SPX, NDX Closed Slightly Lower on Lower Volume, Breadth Weakened Modestly...Communication Services, Consumer Discretionary, Health Care Led Sectors...CPI Report 8:30 am ET Tuesday....

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SPX -16.00, 6,373, paused in its bull flag bounce, and is an HBO setup.  Breadth was weaker on Monday.  The CPI Report will be out at 8:30 am, consensus Y/Y is 2.8% and Core Y/Y is 3.0%.

NDX -0.36%, made an intraday high before closing slightly lower. 

DJI, 43,975 -0.45%, led by weakness in CAT, CRM, IBM, BA.

NVDA -0.64, -0.35%, traded in a range is an HBO setup.

AVGO -1.07, -0.35%, HBO setup.

Recent IPOs: AMBQ -7.80%, FIG +5.62% and FLY +6.88% each closed lower.

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

SPY down 1.26 at 635.92, bull flag pause, BO setup, 58.7 million shares, below average volume,

VIX up 1.10 at 16.25

QQQ down 1.70 at 572.85

MMM, PG, SHW, UNH led DJIA, 11 advancers, -9

TKO, ALB, EA, MU led SPX, 176 advancers,

EA, MU, INTC, TSLA led NDX, 30 advancers,

Up:

Down: IWM, SPY, QQQ, DIA,

The SPY MFC green line is up at 82.3 and is short-term bullish. +0.9

Three of eleven sectors were higher on Monday led by XLC, XLY and XLV.

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 sideways.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up a little

30 of 100 NDX stocks closed higher on Monday.

40 NDX stocks are above their 30 DMA: AVGO, MSFT, NVDA, AMD, CSX, DASH, CSGP, GOOGL, AEP, SNPS, CDNS, FAST, PEP, ORLY, PLTR, XEL, PDD, BKR, CEG, ROST, TMUS, APP, AZN, CTAS, META, EA, VRTX, IDXX, MRVL, AXON, LIN, AAPL, COST, CSCO, TSLA, KDP, LRCX, MNST, GILD, MU,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 5

ADP, BIIB, KHC, KLAC, REGN,

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