV, MKC, NTRS, NFLX, APH, STX, TDY, TEL, COF, GEV, PG, PLD, SCHW, MMM, FITB, SLB, TFC, FAST, CFG, HBAN, MS, BK, WFC, C, GS, BLK, JPM, WBA, DAL = 38

Neutral: WRB, VZ, ABT, ADM, BAC = 5

Negative: LMT, GM, SYY, ARE, SYF, NVR, BRO, PCAR, KMB, TXN, ISRG, HCA CSX, AXP, FCX, HAL, TXT, UAL, JNJ, KEY, DHI, JBHT, STT, RF, UNH, USB, MTB, PNC, STZ = 29

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

SPY up 5.15 at 604.52, 44.2 million shares, below average volume

VIX down 1.49 at 16.41,

VIX1D down 1.21 at 13.53,

QQQ up 7.60 at 521.81

NVDA, CRM, AAPL, MSFT led the DJIA, 11 advancers, -11 

RCL, CRWD, VST, IVZ, CCL led the SPX, 150 advancers,

CRWD, NVDA, MDB, ZS led the NDX, 47 advancers

Up: QQQ, SPY, DIA, IWM,

Down:

The SPY MFC green line is flat at 86.8 and is short-term bullish. +0.03.

Three of eleven sectors were higher on Tuesday, led by XLK, XLC and XLY.

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

Neutral sectors: XLE, XLRE, XLB,

Down trend sectors: XLP, XLV,

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: Down a little

47 of 100 NDX stocks closed higher on Tuesday.

62 NDX stocks are above their 30 DMA:  CEG, BKR, FANG, KLAC, CDW, GEHC, ISRG, AEP, DXCM, ARM, EXC, PAYX, QCOM, AMGN, ANSS, MELI, META, PDD, PYPL, SNPS, ADP, AZN, LIN, SBUX, AMZN, APP, CSGP, CTAS, DASH, FAST, NXPI, ODFL, CRWD, CSX, FTNT, GILD, ORLY, ROP, VRSK, VRTX, ZS, ADSK, CTSH, MDB, MSFT, NFLX, PANW, PLTR, TEAM, CHTR, LULU, MAR, CCEP, TTWO, COST, TMUS, WDAY, ADBE, AXON, CSCO, DDOG, GOOGL,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 5   

ADBE, AXON, CSCO, DDOG, GOOGL,

Moving Below 30 DMA = 10

AMAT, BIIB, CMCSA, HON, IDXX, INTC, KHC, PCAR, PEP, XEL,

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