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The DJIA, closed up 38 points at 26,504, led by strength in UNH, DIS,
V, TRV and AXP. Closing above 26,000 above for the eighth straight day.
Seven of eleven sectors were higher on Wednesday, led by healthcare XLV +0.90% and utilities XLU +0.76%.
SPY up .66 at 293.06 on 78.6 million
shares, 4% above average
volume. Up on lower volume.
VIX down .82 at 14.33
Oil up .08 at 54.38
TLT up .19 at 132.54 on 11.9 million shares.
DIS +1.21%, MRK +1.03%, led the DJIA, 20 advancers, -3
AGN +6.23%, IQV +5.89% and LW
+3.99%, led the SPX.
ADBE +5.21%, CDNS +3.22%, ULTA +3.06% and MELI +2.99% led the NDX.Long term up trend intact. 3-day short term trend is up.
Up: QQQ,
IWM, SPY, DIA,
Down:
Breadth weakened
on Wednesday, as advancers led 1,708 to 1,137 on the NYSE and led 1,778 to 1,253 on the NASDAQ
The SPY
MFC green line crossed into the upper zone at 83 and is short-term bullish.
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: Up
77 of 100 NDX stocks closed higher on Wednesday.
86 NDX stocks are above their 30 DMA: PAYX, PEP, CERN, CTAS, CHTR,
IDXX, XRAY, TTWO, MELI, ORLY, AMD, MDLZ, WLTW, AMGN, CELG, COST,
HAS, HSIC, ILMN, SBUX, VRSK, VRSN, ADP, CSCO, EXPE, FISV, INTU, PCAR, PYPL,
SNPS, AMAT, LBTYA, MSFT, MXIM, ROST, WDAY, BKNG, CTSH, EBAY, GILD, ISRG, MAR, AAPL,
ADI, AMZN, CDNS, DLTR, INTC, NTES, WBA, ULTA, CTXS, UAL, AAL, ATVI, LULU, SIRI,
CMCSA, FB, TSLA, VRTX, ADBE, BIIB, BMRN, INCY, SYMC, AMAT, ASML, AVGO, CSX,
FAST, JD, KLAC, MCHP, NFLX, NVDA, NXPI, SWKS, TMUS, TXN, WYNN, XLNX, ALXN,
CTRP, KHC, REGN,
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 4
ALXN, CTRP, KHC, REGN,
Moving Below 30 DMA = 1
FOXA,
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