SPX All-time Closing High...NDX Recovered Most of Tuesday's Selloff...Energy, Materials, Technology Led Sectors...1 pm ET Early Close on Thursday...Happy Independence Day on Friday...

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Remember the NYSE closes early at 1 pm ET Thursday and trading is closed on Friday to celebrate July 4 Independence Day!

Jobs Report will be released Thursday morning at 8:30 am ET.

SPX +29.41, 6,227, opened flat and trended up making a new all-time closing high on Wednesday.

The NDX +0.73% closed above Tuesday’s high, bounced in a one-day bull flag pattern which recovered all but 38 points of Tuesday’s selloff.

The DJI, 44,484 -0.02%, paused on Wednesday just short of its January 30 closing high.    

Breadth was mixed but remained positive on Wednesday.

TSLA +14.94, +4.97%, gapped up and formed a hammer candle.

AVGO +5.16, +1.95%, bounced at support on a breakout test formed a piercing line candle.

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

SPY up 2.80 at 620.45, 66.4 million shares, below average volume

VIX down .19 at 16.64,

QQQ up 3.81 at 550.80

NKE, NVDA, AMGN, AAPL led DJIA, 13 advancers, -9

ALB, MRNA, ORCL, COIN led SPX, 285 advancers,

DDOG, MSTR, TSLA, NXPI led NDX, 53 advancers,

Up: IWM, QQQ, SPY

Down: DIA,

The SPY MFC green line is pointed up at 97.6 and is short-term bullish. +0.8

Seven of eleven sectors were higher on Wednesday led by XLE, XLB and XLK.

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

Neutral sectors: XLRE, XLP, XLE, XLV,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

53 of 100 NDX stocks closed higher on Wednesday.

77 NDX stocks are above their 30 DMA: CRWD, NFLX, AXON, IDXX, TTWO, CEG, INTU, ZS, ADI, AMAT, ARM, AVGO, DDOG, KLAC, LRCX, MCHP, MDB, MSFT, SNPS, NVDA, AMD, AMZN, ASML, CSCO, META, MU, ON, CSX, TXN, MRVL, WBD, DASH, PANW, SBUX, QCOM, NXPI, CSGP, EA, ADSK, MDLZ, GFS, PYPL, BKNG, CMCSA, GEHC, MAR, PCAR, ANSS, GOOGL, AEP, BKR, HON, SNPS, CDNS, CHTR, FAST, GILD, PEP, AAPL, CCEP, CDW, ISRG, LIN, TMUS, ABNB, AMGN, BIIB, CTSH, KDP, KHC, ODFL, TEAM, TTD, VRTX, FANG, MSTR, REGN,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 3

FANG, MSTR, REGN,

Moving Below 30 DMA = 7

CTAS, EXC, MNST, ORLY, PDD, ROP, VRSK, XEL,

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