IWM, SPY, DIA, QQQ Bounce after Two-day Pullback as Earning's Season Continues...

 
 
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NFLX -40.67, -7.40%, at 508.90 on earnings beat on Tuesday evening with lower-than-expected subscriber growth.
 
The DJI +316.01, +0.93%, closing at 34,137.  IBM, CAT, V and GS were the largest point gainers on Wednesday.
 
NDX +125.85, +0.91%, closes at 13,935.
SPX +38.48, +0.93%, ended at 4,173.
 
TSLA +3.50%, a re-BO and bull flag bounce.
 
SPY = bull flag bounce.
DIA = bull flag bounce.
QQQ = bull flag bounce and a re-BO.
IWM = channel bounce.
 
 
Ten of eleven sectors were higher on Wednesday, led by XLB, XLF and XLI.
 
Basic Materials leaders: DOW, MOS, LYB, DD
Financial leaders: SIVB, CFG, KEY, RF
Industrials leaders: CSX, LUV, AAL, UAL
 
SPY up 3.90 at 416.07, on 66.7 million shares, below average volume, up on lower volume. 
VIX down 1.18 at 17.50
 
IBM, DOW, NKE CAT led the DJIA, 26 advancers, +16
DISH, NCLH, DISCA, VIAC led the SPX, 415 advancers.
ISRG, MRNA, ASML, AMAT led the NDX, 84 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, SPY, DIA, QQQ,
Down:
 
Advancers strengthened on Wednesday as decliners led 2,613 to 714 on the NYSE and led 3,326 to 925 on the NASDAQ.
 
The SPY MFC green line turned up at 94.1 and is bullish.  SPY is a bull flag bounce.
 
 
Uptrend sectors:  XLP, XLI, XLY, XLK, XLB, XLRE, XLC, XLF, XLU, XLV, XLE,
Neutral sectors: 
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: Down a little
 
84 of 100 NDX stocks closed higher on Wednesday.
 
79 NDX stocks are above their 30 DMA:   KHC, ADP, ORLY, CSCO, AEP, XEL, AMAT, EXC, FB, MDLZ, CTSH, SIRI, TXN, FAST, AMGN, DLTR, PEP, CSX, MNST, COST, ASML, CERN, CDW, SBUX, ADBE, EBAY, GILD, LRCX, REGN, ROST, SWKS, VRSK, VRSN, EA, TMUS, ADSK, ALGN, ANSS, CDNS, GOOGL, ISRG, MSFT, MXIM, NVDA, SNPS, AAPL, AMZN, CPRT, FISV, INTU, CHKP, DXCM, PYPL, TSLA, MELI, ALXN, DOCU, IDXX, LULU, OKTA, MRNA, TEAM, INCY, VRTX, BIIB, CHTR, NTES, PAYX, ADI, AMD, CTAS, KLAC, MCHP, NXPI, QCOM, SGEN, WBA, WDC, XLNX,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 11
ADI, AMD, CTAS, KLAC, MCHP, NXPI, QCOM, SGEN, WBA, WDC, XLNX,
 
Moving Below 30 DMA = 2
ATVI, NFLX,  
 
 
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