© 2020
NDX +28.90, +0.26%, NH breakout to an all-time closing high.
SPX +21.26, +0.64%, opened
lower and closed higher, a breakout continuation. Highest close since Feb 21.
SQ +9.72, +7.10%, MNST +5.09, +6.52% gained on positive EPS reactions.
23 SP500
stocks report before the open on Thursday.
Seven of eleven sectors were higher on Wednesday, led
by XLI, XLB and XLF.
Industrials
leaders: AAL, BA, URI, TDG
Basic Materials
leaders: FCX, AA, MOS, ALB
Financial leaders: AIZ, LNC, PRU, UNM
SPY up 2.05 at 332.11 on 42.7 million shares, below average volume, up on higher volume.
VIX down .77 at 22.99
DIS, BA, RTX led the DJIA, 19 advancers, -1
FOSL, AIZ, AAL, DVN led the SPX, 318 advancers
MNST, MELI, LULU, EXPE led the NDX, 46 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 2,056 to 917 on the NYSE and
led 2,270 to 1,081 on the NASDAQ
The SPX
MFC green line is pointed up at 96 and is short-term
bullish. Price action is a
horizontal breakout continuation.
Uptrend sectors: XLP, XLB, XLY, XLV, XLK, XLC, XLI,
Neutral sectors:
XLU, XLRE, XLF, XLE,
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
46 of 100 NDX stock
closed higher on Wednesday.
76 NDX stocks are above their 30 DMA: AMZN, CDNS, IDXX, NVDA,
SWKS, AAPL, FAST, MELI, PYPL, SPLK, TSLA, NTES, MXIM, LRCX, EA, TTWO, ATVI,
ILMN, ANSS, AMGN, DOCU, DXCM, PEP, VRSK, XLNX, CHKP, COST, MNST, CHTR,
CMCSA, CTSH, KHC, PCAR, AMD, CTAS, ISRG, LULU, ORLY, XEL, CPRT, CSX, EXC, TCOM,
CSCO, MRNA, SIRI, VRSN, AMAT, BIIB, INTU, LBTYA, QCOM. SNPS, CDW, JD, ROST,
SBUX, KLAC, ADBE, AVGO, EBAY, FB, MSFT, NFLX, NXPI, TMUS, WDC, ADSK, DLTR, MU,
TXN, ZM, BIDU, ALGN, BKNG, ULTA,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 3
ALGN,
BKNG, ULTA,
Moving Below 30 DMA = 4
FISV, FOXA,
MCHP, REGN,
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