©
2025
SPX +20.35, 6,849, three-day consolidation after five-day
rally, closed just 1.02% below its all-time high on October 29. Breadth strengthened as advancers and advancing
capital led and VIX moved lower.
NDX +0.20%, continued its channel bounce on Wednesday.
DJI, 47,882, +0.86%, closed
higher, led by GS, UNH and CAT.
NVDA -1.87, -1.03%, five-day
consolidation above channel support.
AVGO -0.96,
-0.25%, bull flag with dragonfly
doji.
Mega caps TSLA, GOOGL, TSM rose and AVGO, BRK/B, AAPL, AMZN, NVDA, META, LLY, MSFT fell on Wednesday.
SPY up +2.36 at 683.89, 57.0 million shares, below average volume.
VIX down -0.51 at 16.08,
QQQ up +1.52 at 623.52
UNH, GS, MCD, AMGN led DJIA, 22 advancers, +6
MCHP, ON, VRTX, ODFL led SPX, 334 advancers,
MCHP, ON, MRVL, VRTX led NDX, 69 advancers.
Up: IWM, DIA, SPY, QQQ,
Down:
The SPY
MFC green line continues to point up at 79.5, and price-action is short-term bullish.
+4.6
Nine of eleven sectors
were higher on Wednesday led by XLE, XLF and XLY.
Uptrend sectors: XLV, XLK, XLU,
XLE, XLC, XLY, XLI,
Neutral sectors: XLF, XLRE, XLB,
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
69 of 100 NDX stocks closed higher on Wednesday.
62 NDX stocks are above their 30
DMA: WBD, MRVL, AMGN, AAPL,
GOOGL, ROST, CSCO, ISRG, BIIB, CTSH, REGN, IDXX, MAR, AZN, BKR, FANG,
MNST, GILD, ORLY, GEHC, KHC, PCAR, VRTX, ADI, AMAT, AVGO, EA, GFS, MU, CCEP,
LULU, SBUX, ADSK, ASML, KDP, LRCX, MRVL, ON, PEP, TXN, VRSK, APP, DXCM, INTC, ODFL,
SNPS, BKNG, CEG, COST, FTNT, KLAC, MDB, NXPI, ADP, CDNS, CSX, DASH, FAST, MCHP,
QCOM, TEAM, TSLA,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 9
ADP, CDNS, CSX,
DASH, FAST, MCHP, QCOM, TEAM, TSLA,
Moving Below 30 DMA = 2
AMZN,
TTWO,
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