FOMC Delivers Volatility as Advertised...DJIA, SPX New All-time Closing High Following FOMC Volatilityworks...

Share Comments in the section below or email us at chartsignals@yahoo.com

After the Close Review of Wednesday’s action…SPX, SPY, VIX, DIA, IWM, QQQ, AAPL, AAL, CSX, JBHT, PYPL, AMD, TSLA, CC, NTAP, SYMC, WYNN, ETFC, MSFT, NFLX, PCAR, ATVI, ADSK, V, DLTR, X, GILD, GPRO…posted 7:04 pm ET

© 2017

The DJIA 22,412 and SPX 2,508 reach new all-time closing high on Wednesday.

Six sectors were higher on Wednesday, led by industrials XLI +0.73% and energy XLE +0.68%.

SPY up .09 at 250.06 on 59.5 million shares, 15% below average.  Up on higher volume.

VIX down .40 at 9.78

Oil up .45 to 50.73

TLT up .09 at 125.91…on 8.0 million shares, 1% above average.  Up on higher volume. 

MCD +1.56%, and PFE +1.52%, led the DJIA, 21 advancers.

AMD +4.73%, CHK +3.71% and IPG +3.69% led the SPX.

QVCA +2.38%, AAL +2.34%, VIAB +2.14%, and CSX +1.99%, led the NDX.

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

Up: IWM, DIA, SPY,

Down: QQQ,

Breadth strengthened on Wednesday as advancers led 1,598 to 1,271 on the NYSE and led 1,649 to 1,208 on the NASDAQ.

The SPY MFC green line is in upper zone at 98, bullish.

Uptrend sectors:  XLK, XLV, XLRE, XLU, XLB, XLI, XLF

Neutral sectors: XLE, XLP, XLY,

Down trend sectors:

Intermediate-term trending stocks:  ALGN, CBOE, ISRG, A, SHOP, TAL, TTWO, ADBE, LYV, FCAU, V, MCD, WYNN, WB, EDU, PYPL, MU, ATVI, FB, ATVI, EA, MCD, V, SQ, CC, TRU, ANET, CCL, RCL, WUBA, NVDA, BA, AABA, BABA, AA, LRCX,

47 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 = 5

AMZN, ESRX, GOOG, LBTYA, MYL,  

Moving Below 30 DMA = 5

ADBE, AVGO, CA, SWKS, WDC,

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

Add Comments here