PYPL, TSLA, SQ, MCHP, WYN, MAR, each make new all-time
closing highs on Wednesday.
QQQ, pauses following three all-time
closing highs
SPY, DIA paused on Wednesday for the third
day after horizontal resistance breakout
last Thursday.
Six sectors were positive, led by utilities XLU and healthcare XLV.
SPY down -.06 at 241.44 on 91.7 million shares, 27% above average.
VIX rises +0.03 to 10.4138.
Oil falls -1.02 to 48.63
TLT up 0.31 at 124.40…on
8.0 million shares, 14% above average.
PFE +1.62% and DD +1.60% lead
the DJIA.
PRGO +3.28% following earnings, HRS +1.96%, and LB +1.90% led the SPX.
VRTX +2.67%, REGN
+2.32%, PYPL +2.25%
and
ILMN +2.18% led
the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is neutral.
Up:
Down:
SPY, QQQ, DIA, IWM
Uptrend
sectors:
XLK,
XLY, XLRE, XLV, XLI, XLP, XLU
Breadth strengthened
as advancers led 1,469
to 1,465 on the NYSE and decliners led 1,433 to 1,317 on the NASDAQ.
The SPY MFC green
line is pointed
up at 95,
bullish.
Look for
a potential bounce in: ADBE, NFLX, ATVI,
AAPL, SHOP, UNH, HD, WB, CC, HUN, BBRY, DDD, JD, NTES, MOMO, BABA, BIDU,
One Day
Pullback: NVDA, FB, LRCX, MSFT, KLAC,
Bounces included: COST,
EA, V, WMT, SHOP,
Break of
short-term support:
Potential
Breakouts include: TLT, WDC, RCL, XLY, AVGO, ANET, YHOO, EXPE,
XLNX,
Breakouts:
AMAT, RACE,
New Highs PYPL, TSLA, SQ, MCHP, HAS, WYN, MAR, COST,
MCD, SBUX, MU, SWKS, QQQ, SPY, DIA, CSX, AMZN, GOOGL,
56 of 100 NDX stocks closed
higher and one was unchanged on Wednesday.
70
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 2
ROST, XRAY,
Moving Below 30 DMA = 2
CA, INTC,
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Neutral
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