Bounce Continuation after Tuesday's Pause, SPX +126, NDX +354,,,

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All eleven sectors were higher on Wednesday, led by XLV, XLU and XLP           

SPY up 12.62 at 312.89 on 176.6 million shares, above average volume.  Up on lower volume.

VIX down 4.83 at 31.99

UNH, AXP, PFE led the DJIA, 30 advancers, +29

ANTM, CNC, HUM, CI led the SPX, 473 advancers

SGEN, VRTX, TTWO, AMD led the NDX, 98 advancers

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

Up: DIA, SPY, QQQ, IWM,

Down:

Breadth strengthened, on Wednesday as advancers led 2,556 to 424 on the NYSE and led 2,564 to 719 on the NASDAQ

The SPX MFC green line is above 20 at 27 and is short-term bullish. 

Uptrend sectors:  XLU, XLRE, XLP, XLK, XLC, XLV,

Neutral sectors:  XLY, XLI, XLF, XLB,

Down trend sectors: XLE,

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

3-month Intermediate Term Market Trend: Down a little

3-day Short Term Market Trend: Up

98 of 100 NDX stocks closed higher on Wednesday.

26 NDX stocks are above their 30 DMA:  NFLX, GILD, TMUS, BMRN, REGN, NVDA, BIIB, CSGP, INCY, JD, TSLA, EBAY, ADBE, ASML, ATVI, CHTR, COST, EA, ISRG, MDLZ, MNST, SGEN, TTWO, VRSK, VRTX, XEL,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 14

ADBE, ASML, ATVI, CHTR, COST, EA, ISRG, MDLZ, MNST, SGEN, TTWO, VRSK, VRTX, XEL,   

Moving Below 30 DMA = 0

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