Bull Flag Day 4, Semi's Lift QQQ, as DIA, SPY, QQQ, Drift Lower...MU +13% on EPS...

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The DJIA, closed down 11 points at 26,536, led by weakness in TRV, UNH, JNJ, PG and MRK.  Closing above 26,000 above for the thirteenth straight day. 

Four of eleven sectors were higher on Wednesday, led by energy XLE +1.54% and technology XLK +1.08%.  

SPY down .29 at 290.47 on 51.5 million shares, 27% below average volume. Down on lower volume.

VIX down .07 at 16.21

Oil up .44 at 59.21

TLT down .85 at 131.97 on 12.7 million shares. 

WBA +1.92%, MCD +0.88%, led the DJIA, 6 advancers, -13

CTVA +5.75%, MPC +5.49% and INFO +5.25%, led the SPX.

MU +13.34%, WDC +7.30%, JD +5.75% and NVDA +5.14% led the NDX.

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

Up: QQQ,

Down: SPY, DIA, IWM

Breadth strengthened on Wednesday, as advancers led 1,545 to 1,362 on the NYSE and decliners led 1,575 to 1,546 on the NASDAQ

The SPY MFC green line is pointed down in the upper zone at 88 and is short-term counter-trend defensive. 

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

Neutral sectors:  XLF, XLE,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

51 of 100 NDX stocks closed higher on Wednesday.

79 NDX stocks are above their 30 DMA:  PEP, CERN, CTAS, CHTR, IDXX, XRAY, TTWO, MELI, MDLZ, WLTW, AMGN, COST, HAS, HSIC, ILMN, SBUX, VRSN, ADP, CSCO, EXPE, FISV, INTU, PCAR, PYPL, SNPS, LBTYA, MSFT, MXIM, ROST, BKNG, CTSH, EBAY, GILD, ISRG, MAR, AAPL, ADI, AMZN, CDNS, DLTR, INTC, WBA, ULTA, CTXS, UAL, AAL, ATVI, LULU, SIRI, FB, TSLA, VRTX, ADBE, BIIB, INCY, SYMC, AMAT, ASML, AVGO, FAST, JD, KLAC, MCHP, NFLX, NVDA, NXPI, SWKS, TXN, WYNN, XLNX, ALXN, KHC, MNST, QCOM, EA, WDC, MYL, AMD, CTRP, MU,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 3

AMD, CTRP, MU,

Moving Below 30 DMA = 5

ADP, CMCSA, ORLY, REGN, VRSK,

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