After the Close Review of Wednesday’s
action…IWM, QQQ, AAPL, FB, GOOG, AMZN,
MSFT, CMCSA, MU, AMAT, NVDA, LRCX, AVGO, NFLX, MU, ALGN, C, BAC, FAS, TAL, TTWO, FCAU, WB, PYPL,
ANET, NVDA, SHOP, KMX, AAL, FAST, COST, TSCO, DLTR RHT, CCL, RCL, NCLH…
Five sectors were higher and one was unchanged on Wednesday,
led by financial XLF +1.22% and technology XLK +1.02%.
SPY up .97 at 250.05 on 81.0 million shares, 21% above average. Up on higher
volume.
VIX down .30 at 9.87
Oil down .06 to 52.03
TLT down 1.91 at 124.85…on 12.1 million shares, 52% above
average. Down on higher
volume.
UTX +2.14%, and GS +2.10%, led
the DJIA, 16 advancers.
FOSL +5.43%, ULTA
+3.96% and
BBY +3.72% led the SPX.
MU +8.51%, AMAT
+6.36%, LRCX +5.87%,
CTAS +5.81%, and KLAC +5.04%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
IWM, QQQ, SPY, DIA,
Down:
Breadth strengthened
on Wednesday as advancers led 1,645 to
1,268 on
the NYSE and led 2,085 to 831 on the NASDAQ.
The SPY MFC green
line is in
upper zone at 91, bullish.
Uptrend
sectors: XLI,
XLF, XLB, XLK, XLV, XLE,
Neutral
sectors: XLY, XLP, XLRE, XLU,
Down trend
sectors:
Intermediate-term trending stocks: WYNN, MU, ALGN, BA, CBOE, A, ISRG, AA, LRCX,
SQ, CC, SHOP, TAL, TTWO, LYV, FCAU, WB, EDU, PYPL, ANET, NVDA, AABA, V, BABA,
ATVI, FB, EA, RACE, WUBA, ADBE, MCD, TRU, CCL, RCL,
74 of 100 NDX stocks closed
higher on Wednesday.
63
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 9
CTRP, CTXS, EXPE, IDXX, MSFT, MYL, QCOM, ULTA, WDC,
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: Up
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2 comments:
Excellent video Dave!!
Ryan...thank you...Dave
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