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2020
BA -6.75, -3.21%, gapped open more than $12 only to reverse and close lower after the FAA cleared the 737 Max to fly again after being grounded for 20 months.
TSLA +45.03, +10.20%, gapped open and rose on Wednesday for the second following the announcement on Monday that TSLA will be added to the S&P500 before the open on Dec 21.
NDX -82.78, -0.69%, paused after a 5-day rally moving below the low of the high day in a counter trend pullback.
SPX -41.71, -1.16%, closes at 3,567, is a breakout test moving below recent resistance and a two-day bull flag price pattern.
All eleven sectors were lower on Wednesday, led by XLI, XLY and XLB.
Industrials leaders: FLS, JCI, WAB, ROK
SPY down 4.34 at 356.28 on 70.5 million shares, below average volume, down on higher volume.
VIX up 1.12 at 23.84
DOW, CAT, CRM led the DJIA, 3 advancers, -3
The two-year trend term is up. The one-year trend is up.
Up:
Advancers weakened on Wednesday as decliners led 1,879 to 1,181 on the NYSE and led 2,212 to 1,376 on the NASDAQ
The SPY MFC green line is flat at 85 and is bullish. Price action is a horizontal breakout test.
Uptrend sectors: XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK,
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: Sideways
18 of 100 NDX stocks closed higher on Wednesday.
64 NDX stocks are above their 30 DMA: IDXX, QCOM, ADP, XLNX, BIDU, SIRI, EXC, ALGN, GOOGL, PDD, EXPE, NXPI, PAYX, CSX, CDW, CPRT, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, VRSK, WBA, ALXN, ASML, BKNG, CTAS, FISV, INTU, MNST, TCOM, TMUS, AAPL, ISRG, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, JD, MELI, LBTYA, ADSK, KHC, WDAY, AMD, FOXA, GILD, LULU, TSLA, PCAR,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
Moving Below 30 DMA = 5
AMGN, CERN, FB, MSFT, XEL,
Add Comments here:
BA -6.75, -3.21%, gapped open more than $12 only to reverse and close lower after the FAA cleared the 737 Max to fly again after being grounded for 20 months.
TSLA +45.03, +10.20%, gapped open and rose on Wednesday for the second following the announcement on Monday that TSLA will be added to the S&P500 before the open on Dec 21.
NDX -82.78, -0.69%, paused after a 5-day rally moving below the low of the high day in a counter trend pullback.
SPX -41.71, -1.16%, closes at 3,567, is a breakout test moving below recent resistance and a two-day bull flag price pattern.
All eleven sectors were lower on Wednesday, led by XLI, XLY and XLB.
Industrials leaders: FLS, JCI, WAB, ROK
SPY down 4.34 at 356.28 on 70.5 million shares, below average volume, down on higher volume.
VIX up 1.12 at 23.84
DOW, CAT, CRM led the DJIA, 3 advancers, -3
The two-year trend term is up. The one-year trend is up.
Up:
Advancers weakened on Wednesday as decliners led 1,879 to 1,181 on the NYSE and led 2,212 to 1,376 on the NASDAQ
The SPY MFC green line is flat at 85 and is bullish. Price action is a horizontal breakout test.
Uptrend sectors: XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK,
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: Sideways
18 of 100 NDX stocks closed higher on Wednesday.
64 NDX stocks are above their 30 DMA: IDXX, QCOM, ADP, XLNX, BIDU, SIRI, EXC, ALGN, GOOGL, PDD, EXPE, NXPI, PAYX, CSX, CDW, CPRT, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, VRSK, WBA, ALXN, ASML, BKNG, CTAS, FISV, INTU, MNST, TCOM, TMUS, AAPL, ISRG, MRNA, WDC, CMCSA, ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, JD, MELI, LBTYA, ADSK, KHC, WDAY, AMD, FOXA, GILD, LULU, TSLA, PCAR,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 1
Moving Below 30 DMA = 5
AMGN, CERN, FB, MSFT, XEL,
Add Comments here:
2 comments:
Appreciate your help, Dave! Very much!
Thank You Dave
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