IWM Rises as SPY, DIA, QQQ Pause Day after Record Close...FB, MSFT, LRCX Soar After-hours...

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Weekly SPX EPS reactions through Wednesday: 31 positive:  KMB, CDNS, CE, WHR, ZION, CNC, DGX, FITB, HAS, KO, LMT, NEE, NTRS, NUE, PGR, PHM, SHW, TWTR, UTX, EBAY, FE, TXN, ANTM, APD, BA, DTE, FE, FLIR, NSC, TEL, TROW…23 negative: HAL, GWW, HOG, NEE, PG, STT, VZ, WAT, EW, RHI, SYK, TSS, APH, AVY, BIIB, BSX, CAT, GD, NDAQ, NOC, ROL, SWK, T, TMO

The DJIA, closed down 59 points at 26,597, led by weakness in CAT, CVX, GS, XOM and JNJ.  Seventeenth straight close above 26,000 since March 1.

Five of eleven sectors were higher on Wednesday, led by real estate XLRE +0.70% and utilities XLU +0.64%.

SPY down .65 at 292.23 on 50.3 million shares, 24% below average volume. Down on lower volume.

VIX up .86 at 13.14

Oil down .40 at 65.78

TLT up 1.00 at 123.57 on 7.3 million shares. 

DIS +1.30%, MCD +1.21%, led the DJIA, 13 advancers, -9

APC +11.58%, TEL +6.70% and FLIR +5.47%, led the SPX.

EBAY +5.04%, ADI +2.79%, HAS +2.51%, and KLAC +2.01%, led the NDX.

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

Up: IWM,

Down: DIA, SPY, QQQ,

Breadth weakened on Wednesday, as advancers led 1,444 to 1,418 on the NYSE and decliners led 1,581 to 1,443 on the NASDAQ

The SPY MFC green line is at 94 and is intermediate-term bullish. 

Uptrend sectors: XLRE, XLU, XLP, XLY, XLK, XLI, XLC, XLB, XLF,

Neutral sectors:  XLE, XLV,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

52 of 100 NDX stocks closed higher on Wednesday.

79 NDX stocks are above their 30 DMA:  CDNS, PYPL, XLNX, ULTA, VRSN, KLAC, SNPS, MDLZ, PAYX, WLTW, CSX, ALXN, GOOGL, VRSK, ADP, CHKP, CSCO, CMCSA, JD, AAPL, PEP, INTC, MSFT, COST, DLTR, AMZN, NVDA, SYMC, NTAP, SBUX, NTES, ALGN, AVGO, ORLY, AMD, ADBE, FAST, ILMN, LULU, MAR, PCAR, AMAT, ASML, CELG, CERN, FB, HSIC, LRCX, MU, ROST, SWKS, ADI, ADSK, CTAS, MCHP, MXIM, NXPI, TXN, WDC, WYNN, AAL, BKNG, LBTYA, UAL, KHC, CHTR, EXPE, TMUS, HAS, QCOM, INTU, IDXX, NFLX, ATVI, CTSH, MNST, WDAY, EBAY, XRAY,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 2

EBAY, XRAY,

Moving Below 30 DMA = 7

BIDU, CTRP, CTXS, FISV, FOXA, MELI, SIRI,

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