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The DJI +189.42, +0.58%, closed at 33,015. BA, CAT, MCD and AMGN led the point gain on Wednesday.
NDX +50.10, +0.38%, continued its channel bounce on Wednesday.
SPX +11.41, +0.29%, closed at 3,974, a new all-time closing high.
TSLA +3.68%, continued in a tight range for the sixth day.
Six of eleven sectors were higher on Wednesday, led XLY, XLI and XLB.
Consumer Discretionary leaders: LEN, GM, EXPE, DHI
SPY up 2.35 at 397.26 on 97.9 million shares, above average volume, up on higher volume.
VIX down .56 at 19.23
DOW, BA, CAT, MCD led the DJIA, 19 advancers, +5
The two-year trend term is up. The one-year trend is up.
Up: IWM, DIA, QQQ, SPY,
Advancers strengthened on Wednesday as advancers led 1,803 to 1,427 on the NYSE and led 2,468 to 1,667 on the NASDAQ.
The SPY MFC green line is pointed up, rose 2.9 to 95 and is bullish. Price action is an all-time new high.
Uptrend sectors: XLF, XLE, XLI, XLC, XLB, XLK, XLY, XLV,
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
50 of 100 NDX stocks closed higher on Wednesday.
47 NDX stocks are above their 30 DMA: WDC, CDW, CMCSA, KHC, MAR, TCOM, BKNG, FOXA, FISV, ADP, SBUX, ORLY, CSCO, CSX, CTAS, INTC, PAYX, TMUS, AEP, DLTR, ROST, XEL, AMAT, EXC, FB, MDLZ, PCAR, CHTR, CTSH, WBA, MU, NXPI, SIRI, TXN, VRTX, FAST, AMGN, AVGO, CHKP, REGN, GOOGL, SWKS, ADI, EBAY, LRCX, MCHP, WDAY,
NDX Stocks to Watch on Thursday:
Moving Below 30 DMA = 3
MNST, MSFT, PEP,
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1 comment:
/ES breakout on higher than average volume. I’m getting good vibrations here, Dave. “...Good, Good, Good, Good Vibrations...”
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