SPX, NDX & VIX Breadth / Stock Participation
Breadth / Stock Participation: The percentage of stocks trading above their 20, 50, and 200 daily moving averages continued to decline on Tuesday for the $S&P 500(.SPX)$ and all indices in general.
The $NASDAQ 100(NDX)$ has the lowest participation despite reaching fresh all-time highs. The $Cboe Volatility Index(VIX)$ closed at 16.4.👀
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$American Express(AXP)$ and $Bank of America(BAC)$ are leading the charge in the financials sector. American Express is nearing a 52-week high, while Bank of America announced a significant military hiring initiative. A strong start for a key sector ahead of today's #FOMC decision.
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