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IWM, QQQ, AMZN, COST, FOXA, NFLX, PAYX, and SQ made new highs.
SPY and DIA are
in a bull flag price pattern. QQQ is a horizontal breakout setup and IWM made a new all-time closing high.
Other bull flags include: ADBE, AKAM, ATVI, CSX, EA, HD,
JD, TGT, TXN, V, UNH.
Horizontal breakout setups include: MSFT,
PYPL, TWTR, NTAP
The DJIA, closed down 42 points at 24,657, led by weakness in TRV, MCD, MMM and IBM.
Eight sectors were higher on Wednesday, led by real estate XLRE +1.08% and
discretionary XLY +0.47%.
SPY up .47 at 275.97, on 53.7 million shares, 22% below average
volume. Up on lower volume.
VIX down .56 at 12.79
Oil up .44 at 65.34
TLT down 1.06 at 119.91 on
6.8 million shares.
MSFT +1.00%, INTC
+1.00%, led the DJIA, 10 advancers.
APA +5.59%, ANSS
+3.38% and
VIAB +3.14%, led the SPX.
FOXA +7.54%, WBA
+5.25%, REGN +3.01%,
and NFLX +2.91%, led
the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is down.
Up: IWM, QQQ, SPY,
Down:
DIA,
Breadth strengthened
on Wednesday, as advancers led 1,758
to 1,125 on the NYSE and led 1,852 to
1,049 on
the NASDAQ
The SPY MFC green
line is in the
upper zone and is at 89, bullish.
Uptrend
sectors: XLY,
XLK, XLRE, XLE, XLV
Neutral
sectors: XLF, XLI, XLB, XLU, XLP
Down
trend sectors:
Intermediate-term trending stocks:
RACE, ADBE,
IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA,
WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP, EL
BA, MU,
MAR, CMA, CME, ANET, HRS, KORS,
DLTR, WB,
TPR,
69 of 100
NDX stocks closed higher on Wednesday.
79
NDX stocks are above their 30
DMA.
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 5
FAST, LBTYA, SNPS, SWKS,
ULTA,
Moving Below 30 DMA = 1
SBUX,
The
6-month intermediate and long-term trends are still up. The three-month trend
is sideways. The ten-day trend is up.
3-month Intermediate Term
Market Trend: Sideways
3-day Short Term Market Trend: Down
2 comments:
Market continues to show clues where it goes....
we miss the video clips
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