NTES, MU, TSLA, SWKS, AMAT, EA, UNH each made new closing
highs on Wednesday.
SPY, DIA, QQQ, closed higher on Wednesday
still forming a bull flag,
after new all-time highs on Friday.
Seven sectors were positive, led by financials XLF and materials XLB.
SPY up 0.45 at 243.66 on 54.1 million shares, 18% below average.
VIX down -.06 to 10.39.
Oil drops -2.20 to 45.78
TLT down -.60 at 124.92…on
12.8 million shares, 75% above average.
NKE +1.43% and UNH +1.32% lead
the DJIA.
SIG +4.00%, ICE
+3.36% and GGP +3.05% led the SPX.
NTES +3.89%, MU
+2.95%, JD +2.49%
and
AAL +2.25% led
the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is neutral.
Up:
QQQ, SPY, DIA, IWM
Down:
Uptrend
sectors: XLY, XLP,
XLV, XLI, XLU, XLK, XLRE, XLB
Breadth strengthened
as decliners led 1,519 to 1,363 on the NYSE and advancers led 1,459 to 1,343 on the
NASDAQ.
The SPY MFC green
line is flat in
upper zone at 95, bullish.
Look for
a potential bounce in: SPY, DIA, XLY, RCL,
MCD, V, WMT, FB, PYPL, AMZN,
WDC, ADSK, BBRY, CSX, WYN, MAR, CC,
One Day
Pullback: TLT, DDD,
Bounces included:
JD, NVDA, BABA, QQQ, ADBE, EBAY, EA, AAPL, BIDU,
Break of
short-term support:
Potential
Breakouts include: XLNX, WB, ADBE, EBAY, AMD, TLT, MOMO,
KWEB, BABA, FB, MNST, YHOO, BBRY, HD, HUN
Breakouts:
ATVI,
New Highs NTES, MU, TSLA, SWKS, AMAT, EA, UNH,
MCHP, NVDA, EBAY, PYPL, BABA, KLAC, LRCX, ANET, COST, NFLX, QQQ, HAS, SQ,
70 of 100 NDX stocks closed
higher and one was unchanged on Wednesday.
72
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 2
INTC, JBHT
Moving Below 30 DMA = 0
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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