SPY Moves Higher, Forms Doji with Close Near Open...

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QQQ, DIA, SPY and IWM rose on Wednesday, while momentum slowed with each forming a doji or spinning top:

• SPY continued its eight-week rally on US/China trade optimism,
• CRL, ATVI, HLT, MOH, GTES and IPG each gained more than 4% following a positive earnings reaction,
• YELP and CSCO rose after the close on positive earnings reaction and NTAP fell.

The DJIA, closed up 117 points at 25,543, led by strength in MMM, HD, V, IBM and DIS. 

Ten of eleven sectors were higher on Wednesday, led by energy XLE +1.25% and discretionary XLY +0.68%.

SPY up .89 at 274.99 on 65.2 million shares, 27% below average volume. Up on lower volume.

VIX up .22 at 15.65

Oil up .61 at 53.95

TLT down .45 at 121.10 on 4.7 million shares. 

HD +1.56%, MMM +1.52%, led the DJIA, 23 advancers, -5

FCX +6.96%, HLT +6.79% and IPG +4.75%, led the SPX.

ATVI +6.96%, MAR +3.59%, TTWO +3.24%, and MU +3.17% led the NDX.

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

Up: DIA, SPY, IWM, QQQ,

Down:

Breadth weakened on Wednesday, as advancers led 1,874 to 991 on the NYSE and led 1,712 to 1,301 on the NASDAQ

The SPY MFC green line is in the upper zone at 94 and is short-term bullish.

Uptrend sectors: XLRE, XLC, XLI,

Neutral sectors:  XLU, XLK, XLY, XLV, XLP, XLB, XLF, 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

57 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, CDNS, CTRP, EBAY, FB, PCAR, PYPL, TMUS, WYNN, XLNX, CTAS, MELI, TXN, ULTA, VRSN, ADBE, ADSK, 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, CSCO, FISV, MU, SBUX, ASML, FOXA, LBTYA, BKNG, CERN, CMCSA, JD, MAR, AAL, SYMC, UAL, WDC, BIDU, MYL, AAPL, AMD, ORLY, PEP, CHTR, NVDA, INTC, CTXS, MSFT, EA, AMZN, BMRN, COST, HSIC, VRTX, WBA,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 1

NTES,

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