FOMC Raises Rates .25% as Expected…

DIA made a new all-time closing high on Wednesday.

The Fed raised the ted funds rates was increased .25% on Wednesday.

Five sectors were positive, led by staples XLP and utilities XLU.

SPY down -0.31 at 244.24 on 78.6 million shares, 12% above average.

VIX up .22 to 10.64.

Oil down -1.27 to 44.68

TLT up 1.92 at 126.30…on 20.2 million shares, 166% above average.

HD +1.80% and TRV +1.48% lead the DJIA.

HRB +7.93%, M +2.25% and RHI +2.16% led the SPX.

ALXN +9.26%, VRTX +1.81%, BMRN +1.69% and INCY +1.32% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: DIA

Down: SPY, QQQ, IWM,

Uptrend sectors:  XLY, XLP, XLV, XLI, XLU, XLK, XLRE, XLB

Breadth weakened as decliners led 1,541 to 1,376 on the NYSE and led 1,649 to 1,137 on the NASDAQ.

The SPY MFC green line is flat in upper zone at 89, bullish.

Look for a potential bounce in: SQ, BBY, BBRY, LRCX, RACE, ADSK, BABA, NVDA, AMD, AVGO, PYPL, NLFX, YHOO, AMD, WB, EA, TAL, XLNX, MOMO, KWEB, JD, SHOP, SWKS, KLAC, AMAT, ADBE, GOOGL, MCHP, CSX, AAPL, CC

One Day Pullback: SPY, IWM, WDC, 

Bounces included: TLT, MCD, MNST, WMT,

Break of short-term support: BIDU,

Potential Breakouts include: SPY, RCL, DDD, HUN, ATVI, MAR, WYN, V, EXPE, QQQ, XLY, AMZN, FB, ANET,

Breakouts: TLT, TSLA, HD,

New Highs: DIA, 

32 of 100 NDX stocks closed higher on Wednesday.

59 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 4

ALXN, BMRN, GILD, WBA

Moving Below 30 DMA = 12

ADBE, AMAT, BIIB, CA, FOXA, LRCX, MAT, PCAR, SWKS, TXN, VIAB, WDC,

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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