AAPL, AMD, BA Lead Broad Rally and Lift NDX, DJIA...FB +11.35% in After-hours...

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SPY, QQQ and IWM bounced in their bull flag price pattern and are a horizontal breakout setup:

• AMD, AAPL, BA, SYK, ANTM, RCL, KLAC and ALGN had positive earnings reactions on Wednesday.
• As expected FOMC left rates unchanged and the Fed Chair was able to more clearly communicate the message.
• FB +11.51% and WYNN +3.25% gained on positive EPS reaction in after-hours
• ALGN +4.86% reversed Tuesday’s after-hours negative EPS reaction,
• Jobs Report for January on Friday before the open. 

                            (click image to enlarge)

The DJIA, closed up 434 points at 25,014, led by strength in BA, AAPL, CAT, MSFT and UNH.  AAPL +6.83% and BA +6.25% gained on a positive earnings reaction.  MSFT -2.99% was down after reporting earnings after the close. 

All eleven sectors were higher on Wednesday, led by technology XLK +1.38% and materials XLB +1.04%.

SPY up 4.17 at 267.58 on 92.3 million shares, 27% below average volume. Up on higher volume.

VIX down 1.47 at 17.66 

Oil up .98 at 54.22

TLT down .09 at 120.93 on 10.5 million shares. 

AAPL +6.83%, BA +6.25%, led the DJIA, 27 advancers, +9

SYK +11.37%, ANTM +9.11% and RCL +7.97%, led the SPX.

AMD +19.95%, MYL +7.13%, KLAC +4.94%, and ALGN +4.86% led the NDX.

Long term up trend intact.  3-day short term trend is up.

Up: QQQ, DIA, SPY, IWM,

Down:

Breadth strengthened on Wednesday, as advancers led 2,366 to 594 on the NYSE and led 2,123 to 896 on the NASDAQ

The SPY MFC green line is in the upper zone pointed up at 91 and is short-term bullish.

Uptrend sectors:  

Neutral sectors:  XLRE, XLU, XLB, XLY, XLC, XLV, XLI, XLK, XLF, XLP, XLE,

Down trend sectors:

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Up

88 of 100 NDX stocks closed higher on Wednesday.

90 NDX stocks are above their 30 DMA:  DLTR, REGN, WDAY, XRAY, ROST, LULU, CELG, INCY, NFLX, AMZN, BIIB, CDNS, CTRP, EA, EBAY, FB, GILD, PCAR, PYPL, TMUS, VRTX, WYNN, XLNX, CTAS, MELI, TXN, ULTA, VRSN, ADBE, ADSK, BMRN, HAS, INTU, MCHP, ADI, AMAT, AVGO, ISRG, KLAC, LRCX, NXPI, SNPS, FAST, JBHT, MDLZ, MNST, PAYX, SWKS, WLTW, CSX, ALXN, CTSH, EXPE, GOOGL, IDXX, KHC, MXIM, NTAP, VRSK, ALGN, ADP, CHKP, COST, CSCO, FISV, MU, SBUX, ASML, FOXA, LBTYA, BKNG, CERN, CMCSA, JD, MAR, AAL, SYMC, UAL, WDC, BIDU, MYL, WBA, AAPL, AMD, HSIC, INTC, MSFT, NTES, ORLY PEP,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 8

AAPL, AMD, HSIC, INTC, MSFT, NTES, ORLY PEP,

Moving Below 30 DMA = 0

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