© 2020
SPX: 3,386.15, Nasdaq 100: 9,817.73, Nasdaq
Composite: 9,838.18, made new all-time
closing highs again today. As Dave mentors live each day: “Trade with
the trend as long as it continues.”
Stocks making new highs on Wednesday: ADBE, ADI, ADSK, AMD, ANSS, ATVI, CDNS,
CHTR, COST, CPRT, CSX, CTAS, FAST, GOOGL, IDXX, INTU, ISRG, JD, LULU, MDLZ,
MELI, MNST, NFLX, NTES, NVDA, PAYX, PYPL, ROST, SIRI, SNPS, SPLK, TMUS, VRTX, WDAY,
CIEN, CRM, HSY, SQ, V, SPY, QQQ
Seven
of eleven
sectors were higher on Wednesday, led by XLE, XLK and XLF.
SPY up 1.61 at 338.34 on 48.7 million shares, below average volume. Up on lower volume.
VIX down .45 at 14.38
GS, DIS, INTC led the DJIA, 18 advancers, +12
CXO, SWN, GRMN led the SPX, 302 advancers
TSLA, NVDA, ADI, INCY led the NDX, 76 advancers
Long term up
trend intact. 3-day short term trend is up.
Up: QQQ, IWM,
SPY, DIA,
Down:
Breadth strengthened
on Wednesday as advancers led 1,540 to 1,373 on the NYSE and led 1,951 to 1,264 on the NASDAQ
The SPX
MFC green line is above 80 and is pointed up at 95 and is short-term
bullish.
Uptrend sectors: XLU, XLRE, XLK, XLC, XLP, XLY, XLF,
XLI, XLV,
Neutral sectors:
XLB,
Down trend sectors: XLE,
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
76 of 100 NDX stocks
closed higher on Wednesday.
82 NDX stocks are above their 30 DMA: AAPL, MSFT, ADBE,
ADSK, LULU, MNST, WLTW, VRSK, GOOGL, TSLA, ULTA, CSX, PYPL, CTAS, CDNS,
INTU, XEL, EXC,
NFLX, SNPS, INTC, ANSS, CPRT, CSGP, SPLK, CTXS, WDAY, VRTX, PAYX,
COST, CHKP, PEP, AMZN, MDLZ, CHTR,
ADP,
CTSH, GILD, JD, LRCX, NTES, WDC, AAL, AMAT, AMD, ASML, CERN, EBAY, FAST, MXIM,
NVDA, NXPI, TMUS, BIIB, BMRN, MU, REGN, ROST, SGEN, TXN, ATVI, IDXX, SIRI,
ADI, BIDU, ISRG, QCOM, CMCSA, EXPE, FOXA, MELI, FISV, INCY, SBUX, DLTR, FB,
VRSN, ALGN, AVGO, MAR, MCHP, QCOM, TCOM,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 6
ALGN,
AVGO, MAR, MCHP, QCOM, TCOM,
Moving Below 30 DMA = 1
BKNG,
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