Stocks Pause on Wednesday as SPX, NDX, RUT form Bull Flag...

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Bull Flag Setups:  NTES, CTXS, KLAC, AAPL, JBHT, FAST, AMD, CHTR, ASML, NXPI, MU

The DJIA, closed unchanged at 27,492 led by strength in MCD, HD, PG, TRV and AXP.  Closing above 27,000 for the eighth day in a row.

Seven of eleven sectors were higher on Wednesday, led by XLF, XLP and XLU.

SPY up .07 at 307.10 on 46.3 million shares, below average volume.  Up on higher volume.

VIX down .48 at 12.62

Oil down .88 at 56.39

TLT up .83 at 137.98 on 9.3 million shares

GLD up .60 at 140.45

PG, CSCO, VZ led the DJIA, 20 advancers, +5

COTY, DVA, HPQ led the SPX, 263 advancers

LULU, TSLA, NTES, ADP led the NDX, 42 advancers

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

Up: SPY,

Down:  DIA, QQQ, IWM,                                 

Breadth weakened on Wednesday as decliners led 1,627 to 1,332 on the NYSE and led 1,970 to 1,120 on the NASDAQ

The SPX MFC green line is above 80 at 96 and is short-term bullish. 

Uptrend sectors:  XLK, XLF, XLV, XLI, XLB,

Neutral sectors:  XLC, XLY, XLE, XLP, XLU, XLRE,

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

42 of 100 NDX stocks closed higher on Wednesday.

72 NDX stocks are above their 30 DMA:  KLAC, AAPL, ASML, CTXS, ALGN, CELG, CHTR, NVDA, XRAY, COST, SWKS, TSLA, INTC, ISRG, ORLY, 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, AMAT, AMZN, AVGO, BMRN, LRCX, MCHP, MSFT, MU, NFLX, CHKP, CTRP, MXIM, NXPI, HSIC, ADBE, ADSK, ATVI, CTSH, LBTYA, BIDU, GILD, ROST, SYMC, ADI, CDNS, CSCO, EA, ULTA, FISV, LULU,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 2

FISV, LULU,

Moving Below 30 DMA = 3

MNST, VRSN, XLNX,

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