DIA New All-time High...SPY HBO Setup...Financials, Materials Lead...

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DIA broke through horizontal resistance to a new all-time closing high (on a dividend adjusted chart.) on Wednesday.

SPY is 52 cents below it Aug 29 all-time high of 291.74 and is a Horizontal Breakout (HBO) setup.

Four sectors were higher, led by financial XLF +1.70% and materials XLB +1.09%.

The DJIA, closed up 158 points at 26,405, its third highest close only behind Jan 26 & 29, led by strength in GS, CAT, JPM, UNH and BA.  This is the forty-eighth consecutive close above 25,000 since June 15 and the fifth close above 26,000 since Feb 1.

SPY up .31 at 291.22, on 49.0 million shares, 16% below average volume. Up on lower volume.

VIX down 1.04 at 11.75 

Oil up 1.57 at 71.02

TLT down.70 at 116.61 on 13.3 million shares. 

GS +2.92%, JPM +2.90%, led the DJIA, 20 advancers, -3.

SWN +6.37%, BWA +5.00% and NFX +4.41%, led the SPX.

TSLA +4.93%, JD +4.54%, BIDU +4.39%, and CTRP +3.42%, led the NDX.

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

Up: DIA, SPY,

Down: QQQ, IWM

Breadth weakened on Wednesday, as decliners led 1,619 to 1,279 on the NYSE and led 1,627 to 1,334 on the NASDAQ

The SPY MFC green line is pointed up in the upper zone at 90 bullish. 

Uptrend sectors:  XLU, XLV, XLP, XLY, XLK, 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 up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

52 of 100 NDX stocks closed higher on Wednesday.

54 NDX stocks are above their 30 DMA.  COST, AMGN, ISRG, CHKP, CA, ORLY, AAPL, QCOM, PCAR, ROST, XLNX, SBUX, CMCSA, ILMN, VRSK, SNPS, CSCO, PAYX, DISH, ADP, TTWO, ESRX, ADSK, NVDA, ADBE,  INTU, ALGN, CHTR, SYMC, AVGO, ULTA, MAR, HAS, HSIC, WBA, ATVI, NFLX, AAL, MDLZ, MSFT, TMUS, LBTYA, SHPG, QRTEA, HOLX, ALXN, BKNG, CSX, CTSH, EXPE, PYPL, BIDU, BMRN, CTRP,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 3

BIDU, BMRN, CTRP,

Moving Below 30 DMA = 6

AMZN, CTAS, FISV, JBHT, REGN, SIRI,

Intermediate-term trending stocks: 

ADBE, COST, DG, AAPL, AMZN, MA, V, AET, ISRG, PAYX, VRSN, COP, CRM, NTAP, RNG, SQ, UNH, NVDA, ALGN, CHGG, GRUB, TWLO, W, CDNS, PAYC, FISV, NDAQ, LPSN, PSTG, ZUMZ, WIX, SHAK, ETFC, EL, CME, KORS, A, WUBA,

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