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2020
NDX -353.04, -3.16%, opened higher, traded in a range until midday before selling off just above Monday’s low in the afternoon. The pullback was led by weakness in AAPL, AMZN, MSFT, TSLA, FB, GOOGL, NVDA and ADBE.
SPX -78.65, -2.37%, closes at 3,236. SPX pulled back to Monday’s support low.
All eleven sectors were lower on Wednesday, led by XLV, XLP and XLU.
Healthcare leaders: ILMN, CNC, BDX, BMY
Consumer Staples leaders: COST, CHD
SPY down -7.66 at 322.64, on 93.0 million shares, above average volume, down on higher volume.
VIX up +1.72 at 28.58
NKE, JNJ led the DJIA, 2 advancers, -18
The two-year trend term is up. The one-year trend is up.
Up:
Breadth weakened on Wednesday as decliners led 2,758 to 312 on the NYSE and led 2,994 to 503 on the NASDAQ
The SPY MFC green line is pointed down at 13.3 and is bearish. Price action pulled back to the low of Monday’s white hammer.
Uptrend sectors: XLB, XLI, XLY, XLP, XLV, XLK, XLC,
Down trend sectors: XLE,
The 6-month intermediate trend is up. The ten-day trend is down.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
6 of 100 NDX stocks closed higher on Wednesday.
13 NDX stocks are above their 30 DMA: CMCSA, CSX, AVGO, ZM, ALXN, CHTR, MU, SGEN, FISV, MRNA, COST, WDAY, WDC,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
Moving Below 30 DMA = 15
ADBE, ALGN, AMGN, ATVI, BIDU, CPRT, CTSH, DOCU, INTC, JD, NTES, NVDA, PAYX, SBUX, TSLA,
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NDX -353.04, -3.16%, opened higher, traded in a range until midday before selling off just above Monday’s low in the afternoon. The pullback was led by weakness in AAPL, AMZN, MSFT, TSLA, FB, GOOGL, NVDA and ADBE.
SPX -78.65, -2.37%, closes at 3,236. SPX pulled back to Monday’s support low.
All eleven sectors were lower on Wednesday, led by XLV, XLP and XLU.
Healthcare leaders: ILMN, CNC, BDX, BMY
Consumer Staples leaders: COST, CHD
SPY down -7.66 at 322.64, on 93.0 million shares, above average volume, down on higher volume.
VIX up +1.72 at 28.58
NKE, JNJ led the DJIA, 2 advancers, -18
The two-year trend term is up. The one-year trend is up.
Up:
Breadth weakened on Wednesday as decliners led 2,758 to 312 on the NYSE and led 2,994 to 503 on the NASDAQ
The SPY MFC green line is pointed down at 13.3 and is bearish. Price action pulled back to the low of Monday’s white hammer.
Uptrend sectors: XLB, XLI, XLY, XLP, XLV, XLK, XLC,
Down trend sectors: XLE,
The 6-month intermediate trend is up. The ten-day trend is down.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
6 of 100 NDX stocks closed higher on Wednesday.
13 NDX stocks are above their 30 DMA: CMCSA, CSX, AVGO, ZM, ALXN, CHTR, MU, SGEN, FISV, MRNA, COST, WDAY, WDC,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
Moving Below 30 DMA = 15
ADBE, ALGN, AMGN, ATVI, BIDU, CPRT, CTSH, DOCU, INTC, JD, NTES, NVDA, PAYX, SBUX, TSLA,
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