RUT, DJI Closed Higher, SPX, NDX Closed Lower...Selloff/Rally Forms Long-tailed Hammer...SJM Leads SPX...CPI Wednesday 8:30 am ET Before the Open...

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SPX -19.08, 7,386, opened higher formed a long-tailed hammer in a bull flag pattern.  Breadth strengthened as advancers led on both the NYSE and NASDAQ exchanges. 

SPX advancers: SJM APH POOL BLDR CARR MHK ARE PODD BX WSM LUV.

SPX decliners: COHR LITE SMCI APP GLW NOW CIEN QCOM FSLR DELL COIN.

Earning’s flag setups on DELL, HPE, PANW

NVDA -0.45, -0.22%, formed a long-tailed hammer, on 180.9 million shares.

MU -13.39, -1.41%, formed a long-tailed hammer in a bull flag pattern.

SPY -0.29%, formed a long-tailed hammer in a bull flag pattern, on above average volume of 87.6 million shares.

VIX +0.95, 19.87, hedgers hedging…

NDX -1.12% long-tailed hammer led by a pullback and rally in semiconductor and technology stocks.

DJI, 50,872, +0.17%, pulled back slightly.

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

Up: IWM, DIA,

Down: SPY, QQQ,

The SPY MFC green line is higher at 71.8, and price-action is defensive. -8.7 

Nine of eleven sectors (61.5%) were higher on Tuesday led by XLRE, XLB and XLV. 

52 of 100 NDX stocks closed higher on Tuesday.

47 NDX stocks are above their 30 DMA: MRVL, ARM, AMD, CSX, STX, WDC, CSCO, AMAT, LRCX, AAPL, MU, MNST, CDNS, APP, DDOG, PANW, CRWD, FTNT, KDP, MDLZ, ADP, MDB, DXCM, PAYX, ASML, KLAC, MAR, ODFL, ROST, WDAY, AXON, CTSH, EA, VRSK, CTAS, FAST, AMGN, IDXX, GEHC, PCAR, VRTX, CCEP, KHC, ALNY, EXC, LIN, ROP,

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 4

ALNY, EXC, LIN, ROP,

Moving Below 30 DMA = 2

NXPI, QCOM,  

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