DJIA Closes Above 25,000...IWM, QQQ All-time Closing High...

© 2018

AAPL, AMZN, FB, MSFT, NFLX, NVDA, ADBE, ADI, ADP, ALGN, CTAS, FISV, IDXX, ILMN, INTU, ISRG, MCHP, ORLY and VRSK made new highs.

IWM and QQQ made new all-time closing highs.

The DJIA, closed up 346 points at 25,146, led by strength in BA, UNH, GS, CAT, MCD and V.

Nine sectors were higher on Wednesday, led by materials XLB +1.85% and financial XLF +1.82%.

SPY up 2.30 at 277.40 on 62.7 million shares, 12% below average volume. Up on higher volume.

VIX down .76 at 11.64

Oil down .52 to 65.01

TLT down .97 at 118.74 on 7.8 million shares.

BA +3.18%, DWDP +3.17%, led the DJIA, 26 advancers.

NKTR +7.18%, EFX +6.13% and DVN +5.57%, led the SPX.

TSLA +9.74%, DISH +5.81%, JD +3.94%, and CMCSA +3.83%, led the NDX.

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

Up: DIA, SPY, IWM, QQQ,

Down:

Breadth strengthened on Wednesday, as advancers led 1,861 to 1,017 on the NYSE and led 1,791 to 1,149 on the NASDAQ

The SPY MFC green line is in the upper zone and is at 93, bullish. 

Uptrend sectors:  XLK, XLRE, XLE, XLY,

Neutral sectors: XLF, XLV, XLI, XLB, XLU

Down trend sectors: XLP

Intermediate-term trending stocks:   

RACE, ADBE, IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA, WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP, EL

BA, MU, MAR, CMA, CME, ANET, HRS, KORS,

DLTR, WB, TPR,

81 of 100 NDX stocks closed higher on Wednesday.

81 NDX stocks are above their 30 DMA.  

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 7

CHTR, CMCSA, CTSH, HAS, MDLZ, MELI, MNST,

Moving Below 30 DMA = 0

  

The 6-month intermediate and long-term trends are still up.  The three-month trend is sideways.  The ten-day trend.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Up

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