NDX Inches to New Record Close on a Pause Range Day, FDX Down, MU Gains After-hours...

© 2019

FDX -16.37, -10.03% had a negative EPS reaction.  After-hours MU +2.45, +4.62% moved higher on a positive EPS reaction.

The NDX inched to another all-time closing high on a pause range day on Wednesday. 

Six of eleven sectors were higher on Wednesday, led by XLRE, XLC and XLU.

SPY up .02 at 319.59 on 48.1 million shares, below average volume.  Up on lower volume.

VIX up .29 at 12.58

BA, NKE, UNH led the DJIA, 10 advancers, -4

LDOS, CTVA, FOSL led the SPX, 248 advancers

WYNN, TSLA, LBTYA, SWKS led the NDX, 49 advancers

Long term up trend intact.  3-day short term trend is up.

Up: IWM, QQQ, SPY,

Down: DIA,                                                         

Breadth weakened on Wednesday as advancers led 1,829 to 1,144 on the NYSE and decliners led 1,602 to 1,588 on the NASDAQ

The SPX MFC green line is above 80 and is pointed up at 95 and is short-term bullish. 

Uptrend sectors:  XLK, XLV, XLC, XLP, XLF, XLI, XLB, XLY, XLU,

Neutral sectors:  XLE, XLRE,

Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

49 of 100 NDX stocks closed higher on Wednesday.

76 NDX stocks are above their 30 DMA:  AAPL, SWKS, AMGN, REGN, PCAR, SIRI, AMD, INCY, VRTX, ISRG, FOXA, MAR, AVGO, BMRN, MSFT, ADBE, ADSK, EA, FISV, LULU, MNST, WLTW, MELI, CERN, ILMN, SBUX, HAS, MDLZ, MYL, PEP, VRSK, GOOGL, ADI, ASML, MCHP, NTAP, NXPI, TXN, ATVI, JD, NVDA, TSLA, ULTA, VRSN, EXPE, MU, TTWO, AMAT, BIDU, BKNG, CSX, FAST, LRCX, MXIM, PYPL, QCOM, WDC, XLNX, BIIB, CTAS, EBAY, KLAC, PAYX, TCOM, WYNN, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB, KHC, NFLX, ALGN, SNPS,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 2

ALGN, SNPS,

Moving Below 30 DMA = 6

ADP, GILD, IDXX, NTES, ORLY, ROST,

Add Comments here