© 2019
The
Nasdaq 100 and Composite Indexes made new all-time closing highs
at 8,912.73 and the Composite at 9,129.24, after the President’s address on the
Middle East today.
Nine of eleven sectors were higher on Wednesday, led by XLK, XLC and XLF.
SPY up 1.72 at 324.45 on 68.4 million shares, above average volume. Up on higher volume.
VIX down .34 at 13.45
UNH, AXP, V led the DJIA, 21 advancers, +15
STZ, LH, ANTM led the SPX, 343 advancers
TSLA, WDAY, VRTX, NFLX led the NDX, 74 advancers
Long term up
trend intact. 3-day short term trend is up.
Up: QQQ, DIA,
SPY, IWM,
Down:
Breadth strengthened
on Wednesday as advancers led 1,743 to 1,197 on the NYSE and
led 1,883 to 1,338 on the NASDAQ
The SPX
MFC green line is above 80 and is pointed up at 92 and is short-term bullish.
Uptrend sectors: XLC, XLK, XLI, XLY, XLF, XLV, XLU, XLB,
XLP,
Neutral sectors:
XLE, 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
74 of 100 NDX stocks
closed higher on Wednesday.
80 NDX stocks are above their 30 DMA: AAPL, SWKS, AMGN,
SIRI, AMD, FOXA, BMRN, MSFT, ADBE,
ADSK, EA, LULU, MNST, WLTW, CERN, SBUX, MDLZ, VRSK, GOOGL, ADI,
ASML, MCHP, NXPI, TXN, ATVI, JD, NVDA, TSLA, ULTA, VRSN, EXPE, MU, AMAT, BIDU, BKNG, CSX,
LRCX, MXIM, PYPL, QCOM, WDC, XLNX, CTAS, EBAY, KLAC, TCOM, CDNS, INTU, XEL, AMZN, CSCO, EXC, FB,
NFLX, ALGN, SNPS, CHTR, IDXX, INTC, ROST, CMCSA, ANSS, CDW, CPRT, CSGP, SPLK,
TMUS, NTES, CTXS, MELI, WDAY, FISV, ILMN, REGN, TTWO, VRTX, NTAP, ADP,
MAR, PAYX,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 3
ADP,
MAR, PAYX,
Moving Below 30 DMA = 2
LBTYA,
WBA,
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