RUT, DJI, NDX, SPX Closed Lower after the Fed Leaves Rates Unchanged as Expected...Breadth Weakens...VIX Rose...

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Tomorrow, Thursday June 18 is expiration this week as Friday is a holiday and a 3-day weekend.  SPY declared a $1.76 quarterly dividend today and goes ex-dividend tomorrow.

SPX -91.25, 7,420, opened nearly unchanged and traded in a range. The Fed left rates unchanged as expected. The SPX rallied as the FOMC press conference began for about 15 minutes when SPX reversed and fell 90 points into the close. Another Fed press conference pullback.  While markets do fluctuate continually the intermediate to long-term trend is still up.

Breadth weakened as decliners led on both the NYSE and NASDAQ exchanges.  VIX rose. 

SpaceX, SPCX, closed at $191.82, -4.95%.  SpaceX is still a speculation with no earnings and 2025 revenues less than $20 billion.

SPX advancers: MRNA HOOD GEV VRT WDC AMAT AVGO MOS DELL INTC STX.

SPX decliners: SATS EFX APP CHTR NDAQ IT EL NOW CAN ODFL META.

SPY -1.25% on above average volume of 85.9 million shares.

VIX +2.03, 18.44, as hedgers hedged as SPX traded lower…

NDX -0.99%, as the broad market moved lower .

DJI, 51,492, -0.98%, reached an all-time intraday high before closing lower.

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

Up:  

Down: IWM, DIA, QQQ, SPY,

The SPY MFC green line is up at 67, and price-action is short-term bullish. +3.5

All eleven sectors were lower on Wednesday smallest decline in XLI, XLK and XLF. 

On June 22 ALAB, CRWV, NBIS, RKLB, TER will be added to the NDX 100 replacing CHTR CTSH, INSM, VRSK, ZS which will be deleted from the index.

19 of 100 NDX stocks closed higher on Wednesday.

42 NDX stocks are above their 30 DMA: MRVL, ARM, AMD, STX, CSCO, AMAT, LRCX, AAPL, MU, MNST, CDNS, DDOG, PANW, CRWD, FTNT, KDP, MDB, DXCM, PAYX, ASML, KLAC, MAR, ROST, EA, VRSK, FAST, AMGN, PCAR, CCEP, EXC, LIN, ADI, BKNG, INTC, WDC, VRTX, FER, HON, TXN, ABNB, DASH, TTWO,

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 0

Moving Below 30 DMA = 14

ADP, AEP, AXON, CSX, CTAS, GEHC, IDXX, KHC, MCHP, MDLZ, MELI, ODFL, ORLY, ROP,

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