NDX, SPX Closed Higher...RUT, DJI Closed Lower...Breadth Weakened...Technology Led Sectors...

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SPX +27.52 7,568 opened and closed higher and formed a bullish harami.  Breadth was mixed as decliners led on the NYSE and advancers led on the NASDAQ exchange. 

Both AAPL and PLTR rallied from their Monday night lows after beats on sales and EPS.  AAPL -6.42, -1.90%, EPS $2.10 beats $1.98 estimate, sales $114.477B beat $113.392B estimate.  PLTR -2.94, -1.65%, EPS $0.44 beats $0.41 estimate, sales $2.313B beat $2.183B estimate.

SPX advancers: DD FSLR SMCI AMD ANET BAX XYZ BF/B EW CNC COIN.

SPX decliners: SWKS ZBRA BALL ADM TSLA CDW SNDK CDW LITE PLTR APA.

Oil /CL rose +0.50 and closed at 96.76.

After hours:

AMD +24.30, +5.02%, EPS $2.09 beats $1.985 FactSet estimate, sales $13.38B beat $13.1B FactSet estimate.

SMCI +2.26, +7.2%, EPS $1.81 beats $1.23 estimate, sales $19.946B beat $16.389B estimate.

ANET +16.09, +9.47%, EPS $1.20 beats $1.08 estimate, sales $3.658B beat $3.330B estimate.

SPY +2.25, +0.30%, below average volume of 32.8 million shares. 

VIX -0.32, 20.83 closed higher.

Up: QQQ, SPY,

Down: IWM, DIA,

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

SPCX closed at 141.31, +4.94, volume of 96 million shares. SPCX became profitable two weeks and revenues were a $58 billion annual run rate.  Our view is that SPCX, proved its ability to produce profits from its business plan.  IPO at 135 on June 12.  Investors seem to be willing to speculate on this company’s long-term fundamental future.  Rumors continue to circulate that SpaceX may acquire TSLA. 

The SPY MFC green line pointed down at 30.9, price-action fell to Sep 16 support and is defensive. -11.5.

Four of eleven sectors were higher on Tuesday, XLK +1.60%. 

51 of 100 NDX stocks closed higher on Tuesday.

48 NDX stocks are above their 30 DMA: ISRG, TXN, MAR, FAST, COST, LIN, ADSK, AEP, PYPL, ADP, CCEP, CTAS, ORLY, TRI, XEL, MRNA, AMGN, KDP, EXC, GEHC, IDXX, MDLZ, CSX, AZN, GILD, INTU, MNST, REGN, ADBE, HON, PAYX, ROP, SBUX, WDAY, PEP, KHC, NXPI, TSLA, VRTX, CPRT, ADI, FER, CMCSA, PDD, ABNB,  MCHP, MPWR, ROST,

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 3

MCHP, MPWR, ROST,

Moving Below 30 DMA = 6  

AXON, DASH, DXCM, FANG, SNPS, TMUS,

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