IWM, QQQ Lead Day Three Rally...AAPL Leads DJI...Health Care Leads Sectors...

  
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Stocks opened flat and closed higher on Wednesday as IWM and QQQ led.  The SPX closed at 4,701 +14.46, and the NDX closed at 16,394, +68.67.
 
 
SPY up 1.24 at 469.52, on 72.2 million shares, average volume, up on lower volume.  
VIX down 1.99 at 19.90
QQQ up 1.78, +0.45% at 399.61
 
AAPL, DIS, MRK, AXP led the DJIA, 16 advancers, -8
NCLH, CCL, RCL, SWN led the SPX, 309 advancers.
DOCU, PTON, OKTA, BIIB led the NDX, 63 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, QQQ, SPY, DIA,  
Down:
 
SPY = channel bounce continuation
DIA = channel bounce continuation
QQQ = channel bounce continuation
IWM = channel bounce continuation
 
Seven of eleven sectors were higher on Wednesday, led by XLV, XLC and XLK.
 
Health Care leaders: BIIB, EW, CTLT, REGN
Communication Services leaders: TWTR, GCI, FB, IPG
Technology leaders: PYPL, SNPS, CTXS, AAPL
 
Advancers weakened on Wednesday as advancers led 2,070 to 1,294 on the NYSE and led 3,130 to 1,569 on the NASDAQ.
 
The SPY MFC green line is pointed up at 50.2 and is bullish.  SPY is a channel bounce continuation. 
 
 
Uptrend sectors:  XLK, XLY, XLRE, XLE, XLB, XLI, XLF, XLV,
Neutral sectors:  XLP, XLU,
Down trend sectors: XLC,
 
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
 
63 of 100 NDX stocks closed higher on Wednesday.
 
52 NDX stocks are above their 30 DMA:  DLTR, VRSK, XLNX, AVGO, NVDA, AAPL, COST, INTU, QCOM, KLAC, NXPI, PTON, VRSN, LRCX, MCHP, MU, GILD, VRTX, ADP, CDW, CSCO, FAST, ORLY, SNPS, TXN, XEL, CSX, MRVL, PEP, AEP, AMGN, ANSS, CTAS, CTSH, FISV, INTC, SBUX, WBA, ADI, ALGN, AMAT, AMD, AMZN, CDNS, CERN, GOOGL, INCY, MNST, MSFT, REGN, MAR, PCAR,
 
 
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 2
MAR, PCAR,  
 
Moving Below 30 DMA = 4
EXC, MDLZ, NTES, TMUS,
 
 
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