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The DJIA, closed down 141 points at 25,745, led by weakness in GS, UNH, JPM, AXP and TRV.
Five of eleven sectors were higher on Wednesday, led by communication
services XLC +0.90% and
energy XLE +0.88%.
SPY down .85 at 281.55 on 84.6 million shares, 12%
above average volume. Down on lower volume.
VIX up .35 at 13.91
Oil up .70 at 59.99
TLT up 1.27 at 122.68 on 10.1 million shares.
HD +1.07%, MCD +1.02%, led the DJIA, 7 advancers, -8
SWN +5.05%, PXD +4.51% and TWTR +4.16%, led the SPX.
NFLX +4.58%, MELI +3.23%, ALGN +2.46%, and FB +2.40%, led the NDX.
Long term up
trend intact. 3-day short term trend is sideways.
Up: QQQ,
Down: SPY, DIA, IWM,
Breadth weakened
on Wednesday, as decliners led 1,601 to 1,267 on the NYSE
and led 1,853 to 1,193 on the NASDAQ
The SPY
MFC green line is in the upper zone, at 91 and is short-term
bullish.
Uptrend sectors: XLRE, XLU, XLC, XLK, XLI, XLB, XLY,
Neutral sectors:
XLV, XLP, XLF, XLE,
Down trend sectors:
The 6-month intermediate
trend is down. The ten-day trend is up.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
30 of 100 NDX stocks closed higher on Wednesday.
68 NDX stocks are above their 30
DMA: CDNS, CTRP, PYPL, TMUS, XLNX, CTAS,
MELI, ULTA, VRSN, INTU, ADI, KLAC, SNPS, MDLZ, PAYX, WLTW, CSX, ALXN, GOOGL, VRSK,
ADP, CHKP, CSCO, FOXA, CMCSA, JD, AAPL, PEP, CHTR, INTC, MSFT, COST,
QCOM, XRAY, DLTR, ILMN, ISRG, AMZN, CERN, INCY, NFLX, NVDA, SIRI, SYMC, TXN,
ASML, FAST, NTAP, SBUX, AMGN, ATVI, IDXX, LBTYA, NTES, TTWO, LRCX, ALGN, AMAT,
AVGO, BIDU, MAR, ORLY, ADBE, AMD, CELG, EBAY, HSIC, WDAY,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 5
BIIB, GILD, NXPI, PCAR, SWKS,
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