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2020
Election results have not determined a winner as of this evening, but the challenger is on the verge of capturing 270 electoral votes.
NDX +497.11, +4.41%, gapped and closed higher. A channel bounce continuation that also broke through horizontal resistance. The move was led by strength in AAPL, AMZN, MSFT, FB and GOOGL.
SPX +74.42, +2.21%, closes at 3,443, a channel bounce continuation move.
Seven of eleven sectors were higher on Wednesday, led by XLV, XLC and XLK. These three industries represent about 53% of the SPX.
Healthcare leaders: BIIB, CI, LLY, ANTM
SPY up +7.51 at 343.54 on 126.9 million shares, above average volume, up on higher volume.
VIX down -5.98 at 29.57
UNH, CRM, MSFT, MRK led the DJIA, 14 advancers, -13
The two-year trend term is up. The one-year trend is up.
Up: QQQ, SPY, DIA, IWM
Advancers weakened on Wednesday as advancers led 1,701 to 1,388 on the NYSE and led 1,964 to 1,577 on the NASDAQ
The SPY MFC green line turned up at 39.3 and is bullish. Price action is a channel bounce continuation.
Uptrend sectors: XLU, XLB, XLI, XLY, XLC, XLP, XLV, XLK,
Down trend sectors: XLE,
The 6-month intermediate trend is up. The ten-day trend is sideways.
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Up
86 of 100 NDX stocks closed higher on Wednesday.
66 NDX stocks are above their 30 DMA: IDXX, QCOM, ADP, XLNX, BIDU, SIRI, EXC, MELI, ALGN, JD, GOOGL, PDD, CDNS, EXPE, NXPI, PAYX, CSX, ADSK, CDW, CERN, COST, CPRT, KHC, KLAC, LRCX, PCAR, TXN, XEL, ADI, AMAT, CTSH, DLTR, FAST, MAR, MCHP, MU, MXIM, SBUX, SNPS, VRSK, WBA,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 25
Moving Below 30 DMA = 1
TSLA,
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Election results have not determined a winner as of this evening, but the challenger is on the verge of capturing 270 electoral votes.
NDX +497.11, +4.41%, gapped and closed higher. A channel bounce continuation that also broke through horizontal resistance. The move was led by strength in AAPL, AMZN, MSFT, FB and GOOGL.
SPX +74.42, +2.21%, closes at 3,443, a channel bounce continuation move.
Seven of eleven sectors were higher on Wednesday, led by XLV, XLC and XLK. These three industries represent about 53% of the SPX.
Healthcare leaders: BIIB, CI, LLY, ANTM
SPY up +7.51 at 343.54 on 126.9 million shares, above average volume, up on higher volume.
VIX down -5.98 at 29.57
UNH, CRM, MSFT, MRK led the DJIA, 14 advancers, -13
The two-year trend term is up. The one-year trend is up.
Up: QQQ, SPY, DIA, IWM
Advancers weakened on Wednesday as advancers led 1,701 to 1,388 on the NYSE and led 1,964 to 1,577 on the NASDAQ
The SPY MFC green line turned up at 39.3 and is bullish. Price action is a channel bounce continuation.
Uptrend sectors: XLU, XLB, XLI, XLY, XLC, XLP, XLV, XLK,
Down trend sectors: XLE,
The 6-month intermediate trend is up. The ten-day trend is sideways.
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Up
86 of 100 NDX stocks closed higher on Wednesday.
66 NDX stocks are above their 30 DMA: IDXX, QCOM, ADP, XLNX, BIDU, SIRI, EXC, MELI, ALGN, JD, GOOGL, PDD, CDNS, EXPE, NXPI, PAYX, CSX, ADSK, CDW, CERN, COST, CPRT, KHC, KLAC, LRCX, PCAR, TXN, XEL, ADI, AMAT, CTSH, DLTR, FAST, MAR, MCHP, MU, MXIM, SBUX, SNPS, VRSK, WBA,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 25
Moving Below 30 DMA = 1
TSLA,
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