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NDX, SPX, RUT, DJI all rallied for a second day on
Wednesday closing above Tuesday’s
high on each chart. SPX closed at 4,696 +47.33. The NDX closed at 16,180, +193.86.
PAYX +6.98, +5.52% gained on positive earnings
reaction.
SPY up 4.63 at 467.69, on 58.8 million shares, below average volume, up on lower volume.
VIX down 2.38 at 18.63
QQQ up 4.74, +1.22% at 393.95
CAT, MSFT, AAPL, UNH led the DJIA, 26 advancers, +0
RCL, MOS, CCL, ABMD led the SPX, 422 advancers.
TSLA, PAYX, XLNX, ISRG led the NDX, 78 advancers.
The two-year trend term is up. The one-year trend is up.
Up: QQQ, SPY, IWM, DIA,
Down:
All eleven
sectors were higher on Wednesday, led by XLY,
XLK and XLV.
Consumer Discretionary leaders: TSLA, RCL, CCL, LEN
Technology leaders: PAYX, XLNX, CDW, ACN
Health Care leaders: ISRG,
ABMD, WAT, SYK
Advancers weakened on Wednesday as advancers led 2,480 to 867 on the NYSE and led 2,867 to 1,809 on the NASDAQ.
The SPY MFC green line
is pointed down at 54.8 and is defensive. SPY is a day two support bounce continuation
move in an ascending triangle.
Uptrend sectors: XLV, XLK, XLRE, XLU, XLP, XLB, XLY, XLE,
XLI, XLF,
Neutral sectors:
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
78 of 100 NDX stocks
closed higher on Wednesday.
49 NDX stocks are above their 30
DMA: DLTR, AVGO, AAPL, COST, LRCX, MU, GILD, VRTX,
CSCO, FAST, ORLY, XEL, MRVL, PEP, AEP, AMGN, CTSH, WBA, CERN, MNST,
MDLZ, INCY, TMUS, KDP, PAYX, SIRI, VRSN, CHKP, FTNT, PANW, AMAT, ANSS, ATVI,
BKNG, CDNS, CSX, EA, EXC, FISV, IDXX, ILMN, INTC, ISRG, KLAC, MAR, MCHP, NXPI,
QCOM, SNPS, ADP, DDOG, GOOGL,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 3
ADP, DDOG, GOOGL,
Moving Below 30 DMA = 1
FB,
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