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DJI +61.97, +0.34%, rose to an all-time high on Wednesday. SPX -1.35, -0.03%, closed
at 3,909, paused in a trading range
for the second day after making an all-time closing high on Monday.
TWTR +7.90, +13.20%, UAA +7.90, +1.73%, rose on
a positive EPS reaction and led the SPX on Wednesday. TSLA -5.26% rolled
down breaking the short-term support of the last six days.
After-hours
SONO and Z rise on positive EPS reaction, while ELY and UBER
fall on a negative reaction.
Five
of eleven
sectors were higher on Wednesday, led by XLE,
XLC and XLRE.
Energy leaders: DVN, FTI, OXY, EOG
Communications Services leaders: TWTR,
DISCA, FOXA, VIAC
Real Estate leaders: SPG, ESS, VNO, IRM
SPY down .26 at 390.25 on 35.5 million shares, below average volume, down on lower volume.
VIX up .39 at 21.99
WBA, DOW, CVX, GS led the DJIA, 18 advancers, +7
TWTR, UAA, TYL, IFF led the SPX, 295 advancers.
MTCH, PDD, CDW, NVDA led the NDX, 51 advancers.
The two-year trend term is up. The one-year trend is up.
Up: DIA,
Down: SPY, QQQ, IWM,
Advancers weakened on Wednesday as advancers led 1,634 to 1,577 on the NYSE and decliners
led 2,257 to 1,748 on the NASDAQ.
The SPY MFC green line
is pointed up at 97.1 and is bullish. Price action is a two-day pause making an
intra-day all-time new 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
51 of 100 NDX stocks
closed higher on Wednesday.
70 NDX stocks are above their 30 DMA: AMAT, ASML, AVGO, BIDU, ILMN, SWKS, NTES, INTC,
PDD, KLAC, EBAY, GILD, WBA, BIIB, PCAR, CTAS, GOOGL, MSFT, MRNA, WDC,
DXCM, MELI, MU, NFLX, ATVI, AAPL, ALGN, AMZN, ANSS, CDNS, CDW, CSCO, JD, NVDA,
NXPI, OKTA, PYPL, SNPS, TEAM, TXN, WDAY, ZM, ADBE, CMCSA, FB, EXC, INTU, ROST,
CTAS, DOCU, IDXX, MCHP, MTCH, PAYX, SBUX, ADSK, CPRT, KHC, MAR, TCOM, ADI, EA,
LRCX, XLNX, DLTR, AMD, BKNG, FOXA, ISRG, VRSN,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 5
AMD, BKNG, FOXA, ISRG, VRSN,
Moving Below 30 DMA = 5
ADP, FISV, MRVL, SPLK,
TSLA,
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1 comment:
Thank you for all your work to present the “Weight of the evidence”, Dave. Very appreciated.
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