SPX, NDX Closed Lower Following ISM Services Report and JOLTS Report...Energy, Health Care Lead Sectors...Technology Closed Lower...

 

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SPX -66.35, 5,909.  Opened higher traded in a range and reversed after the ISM Services Index and JOLTS reports were released at 10 am ET and sold off.  Breadth weakened from Monday. 

Wednesday FOMC minutes at 2 pm ET.  The NYSE and Nasdaq are closed Thursday, a day of mourning for former President Jimmy Carter who passed away last week.  Jobs report on Friday

The DJI, 42,528, closed -0.42% lower.  NDX -1.79%, gapped up, reversed and closed lower.

TSLA -16.69, -4.06%, opened lower and closed lower.

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

SPY down 6.73 at 588.63, 60.3 million shares, above average volume

VIX up 1.78 at 17.82,

VIX1D up 2.83 at 14.25,

QQQ down 9.36 at 515.18

MMM, JNJ, CVX, AMGN led the DJIA, 15 advancers, +1      

MRNA, HCA, FSLR, ENPH led the SPX, 206 advancers

MU, PAYX, PCAR, GEHC led the NDX, 26 advancers

Up:    

Down:  DIA, IWM, SPY, QQQ,

The SPY MFC green line is pointed up slightly at 30.6 and is short-term bullish. +0.5.

Two of eleven sectors were higher on Tuesday, led by XLE, XLV and XLB. 

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

Neutral sectors:  XLP, XLE,

Down trend sectors: XLB, 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: Up a little

26 of 100 NDX stocks closed higher on Tuesday.

26 NDX stocks are above their 30 DMA:  MRVL, AMZN, LULU, AVGO, GOOGL CEG, DXCM, META, NVDA, ARM, ASML, BKR, CRWD, FANG, KLAC, LRCX, QCOM, AMAT, AZN, CDW, GEHC, IDXX, MU, PYPL, PCAR, PDD, 

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 2

PCAR, PDD,  

Moving Below 30 DMA = 15

ABNB, ADI, APP, CDNS, DASH, EXC, FTNT, GFS, ISRG, MSTR, PLTR, ROST, TSLA, TTWO, WBD,

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