SPX, NDX, DJI Closed Lower on a Pause Day after SPX and NDX Made an Intraday High...Consumer Staples, Utilities, Energy Led Sectors...

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SPX -25.69, 6,714, closed over 6,700 for the fifth time, made an all-time intraday high before forming a bearish engulfing candle in a four-day sideways grinder.  Breadth was weaker and turned negative as Decliners led advancers and Declining capital led advancing capital on Tuesday.  Government shutdown continued for a seventh day.

Pause day in NDX, SPX and DJI.  Dave

NDX -0.55%, breakout test bearish engulfing candle. 

DJI, 46,602, -0.20%, a spinning top pause day led by weakness in CAT, GS and CRM.

NVDA -0.50, -0.27%, breakout test inverted hammer, three-day bull flag.

AVGO +0.92, +0.27%, hammer candle. 

ORCL -7.35, -2.52%, support test hammer-like candle.

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

SPY down 2.49 at 669.12, 71.9 million shares, average volume,

VIX up +0.87 at 17.24

QQQ down 3.20 at 604.51

IBM, PG, UNH, KO led DJIA, 15 advancers, +3

APP, PYPL, EL, AMD, DELL led SPX, 203 advancers,

APP, PYPL, AMD, GILD led NDX, 35 advancers.

Up:

Down: DIA, SPY, QQQ, IWM,

The SPY MFC green line turned down on a breakout test at 94.4, price action is short-term bullish. -1.3

Five of eleven sectors were higher on Tuesday led by XLP, XLU and XLE. 

Uptrend sectors: XLK, XLU, XLV, XLI, XLC, XLY, XLF, XLE,

Neutral sectors: XLB, XLRE,

Down trend sectors: XLP,

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

35 of 100 NDX stocks closed higher on Tuesday.

53 NDX stocks are above their 30 DMA: GOOGL, PDD, BKR, APP, AAPL, MNST, MU, INTC, PANW, QCOM, TSLA, TTWO, MDB, AVGO, ASML, LRCX, DDOG, KLAC, DASH, WBD, ZS, MRVL, CRWD, CEG, PLTR, AMAT, FTNT, MELI, WDAY, MRVL, NVDA, CSX, FANG, XEL, ROST, CHTR, ADBE, EA, EXC, GFS, MSFT, PCAR, AEP, CSCO, EA, VRTX, AMD, BIIB, AMGN, ARM, AZN, REGN, MAR, PYPL, TTD, GILD, MDLZ,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

MDLZ,

Moving Below 30 DMA = 7

ADSK, CDNS, GEHC, MCHP, MSTR, NXPI, ON,

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