SPX, NDX All-time New Closing High...DJIA, RUT Rise in Broad Rally...

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NDX +127.68, +1.04%, closed at a new all-time high on strength in GOOGL, FB, NVDA, MSFT, AMZN and ADBE.  GOOGL, NVDA, MSFT, AMZN, PYPL, and ADBE. rose to new all-time closing highs.

SPX +54.19, +1.54%, closes at 3,580 a new all-time closing high.

                  

Ten of eleven sectors were higher on Wednesday, led by XLU, XLB and XLRE.

Utilities leaders:  EXC, XEL, NI, WEC

Basic Materials leaders: DD, LYB, DOW, ECL

Real Estate leaders: VTR, REG, PEAK, AMT

SPY up +5.10 at 357.70 on 69.5 million shares, above average volume, up on higher volume.

VIX up +.45 at 26.57

KO, DOW, IBM led the DJIA, 28 advancers, +11

BF/B, TWTR, KSU, DD led the SPX, 456 advancers

LRCX, ALGN, DXCM, AMAT led the NDX, 87 advancers

The two-year trend term is up.  The one-year trend is up.

Up: DIA, SPY, QQQ, IWM,

Down:

Breadth strengthened on Wednesday as advancers led 1,946 to 1,032 on the NYSE and led 2,056 to 1,349 on the NASDAQ

The SPY MFC green line is flat at 97 and is short-term bullish, stay alert for a potential pullback below the low of the high day.  Price action is a new high breakout continuation.

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

Neutral sectors:  XLU, XLRE, XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

87 of 100 NDX stocks closed higher on Wednesday.

87 NDX stocks are above their 30 DMA:  AMZN, CDNS, IDXX, NVDA, AAPL, FAST, MELI, PYPL, TTWO,  VRSK, CHKP, COST, MNST, CHTR, CMCSA, CTSH, AMD, CTAS, ISRG, LULU, ORLY, CPRT, CSX, TCOM, QCOM. SBUX, KLAC, AVGO, FB, MSFT, NXPI, TMUS, TXN, BKNG, ULTA, MAR, PAYX, EXPE, ADBE, ANSS, INTU, MSFT, PEP, TSLA, FOXA, ADSK, ATVI, GOOGL, NTES, SNPS, WDAY, ZM, MCHP, ADI, ASML, BIDU, KHC, ROST, AMGN, LBTYA, SPLK, ALXN, DOCU, NFLX, PDD, VRSN, CERN, CTXS, INTC, SWKS, VRTX, ALGN, MXIM, PCAR, XLNX, ADP, AMAT, BIIB, CDW, DXCM, EXC, FISV, KHC, MU, SIRI, WDC, XEL,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 12

ADP, AMAT, BIIB, CDW, DXCM, EXC, FISV, KHC, MU, SIRI, WDC, XEL,

Moving Below 30 DMA = 0

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