NDX Hits All-time Closing High as DJI & RUT Pause...NFLX, AMZN, TSLA, MSFT All-time Closing Highs...

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NDX +122.40, +1.21% and SPX +15.57, +0.50%.  NDX made a new all-time closing high above its recent all-time high on June 23.  SPX opened high, traded in a range and closed higher.  SPX was a bounce continuation on a MACD bullish divergence.    

SPY MACD bullish divergence price target is 315.64.

NFLX, AMZN, TSLA, MSFT make all-time closing highs on Wednesday.

Eight of eleven sectors were higher on Wednesday, led by XLRE, XLC and XLU

Real estate leaders:  EXR, VTR, PEAK, ESS

Communication services leaders:  NFLX, FB, LTV, TWTR,

Utilities leaders:  SRE, CNP, NI, ETR

SPY up 2.16 at 310.52 on 72.3 million shares, below average volume, up on lower volume.

VIX down 1.81 at 28.62

PFE, DIS, MRK led the DJIA, 9 advancers, -16

FDX, STZ, ABMD, EXR led the SPX, 208 advancers

AMGN, NFLX, FB, BKNG led the NDX, 58 advancers

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

Up: QQQ, SPY,

Down: DIA, IWM,

Breadth weakened on Wednesday as advancers led 1,540 to 1,444 on the NYSE and decliners led 1,882 to 1,495 on the NASDAQ

The SPX MFC green line is turned up at 56 and is short-term bullish.  Price action is higher close bullish bounce continuation with a spinning top candle pattern.

Uptrend sectors:  XLY, XLK, 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

58 of 100 NDX stock closed higher on Wednesday.

76 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, DLTR, MXIM, TXN, LRCX, REGN, NXPI, EA, TTWO, ATVI, ILMN, ANSS, NFLX, SGEN, VRTX, AMGN, INCY, DOCU, CTSH, CSCO, CTXS, ADP, CDW, CTAS, DXCM, GILD, INTU, KHC, MU, ORLY, PAYX, PCAR, PEP, ISRG, LULU, VRSK, XLNX, CHKP, CMCSA, COST, EXPE, FB, GOOGL, VRSN, XEL,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 8

CHKP, CMCSA, COST, EXPE, FB, GOOGL, VRSN, XEL,

Moving Below 30 DMA = 2

 NTAP, WDC,

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