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The DJI +16.02, +0.05%, closed at 33,446. JPM, MSFT, AAPL and UNH were the largest point gainers on Wednesday.
NDX +38.24, +0.28%, was a channel bounce continuation.
SPX +6.01, +0.15%, ended
at 4,079, a new all-time high.
TSLA -2.99%, moves
below LOHD in a channel bounce down.
Five
of eleven
sectors were higher on Wednesday, led by XLC,
XLK and XLF.
Communication Services leaders: TWTR, FB, GOOGL, LUMN
Technology leaders: NVDA,
AAPL, INTC, QCOM
Financial leaders: AIZ, LNC, UNM, KEY
SPY up .47 at 406.59, on 55.8 million shares, below average volume, up on lower volume.
VIX down .96 at 17.16
JPM, AAPL, INTC, MSFT led the DJIA, 16 advancers, +4
LB, FTI, TWTR, ESS led the SPX, 189 advancers.
FB, NVDA, AMZN, GOOGL led the NDX, 27 advancers.
The two-year trend term is up. The one-year trend is up.
Up: QQQ, SPY, DIA,
Down: IWM,
Advancers weakened on Wednesday as decliners led 1,886 to 1,409 on the NYSE and
led 2,860 to 1,305 on the NASDAQ.
The SPY MFC green line
is pointed up and rose 2.2 to 97.2 and is bullish. Price action is a pause range day with an all-time
closing high.
Uptrend sectors: XLP, XLI, XLB, XLRE, XLV, XLC, XLF,
XLE, XLY,
Neutral sectors: XLK, XLU,
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
27 of 100 NDX stocks
closed higher on Wednesday.
75 NDX stocks are above their 30 DMA: KHC, ADP, ORLY, CSCO, AEP, XEL, AMAT, EXC, FB,
MDLZ, CTSH, WBA, SIRI, TXN, FAST, AMGN, DLTR, PEP, CSX, MNST, COST, ASML, CERN,
CDW, NXPI, SBUX, ADBE, BKNG, EBAY, GILD, INCY, INTC, KLAC, LRCX, REGN, ROST,
SWKS, VRSK, VRSN, EA, TMUS, MRVL, ADI, ADSK, ALGN, ANSS, CDNS, CTAS, GOOGL,
ISRG, MCHP, MSFT, MXIM, NVDA, SNPS, AAPL, AMD, AMZN, ATVI, AVGO, CPRT, FISV,
INTU, MU, NFLX, QCOM, WDAY, WDC, XLNX, CHKP, DXCM, PYPL, TSLA, MELI, PTON,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 7
ALXN, BIIB, ILMN, LULU, MAR, SPLK,
VRTX,
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