RUT, DJI Closed Higher, SPX, NDX Closed Lower...VIX Fell...Afterhours MU +18% on Better than expected EPS...

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SPX -7.24, 7,358, opened flat, traded in a range and closed slightly lower.  Breadth strengthened slightly as advancers led on the NYSE, and decliners led slightly on the NASDAQ exchange.  VIX fell. 

SpaceX, SPCX, closed at 154.54, -1.98%.  SPCX completed a $25 billion offering of senior unsecured notes on Tuesday. Our view is that SPCX with no earnings continues to be a total speculation.  As Ben Graham observed there is intelligent speculation, like there is intelligent investing.  If you choose to speculate, do so intelligently.

After hours: MU +166.04, +15.84%, reported adj. EPS $25.11 beats $20.63 Estimate, Sales $41.456B beat $35.590B Estimate

SPX advancers: MHK IQV CRL UAL BKNG PHM SWK EXPE GDDY DHI MAS.

SPX decliners: BX HOOD ARES COIN PFG ORCL CME STX WDC FCX BKR.

SPY -0.05% on slightly above average volume of 57.4 million shares.

VIX -0.86, 18.63,

NDX -0.43%, traded in a range and closed lower.

DJI, 51,848, +0.35%, closed higher.

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

Up: IWM, DIA,

Down: SPY, QQQ,

The SPY MFC green line is down at 45.8 and after-hours price-action is short-term bullish. -9.9

Six of eleven sectors were higher on Wednesday led by XLI, XLY and XLU. 

52 of 100 NDX stocks closed higher on Wednesday.

48 NDX stocks are above their 30 DMA: MRVL, ARM, AMD, STX, CSCO, AMAT, LRCX, AAPL, MU, MNST, PANW, CRWD, FTNT, KDP, ASML, KLAC, MAR, ROST, EA, FAST, PCAR, CCEP, EXC, LIN, BKNG, INTC, WDC, VRTX, FER, ABNB, DASH, TTWO, AEP, AMGN, ALAB, NBIS, TER, AXON, GEHC, ROP, XEL, ALNY, AZN, HON, MDLZ, MELI, SBUX, WBD,

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 7

ALNY, AZN, HON, MDLZ, MELI, SBUX, WBD,

Moving Below 30 DMA = 3

CDNS, PAYX, TXN,

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