NDX Rally Continues as SPX, DJI, RUT Pause after New High on Tuesday...Happy Thanksgiving Everyone!

 
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Happy Thanksgiving everyone!  We give thanks for our bounteous blessings.  May your homes be warm and happy on Thursday and every day.

 
 
The DJIA 29,872 on Wednesday pulls back to Tuesday’s S1 level after closing above 30,000 for the first time on Tuesday.
 
NDX +72.41, +0.60%, is a channel bounce continuation rising to 3-week resistance area. 
 
SPX -5.76, +0.16%, closes at 3,629, and is a breakout test of Tuesday’s breakout of last Monday’s high.
 
Four of eleven sectors were higher on Wednesday, led by XLU, XLRE and XLK. 
 
Utilities leaders: AEE, NEE, ETR, NRG
Real Estate leaders: DLR, AMT, DRE, EXR
Technology leaders: ADSK, PYPL, VNT, HPQ
 
SPY down .56 at 362.66 on 45.3 million shares, below average volume, down on lower volume.
VIX down .39 at 21.25
 
WBA, AAPL, NKE V led the DJIA, 11 advancers, -15
ETSY, NCLH, VNT, TWTR led the SPX, 146 advancers
MRNA, ADSK, PYPL, ZM led the NDX, 46 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ,
Down: SPY, IWM, DIA,
 
Advancers weakened on Wednesday as decliners led 1,764 to 1,325 on the NYSE and led 1,818 to 1,759 on the NASDAQ
 
The SPY MFC green line is pointed up at 87.8 and is bullish.  Price action is a breakout test.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK,
Neutral sectors:  XLRE, XLE,
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
 
46 of 100 NDX stocks closed higher on Wednesday.
 
69 NDX stocks are above their 30 DMA:   IDXX, QCOM, ADP, XLNX, SIRI, ALGN, GOOGL, PDD, EXPE, NXPI, PAYX, CSX, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, VRSK, WBA, ASML, BKNG, CTAS, FISV, INTU, MNST, TCOM, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, JD, MELI, LBTYA, ADSK, KHC, AMD, FOXA, LULU, TSLA, DLTR, NTES, TTWO, CERN, ALXN, BMRN, PYPL, CDW, EXC, FB, MSFT, AMZN, DOCU, EBAY, VRTX,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 4
AMZN, DOCU, EBAY, VRTX,
 
Moving Below 30 DMA = 2
GILD, PCAR,
 
 
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