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The DJIA, closed up 207 points at 25,539, led by strength in BA, V,
AAPL, HD and MSFT. Closing above 25,000 above for the second day after closing below
for two days.
Ten of eleven sectors were higher on Wednesday, led by real estate XLRE +2.28% and utilities XLU +2.14%.
SPY up 2.43 at 282.96 on 71.1 million
shares, 10% below average
volume. Up on lower volume.
VIX down .88 at 16.09
Oil down 1.26 at 51.69
TLT down .74 at 130.19 on 8.8 million shares.
CSCO +2.86%, MSFT +2.17%, led the DJIA, 23 advancers, -5
FOSL +12.34%, MAT +11.71% and DLPH
+9.03%, led the SPX.
AAL +4.26%, MELI +3.16%, VRSN +3.11% and LULU +2.67% led the NDX.
Long term up
trend intact. 3-day short term trend is up.
Up: SPY,
DIA, QQQ, IWM,
Down:
Breadth weakened
on Wednesday, as advancers led 1,456 to 1,421 on the NYSE and decliners
led 1,742 to 1,329 on the NASDAQ
The SPY
MFC green line is turned up at 19 and is short-term bullish.
Uptrend sectors: XLP, XLRE, XLU, XLY, XLK, XLI,
Neutral sectors:
XLC, XLF, XLB, XLE, XLV,
Down trend sectors:
The 6-month intermediate
trend is up. The ten-day trend is down a little.
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Up
65 of 100 NDX stocks closed higher on Wednesday.
37 NDX stocks are above their 30 DMA: PAYX, PEP, CERN, CTAS, CHTR,
IDXX, MNST, XRAY, TTWO, MELI, INCY, ORLY, AMD, MDLZ, WLTW, AMGN,
CELG, COST, EA, HAS, HSIC, ILMN, SBUX, TMUS, VRSK, VRSN, VRTX, ADP, CSCO, CSX, EXPE,
FISV, INTU, LULU, PCAR, PYPL, SNPS,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 10
ADP, CSCO, CSX, EXPE, FISV, INTU,
LULU, PCAR, PYPL, SNPS,
Moving Below 30 DMA = 0
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