QQQ, SPY, DIA, DLTR, SBUX, FB Bull Flag Setups...NTAP, NTES up in After-hours on EPS...Watch for BBY, WMT EPS Thursday Morning...

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Don’t miss After the Close Review of Wednesday’s action…SPY,  /CL, /ES, IWM, QQQ, DIA, More GREAT bull flag and breakout setups and great technical analysis insights…A MUST watch if you’re want to improve your analysis and trading…10:40 pm PT

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One sector was higher on Wednesday, led by financial XLF +0.27% and healthcare XLV -0.28%. 

SPY down 1.29 at 256.44 on 80.5 million shares, 33% above average volume.  Down on higher volume.

VIX up 1.54 at 13.13

Oil up .31 to 55.31

TLT up 1.36 at 126.56…on 9.1 million shares, 28% above average.  Up on higher volume.

GE +2.01%, and NKE +1.16%, led the DJIA, 8 advancers.

ALK +4.47%, FL +4.00% and ABC +2.82% led the SPX.

AAL +3.01%, FOXA +2.34%, LBTYA +2.45%, TSCO +1.93%, and XRAY+1.85%, led the NDX.

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

Up:

Down: IWM, QQQ, SPY, DIA

Breadth weakened on Wednesday as decliners led 1,858 to 1,046 on the NYSE and led 1,736 to 1,173 on the NASDAQ.

The SPY MFC green line is in upper zone at 79.1 defensive.

Uptrend sectors:  XLY, XLU, XLRE, XLK, XLE, XLF,

Neutral sectors: XLV, XLB, XLI,

Down trend sectors: XLP,

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

41 of 100 NDX stocks closed higher on Wednesday.

55 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 1

JD,  

Moving Below 30 DMA = 2

ADI, CTSH,   

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

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