After the Close Review of Wednesday’s market action…QQQ, IWM, SPY, DIA, GS, CAT, IBM, NKE,
AAPL, JPM, V, AXP, BA, AMZN, EA, EBAY, NFLX, $VIX setups…10:20 pm PST
The DJIA rose 253 points to 24,893 led by strength in GS, CAT, IBM, AAPL, JPM, V, UNH, NKE, TRV,
BA and AXP.
Seven sectors were higher on Wednesday, led by financial XLF +2.38%, and technology XLK +1.84%.
SPY up 3.59 at 269.59 on 120.5 million shares, 4%
below average volume. Up on higher
volume.
VIX down 5.71 at 19.26
Oil up 1.79 to 60.74
TLT down 1.32 at 117.67 on
12.0 million shares, 4% below average volume. Down on higher volume.
NKE +3.17%, and GS +2.76%, led
the DJIA, 24 advancers.
FOSL +87.72%, CMG
+15.35%, and
IPG +10.22%, led the SPX.
ALXN +8.10%, LRCX
+6.06%, ALGN +5.40%,
CTAS +5.31% and LRCX +5.19% led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
QQQ, IWM, SPY, DIA,
Down:
Breadth strengthened
on Wednesday, as advancers led 2,056
to 899 on
the NYSE and led 2,168 to 719 on the
NASDAQ.
The SPY MFC green
line turned at 30, bullish.
Uptrend
sectors: XLY,
Neutral
sectors: XLF, XLV, XLI, XLK, XLE, XLB,
Down
trend sectors: XLP, XLRE, 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… CBOE, IBKR, ADBE, ANET, TAL, EA, EBAY, TTWO,
SHOP, LYV, SQ, RACE, ALGN, ATVI, FB,
FCAU, WB, RNG, AABA, BABA, CCL, RCL, BA, CAT, MAR, V, TRU, WYN, WYNN, PYPL,
NVDA, ISRG, VRSN, AA, WUBA, EDU, CC, MU, A,
91 of 100 NDX stocks closed
higher on Wednesday.
31
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 15
ALXN, ATVI, CA, CTAS,
FAST, IDXX, INTC, INTU, JBHT, JD, MAR, MSFT, MU, QCOM, STX,
Moving Below 30 DMA = 0
The
intermediate and long-term trends are still up. The two-month trend is sideways. The seven-day trend is sideways.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market Trend: Up
1 comment:
Great video.Thank you!
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