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NDX, SPX, DJI and RUT
gapped up at the open and closed at a new all-time closing high. NFLX and big tech GOOGL, AMZN,
MSFT, AAPL, FB and ADBE roared higher after being in consolidation
for several weeks.
NFLX soared
+16.85%, a new
all-time closing high on a positive EPS reaction on strong subscriber growth
reaching 200 million.
NDX +299.91, +2.31%, a breakout to a new all-time closing
high.
SPX +52.94, +1.39%, closed
at 3,851, a breakout to a new all-time closing
high.
TSLA rose +0.70%, made a
bull flag bounce but with no follow through momentum.
Ten of
eleven
sectors were higher on Wednesday, led by XLC,
XLRE and XLK.
Communication Services leaders: NFLX,
GOOGL, TTWO, TWTR
Real Estate leaders: PEAK, ESS, DRE, SPG
Technology leaders: NOW, MSFT, AAPL, CRM
SPY up 5.24 at 383.89 on 61.7 million shares, average volume, up on higher volume.
VIX down 1.66 at 21.58
MSFT, AAPL, CRM, NKE led the DJIA, 22 advancers, +5
F, IVZ, PHM, LEN led the SPX, 319 advancers.
NFLX, GOOGL, AMZN, JD led the NDX, 70 advancers.
The two-year trend term is up. The one-year trend is up.
Up: QQQ, SPY, DIA, IWM,
Down:
Advancers remained strong on Wednesday as advancers led 2,007 to 1,147 on the NYSE and led 2,168 to 1,676 on the NASDAQ.
The SPY MFC green line
turned up at 85.7 and is bullish. Price action is a breakout to a new all-time
high.
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
70 of 100 NDX stocks
closed higher on Wednesday.
71 NDX stocks are above their 30 DMA: ALGN, TXN, ADI, AMAT, MU, MXIM, ASML, CSCO,
AVGO, ADSK, TSLA, PYPL, ANSS, ATVI, BIDU, CDNS, ILMN, SNPS, CERN, IDXX, ALXN,
SWKS, ORLY, NTES, MRVL, PTON, AMGN, INTC, JD, PDD, KLAC, NXPI, EBAY, GILD,
LRCX, WBA, BIIB, FOXA, MCHP, QCOM, CSX, EXC, PCAR, CDW, CTAS, DOCU, INCY, MELI,
REGN, SPLK, EA, ZM, SGEN, BKNG, GOOGL, INTU, OKTA, TCOM, VRTX, WDC, AAPL,
AMZN, CTSH, DXCM, ISRG, MSFT, NFLX, NVDA, SBUX, TMUS, XEL,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 11
AAPL, AMZN, CTSH, DXCM,
ISRG, MSFT, NFLX, NVDA, SBUX, TMUS, XEL
Moving Below 30 DMA = 2
CHKP, FAST,
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here:
Real Estate leaders: PEAK, ESS, DRE, SPG
VIX down 1.66 at 21.58
Down trend sectors:
3-day Short Term Market Trend: Up
CHKP, FAST,
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