New Highs Continue as DIA Nears January High...

© 2018

SPY, QQQ and IWM closed at all-time closing highs for the third straight day.  DIA closed $1.25 below its all-time closing high of 262.58 on Jan 26.

SQ, AAPL, AMZN, ALGN, and VRSK hit new highs on Wednesday.  

Eight sectors were higher on Wednesday, led by discretionary XLY +1.22% and technology XLK +0.91%.

The DJIA, closed up 60 points at 26,124, led by strength in AAPL, V, MSFT, MCD and MMM.  This is the thirtieth fourth consecutive close above 25,000 since June 15 and the third close above 26,000 since Feb 1.

SPY up 1.56 at 291.48, on 61.4 million shares, 3% above average volume. Up on higher volume.

VIX down .25 at 12.25 

Oil up 1.17 at 69.70

TLT up .16 at 121.02 on 5.6 million shares. 

MSFT +1.60%, AAPL +1.49%, led the DJIA, 18 advancers, +6.

MRO +5.17%, ABMD +4.16% and FL +3.28%, led the SPX.
REGN +4.25%, AMZN +3.38%, PYPL +2.22%, and VRTX +2.21%, led the NDX.

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

Up: QQQ, SPY, IWM, DIA,

Down:

Breadth strengthened on Wednesday, as advancers led 1,691 to 1,133 on the NYSE and led 1,797 to 1,103 on the NASDAQ

The SPY MFC green line is in the upper zone pointed up at 95 bullish. 

Uptrend sectors:  XLV, XLP, XLY, XLK, XLU, XLRE, XLI

Neutral sectors: XLF, XLE, XLB,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

70 of 100 NDX stocks closed higher on Wednesday.

75 NDX stocks are above their 30 DMA.  COST, AMGN, HAS, HSIC, ISRG, AMZN, GILD, CELG, CHKP, CA, CTAS, ORLY, CTXS, FAST, AAPL, DLTR, QCOM, WBA, PCAR, ROST, XLNX, CSX, CERN, SBUX, CMCSA, KLAC, ILMN, VRSK, SNPS, ADBE, CSCO, PAYX, TMUS, WDAY, DISH, FISV, ADP, TTWO, ESRX, MYL, JBHT, INCY, REGN, AAL, ADSK, CDNS, MXIM, NVDA, ADBE, ADI, IDXX, MSFT, PYPL, STX, INTU, ALGN, ATVI, CHTR, EBAY, GOOGL, MELI, NFLX, SHPG, TXN, VRTX, EXPE, SIRI, SYMC, AVGO, MNST, ULTA, BIIB, FOXA, MAR, MDLZ,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 4

BIIB, FOXA, MAR, MDLZ,  

Moving Below 30 DMA = 1

MU,  

Intermediate-term trending stocks: 

ADBE, ETFC, MA, V, ISRG, WIX, NDAQ, VRSN, COP, CRM, NTAP, RNG, SQ, ALGN, GRUB, AKAM, CDNS, FISV, BA, MU, CMA, HRS, SHOP, EL, NVDA, CME,

MAR, ANET, KORS, IBKR, RACE, WYNN, TAL, AA, WUBA, FCAU,

Add Comments here