DJI Closes Higher, SPX, NDX Trade in a Narrow Range...Energy, Materials, Financials Lead Sectors...

 
© 2021
 
Wednesday Earning Reactions:
Up – PYPL, DVN, CZR,  RUN, ZNGA, BE, ROOT, FOX 
Down – ETSY, UBER, FSLY, TWLO, CTSH
 
.
S&P futures moved higher overnight, traded in a range on Wednesday, closing just below the HOLD.  Still a bull flag setup.
 
DJI +97.31, +0.29%, closes at 34,230.  GS, CAT, CVX and MMM were the largest point gainers on Wednesday.
NDX -41.30, -0.30%, closed at 13,503.
SPX +2.93, +0.07%, closed at 4,167, and formed a spinning top.                 
 
TSLA -0.39%, traded at short-term support, formed a spinning top.
 
SPY = bull flag setup.
DIA = HBO setup.
QQQ = inside day.
IWM = bull flag setup in a channel.
 
Five of eleven sectors were higher on Wednesday, led by XLE, XLB and XLF.
 
Energy leaders: SEE, AMCR, MLM, VMC, NUE
Basic Materials leaders: BEN, PNC, ZION, CFG
Financial leaders: XYL, GWW, URI, CAT
 
SPY up .13 at 415.75, on 39.9 million shares, below average volume, up on lower volume. 
VIX down .33 at 19.15
 
DOW, CVX, MRK, GS led the DJIA, 18 advancers, +4
CZR, DVN, UAA, SLB led the SPX, 274 advancers.
TMUS, MTCH, ASML, WDC led the NDX, 43 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: DIA, SPY,
Down: QQQ, IWM,
 
Advancers strengthened on Wednesday as advancers led 1,762 to 1,570 on the NYSE and decliners led 2,334 to 1,909 on the NASDAQ.
 
The SPY MFC green line is pointed down at 91 and is counter-trend defensive.  SPY is a bull flag setup. 
 
 
Uptrend sectors:  XLF, XLI, XLB, XLRE, XLP, XLY, XLV, XLU, XLC, XLK, XLE,
Neutral sectors: 
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is sideways.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down a little
 
43 of 100 NDX stocks closed higher on Wednesday.
 
36 NDX stocks are above their 30 DMA:   ORLY, AEP, XEL, FB, FAST, CSX, COST, CERN, SBUX, ROST, VRSN, GOOGL, ISRG, CPRT, CHKP, ALXN, IDXX, LULU, MRNA, CHTR, NTES, CTSH, TCOM, MDLZ, CMCSA, KHC, PEP, ADP, BIIB, CTAS, GILD, PAYX, WBA, ASML, MXIM, TMUS,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 3
ASML, MXIM, TMUS,
 
 
Moving Below 30 DMA = 7
ALGN, AMZN, CDW, EXC, MNST, REGN, VRSK,
 
 
Add Comments here: