Fed Leaves Interest Rates Unchanged...SPX, NDX Close Higher on Volatile Trading Range...Technology, Consumer Discretionary, Health Care Lead Sectors...After Hours: AXON Higher, FTNT , ARM Lower on EPS Reactions...

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SPX +24.37, 5,631, opened higher, traded in a range, experienced a 2.33-point VIX range before and after the FOMC announcement of no rate change as expected.  The SPX formed a white spinning top.  The DJI, 40,829 +0.70%, and NDX +0.39% closed higher. 

Breadth strengthened as advancers led the exchanges and the indexes. Net change capital was mixed as advancing capital led the SPX and declining capital led in the NDX.

TSLA +0.87, +0.32%, closed higher.

After-hours: AXON +32.18, +5.35%, moved higher and FTNT -13.03, -12.21%, ARM -14.24, -11.47%, moved lower on earnings reactions.

Wednesday session insight: Cognitive dissonance is the state of having inconsistent thoughts, beliefs or attitudes, especially as relating to behavioral decisions and attitude change.  Paul Tudor Jones expects stocks to fall to new lows.  Bill Miller said “I think the worst is over for the market. I’m pretty confident about that.”  Miller is best known for beating the SPX 15 straight years. Confused?  Don’t be, neither of these legendary investors know the future. Trade what you see...DJ 

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

SPY up 2.35 at 561.15, 55.2 million shares, below average volume

VIX down 1.21 at 23.55,

QQQ up 1.89 at 483.30

DIS, NVDA, NKE, HON led the DJIA, 24 advancers, +16

CRL, ROK, DIS, GEN led the SPX, 359 advancers,

CDW, VRSK, QCOM, NVDA led the NDX, 73 advancers,

Up: DIA, SPY, QQQ, IWM,

Down:

The SPY MFC green line is pointed up at 84.5 and is short-term bullish. +1.5

Eight of eleven sectors were higher on Wednesday, led by XLK, XLY and XLV. 

Uptrend sectors: 

Neutral sectors: XLP, XLU, XLRE, XLF, XLC,

Down trend sectors: XLY, XLV, XLE, XLI, XLK, XLB,

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend:  Down

3-day Short Term Market Trend:  Down a little

73 of 100 NDX stocks closed higher on Wednesday.

73 NDX stocks are above their 30 DMA: EXC, CPRT, CCEP, COST, CRWD, CTAS, MNST, PLTR, ROST, EA, MSTR, AEP, MELI, NFLX, ADSK, AXON, BKNG, CDNS, IDXX, TTWO, CEG, FTNT, INTU, ZS, ABNB, ADI, AMAT, ANSS, ARM, AVGO, DDOG, DXCM, ISRG, KLAC, LRCX, MAR, MCHP, MDB, MSFT, PANW, SNPS, TSLA, TTD, WDAY, CHTR, PYPL, CDW, ADBE, AZN, HON, NVDA, PAYX, VRSK, XEL, ADP, AMD, CTSH, GFS, MDLZ, AMZN, APP, CSCO, META, MU, NXPI, PDD, ROP, ON, CSX, GEHC, LULU, QCOM, TXN,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 5

CSX, GEHC, LULU, QCOM, TXN,

Moving Below 30 DMA = 3

DASH, GOOGL, MRVL,

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