SPX, NDX, DJI Rally, Pullback and Still Close Higher...

 
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NDX +95.11, +0.84%, opened slightly higher, moved higher until midday, pulled back after news that negotiations on a new coronavirus aid deal were still far apart but closed higher.   The pause was led by strength in AAPL, MSFT and TSLA. 

SPX +27.53, +0.83%, closes at 3,363. SPX opened slightly lower, traded higher until a midday day pullback and closed higher.

 
MU -3.75, -7.39% fell after a negative EPS reaction.
 
Nine of eleven sectors were higher on Wednesday, led by XLV, XLF and XLP.
 
Healthcare leaders: CNC, UHS, HCA, ABT
Financial leaders: DFS, TFC, PNC, AXP
Consumer Staples leaders: GIS, SJM, MKC, WMT
 
SPY up +2.52 at 334.89 on 104.0 million shares, above average volume, up on higher volume.
VIX up +0.10 at 26.37
 
AXP, UNH, AMGN, GS led the DJIA, 28 advancers, +24
DUK, LB, CNC, UHS led the SPX, 369 advancers
BIDU, JD, INCY, ROST led the NDX, 77 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 1,618 to 1,425 on the NYSE and led 1,749 to 1,723 on the NASDAQ

The SPY MFC green line is pointed up at 28 and is bullish.  Price action is a bounce continuation above Monday’s high.
 
Uptrend sectors:  XLB, XLI, XLY, XLP, XLV, XLK, XLC,
Neutral sectors:  XLRE, XLF, XLU,
Down trend sectors: XLE,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
 
77 of 100 NDX stocks closed higher on Wednesday.
 
58 NDX stocks are above their 30 DMA:   CMCSA, CSX, AVGO, ZM, ALXN, SGEN, WDAY, ALGN, CDW, CHTR, CPRT, CTAS, CTSH, FISV, IDXX, INTC, MRNA, NVDA, PAYX, QCOM, SBUX, SNPS, TCOM, ADBE, ADI, ADP, AMGN, BIIB, COST, FOXA, LRCX, MXIM, PEP, SWKS, TSLA, TXN, VRSK, XLNX, ANSS, BIDU, BMRN, CDNS, CERN, DOCU, DXCM, INTU, ISRG, JD, MDLZ, NFLX, NXPI, ROST, TMUS, XEL,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 16
ANSS, BIDU, BMRN, CDNS, CERN, DOCU, DXCM, INTU, ISRG, JD, MDLZ, NFLX, NXPI, ROST, TMUS, XEL,
 
 
Moving Below 30 DMA = 4
ASML, MU, PCAR, WDC,
 
 
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