DIA, SPY, QQQ Make a New All-time Closing High...

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After the Close Review of Wednesday’s action…        QQQ, SPY, DIA, IWM, VIX, XLU, FAST, DAL, JPM, C, AAPL, AMZN, FB, MSFT, GOOG, ADBE, ISRG, CERN, NFLX, PCAR, ROST…

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Eight sectors were higher on Wednesday, led by utilities XLRE +0.55% and utilities XLU +0.43%.

SPY up .40 at 255.02 on 47.6 million shares, 24% below average volume.  Up on higher volume.

VIX down .23 at 9.85

Oil up .08 to 51.02

TLT up .24 at 124.42…on 4.0 million shares, 51% below average.  Up on lower volume. 

JNJ +2.05%, and WMT +1.90%, led the DJIA, 17 advancers.

NUE +3.56%, TGT +2.69% and FLIR +2.58% led the SPX.

PYPL +2.63%, DLTR +2.16%, GOOGL +1.81%, AVGO +1.79%, and ISRG +1.49%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: QQQ, SPY, DIA,

Down: IWM,

Breadth weakened on Wednesday as advancers led 1,696 to 1,141 on the NYSE and decliners led 1,436 to 1,376 on the NASDAQ.

The SPY MFC green line is in upper zone at 97, bullish.

Uptrend sectors:  XLI, XLF, XLB, XLK, XLV, XLE, XLY, XLRE, XLU,

Neutral sectors: XLP,

Down trend sectors:

Intermediate-term trending stocks:  MU, LRCX, CBOE, TAL, TTWO, LYV, FCAU, AA, EDU, PYPL, ANET, V, ALGN, BA, WYNN, A, ISRG, SQ, CC, TRU, FB, MCD, WB, NVDA, AABA, BABA, ATVI, EA, RACE, WUBA, ADBE, CCL, RCL, SHOP,

50 of 100 NDX stocks closed higher and on Wednesday.

63 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 3

ILMN, MAT, SWKS,

Moving Below 30 DMA = 6

ALXN, AMGN, FOXA, GILD, REGN, VRTX,

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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