© 2020
Nine of eleven sectors were higher on Wednesday, led by XLE, XLC and XLK
SPY up 7.48 at 293.21 on 118.7
million shares, below average volume, up on higher volume.
VIX down 2.34 at 31.23
AXP, V, BA led the DJIA, 24 advancers, +8
NCLH, NBL, APA, MRO led the SPX, 396 advancers
AAL, UAL, MU, MAR led the NDX, 84 advancers
The two-year trend term
is up. The one-year trend is sideways.
A new uptrend has
emerged following a higher low W pattern reversal. 3-day short term trend
is up.
Up: IWM, QQQ,
SPY, DIA,
Down:
Breadth strengthened
on Wednesday as advancers led 2,628 to 365 on the NYSE and
led 2,676 to 609 on the NASDAQ
The SPX
MFC green line is pointed up at 94 and is a short-term
bullish.
Uptrend sectors: XLV, XLK, XLP, XLY, XLC, XLB, XLU,
Neutral sectors:
XLRE, XLI, XLF, XLE,
Down trend sectors:
The 6-month intermediate
trend is down a little. The ten-day trend is up.
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Up
84 of 100 NDX stocks
closed higher on Wednesday.
96 NDX stocks are above their 30 DMA: SGEN, AMZN,
CDNS, NFLX, REGN, TTWO, VRTX, ALXN, NTES, INCY, AMGN, ATVI, CHKP, CSCO, EA,
ILMN, INTC, KHC, VRSN, XLNX, AMD, ANSS, AVGO, CHTR, COST, CSX, IDXX, ISRG, JD,
KLAC, LULU, MDLZ, MSFT, MXIM, NVDA, ORLY, PCAR, PEP, SNPS, SWKS, TMUS, TXN,
ADI, FB, LRCX, QCOM, SBUX, WLTW, AAPL, ADP, ADSK, AMAT, CDW, CERN, CTSH, EBAY,
FAST, FOXA, GOOGL, INTU, LBTYA, MCHP, MELI, MNST, PYPL, ROST, SPLK, ULTA, WDAY,
XEL, ADBE, ALGN, TSLA, BMRN, GILD, VRSK, PAYX, MAR, BKNG, CTAS, EXC, EXPE,
FISV, MU, NXPI, CMCSA, CPRT, NTAP, SIRI, TCOM, WDC, DLTR, WBA, AAL, BIDU, UAL
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 3
AAL, BIDU,
UAL,
Moving Below 30 DMA = 1
CTXS,
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