SPX Bounces Moves Above the High of the Low Day...Industrials, Communication Services, Consumer Discretionary Lead Sectors...

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The SPX +47.45 opens higher and closes above the high of the low day in a one-day bull flag bounce.  The SPX closes above 5,000 for the third time in the last four days.

NVDA +17.72 at a new all-time closing high of 739.00.  Susquehanna raised its price target to $850.

Thursday BMO: CBRE, DE, EPAM, GPC, HBI, LH, SO, TRGP, WST, ZBRA…AMC: AMAT, BIO, DLR, ED, IR, LNT.

First day reaction: Q4 as of Wednesday, day 23 of Q4 earnings season.

Positive: IQV, CRL, DVA, WELL, ES, CME, MLM, GPN, WM, LDOS, HWM INCY, TRMB, FE, RL, DIS, TPR, NWSA, WYN, MOH, ICE, EFX, HSY, MAS, BAX, K, GL, ALL, COP, ENPH, EMR, CMG, F, PRU, VLTO, AIZ, FTNT, JKHY, CVS, CDW, AMCR YUM, IEX, GEHC, DD, WTW, SPG, XYL, CMI, LIN, J, WAT, CNC, EL, ON, IDXX, TSN, CAT, META, AMZN, CLX, GWW, CI, HIG, CVX, CPT, CTVA, PH, ETN, TT, BALL, QRVO, MRK, TSCO, DOV, MO, CMS, ALGN, RVTY, BDX, WEC, SYK, COR, BA, FTV, ADP, BSX, MTCH, EQR, PSX, MSCI. GM, SYY, NUE, GLW, MPC, HCA, DHR, HUBB, AXP, COF, LHX, CL, URI, AAL, IBM, RMD, WRB, CCI, MKC, PKG, DOW, CMCSA, VLO, BX, LRCX, STX, CSX, NEE, RJF, XEL, LVS, NFLX, TXT, TEL, GD, FCX, APH, VZ, RTX, UAL, BRO, PG, PCAR, HAL, TRV, RF, HBAN, FITB, SLB, STT, FAST, JBHT, MTB, CFG, BK, C = 147

Neutral:  INVH, GNRC, WAB, PFG, FRT, KO, MSI, MHK, CTLT, MAA, KIM, TROW, DTE, HLT, UBER, ATO, DAY, UDR, CTSH, NXPI, LLY, AME, L, ABBV, BMY, XOM, AAPL, RCL, AVB, PTC, DGX, MA, CB, SWKS, EA, JNPR, AVY, FFIV, NVR, PHM, PNR, BEN, TMUS, WY, SHW, AMP, NOW, UNP, STLD, ELV, ISRG, SYF, GE, CMA, TFC, GS, PNC, BLK, JPM = 59

Negative: AKAM, MGM, KHC, EQT, WMB, ABNB, AIG, MCO, ZTS, MAR, ANET, CDNS, HAS, TAP, EXPE, TTWO, DXCM, MTD, ILMN, PEAK, PEP, REG, VRSN, PYPL, SINA, FLT, EG, BWA, KVUE, SPGI, MCK, ORLY, ZBH, DUK, PM, STE, PAYC, TDG, IPG, VFC, FOXA, AMGN, CINF, GILD, OMC, BF, EW, ESS, FMC, CARR, VRTX, FI, IT, APD, MCD,  CHTR, GEN, EMN, HOLX, AON, CHD, LYB, MCHP, REGN, CBOE, CHRW, AFL, MET, QCOM, IP, CAH, WRK, TECH, HON, ITW, SWK, BR,  MKTX, ROK, TER, GOOGL, APTV, BXP, TMO, ROP, MSFT, AMD, RHI, HES, OTIS, MDLZ, ODFL, NDAQ, SBUX, UPS, WHR, ARE, JCI, AOS, PFE, INTC, FICO, KLAC, WDC, AJG, V, NSC, TSLA, HUM, NOC, MMC, LUV, KMB, TDY, BKR, T, ABT, TXN, MMM, DHI, IVZ, LMT, JNJ, ZION, PPG, DFS, KEY, NTRS, KMI, PLD, USB, SCHW, MS, DAL, UNH, WFC, BAC, = 137

Mega caps META, TSLA, NVDA, AMZN, MSFT, GOOGL rose and AAPL fell on Wednesday.

SPY up 4.49 at 498.57 on 68.2 million shares, just below average volume, closed higher on lower volume. 

VIX down 1.47 at 14.38

QQQ up 4.67 at 433.22

CRM, INTC, CSCO, NKE led the DJIA, 19 advancers, +14

UBER, IQV, CRL, DVA led the SPX, 386 advancers 

ILMN, NFLX, ZS, AMD led the NDX, 80 advancers.

The two-year trend term is sideways.  The one-year trend is up.

Up:  IWM, QQQ, SPY, DIA,

Down: 

Nine of eleven sectors were up on Wednesday, led by the XLI, XLC and XLY.

The SPY MFC green line is pointed down at 90.4 and is counter-trend defensive.

Uptrend sectors:   XLK, XLV, XLI, XLC, XLF, XLP, XLY, XLRE, XLB,

Neutral sectors:  XLU, XLE,

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: Down a little

80 of 100 NDX stocks closed higher on Wednesday.

59 NDX stocks are above their 30 DMA:  CRWD, CTAS, ROST, AMD, COST, ZS, ISRG, REGN, AVGO, MRVL, FTNT, META, SPLK, ADP, ADSK, NVDA, AMZN, DASH, DDOG, LRCX, MSFT, NFLX, WDAY, PANW, MELI, CDNS, ORLY, VRSK, AMAT, ASML, CDW, FAST, INTU, KLAC, PCAR, ABNB, SNPS, CEG, CSX, MDB, BKNG, CPRT, DLTR, ODFL, GOOGL, IDXX, NXPI, GEHC, PAYX, SBUX, ON, QCOM, TTD, EA, FANG, AEP, CTSH, ILMN,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 2

CTSH, ILMN,

Moving Below 30 DMA = 1

PEP,

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