SPX Inches to All-time Closing High...NDX Pause Pullback...Health Care, Real Estate, Materials Led Sectors...

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SPX +4.02, 6,309, opened flat, traded in a range, inched to a new all-time closing high.

NDX -0.50% pullback on weakness in technology stocks. 

DJI, 44,502 +0.40%, a bull flag bounce continuation.   

Breadth strengthened on Tuesday.

TSLA +3.62, +1.10%, EPS Wednesday AMC, C-pattern, bounce continuation.

AVGO -9.62, -3.34%, BO test.

DHI +22.28, +16.98%, gap up reversal BO, after a positive EPS reaction BMO.

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EPS Wednesday 20 SPX companies report: APH, BSX, CME, FCX, FI, GD, GEV, HAS, HLT, LII, LW, MCO, NEE, NTRS, NVR, OTIS, T, TDY, TEL, TMO BMO and 17 CCI, CMG, CSX, GL, GOOG, GOOGL, IBM, LVS, MOH, NOW, ORLY, PKG, RJF, ROL, TMUS TSLA, URI AMC.

Q2 First day reaction:

Positive: IQV, DHI, PHM, NOC, GPC DGX, IPG, PCAR, IVZ, ARE, KEY, SYF, AVY, WRB, VZ, ROP, RF, SCHW, SNA, PEP, TRV, TSM, CTAS, CFG, JNJ, OMC, PGR, JBHT, PLD, C, FAST, = 30+1

Neutral: HAL, DHR, PNR, NXPI, SHW, KO, DPZ, MMC, PNC, GS, BAC, BK, JPM = 13

Negative: LMT, MSCI, PM, EFX, GM, STLD, RTX, NFLX, SLB, MMM, AXP, TFC, HBAN, ELV, ABT, GE, USB, FITB, MTB, MS, WFC, BLK, STT = 23

Bold is > +5% or -5%

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

SPY up .09 at 628.86, all-time closing high by 9 cents, 59.7 million shares, below average volume

VIX down .15 at 16.50,

QQQ down 2.92 at 561.25

VZ, NKE, AMZN, HD led DJIA, 20 advancers, +7

VZ, HSY, DECK, TPR led SPX, 407 advancers,

ARM, ROST, GOOGL, QCOM led NDX, 65 advancers,

Up: IWM, DIA, SPY,

Down: QQQ,

The SPY MFC green line is up at 94.4 and is short-term bullish. +1.3

Ten of eleven sectors were higher on Tuesday led by XLV, XLRE and XLB.

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: Sideways

65 of 100 NDX stocks closed higher on Tuesday.

68 NDX stocks are above their 30 DMA: AMAT, AVGO, DDOG, LRCX, MCHP, MSFT, NVDA, AMD, AMZN, CSCO, ON, CSX, TXN, WBD, DASH, NXPI, CSGP, GFS, BKNG, GEHC, MAR, ANSS, GOOGL, AEP, HON, SNPS, CDNS, FAST, PEP, AAPL, CCEP, ABNB, AMGN, TTD, VRTX, MSTR, REGN, ORLY, PLTR, PDD, KHC, XEL, ARM, FTNT, MDB, PDD, TSLA, BKR, KDP, MDLZ, PYPL, CEG, DXCM, EA, LIN, QCOM, ROST, TMUS, CDW, CMCSA, GILD, IDXX, INTU, ODFL, PCAR, ROP, SBUX, WDAY,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 10

CDW, CMCSA, GILD, IDXX, INTU, ODFL, PCAR, ROP, SBUX, WDAY,

Moving Below 30 DMA = 7

ADI, APP, CTAS, KLAC, META, MRVL, PANW,

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