NDX, SPX, DJI Close Above Nov. 7 Low, VIX Falls...Technology, Financial, Industrial Led Sectors...NVDA Positive EPS Reaction on Record EPS Lifts Futures & Stocks in After-hours...

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SPX +24.84, 6,642, opened lower, traded in a range, closed higher, formed a bullish harami.  Breadth was mixed on Wednesday as advancers decreased on both exchanges, but net change capital turned positive. The SPX closed 11 points above the November 7 support low.    

SPY opened lower, traded in a range, reversed and closed slightly higher a channel bounce setup at short-term support. The chart continues to indicate that the intermediate up trend is more probable to continue.  The four-week SPY trend is sideways.  The three- and six-month trends are up.  Dave

NDX +0.56%, formed bullish harami at short-term support. 

DJI, 46,138, +0.10%, formed bullish harami, led by GS, CAT and SHW.

NVDA +5.16, +2.85%, reported record EPS and revenues, +9.48 in after-hours trading.

AVGO +13.92, +4.09%, move above the high of the low day at short-term support.

ORCL +5.04, +2.29%, bounced above the high of the following day at intermediate term muti-month support.

Mega caps AVGO, GOOGL, NVDA, TSM, TSLA, AAPL, AMZN rose and BRK/B, META, MSFT fell on Wednesday. 

SPY up +2.55 at 662.63, 94.7 million shares, above average volume.

VIX down -1.03 at 23.66,

QQQ up +3.56 at 599.87

NVDA, SHW, CSCO, JPM led DJIA, 13 advancers, +2

MDT, WBD, KMX, VLO led SPX, 193 advancers,

CEG, AMAT, AVGO, IDXX led NDX, 44 advancers.

Up: QQQ, SPY, DIA,

Down: IWM,

The SPY MFC green line is pointed down at 37, and price-action closed above the support low of the November 7 hammer in its channel, below the high of the low day and is neutral. -11.2   After the close NVDA reported record EPS and revenues and a large number of stocks are up in after hours.  Expect price action entries above the high of the low day Thursday morning.

Five of eleven sectors were higher on Wednesday led by XLK, XLF and XLI. 

Uptrend sectors: XLV, XLK, XLU, XLE, XLC, XLY, XLI,

Neutral sectors: XLF, XLB, XLRE,

Down trend sectors: XLP,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down 

44 of 100 NDX stocks closed higher on Wednesday.

27 NDX stocks are above their 30 DMA: MU, WBD, MRVL, EA, AEP, AMGN, AAPL, GOOGL, ROST, CSCO, ISRG, BIIB, CTSH, REGN, IDXX, MAR, AZN, DDOG, BKR, FANG, MNST, GILD, AMAT, ASML, AVGO, KLAC, ORLY,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 5

AMAT, ASML, AVGO, KLAC, ORLY,

Moving Below 30 DMA = 6

CCEP, KDP, KHC, PEP, VRTX, XEL,

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