SPX, SPY Close Above Monday's Bullish Harami as Buyers are Back in Town...

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The DJIA, closed up 258 points at 26,036, led by strength in BA, UNH, HD, GS and UTX.  Closing below 27,000 for the twentieth-first straight day.

Ten of eleven sectors were higher on Wednesday, led by energy XLE +1.43% and discretionary XLY +1.25%.

HSY, TGT, HD, JWN and KEYS continued to trend up on Wednesday.

SPY up 2.02 at 288.89 on 59.8 million shares, 27% below average volume.  Up on lower volume.

VIX down .96 at 19.35

Oil up .21 at 55.90

TLT up .19 at 147.80 on 10.0 million shares. 

GLD down .41 at 145.16

DOW +3.28%, PFE +2.15%, led the DJIA, 26 advancers, +15

XEC +10.55%, COTY +6.02% and FANG +4.61% led the SPX.

AAL +3.60%, JBHT +3.29%, DLTR +2.95% and EBAY +2.79% led the NDX.

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

Up: IWM, DIA, SPY, QQQ,

Down:

Breadth strengthened on Wednesday, as advancers led 2,099 to 842 on the NYSE and led 2,101 to 936 on the NASDAQ

The SPY MFC green line pointed down at 31 and is short-term bearish. 

Uptrend sectors: XLRE, XLU, XLP, XLY, XLK,

Neutral sectors:  XLC, XLV, XLI, XLF, XLB,

Down trend sectors: XLE,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

76 of 100 NDX stocks closed higher on Wednesday.

32 NDX stocks are above their 30 DMA:  SBUX, FISV, AMGN, CELG, KLAC, TTWO, VRSK, VRTX, NTES, SYMC, PEP, EA, SNPS, INTU, AAPL, ADP, ATVI, BKNG, CHTR, COST, INCY, JBHT, MDLZ, NVDA, CMCSA, CTAS, IDXX, JD, QCOM, AAPL, DLTR, MYL, ORLY, SIRI, TXN,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 6

AAPL, DLTR, MYL, ORLY, SIRI, TXN,

Moving Below 30 DMA = 0

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