QQQ, IWM, SPY, DIA Open Higher, Close Higher after FOMC Minutes...Utilities, Materials, Technology Lead Sectors...

 
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QQQ, SPY and DIA opened higher, sold off, reversed and closed higher after FOMC minutes were released at 2 pm ET
 
Earnings Reactions Q3 beginning Oct 12:
Up: BLK, FRC, FAST
Down: DAL, JPM
    
 
SPX closed at 4,363 and NDX closed at 14,774.
 
SPY up 1.56 at 435.18, on 72.9 million shares, below average volume, up on higher volume.  
VIX down 1.21 at 18.64
QQQ up 2.86, +0.80% at 360.00
 
 
CRM, NKE, MSFT, JNJ led the DJIA, 16 advancers, +9
AMD, BLK, DISCA, XLNX led the SPX, 284 advancers.
CRWD, OKTA, PDD, ZM, led the NDX, 78 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, IWM, SPY, DIA,
Down:
 
SPY = MACD divergence setup
DIA = MACD divergence setup
QQQ = MACD divergence trigger
IWM = channel bounce up
 
Nine of eleven sectors were higher on Wednesday, led by XLU, XLB and XLK.
 
Utilities leaders: ATO, NRG, XEL, SRE
Basic Materials leaders: FCX, ALB, NEM, APD
Technology leaders: AMD, XLNX, CTXS, PTC
 
Advancers strengthened on Wednesday as advancers led 2,026 to 1,239 on the NYSE and led 2,653 to 1,840 on the NASDAQ.
 
The SPY MFC green line is pointed up at 34.8 and is bullish.  SPY is a MACD divergence bounce re-entry setup. 
 
 
Uptrend sectors:  XLE, XLF, XLY, XLK, XLRE, XLC, XLV,
Neutral sectors:  XLP, XLU, XLI, XLB,
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is sideways.
 
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Sideways
 
78 of 100 NDX stocks closed higher on Wednesday.
 
34 NDX stocks are above their 30 DMA:  NFLX, TSLA, BKNG, MTCH, MAR, FOXA, SGEN, TCOM, KHC, DLTR, PAYX, ADP, CSX, ORLY, TEAM, CTAS, MRVL, NTES, PEP, VRSK, EBAY, KDP, XLNX, BIDU, JD, SPLK, CHKP, AMD, CRWD, DXCM, MSFT, PDD, WDAY,
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 6
AMD, CRWD, DXCM, MSFT, PDD, WDAY,
 
Moving Below 30 DMA = 0
 
 

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