©
2025
SPX +27.23, 5,599,
opened higher after a better-than-expected CPI report of Y/Y 2.8%
vs. 2.9% consensus and Core Y/Y 3.1% vs 3.2% consensus, traded in a volatile
range, closed higher but below its open.
VIX fell but remained high.
Breadth strengthened from Tuesday, but decliners led in the DJI
and SPX. However, net change advancing
capital was greater in the NDX, SPX and DJI.
The PPI report is due Thursday morning at 8:30 am
ET BMO.
The DJI, 41,350, -0.20%, opened higher,
closed lower. NDX –0.28% formed a high wave spinning top.
SMCI: +1.63, +3.99%, opened higher, traded in a range, formed a spinning top
above its 30 DMA.
TSLA +17.51, +7.59%, opened
higher, traded in a range, formed a spinning top above the high of the low day.
Mega caps TSLA, NVDA, TSM, META, AVGO, GOOGL, AMZN, MSFT rose
and BRK/B, AAPL fell on Wednesday.
SPY up 2.95 at 558.87, 69.3 million
shares, above average volume
VIX down 2.69 at 24.23
QQQ up 5.32 at 476.92
NVDA, BA, CRM, AXP led the DJIA, 11 advancers, +5
TSLA, MU, PLTR, VST, NVDA, AXON led the SPX, 179 advancers,
TSLA, MU, PLTR, NVDA led the NDX, 53 advancers
Up: QQQ, SPY, IWM,
Down: DIA,
The SPY
MFC green line is pointed down to 10.7 and is short-term bearish. –3.1.
Five
of eleven
sectors were higher on Wednesday, with led by XLK, XLY and XLC.
Uptrend sectors: XLC, XLF, XLV,
Neutral sectors: XLP, XLY, XLI, XLU, XLRE, XLE,
Down trend sectors: XLK, XLB,
The 6-month intermediate trend is sideways. The ten-day
trend is down.
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Down
53 of 100 NDX stocks closed higher on Wednesday.
20 NDX stocks are above their 30
DMA: CDW, ISRG, AEP, EXC, AMGN,
AZN, GILD, VRTX, MDLZ, MNST, KHC, EA, CSGP, FAST, XEL, KDP, PDD, TTWO, INTU,
MU,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 2
INTU, MU,
Moving Below 30 DMA = 6
BIIB,
CCEP, CMCSA, PEP, REGN, TMUS,
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