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QQQ closed one cent higher than its all-time closing high yesterday. as AAPL, AMZN, FB, GOOGL and MSFT all closed lower on Wednesday. IWM bounced forming a bullish harami candle and a bull flag setup.
NDX +1.87, +0.01%, on Wednesday another all-time closing high by less than 2 points.
SPX +5.00, +0.13%, closed at 3,730, rebroke out today after a breakout test on Tuesday.
TSLA rose +4.32%, on Wednesday and is a horizontal breakout setup with its second highest close ever.
Seven of eleven sectors were higher on Wednesday, led by XLE, XLB and XLI.
Energy leaders: DVN, FANG, SWN, PXD
SPY up .53 at 371.99 on 49.4 million shares, below average volume, up on slightly lower volume.
DIS, DOW, CAT, V led the DJIA, 17 advancers, +9
The two-year trend term is up. The one-year trend is up.
Up: IWM, DIA, SPY, QQQ,
Advancers strengthened on Wednesday as advancers led 2,167 to 988 on the NYSE and led 2,577 to 1,187 on the NASDAQ
The SPY MFC green line is pointed up at 87.3 and is bullish. Price action is a horizontal breakout setup.
Uptrend sectors: XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, 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
63 of 100 NDX stocks closed higher on Wednesday.
77 NDX stocks are above their 30 DMA: ALGN, LRCX, TXN, ADI, AMAT, CTSH, FAST, MU, MXIM, SBUX, ASML, INTU, MNST, TMUS, ROST, CSCO, AVGO, MELI, ADSK, KHC, TSLA, DLTR, PYPL, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, EA, GILD, ILMN, ISRG, SNPS, VRSN, NFLX, CHKP, SGEN, CERN, DXCM, IDXX, CPRT, ALXN, AMZN, INCY, QCOM, SWKS, MSFT, ORLY, WDAY, NTES, VRSK, MRVL, MTCH, OKTA, PTON, TEAM, BKNG, MAR, MDLZ, PEP, CMCSA, FOXA, AMGN, COST, EBAY, INTC, JD, PDD,
NDX Stocks to Watch on Thursday:
Moving Below 30 DMA = 3
ADP, CHTR, FB,
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