© 2019
The Fed
cut interest rates by.25% and after the close AAPL +4.93,
+2.03%, FB +8.39, +4.46% and WDC
-6.16, -9.91% reported earnings.
SPX
closes at an all-time new high of 3,046.
The DJIA, closed up 115 points at 27,186 led by strength in MCD, JNJ, UNH, HD and UTX. Closing above 27,000 for the third day in a row.
Nine of eleven sectors were higher on Wednesday, led by XLU, XLV and XLRE.
SPY up .93 at 304.14 on 49.6 million shares, below average volume. Up on higher volume.
VIX down .87 at 12.33
Oil down .60 at 54.90
TLT up 2.01 at 139.36 on 10.9 million shares
GLD up .77 at 141.02
JNJ, MCD, MRK led the DJIA, 20 advancers, +9
GE, GRMN, CNC led the SPX, 268 advancers
WDAY, NFLX, ATVI, WYNN led the NDX, 63 advancers
Long term up
trend intact. 3-day short term trend is up.
Up: QQQ, SPY,
DIA,
Down: IWM,
Breadth was
stable on Wednesday as advancers led 1,547 to 1,375 on the NYSE and
led 1,535 to 1,527 on the NASDAQ
The SPX
MFC green line is above 80 at 96 and is short-term
bullish.
Uptrend sectors: XLK, XLF, XLRE, XLV, XLP, XLU,
Neutral sectors:
XLC, XLI, XLB,
XLY,
Down trend sectors: XLE,
The 6-month intermediate
trend is up. The ten-day trend is up.
3-month Intermediate Term Market Trend: Up a little
3-day Short Term Market Trend: Up
63 of 100 NDX stocks
closed higher on Wednesday.
79 NDX stocks are above their 30 DMA: KLAC, AAPL, ASML, CTXS, CTAS, ALGN, CELG,
CHTR, NVDA, XRAY, COST, LULU, SWKS, TSLA, EXPE, INTC, ISRG, ORLY,
PAYX, AMGN, FAST, GOOGL, NTES, PCAR, SIRI, WYNN, AAL, AMD, INCY, VRTX, BKNG,
ISRG, JBHT, JD, NTAP, QCOM, TMUS, UAL, WBA, FOXA, CSX, BIIB, KHC, ALXN, FB,
MAR, ADP, AMAT, AMZN, AVGO, BMRN, LRCX, MCHP, MSFT, MU, PYPL, WDC, NFLX,
VRSN, CDNS, CHKP, CTRP, MXIM, NXPI, FISV, HSIC, MYL, ADBE, ADSK, ATVI, CERN,
CSCO, EA, IDXX, MELI, PEP, ROST, SNPS, WLTW,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 12
ADBE, ADSK, ATVI, CERN, CSCO, EA, IDXX,
MELI, PEP, ROST, SNPS, WLTW,
Moving Below 30 DMA = 1
CMCSA,
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