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All
eleven
sectors were lower on Wednesday, led by XLP,
XLV and XLC
SPY down 11.60 at 246.15 on 189.5 million shares, below average
volume. Down on lower volume.
VIX up 3.52 at 57.06
WMT, PG, XOM led the DJIA, 1 advancer, -4
NEM, TGT, K, NOC led the SPX, 26 advancers
REGN, TMUS, INCY, JD led the NDX, 8 advancers
Two-year trend
term continues above 2018 support. 3-day short term trend
is down.
Up:
Down: QQQ, DIA,
SPY, IWM,
Breadth weakened on Wednesday as decliners
led 2,799
to 210 on the NYSE and
led 2,874 to 455 on the NASDAQ
The SPX
MFC green line pointed down at 31.2 and is a short-term
bearish.
Uptrend sectors:
Neutral sectors:
Down trend sectors: XLK,
XLV, XLU, XLRE, XLC, XLP, XLY, XLI, XLB, XLF, XLE,
The 6-month intermediate
trend is down. The ten-day trend is up a little.
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Down
8 of 100 NDX stocks
closed higher on Wednesday.
12 NDX stocks are above their 30 DMA: CTXS, SGEN, AMZN, CDNS,
JD, NFLX, REGN, TTWO, VRTX, ALXN, NTES, INCY,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
INCY,
Moving Below 30 DMA = 8
ATVI, BIIB,
CHKP, GILD, IDXX, ILMN, KHC, NVDA,
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