NDX, SPX, FB, TSLA, AMZN GOOGL, MSFT, ADBE Make New All-time Closing Highs...Powell Speaks Thursday AM at Jackson Hole Virtual Economic Conference...

© 2020

NDX +250.13, +2.13%, closes at a new all-time closing high as FB, TSLA, AMZN, GOOGL, MSFT and ADBE close at all-time highs.

SPX +35.11, +1.02%, closes at 3,478 on a breakout continuation to a new all-time closing high.

CRM, AMGN and HON will replace XOM, PFE and RTX in the DJIA before the open next Monday August 31.

Six of eleven sectors were higher on Wednesday, led by XLC, XLK and XLB.

Communication Services leaders:  NFLX, FB, GOOGL, TTWO

Technology leaders: CRM, ADBE, NOW, HPE

Basic Materials leaders:  FCX, CTVA, BLL, DOW

SPY up +3.45 at 347.57 on 50.7 million shares, average volume, up on higher volume.

VIX up +1.24 at 23.27

MSFT, HD, DIS led the DJIA, 17 advancers, +8

GPS, SJM, AMD, CRM led the SPX, 218 advancers

NFLX, WDAY, ADBE, FB led the NDX, 67 advancers

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

Up: QQQ, SPY, DIA,

Down: IWM,

Breadth weakened on Wednesday as decliners led 1,658 to 1,084 on the NYSE and led 1,591 to 1,315 on the NASDAQ

The SPY MFC green line is pointed up at 98.5, and is short-term bullish.  Price action is a BO continuation and a new all-time closing 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

67 of 100 NDX stocks closed higher on Wednesday.

74 NDX stocks are above their 30 DMA:  AMZN, CDNS, IDXX, NVDA, SWKS, AAPL, FAST, MELI, PYPL, TTWO,  VRSK, CHKP, COST, MNST, CHTR, CMCSA, CTSH, PCAR, AMD, CTAS, ISRG, LULU, ORLY, CPRT, CSX, TCOM, QCOM. SBUX, KLAC, AVGO, FB, MSFT, NXPI, TMUS, DLTR, TXN, BKNG, ULTA, MAR, PAYX, EXPE, ADBE, ANSS, EA, INTU, MSFT, PEP, TSLA, FOXA, ADSK, ATVI, EBAY, GOOGL, NTES, SNPS, WDAY, ZM, MCHP, ADI, ASML, BIDU, KHC, MXIM, ROST, AMGN, LBTYA, SPLK, ALXN, CTXS, DOCU, NFLX, PDD, VRSN, XLNX,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 7

ALXN, CTXS, DOCU, NFLX, PDD, VRSN, XLNX,

Moving Below 30 DMA = 4

ADP, AMAT, CERN, DXCM,

Add Comments here: