New All-time Closing High in SPX, DJI, NDX, SPY, DIA, QQQ...DJI on the Brink of 27,000...

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Have a Happy Fourth of July!!!

Celebrate Freedom and Honor all who have willingly sacrificed knowing that Freedom and the unalienable rights of Life, Liberty and the Pursuit of Happiness are not free.  May all Americans have a greater respect and sense of responsibility to the fact that in the history of Mankind, none have had greater blessings than we now enjoy.

On January 18, 2018 the DJIA closed above 26,000 for the first time in history.  Since that time it has spent the majority of the time ranging between 23,500 and 26,950, except for ten days beginning on December 19.  The DJIA sits just 34 points below 27,000.  Will the DJIA make history on Friday with a close above 27,000?

The DJIA, closed up 179 points at 26,966, led by strength in MCD, PG, JNJ, HD and AAPL.  Closing above 26,000 above for the eighteenth straight day. 

All eleven sectors were higher on Wednesday, led by real estate XLRE +1.44% and staples XLP +1.24%. 

SPY up 2.37 at 298.80 on 40.9 million shares in a half day of trading, 40% below average volume for a full day. Adjusting the percentage for the half day of trading, volume was 10% above average. Up on lower volume than Tuesday.

VIX down .36 at 12.57

Oil up 1.08 at 57.40

TLT up .95 at 134.21 on 5.3 million shares. 

PG +2.33%, MRK +1.63%, led the DJIA, 26 advancers, +5

JEF +6.42%, K +6.30% and CAG +5.96%, led the SPX.

SYMC +13.57%, TSLA +4.61%, SBUX +2.67% and KHC +2.39% led the NDX.

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

Up: SPY, QQQ, IWM, DIA,

Down: 

Breadth strengthened on Wednesday, as advancers led 2,070 to 749 on the NYSE and led 1,972 to 1,030 on the NASDAQ

The SPY MFC green line is pointed up in the upper zone at 93 and is short-term bullish. 

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

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

77 of 100 NDX stocks closed higher on Wednesday.

97 NDX stocks are above their 30 DMA:  PEP, CERN, CTAS, CHTR, IDXX, XRAY, TTWO, MELI, MDLZ, WLTW, AMGN, COST, HAS, ILMN, SBUX, VRSN, EXPE, FISV, INTU, PCAR, PYPL, SNPS, LBTYA, MSFT, MXIM, ROST, BKNG, CTSH, EBAY, GILD, ISRG, MAR, AAPL, ADI, AMZN, CDNS, DLTR, INTC, WBA, 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, ADP, BIDU, CHKP, FOXA, JBHT, LRCX, REGN, VRSK, CSX, ADSK, CMCSA, GOOGL, NTAP, NTES, WDAY, CSCO, ORLY, ADP, BMRN, HSIC, TMUS, ULTA,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 5

ADP, BMRN, HSIC, TMUS, ULTA,

Moving Below 30 DMA = 0

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