© 2020
NDX +142.69, +1.36% and SPX
+24.62, +0.78%. NDX
made a new all-time closing high. SPX opened
higher, pulled back, rallied, and closed higher. SPX was a re-breakout after a BO test.
AAPL,
AMZN, FB, GOOGL, MSFT, EBAY, DOCU, NVDA, and SQ made new
closing highs on Wednesday.
Six of eleven sectors were higher on Wednesday, led
by XLK, XLY and XLF
Technology
leaders: FTNT, NVDA, NOW, WDC
Consumer discretionary
leaders: KSS, JWN, LEN, RCL
Financial leaders: MSCI, SPGI, LNC, MCO
SPY up 2.40 at 316.18 on 54.6 million shares, below average volume, up on lower volume.
VIX down 1.35 at 28.08
DIS, AAPL, MSFT led the DJIA, 21 advancers, +19
KSS, TWTR, FTNT, JWN led the SPX, 293 advancers
JD, BIIB, DOCU, SPLK led the NDX, 68 advancers
The two-year trend term
is up. The one-year trend is up.
Up: QQQ, SPY, IWM, DIA,
Down:
Breadth strengthened
on Wednesday as advancers led 1,745 to 1,221 on the NYSE and led 1,937 to 1,389 on the NASDAQ
The SPX
MFC green line is pointed up at 68 and is short-term
bullish. Price action is a re-breakout.
Uptrend sectors: XLK, XLY, XLC, XLB, XLI, XLRE,
Neutral sectors:
XLV, XLF, XLU, XLP, XLE,
Down trend sectors:
The 6-month intermediate
trend is sideways. The ten-day trend is sideways.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
68 of 100 NDX stock
closed higher on Wednesday.
72 NDX stocks are above their 30 DMA: AMZN, CDNS, ASML, IDXX,
KLAC, MSFT, NVDA, SNPS, SWKS, QCOM, AAPL, ADSK, EBAY, FAST, MCHP, MELI, PYPL,
SPLK, WDAY, ADBE, ALGN, TSLA, BMRN, CSGP, ZM, AMAT, JD, NTES, TMUS, BIDU, ADI, AVGO,
MXIM, TXN, LRCX, REGN, NXPI, EA, TTWO, ATVI, ILMN, ANSS, NFLX, SGEN, VRTX, AMGN,
INCY, DOCU, CTSH, CTXS, CTAS, DXCM, GILD, INTU, ORLY, PCAR, PEP, ISRG,
LULU, VRSK, XLNX, CHKP, COST, FB, GOOGL, VRSN, LBTYA, TCOM, CMCSA, MNST, CHTR,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
AMD,
Moving Below 30 DMA = 3
EXPE,
KHC, MDLZ,
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