© 2018
Stocks fell big in October, and among the biggest losers were ALGN,
WDC, NVDA, EA, WYNN, AMZN, CELG, ALXN, NFLX, ADSK and ATVI in the NDX. IBM, CAT, DWDP, HD, NKE and UTX were weak in the DJIA.
The relatively few
October gainers
included TSLA, TWTR, CBOE, HRL, JWN, WBA,
GM, CMCSA, CME, XLNX, DLTR, SBUX, VZ, WMT, PG, MCD and MRK.
Earnings season continued on Wednesday. Positive reactions included FB, TAP, GM, FLT, HFC, INCY, MGM, EBAY and
ICE.
Negative reactions: BAX,
K, APC
The DJIA, closed up 241 points at 25,115, led by strength in GS, AAPL, V, BA and CAT. This
is the first close above 25,000 in five days.
Eight of eleven sectors were higher on Wednesday,
led by technology XLK +2.38% and communications XLC +2.06%.
SPY up 2.86 at 270.63, on 128.1 million
shares, 8% above average volume. Up on lower volume.
VIX down 2.12 at 21.23
Oil down 1.49 at 64.86
TLT down .58 at 113.58 on 8.7 million shares.
V +3.83%, CAT +3.29%, led the DJIA, 22 advancers, -4.
TAP +9.95%, GM +9.09% and FLT +7.98%, led the SPX.
TMUS +7.24%, CTRP +6.74%, INCY +6.21%, and ISRG +6.19% led
the NDX.
Intermediate and long
term up trend intact. 3-day short term trend is up.
Up: QQQ, SPY, DIA, IWM,
Down:
Breadth weakened
on Wednesday, as advancers led 1,779 to 1,177 on the NYSE and led 1,862 to 1,200 on the NASDAQ
The SPY
MFC green line is pointed up at 19 and is short-term
bullish.
Uptrend sectors: XLU, XLP,
Neutral sectors:
XLV, XLRE,
Down trend sectors: XLK,
XLY, XLI, XLF, XLE, XLC, XLB,
The 6-month intermediate
and long-term trends are still up. The three-month trend is down.
The ten-day trend is down.
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Up
73 of 100 NDX stocks closed higher on Wednesday.
22
NDX stocks are above their 30
DMA. SBUX, WBA, CDNS, TSLA, PEP,
XLNX, CA, ROST, CMCSA, DLTR, ESRX, EXPE, INTC, QRTEA, SHPG, CHTR, COST, MELI,
PYPL, TMUS, TTWO, VRSK,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 7
CHTR, COST, MELI, PYPL, TMUS, TTWO,
VRSK,
Moving Below 30 DMA = 3
FOXA, KHC, MDLZ,
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