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The DJIA, closed up 2 points at 25,967, led by strength in BA, UTX, DIS, UNH and UNH. Closing below 26,000 for the second day after trading above for
the previous twenty-five trading days.
Two of eleven sectors were higher and three unchanged
on Wednesday, led by healthcare XLV +0.21% and discretionary XLY +0.03%.
SPY down .40 at 287.53 on 91.5 million shares, 40%
above average volume. Down on lower volume.
VIX up .08 at 19.40
UTX +1.20%, DIS +1.16%, led the DJIA, 15 advancers, +15
Long term up trend intact. 3-day short term trend is down.
Up: DIA,
Down: SPY,
QQQ, IWM
Breadth strengthened
on Wednesday, as decliners led 1,518 to 1,299 on the NYSE and
led 1,660 to 1,375 on the NASDAQ
The SPY
MFC green line moved below the upper zone and is pointed down at 75. Short-term
defensive in an intermediate-term up trend.
Uptrend sectors: XLRE, XLU, XLP, XLY, XLK, XLI, XLC, XLF,
Neutral sectors:
XLB, XLE, XLV,
Down trend sectors:
The 6-month intermediate
trend is sideways. The ten-day trend is down.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
42 of 100 NDX stocks closed higher on Wednesday.
47
NDX stocks are above their 30
DMA: CDNS, PYPL,
VRSN, SNPS, MDLZ, PAYX, CSX, VRSK, CHKP, CMCSA, AAPL, PEP, MSFT, AMZN, SBUX, NTES,
ALGN, ADBE, ILMN, LULU, MAR, ASML, CELG, CERN, FB, HSIC, LRCX, ADSK, CTAS,
NXPI, WYNN, AAL, CHTR, TMUS, HAS, QCOM, INTU, IDXX, MNST, WDAY, EBAY,
XRAY, TTWO, GILD, INCY, ILMN, MELI,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 6
ADI, MCHP, MXIM, NFLX, TXN, UAL,
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