©
2025
SPX -42.49, 5,572,
opened lower, traded in a volatile range, breadth improved from Monday but
finished negative. The JOLTS report,
Ukraine Peace proposal developments, recession fears, trade and tariff concerns
seemed to each contribute to the volatile swing in price as VIX moved above 29
before closing just below 27.
The CPI report is due Wednesday morning at 8:30 am
ET before the open. Consensus Y/Y is
2.9% down from 3.0% and Core Y/Y 3.2% down from 3.3%.
The DJI, 41,433, -1.14%, opened lower, trended.
NDX –0.28%
formed a high wave spinning top.
SMCI: +3.94, +10.68%, opened flat, trended up, formed a bullish engulfing
pattern and closed above it 30 DMA.
TSLA +8.43, +3.79%, opened
higher, closed higher, formed a bullish harami.
Mega caps TSLA, AVGO, NVDA, META, AMZN, TSM, MSFT rose and BRK/B, GOOGL, AAPL fell on Tuesday.
SPY down 4.66 at 555.92, 88.0 million
shares, above average volume
VIX down .94 at 26.92
QQQ down 1.13 at 471.60
BA, NVDA, CRM, UNH led the DJIA, 6 advancers, -2
SMCI, LUV, CRWD, VST led the SPX, 116 advancers,
MSTR, MDB, APP, CRWD led the NDX, 39 advancers
Up:
Down: IWM, QQQ, SPY, DIA,
The SPY
MFC green line is pointed down to 13.8 and is short-term bearish. –0.9.
All
eleven sectors
were lower on Tuesday, with the smallest decliners XLK, XLB and XLE.
Uptrend sectors: XLC, XLF, XLP, XLY,
XLI, XLV,
Neutral sectors: XLU, XLRE, XLE, XLK,
Down trend sectors: 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
39 of 100 NDX stocks closed higher on Tuesday.
24 NDX stocks are above their 30
DMA: CDW, ISRG, AEP, EXC, AMGN,
AZN, GILD, VRTX, TMUS, MDLZ, MNST, KHC, PEP, EA, BIIB, CSGP, CMCSA,
FAST, REGN, XEL, CCEP, KDP, PDD, TTWO,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 4
CCEP, KDP, PDD, TTWO,
Moving Below 30 DMA = 9
CHTR,
HON, LIN, ORLY, PAYX, PCAR, ROP, VRSK, WBD,
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