After the Close video will return on Thursday…
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The DJIA closed at 26,149, up 72
points on strength in BA, MSFT, UTX, TRV and NKE.
Wednesday was the eleventh close above 26,000, and the nineteenth close above 25,000.
Record highs: BA, MSFT, TRV, ADP, ATVI, IDXX, MAR,
MELI, NVDA, PYPL, VRSK
Seven sectors were higher on Wednesday, led by real estate XLRE +2.05% and utilities XLU +1.11%.
SPY up .14 at 281.90 on 118.9 million shares, 26% above average volume. Up
on lower volume.
VIX down 1.25 at 13.54
Oil up .78 to 64.77
TLT up .72 at 122.73 on
18.0 million shares, 80% above average volume. Up on higher volume.
BA +4.93% and MSFT +2.45%, led
the DJIA, 17 advancers.
AMD +6.76%, DLR
+5.06%, and
AVY +4.56%, led the SPX.
TTWO +7.07%, EA
+6.96%, MU +4.92%,
ATVI +3.52%, and AAL +3.29%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is down.
Up:
QQQ, DIA, SPY,
Down:
IWM,
Breadth strengthened
on Wednesday, as advancers led 1,563
to 1,371 on the NYSE and decliners led 1,803 to 1,106 on the NASDAQ.
The SPY MFC green
line is in the
upper zone at 88, bullish.
Uptrend
sectors: XLY,
XLK, XLF, XLE, XLP, XLV, XLB, XLI,
Neutral
sectors: XLRE,
Down
trend sectors: XLU,
Intermediate-term trending stocks: Many of these stocks have had significant
pull backs over the past month and it is appropriate to wait for the uptrend
to resume before considering entry… BA, CAT, MAR, V, CBOE, IBKR, TRU, WYN,
MCD, WYNN, ADBE, PYPL, ANET, RNG, NVDA, ISRG, VRSN, CDNS, AA, WUBA, TAL, EDU,
FCAU, LRCX, CC, WB, MU, LYV, FB, A, TTWO, AABA, BABA, CCL, RCL, SHOP, ATVI, SQ,
RACE, ALGN,
53 of 100 NDX stocks closed
higher on Wednesday.
69
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 4
AAL, ADI, CDNS, MU,
Moving Below 30 DMA = 7
ALXN, CERN, CHKP, CSX, PCAR,
REGN, TXN,
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short
Term Market Trend: Down
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