IWM Leads QQQ, SPY as Breadth Improves...

 
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SPX opened higher and traded in a range on Wednesday.  Semiconductor stocks SMH traded in a range at short-term resistance. 
 
 
DJI +10.59, +0.03%, closed at 34,323.  GS, NKE, CRM and BA were the largest point gainers on Wednesday.
NDX +45.01, +0.33%, closed at 13,702.
SPX +7.86, +0.19%, closed at 4,195.                  
 
TSLA +2.39%, continues to rally after a pause day.
 
SPY = small bounce after BO test.
DIA = breakout setup.
QQQ = bounce continuation.
IWM = bounce continuation.
 
Eight of eleven sectors were higher on Wednesday, led by XLY, XLE and XLC.
 
Consumer Discretionary leaders: F, PENN, GPS, RCL
Energy leaders: FANG, OXY, APA, DVN
Communication Services leaders: VIAC, DISCA, TMUS, CMCSA
 
SPY up .83 at 419.07, on 43.0 million shares, below average volume, up on lower volume. 
VIX down 1.48 at 17.36
 
NKE, CRM, GS, DOW led the DJIA, 16 advancers, +6
F, PENN, GPS RCL led the SPX, 323 advancers.
PTON, MRNA, TSLA, SPLK led the NDX, 62 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, QQQ, SPY, DIA,  
Down:
 
Advancers strengthened on Wednesday as advancers led 2,258 to 1,082 on the NYSE and led 3,200 to 1,121 on the NASDAQ.
 
The SPY MFC green line is pointed up at 70.9 and is bullish.  SPY is a bounce after a BO test. 
 
 
Uptrend sectors:  XLRE, XLP, XLC, XLV, XLF, XLB, XLE, XLI, XLU, XLK, XLY,
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: Up
 
62 of 100 NDX stocks closed higher on Wednesday.
 
52 NDX stocks are above their 30 DMA:  COST, CERN, VRSN, ALXN, CHTR, MDLZ, KHC, PEP, TMUS, SGEN, CSCO, PAYX, INTU, WDC, TCOM, NTES, ATVI, FB, MXIM, ADI, ADP, CPRT, FAST, GOOGL, IDXX, ILMN, MRVL, NXPI, ZM, ALGN, EBAY, NVDA, PTON, ADSK, AMAT, ASML, AVGO, CMCSA, CTAS, EA, KLAC, LRCX, MCHP, SNPS, TXN, ADBE, MRNA, PYPL, TEAM, EXC, LULU, MAR,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 3
EXC, LULU, MAR,
 
Moving Below 30 DMA = 5
BIIB, ISRG, PDD, WBA, XEL,                                                             
 
                                                                                     
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