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Markets closed Thursday. Open half day on Friday until 1 pm ET.
The SPX +23.68 opened higher, a volatile
midday and rally after FOMC minutes released at 2:00 pm ET. The SPX close at 4,027, its highest
close since September 12. The SPX
closed at short-term, 7-day resistance.
TLT and GLD closed higher, while DXY, /CL and TNX and
moved lower.
SPY up 2.52 at 402.90, on 68.1 million shares, below average volume, up
on higher volume.
VIX down .94 at 20.35
QQQ up 2.87 at 288.82
DIS, CRM, BA, UNH led the DJIA, 17 advancers, -10
DE, WBD, GCI, DPZ led the SPX, 354 advancers
TSLA, TEAM, OKTA, DOCU led the NDX, 81 advancers
The two-year trend term is up. The
one-year trend down.
Up: QQQ, SPY, DIA, IWM
Down:
Ten of eleven sectors were higher on Wednesday, led by XLY, XLC and
XLU.
Consumer Discretionary leaders: TSLA,
DPZ, TGT, BBY
Communication Services leaders: WBD,
GCI, TTWO, DIS
Utilities leaders: EIX, AWK, SRE,
ED
Advancers were mixed on Wednesday as advancers led 1,926 to 1,192 on the NYSE and led 2,880 to 1,711 on the NASDAQ.
The SPY
MFC green line is pointed up at 90.7 and is short-term bullish.
SPY opened higher and closed higher.
Uptrend sectors: XLE, XLF, XLB,
XLI, XLV,
Neutral sectors: XLP,
Down trend sectors: XLK, XLRE, XLU, XLY, XLC,
The 6-month intermediate
trend is sideways. The ten-day trend is up.
3-month Intermediate Term Market
Trend: Sideways
3-day Short Term Market Trend: Up
81 of 100 NDX stocks
closed higher on Wednesday
80 NDX stock are above their 30 DMA: BIIB,
ORLY, DXCM, GILD, PCAR, AMGN, KHC, PEP, SIRI, ILMN, EA, HON, ISRG, WBA, BKNG, ADP,
CTAS, CSCO, MRNA, AMAT, CHTR, COST, CSX, IDXX, LRCX, MDLZ, MNST, NVDA,
ROST, TMUS, AZN, LULU, KLAC, FAST, INTC, MU, VRTX, XEL, AEP, EBAY, MELI, ADI,
ASML, AVGO, CMCSA, MAR, MCHP, NXPI, ODFL, PAYX, PDD, SBUX, SWKS, TXN, ADBE,
ANSS, AAPL, AMD, ATVI, CDNS, CPRT, FISV, JD, MRVL, MSFT, MTCH, NFLX, QCOM,
SNPS, VRSN, BIDU, GOOGL, NTES, EXC, PANW, VRSK, KDP, CTSH, FTNT, WDAY,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 2
FTNT, WDAY,
Moving Below 30 DMA = 2
ADSK, REGN,
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