SPX, NDX New All-time Closing High...Bread Strengthened as Communication Services, Technology, and Materials Led all Sectors Higher...78% of Sectors Rose 1% +...UAL Leads SPX with 10% Rise...

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SPX +72.31, 6,445, broke out and trended to a new all-time closing high, after a better-than-expected headline CPI.  The CPI Report was Y/Y 2.7% vs a 2.8% consensus.

NDX +1.33%, made a new all-time closing high. 

DJI, 44,458 +1.10%, led by strength in GS, UNH, HD MSFT.

NVDA +1.10, +0.60%, traded in a range and is an HBO setup.

AVGO +8.93, +2.94%, horizontal breakout.

UAL +9.14, +10.23%, horizontal breakout.

Recent IPOs: AMBQ +13.49% FIG +5.89% and FLY -4.02%.

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

SPY up 6.77 at 642.69, horizontal breakout, 64.7 million shares, just below average volume,

VIX down 1.52 at 14.73

QQQ up 7.20 at 580.05

UNH, GS, BA, AXP, HD led DJIA, 22 advancers, +11

UAL, DAL, APTV, BLDR led SPX, 397 advancers,

NXPI, ON, MCHP, INTC led NDX, 79 advancers,

Up: IWM, QQQ, SPY, DIA,

Down:

The SPY MFC green line is up at 87.1 and is short-term bullish. +4.8

All eleven sectors were higher on Wednesday led by XLC, XLK and XLB.  78% of sectors were up 1% plus.

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: Up

79 of 100 NDX stocks closed higher on Tuesday.

46 NDX stocks are above their 30 DMA: AVGO, MSFT, NVDA, AMD, CSX, DASH, 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, CPRT, KLAC, NFLX, PCAR, REGN, SBUX, TTWO,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 7

CPRT, KLAC, NFLX, PCAR, REGN, SBUX, TTWO,    

Moving Below 30 DMA = 1

CSGP,  

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