SPX, NDX Close Higher...DJI, RUT Close Slightly Lower as Breadth Weakens...Technology, Communication Services, Consumer Discretionary Lead Sectors...PPI Thursday Morning...

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SPX +6.03, 5,892, opened higher, traded in a range and formed a black doji.    

PPI will be released Thursday at 8:30 am ET.  Y/Y is expected to be 2.4% vs. 2.7% last month.  

The DJI, 42,051 -0.21%, closed lower for a second day.  The NDX +.57% continued to rise and is approximately 4% from its all-time closing high. 

Breadth weakened as decliners led advancers on the exchanges and indexes, IWM and DIA declined while advancing net change capital was still greater than declining capital on the indexes indicating that buyers became more selective on Wednesday.

Wednesday Session Insight: We make money because we have rules to be consistent, and we act on those rules with discipline.  Then the trend follows through and makes us money…but we do have to have rules and the discipline to take advantage of the trend.

TSLA +13.61, +4.07%, closed higher.

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

SPY up 0.75 at 587.59, 66.0 million shares, below average volume

VIX up .40 at 18.62,

QQQ up 3.09 at 518.68

NVDA, DIS, GS, JPM led the DJIA, 10 advancers, -5

SMCI, ENPH, IP, AMD led the SPX, 148 advancers,

ARM, AMD, NVDA, TSLA led the NDX, 46 advancers,

Up: QQQ, SPY,

Down: DIA, IWM,

The SPY MFC green line is pointed up at 95.4 and is short-term bullish. +2.9

Three of eleven sectors were higher on Wednesday, led by XLK, XLC and XLY. 

Uptrend sectors: 

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

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

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

3-month Intermediate Term Market Trend:  Sideways

3-day Short Term Market Trend:  Up

46 of 100 NDX stocks closed higher on Wednesday.

82 NDX stocks are above their 30 DMA: CPRT, COST, CRWD, CTAS, MNST, PLTR, ROST, EA, MSTR, MELI, NFLX, ADSK, AXON, BKNG, CDNS, IDXX, TTWO, CEG, 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, HON, NVDA, PAYX, VRSK, ADP, AMD, CTSH, GFS, AMZN, APP, CSCO, META, MU, NXPI, PDD, ROP, ON, CSX, GEHC, LULU, QCOM, TXN, INTC, MRVL, ODFL, WBD, DASH, FANG, AAPL, BIIB, CMCSA, FAST, FTNT, GOOGL, PCAR, SBUX, TEAM, BKR,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 1

LIN,  

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