NDX Bull Flag Bounce...SPX Nearing February All-time Closing High...

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NDX +281.64, +2.59%, bull flag bounce after three-day pullback.

SPX +46.66, +1.40%, opened higher and closed higher at 3,380.35, its second highest ever close. 

The SPX hit 3,387.89 intraday on Wednesday less than six points below its February 19 all-time intraday high of 3,393.52.  The SPX closed today at 3,380.35 less than six points below its February 19 closing high of 3,386.15.

TSLA +180.37, +13.12%, leads the NDX after announcing a 5 for 1 stock split.

Ten of eleven sectors were higher on Wednesday, led by XLK, XLV and XLU.

Technology leaders:  AMD, QCOM, NVDA, SWKS

Healthcare leaders:  DXCM, CNC, VRTX, HOLX

Utilities leaders:  NEE, AWK, SRE, EXC

SPY up 4.64 at 337.44 on 53.7 million shares, below average volume, up on lower volume.

VIX down 1.75 at 22.28

AAPL, MSFT, HD led the DJIA, 22 advancers, +8

GCI, COP, SWKS, IVZ led the SPX, 344 advancers

TSLA, AMD QCOM, NVDA led the NDX, 90 advancers

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

Up: QQQ, SPY, DIA, IWM,

Down:

Breadth strengthened on Wednesday as advancers led 1,865 to 1,116 on the NYSE and led 1,932 to 1,448 on the NASDAQ

The SPX MFC green line is sloped down at 96.7 and is short-term bullish.  Price action is a new high.

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

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

90 of 100 NDX stocks closed higher on Wednesday.

69 NDX stocks are above their 30 DMA:  AMZN, CDNS, IDXX, NVDA, SWKS, AAPL, FAST, MELI, PYPL, MXIM, LRCX, TTWO,  AMGN, VRSK, XLNX, CHKP, COST, MNST, CHTR, CMCSA, CTSH, KHC, PCAR, AMD, CTAS, ISRG, LULU, ORLY, XEL, CPRT, CSX, TCOM, CSCO, SIRI, AMAT, BIIB, QCOM. ROST, SBUX, KLAC, AVGO, FB, MSFT, NXPI, TMUS, DLTR, TXN, BIDU, ALGN, BKNG, ULTA, MAR, PAYX, WBA, CERN, EXPE, CDW, ADBE, ADI, ANSS, ATVI, DXCM, EA, EXC, INTU, JD, MSFT, NTES, PEP, TSLA,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 13

ADBE, ADI, ANSS, ATVI, DXCM, EA, EXC, INTU, JD, MSFT, NTES, PEP, TSLA,

Moving Below 30 DMA = 0

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