RUT Closed at a new All-time Closing High...NDX, SPX Closed Higher...DJI Close Slightly Lower...After-hour: CBRS down on Negative EPS Reaction...

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SPX +20.30, 7,748, a bull flag bounce continuation after the CPI report was in line with the consensus forecast: Y/Y consensus Headline 3.4%, Core 2.5%.  Closed above 7,700 for a seventh day.  The SPX breakout last week joins DJI and RUT breakouts above June highs. 

RUT 3,045, a new all-time closing high.

Breadth remained positive as advancers led on both the NYSE and the NASDAQ exchanges.

SPX advancers: SMCI LITE CIEN DELL COHR HPE STX ANET TER SNDK ORCL.

SPX decliners: TPL COR FSLR AXON CHTR APP TPR IT UBER LULU BLDR.

After-hours: CBRS -43.53, -16.61%, on a negative EPS reaction.

SPCX closed at 146.15, +9.65% another great day on above average volume of 167.2 million shares. Newly traded private shares continue to be absorbed by buyers, which is positive.  Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12.  Having a great day does not mean the stock is not speculative, but it does mean there are more buyers than sellers and intelligent speculators are making money.

SPY +0.25%, bull flag bounce day, below average volume of 33.1 million shares.

VIX -0.73, 14.55 a three-month closing low. 

NDX +0.74% bull flag bounce continuation.

DJI, 53,770 -0.04%, bull flag setup.

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

Up: QQQ, IWM, SPY,

Down: DIA,

The SPY MFC green line turned up at 89.3, price-action on Wednesday, closed above horizontal resistance for a seventh day and is short-term bullish. +1.0

Eight of eleven sectors were higher on Wednesday. 

50 of 100 NDX stocks closed higher on Wednesday.

67 NDX stocks are above their 30 DMA: EA, FAST, PCAR, AMGN, CSX, ADP, PAYX, PYPL, REGN, CTAS, PDD, INTU, ROST, HON, ODFL, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, COST, CPRT, DASH, DXCM, IDXX, MSFT, CMCSA, GEHC, AVGO, CEG, AMZN, CRWD, CSCO, FTNT, GOOGL, MDB, ORLY, PANW, CRWV, FER, LITE, NFLX, NVDA, PLTR, MSTR, MPWR, WBD, ADI, AXON, GILD, RKLB, SNPS, SPCX, TTWO, VRTX, FANG, ISRG, ASML, SBUX, TER,

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 7

CCEP, HON, LRCX, MU, MRVL, NBIS, STX,  

Moving Below 30 DMA = 2

MELI, TTWO,

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