SPX/SPY, NDX/QQQ New All-time Closing Highs...TSLA Gaps Down...

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Earnings Season Day 16:  Tuesday AMC 17 and Wednesday BMO 8 more SP 500 companies reported.

Gainers: COTY, UNM, CPRI, CB, MCHP, JKHY, HUM, CERN, ALL, PRU, AFL, GM, GL, DTE, AME, ATO, +16

Decliners: F, STX, KLAC, CMG, MRK, DIS, GILD, FISV, BSX, -9

Ten of eleven sectors were higher on Wednesday, led by XLE, XLF and XLV.    

SPY up 3.80 at 332.86 on 65.8 million shares, above average volume.  Up on higher volume.

VIX down .90 at 15.15

UNH, IBM, XOM led the DJIA, 24 advancers, -3

COTY, SWN, UNM led the SPX, 406 advancers

BIIB, MCHP, SGEN, CERN led the NDX, 64 advancers

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

Up: DIA, IWM, SPY, QQQ,

Down:

Breadth strengthened on Wednesday as advancers led 2,229 to 696 on the NYSE and led 2,234 to 998 on the NASDAQ

The SPX MFC green line is below 80 and turned up at 56 and is short-term bullish. 

Uptrend sectors:  XLU, XLK, XLRE, XLP, XLC, XLY, XLF, XLI, XLV,

Neutral sectors:  XLB,

Down trend sectors: XLE,

The 6-month intermediate trend is up.  The ten-day trend is sideways.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

64 of 100 NDX stocks closed higher on Wednesday.

72 NDX stocks are above their 30 DMA:  AAPL, MSFT, ADBE, ADSK, LULU, MNST, WLTW, VRSK, GOOGL, TSLA, ULTA, VRSN, CSX, PYPL, CTAS, CDNS, INTU, XEL, EXC, NFLX, SNPS, INTC, ANSS, CPRT, CSGP, SPLK, CTXS, MELI, WDAY, FISV, VRTX, PAYX, COST, CHKP, PEP, AMZN, MDLZ, CHTR, ADP, CTSH, FOXA, GILD, JD, LRCX, NTES, SIRI, WDC, AAL, AMAT, AMD, ASML, CERN, EBAY, EXPE, FAST, MAR, MXIM, NVDA, NXPI, TMUS, AVGO, BIIB, BMRN, CSCO, MCHP, MU, PCAR, QCOM, REGN, ROST, SGEN, TXN,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 12

AVGO, BIIB, BMRN, CSCO, MCHP, MU, PCAR, QCOM, REGN, ROST, SGEN, TXN,

Moving Below 30 DMA = 3

IDXX, KLAC, TTWO,

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