QQQ, SPY Rise as DIA, IWM Fall on Lighter Volume...

 
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SPX opened flat, traded in a trading range on Wednesday and closed slightly higher.  
 
NDX +81.54, +0.63%, was a bull flag bounce.
 
SPX +8.65, +0.23%, closed at 3,809, is a three-day bull flag pattern.
 
TSLA rose +0.59%, is forming a bull flag setup.
 
Six of eleven sectors were higher on Wednesday, led by XLU, XLRE and XLK. 
 
Utilities leaders: WEC, DUK, SRE, NEE
Real Estate leaders: WELL, SPG, REG, VTR
Technology leaders: INTC, PYPL, QCOM, NOW
 
SPY up 1.02 at 379.79 on 45.3 million shares, below average volume, up on lower volume.
VIX down 1.12 at 22.21
 
INTC, WBA, AAPL, TRV led the DJIA, 15 advancers, -1
COO, WELL, WHR, SPG led the SPX, 201 advancers
PTON, PYPL, ISRG, NFLX led the NDX, 50 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY,
Down: DIA, IWM,
 
Advancers weakened on Wednesday as advancers led 1,671 to 1,498 on the NYSE and decliners led 2,095 to 1,735 on the NASDAQ
 
The SPY MFC green line is pointed up at 92.6 and is short-term bullish.  Price action is a three-day pullback.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  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: Sideways
 
50 of 100 NDX stocks closed higher on Wednesday.
 
62 NDX stocks are above their 30 DMA:   ALGN, TXN, ADI, AMAT, MU, MXIM, ASML, MNST, ROST, CSCO, AVGO, ADSK, TSLA, PYPL, AAPL, ANSS, ATVI, BIDU, CDNS, ILMN, ISRG, SNPS, CHKP, CERN, DXCM, IDXX, ALXN, SWKS, ORLY, NTES, MRVL, MTCH, PTON, BKNG, AMGN, INTC, JD, PDD, KLAC, NXPI, EBAY, GILD, LRCX, WBA, BIIB, FOXA, MCHP, QCOM, CSX, DLTR, EXC, FAST, PCAR, CDW, CTAS, DOCU, INCY, NVDA, MELI, REGN, OKTA, SPLK, 

 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
SPLK,
 
Moving Below 30 DMA = 5
AMD, CPRT, EA, TEAM, XLNX,

 
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