RUT, NDX, SPX Closed Higher...RUT Makes New All-time Closing High...Real Estate, Utilities, Technology Led Sectors...

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SPX +26.75, 6,671, higher open followed by a trading range led to a higher close on Wednesday.  Breadth weakened again but remained positive as advancers led decliners on Wednesday.  Government shutdown continued for a fifteenth day.

A bounce that resulted in close above the high of the following day in the broad market. The six-month trend is still up.  Dave

NDX +0.68%, bounce up from support reversed Tuesday’s pullback.  RUT, IWM make new all-time closing high.

DJI, 46,270, -0.04%, a bull flag bounce pause day, advancers offset by TRV, HON and CRM.

NVDA -0.20, -0.11%, breakout test.

AVGO +7.20, +2.09%, channel bounce. 

ORCL +4.62, +1.55%, continues channel bounce.

Mega caps TSM, GOOGL, AVGO, TSLA, META, AAPL, BRK/B rose and MSFT, NVDA, AMZN fell on Wednesday. 

SPY up 2.94 at 665.17, 81.4 million shares, above average volume

VIX down -0.17 at 20.64

QQQ up 4.22 at 602.22

WMT, IBM, CSCO, CAT led DJIA, 14 advancers, -6

BG, AMD, FSLR, WDC led SPX, 246 advancers,

AMD, KLAC, LRCX, AMAT led NDX, 52 advancers.

Up: IWM, QQQ, SPY, 

DIA (unchanged),

Down:

The SPY MFC green line is down at 71, price action remains above the high of the low day September 25 and is short-term bullish. -5.2

Seven of eleven sectors were higher and XLF was unchanged on Wednesday led by XLRE, XLU and XLK. 

Uptrend sectors: XLK, XLU, XLV, XLI, XLC, XLY, XLF, XLE,

Neutral sectors: XLB, XLRE,

Down trend sectors: XLP,

The 6-month intermediate trend breakout is up.  The ten-day trend is down a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

52 of 100 NDX stocks closed higher on Wednesday.

49 NDX stocks are above their 30 DMA: MNST, MU, INTC, PANW, TSLA, TTWO, ASML, LRCX, DDOG, DASH, WBD, ZS, MRVL, CRWD, CEG, PLTR, AMAT, FTNT, MRVL, CSX, XEL, EA, EXC, AEP, VRTX, AMD, AMGN, ARM, AZN, TTD, GILD, PEP, AAPL, AVGO, GFS, GOOGL, KLAC, MSFT, ON, ROST, WDAY, ABNB, COST, CSCO, KDP, MAR, IDXX, MCHP, REGN,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 3

IDXX, MCHP, REGN,

Moving Below 30 DMA = 6

BIIB, CCEP, NFLX, NVDA, PYPL, ROP,

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