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2025
SPX -8.52, 6,606, its second close above 6,600, all-time
intraday high, closed slightly lower. Breadth
weakened on Tuesday.
Remember
price action trends and consolidates, it thrusts and pauses, today was a pause
day, a fluctuation within the trend.
Dave
FOMC announcement at 2 pm ET, markets expect a .25% rate cut.
NDX -0.08%, breakout
continuation pause, new intraday high, closed slightly lower and formed a red candle.
DJI, 45,757, -0.27%, traded
in a range, led by strength in UNH, MSFT and TRV.
NVDA -2.87, -1.61%, pulled
back slightly, closed below its 30 DMA.
AVGO -4.09,
-1.12%, traded in a range formed a red spinning top.
Mega caps TSLA, META, AMZN, AAPL, TSM rose
and BRK/B, GOOGL, AVGO, MSFT, NVDA fell on Tuesday.
SPY down .91 at 660.00, 60.8 million shares, below average volume,
VIX up +.67 at 16.36
QQQ down .50 at 591.18
CVX, AMZN, CAT, PG led DJIA, 11 advancers, -3
APA,
STLD, OXY, HSY led SPX, 189 advancers,
ON, FANG, TSLA, MNST led NDX, 47 advancers,
Up:
Down: QQQ, SPY, IWM, DIA,
The SPY
MFC green line is up at 96.4 and
is short-term bullish. +0.2
Three of eleven sectors were
higher and XLV unchanged on Tuesday led by XLE, XLY and XLP.
Uptrend sectors: XLK, XLC, XLY, XLI,
XLF, XLB, XLE, XLU,
Neutral sectors: XLP, 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 a little
47 of 100 NDX stocks closed higher on Tuesday.
48 NDX stocks are above their 30
DMA: GOOGL, ORLY, PDD, BKR,
APP, VRTX, AAPL, MNST, MU, INTC, ADI, PANW, QCOM, TSLA, TTWO, MDB, ADSK, AVGO,
BIIB, ASML, AMZN, GEHC, LRCX, DDOG, KLAC, DASH, WBD, ZS, ARM, MRVL, TEAM, EA,
PCAR, CRWD, CEG, PLTR, AMAT, BKNG, CDNS, FTNT, META, REGN, VRTX, ADBE, CDW, IDXX,
MAR, MDLZ, MELI, ON,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 7
ADBE, CDW, IDXX, MAR, MDLZ, MELI, ON,
Moving Below 30 DMA = 6
BKNG,
CDNS, LIN, MSFT, NVDA, XEL,
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