QQQ New All-time Closing High...SPY Matches All-time Closing High as DIA, IWM Pause after Highs on Tuesday...

  
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NDX +72.24.71, +0.57%, a horizontal resistance breakout. 
 
SPX +6.55, +0.18%, closed at 3,701, a bull flag bounce continuation. 
 
Five of eleven sectors were higher on Wednesday, led by XLK, XLY and XLP. 
 
Technology leaders: PYPL, NOW, INTU, MSFT
Consumer Discretionary leaders: CMG, KMX, EBAY, HAS
Consumer Staples leaders: EL, MO, BF/B, PM
 
SPY up 0.58 at 370.17 on 58.4 million shares, below average volume, up on lower volume.
VIX down .39 at 22.50
 
MSFT, CRM, INTC, HD led the DJIA, 9 advancers, -16
CMG, NOW, EL, KMX led the SPX, 210 advancers
BMRN, WDAY, PYPL, NTES led the NDX, 54 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY,
Down: DIA, IWM,
 
Advancers weakened on Wednesday as decliners led 1,685 to 1,453 on the NYSE and led 1,938 to 1,787 on the NASDAQ
 
The SPY MFC green line turned at 92.4 and is bullish.  Price action is a bull flag bounce continuation.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  XLRE,
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
 
54 of 100 NDX stocks closed higher on Wednesday.
 
81 NDX stocks are above their 30 DMA:   ADP, XLNX, SIRI, ALGN, PDD, EXPE, NXPI, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, WBA, ASML, BKNG, FISV, INTU, MNST, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CSCO, PEP, AVGO, MELI, LBTYA, ADSK, KHC, AMD, FOXA, TSLA, DLTR, TTWO, PYPL, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, VRSN, NFLX, DOCU, CHKP, SGEN, CERN, BMRN, DXCM, IDXX, CPRT, ALXN, AMZN, EBAY, INCY, LULU, QCOM, TCOM, EXC, PAYX, SWKS, MSFT, ORLY, WDAY,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 3
MSFT, ORLY, WDAY,
 
Moving Below 30 DMA = 3
AMGN, CSX, MDLZ,
 
 
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