QQQ, SPY, DIA, IWM Slightly Higher as Trading Range Continues...

 
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SPX opened slightly higher and traded in and traded in a 19-point range and formed a doji candle pattern.    Semiconductor stocks SMH opened flat and traded higher in a bounce continuation. 
 
 
DJI +25.07, +0.07%, closed at 34,600.  V, AMGN, IBM and CVX were the largest point gainers on Wednesday.
NDX +21.21, +0.16%, closed at 13,675.
SPX +6.08, +0.14%, closed at 4,208.                  
 
TSLA -3.04%, bounce down from resistance.
 
SPY = narrow trading range below all-time high.
DIA = ST breakout continuation.
QQQ = six-day range below short-term resistance.
IWM = 3-week breakout continuation.
 
Six of eleven sectors were higher on Wednesday, led by XLE, XLRE and XLK.
 
Energy leaders: FTI, SLB, HFC, COG
Real Estate leaders: EQIX, IRM, SBAC, VTR
Technology leaders: NVDA, NLOK, MA, WU
 
SPY up .66 at 420.33, on 49.0 million shares, below average volume, down on lower volume. 
VIX down .42 at 17.48
 
WBA, CVX, V, IBM led the DJIA, 20 advancers, +7
FTI, SLB, ETSY, HFC led the SPX, 261 advancers.
MRNA, EBAY, NVDA, SPLK led the NDX, 54 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, DIA, IWM,
Down:
 
Advancers weakened on Wednesday as advancers led 1,833 to 1,489 on the NYSE and led 2,190 to 1,127 on the NASDAQ.
 
The SPY MFC green line is pointed up at 83.3 and is bullish.  SPY traded in a range and formed a doji. 
 
 
Uptrend sectors:  XLRE, XLF, XLE, XLB, XLI, XLC, XLP, XLK, XLY, XLV, XLU,
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: Sideways
 
54 of 100 NDX stocks closed higher on Wednesday.
 
59 NDX stocks are above their 30 DMA:  COST, CERN, ALXN, CHTR, MDLZ, KHC, PEP, TMUS, SGEN, CSCO, PAYX, INTU, WDC, TCOM, NTES, ATVI, FB, MXIM, ADI, ADP, CPRT, GOOGL, IDXX, ILMN, MRVL, NXPI, ZM, NVDA, PTON, AMAT, ASML, AVGO, CMCSA, CTAS, EA, KLAC, LRCX, MCHP, SNPS, TXN, MRNA, PYPL, TEAM, MU, SIRI, AMD, EBAY, EXC, QCOM, REGN, XLNX, JD, MAR, PDD, DXCM, INTC, MNST, SPLK, WBA,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 5
DXCM, INTC, MNST, SPLK, WBA,
 
Moving Below 30 DMA = 3
ALGN, BIDU, MAR,
                                                                                                                   
 
                                                                                     
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