©
2020
NDX +1.07, +0.01%, closed above its September 2 high again at a new all-time closing high.
SPX +6.56, +0.18%, closed at 3,669, and for the second day in a row closed above its November 9 resistance at a new all-time closing high.
Six of eleven sectors were higher on Wednesday, led by XLE, XLF and XLC.
Energy leaders: HFC, VLO, APA, DVN
SPY up 0.77 at 366.79 on 45.9 million shares, below average volume, up on lower volume.
VIX up 0.40 at 21.17
BA, WBA, DIS, CVX led the DJIA, 22 advancers, -1
The two-year trend term is up. The one-year trend is up.
Up: DIA, SPY, QQQ, IWM,
Advancers weakened on Wednesday as advancers led 1,870 to 1,251 on the NYSE and led 1,990 to 1,654 on the NASDAQ
The SPY MFC green line is pointed up at 96.5 and is bullish. Price action is a breakout continuation to an all-time closing high.
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
52 of 100 NDX stocks closed higher on Wednesday.
85 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, MELI, LBTYA, ADSK, KHC, AMD, FOXA, LULU, TSLA, DLTR, TTWO, CERN, BMRN, PYPL, FB, MSFT, AMZN, EBAY, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, SPLK, VRSN, WDAY, NFLX, NVDA, SWKS, ALXN, AMGN, DOCU,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 3
Moving Below 30 DMA = 6
CDW, CHKP, INCY, JD, NTES, ORLY,
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NDX +1.07, +0.01%, closed above its September 2 high again at a new all-time closing high.
SPX +6.56, +0.18%, closed at 3,669, and for the second day in a row closed above its November 9 resistance at a new all-time closing high.
Six of eleven sectors were higher on Wednesday, led by XLE, XLF and XLC.
Energy leaders: HFC, VLO, APA, DVN
SPY up 0.77 at 366.79 on 45.9 million shares, below average volume, up on lower volume.
VIX up 0.40 at 21.17
BA, WBA, DIS, CVX led the DJIA, 22 advancers, -1
The two-year trend term is up. The one-year trend is up.
Up: DIA, SPY, QQQ, IWM,
Advancers weakened on Wednesday as advancers led 1,870 to 1,251 on the NYSE and led 1,990 to 1,654 on the NASDAQ
The SPY MFC green line is pointed up at 96.5 and is bullish. Price action is a breakout continuation to an all-time closing high.
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
52 of 100 NDX stocks closed higher on Wednesday.
85 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, MELI, LBTYA, ADSK, KHC, AMD, FOXA, LULU, TSLA, DLTR, TTWO, CERN, BMRN, PYPL, FB, MSFT, AMZN, EBAY, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, SPLK, VRSN, WDAY, NFLX, NVDA, SWKS, ALXN, AMGN, DOCU,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 3
Moving Below 30 DMA = 6
CDW, CHKP, INCY, JD, NTES, ORLY,
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