Bull Flag Bounce Breaks out to New All-time High on SPX, NDX, SPY, QQQ...XLNX, PYPL Fall After-hours...

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XLNX -7.84, -4.12%, PYPL -5.00, -4.12%, and FB +1.78, +0.87%, after reporting EPS Wednesday after the close

New all-time closing highs:

SPX = 3,019

NDX = 8,010

SPY = 301.44

QQQ = 195.15

The DJIA, closed down 79 points at 27,269, led by weakness in BA, CAT, UNH, MCD and PG.  Closing above 27,000 for the tenth straight day. 

Eight of eleven sectors were higher on Wednesday, led by financials XLF +1.03% and communication services XLC +0.88%. 

SPY up 1.41 at 301.44 on 47.2 million shares, 15% below average volume.  Up on higher volume.

VIX down .54 at 12.07

Oil down 1.27 at 55.90

TLT up .57 at 131.79 on 6.3 million shares. 

INTC +2.26%, V +1.34%, led the DJIA, 14 advancers, -8

EW +9.94%, GWW +9.07% and DFS +8.90%, led the SPX.

TXN +7.44%, NXPI +4.52%, MCHP +4.47% and PCAR +4.20% led the NDX.

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

Up: IWM, QQQ, SPY,

Down: DIA,

Breadth strengthened on Wednesday, as advancers led 2,133 to 782 on the NYSE and led 2,207 to 855 on the NASDAQ

The SPY MFC green line is pointed up in the upper zone at 88 and is short-term bullish. 

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

Neutral sectors:  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

74 of 100 NDX stocks closed higher on Wednesday.

78 NDX stocks are above their 30 DMA:  CTAS, CHTR, IDXX, TTWO, WLTW, COST, HAS, SBUX, VRSN, EXPE, FISV, INTU, PYPL, SNPS, MSFT, MXIM, ROST, BKNG, CTSH, AAPL, ADI, AMZN, CDNS, INTC, CTXS, UAL, AAL, LULU, SIRI, FB, TSLA, ADBE, SYMC, AMAT, ASML, AVGO, JD, KLAC, MCHP, NVDA, SWKS, TXN, WYNN, XLNX, QCOM, WDC, AMD, CTRP, MU, FOXA, VRSK, ADSK, CMCSA, GOOGL, CSCO, ORLY, ULTA, LRCX, TMUS, JBHT, NXPI, ADP, ISRG, EBAY, KHC, LBTYA, MELI, BIIB, MAR, MNST, REGN, WBA, ATVI, BIDU, FAST, MYL, PCAR, WDAY,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 6

ATVI, BIDU, FAST, MYL, PCAR, WDAY,

Moving Below 30 DMA = 0

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