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The DJIA, closed down 100 points at 25,776, led by weakness in BA, AAPL, GS, HD and CAT.
Closing below 26,000 for the twelfth day after trading above
26,000 for the previous twenty-five trading days.
Four of eleven sectors were higher on Wednesday, led by utilities XLU +0.75% and healthcare XLV +0.57%.
SPY down .88 at 285.63 on 49.4 million shares, 31%
below average volume. Down on higher volume.
VIX down .20 at 14.75
Oil down 1.65 at 61.32
TLT up .72 at 126.25 on 5.6 million shares.
KO +2.16%, MRK +1.86%, led the DJIA, 12 advancers, -13
TGT +7.78%, AAP +3.09% and TWTR
+2.96%, led the SPX.
REGN +3.27%, HAS +2.12%, ILMN +2.08% and VRTX +1.92% led the NDX.Long term up trend intact. 3-day short term trend is sideways.
Up:
Down: SPY,
QQQ, DIA, IWM
Breadth weakened
on Wednesday, as decliners led 1,804 to 1,074 on the NYSE and
led 1,991 to 1,035 on the NASDAQ
The SPY
MFC green line is pointed up at 40 and is short-term
bullish.
Uptrend sectors: XLP, XLRE, XLU, XLY, XLK, XLI, XLC,
Neutral sectors:
XLF, XLB, XLE, XLV,
Down trend sectors:
The 6-month intermediate
trend is up. The ten-day trend is down.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
39 of 100 NDX stocks closed higher on Wednesday.
44 NDX stocks are above their 30
DMA: MDLZ, PAYX, VRSK, CHKP, CMCSA, PEP, SBUX, NTES,
ALGN, ILMN, CELG, CERN, HSIC, CTAS, WYNN, CHTR, TMUS, HAS, INTU,
IDXX, MNST, XRAY, TTWO, INCY, MELI, MSFT, PYPL, VRSN, WDAY, BMRN,
CELG, COST, ADP, CSCO, GILD, FISV, BIIB, LULU, ULTA, ADBE, ADSK, INCY,
SBUX, WLTW,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 5
CSX, EA, FOXA, PCAR, ROST,
1 comment:
it will be interesting to see how big of a pullback we can get ..... wanting to reload.
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