SPX, NDX Close Slightly Lower in Volatile Trading Before and During FOMC Announcement, Press Conference...Communication Services, Consumer Staples, Energy Lead Sectors...After-hours: IBM, TSLA, META Up...

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SPX -28.39, 6,039, opened slightly lower, traded in a volatile range, on mixed but slightly weaker breadth, an expected no change in interest rates FOMC announcement and a positive reaction FOMC press conference.

The DJI, 44,713, closed -0.31%, closed lower and formed a red spinning top. 

NDX -0.24% traded in a range and formed a red spinning top above Tuesday’s S1 level.

TSLA -8.99, -2.26%, opened slightly lower, traded in a range and formed red spinning top.

After hours EPS reactions: IBM +20.22, +8.85%, TSLA +16.15, +4.15%, META +15.51, +2.29%, NOW -95.73, -8.37%, MSFT -20.48, -4.63%, URI -13.39, -1.77%,

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103 SPX companies report this week: Thursday BMO: AOS, AVY, BX, CAH, CAT, CI, CMCSA, DGX, DOV, DOW, IP, LHX, LUV, MA, MMC, MO, NOC, PH, PHM, ROP, SHW, TMO, TSCO, TT, UPS, VLO, Thursday AMC: AAPL, AJG, BKR, DECK, EMN, GEN, HIG, INTC, KLAC, PPG, RMD, SMCI, V, WY.

Mega Caps: Thu AMC: AAPL

First day reaction: Q4

Positive: FFIV, SBUX, TMUS, NSC, CB, 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 = 43

Neutral: ADP, NDAQ, PGR, HES, WRB, VZ, ABT, ADM, BAC = 9

Negative: PKG, DHR, LII, BXP, MSCI, GD, GLW, OTIS, SYK, 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 = 38

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

SPY down 2.71 at 601.81, 37.1 million shares, below average volume

VIX up .15 at 16.56,

VIX1D up 2.60 at 16.13,

QQQ down .98 at 520.83

NKE, IBM, DIS, MRK led the DJIA, 16 advancers, +5            

FFIV, HSIC, CEG, VST led the SPX, 204 advancers,

SBUX, TMUS, CEG, ASML led the NDX, 58 advancers

Up:

Down: QQQ, IWM, DIA, SPY

The SPY MFC green line turned down at 83.3 and is counter-trend defensive. -3.5.

Four of eleven sectors were higher on Wednesday, led by XLC, XLP and XLE.

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

58 of 100 NDX stocks closed higher on Wednesday.

67 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, 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, ABNB, AMAT, KDP, PCAR, PEP, WBD,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 6   

ABNB, AMAT, KDP, PCAR, PEP, WBD,

Moving Below 30 DMA = 1

FAST,

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