DIA / DJIA New All-time Closing on Strength in UNH, JPM, DIS, AXP, NKE, GS, MMM, HD...Tech Stocks Hit Leading QQQ Lower...

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After the Close Review of Wednesday’s market action…record high in DIA, UNH, JPM, HD, NKE, IWM, SPY, QQQ, VIX, TLT and more setups and great technical analysis insights…9:35 pm PST

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Eight sectors were higher on Wednesday, led by financials XLF +1.71% and industrials XLI +0.88%.

SPY down .16 at 262.71 on 77.3 million shares, 20% above average volume.  Down on lower volume.

VIX up .67 at 10.70

Oil down .36 to 57.39

TLT down 1.25 to at 125.54…on 13.2 million shares, 88% above average volume.  Down on higher volume.

JPM +3.50%, and JPM +2.34%, led the DJIA, 20 advancers.

TGT +8.94%, M +8.16%, and AAP +7.66%, led the SPX.

LBTYA +7.17%, VIAB +5.14%, DISCA +5.01%, HOLX +4.50%, and CSX +4.43%, led the NDX.

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

Up: DIA, IWM,

Down: SPY, QQQ

Breadth weakened on Wednesday as advancers led 1,480 to 1,474 on the NYSE and decliners led 1,509 to 1,403 on the NASDAQ.

The SPY MFC green line in the upper zone at 94 bullish.

Uptrend sectors:  XLY, XLK, XLF, XLU, XLB, XLI, XLRE, XLE,

Neutral sectors: XLP, XLV,

Down trend sectors:

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

39 of 100 NDX stocks closed higher on Wednesday.

54 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 6

ADP, CA, CMCSA, DISCA, LBTYA, SIRI,

Moving Below 30 DMA = 15

ADBE, ADSK, AMAT, ATVI, FB, HAS, INTC, KLAC, LRCX, MU, MXIM, NFLX, NVDA, PYPL, TXN,

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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