NDX, SPX Closed Lower, DJI Flat on Tech & Mega Cap Selling...Real Estate, Consumer Staples, Utilities Led Sectors...

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SPX -37.78, 6,411, opened flat, pulled back and closed lower in a bull flag consolidation price pattern.  Clearly indices and ETFs moved lower in large part due to selling in technology related stocks like PLTR, NVDA, AMD, TSLA, ORCL and AVGO.  There was noticeable buying in other sectors like consumer staples and health care.  Breadth was mixed on Tuesday.

NDX -1.39%, four-day bull flag pattern.

DJI, 44,922, +0.02%, trading range pause day, BO setup, near unchanged with strength in HD and SHW offset by weakness in GS, BA and MSFT.

NVDA -6.37, -3.50%, pulled on Tuesday and is a one-day bull flag pattern.

AVGO -10.85, -3.55%, is a re-BO setup or a four-day bull flag pattern.

PANW +5.39, +3.06%, a positive reaction on EPS, revenue beat and strong guidance, that may be day one of an earnings flag pattern.

Recent IPOs: AMBQ 6.54%, FIG -8.86%, FLY -6.46%, and BLSH -6.09%.

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

SPY down 3.49 at 639.81, 69.3 million shares, average volume,

VIX up 0.58 at 15.57

QQQ down 7.83 at 569.28

HD, SHW, PG, TRV led DJIA, 16 advancers, +0

INTC, PLD, WYNN, PCG led SPX, 355 advancers,

INTC, PANW, ODFL, BIIB led NDX, 47 advancers,

Up: DIA

Down: SPY, IWM, QQQ,

The SPY MFC green line turned down at 89.8 and is counter-trend defensive. -4.2

Eight of eleven sectors were higher on Tuesday led by XLRE, XLP and XLU. 

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

Neutral sectors: XLP, XLE, XLV, XLRE,

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: Down a little

47 of 100 NDX stocks closed higher on Tuesday.

48 NDX stocks are above their 30 DMA: AVGO, NVDA, AMD, CSX, DASH, GOOGL, AEP, SNPS, CDNS, FAST, PEP, ORLY, XEL, PDD, BKR, ROST, TMUS, APP, AZN, META, EA, VRTX, IDXX, LIN, AAPL, COST, TSLA, KDP, MNST, GILD, MU, CPRT, PCAR, REGN, AMZN, ASML, BIIB, INTC, NXPI, QCOM, NFLX, WDAY, ADBE, ADP, BKNG, CMCSA, EXC, LRCX,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 6

ADBE, ADP, BKNG, CMCSA, EXC, LRCX,

Moving Below 30 DMA = 6

AXON, MDB, MRVL, MSFT, PLTR, TTWO,

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