NDX Near All-time High as Breadth Remains Strong for Third Straight Day...

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NDX +47.38, +0.49%, and SPX +42.05, +1.36%, opened higher and closed higher continuing their 10-week uptrend. The NDX closed just 32 points below its all-time closing high on Feb 19.  The SPX is14 points below its Mar 3 intermediate-term resistance.

All eleven sectors were higher on Wednesday, led by XLI, XLF and XLE

SPY up 4.10 at 312.18 on 91.9 million shares, average volume, up on higher volume.

VIX down 1.18 at 25.66

BA, RTX, AXP led the DJIA, 25 advancers, -1

SPG, COTY, HBI, GPS led the SPX, 412 advancers

UAL, MCHP, ZM, NXPI led the NDX, 67 advancers

The two-year trend term is up.  The one-year trend is up.

  

Up: IWM, DIA, SPY, QQQ

Down: 

Breadth strengthened on Wednesday as advancers led 2,379 to 579 on the NYSE and led 2,267 to 1,045 on the NASDAQ

The SPX MFC green line is flat at 95 and is short-term bullish.  Price action is a breakout continuation.

Uptrend sectors:  XLV, XLK, XLY, XLC, XLB,

Neutral sectors:  XLE, XLI, XLF, XLU, XLRE, XLP,

Down trend sectors:

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

67 of 100 NDX stocks closed higher on Wednesday.

90 NDX stocks are above their 30 DMA:  SGEN, AMZN, CDNS, CSCO, EA, ILMN, KHC, AVGO, CHTR, IDXX, ISRG, KLAC, LULU, MSFT, MXIM, NVDA, ORLY, SNPS, SWKS, ADI, FB, QCOM, SBUX, AAPL, ADSK, EBAY, FAST, GOOGL, INTU, LBTYA, MCHP, MELI, MNST, PYPL, SPLK, WDAY, ADBE, ALGN, TSLA, BMRN, VRSK, FISV, CPRT, ZM, AMAT, JD, NTES, TMUS, CHKP, CSX, CTAS, EXPE, FOXA, INTC, LRCX, ADI, ANSS, AVGO, BKNG, CDW, CMCSA, CSX, DLTR, INTC, MAR, MXIM, NXPI, PCAR, ROST, TXN, XLNX, INCY, PAYX, ULTA, WDC, EXC, AAL, ALXN, MU, SIRI, TCOM, UAL, ADP, VRTX, CERN, COST, MDLZ, REGN, VRSN, XEL, WBA, NXPI, PEP, NTAP,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 1

CTSH,

Moving Below 30 DMA = 2

ATVI, TTWO,

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