DJI a New All-time Closing High, SPX Closed Slightly Higher as NDX, RUT Closed Slightly Lower as House Vote Expected...Health Care, Financial, Basic Materials Led Sectors...

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SPX +4.31, 6,850, a very modest increase, closed above 6,800.  Breadth weakened on Wednesday, as decliners led advancers.  Advancing capital did increase primarily because of buying in AMD stock today, after AMD raised guidance at Tuesday’s analyst day presentation.  Government shutdown continued for the forty-third day but as many have expectations of potential House a vote on Wednesday. It does seem as if buyers are in a modest buying mode until a House vote occurs.

SPY opened higher, pulled back, bounced and made a small advance closing 38 cents higher in its bull flag bounce.  The visual evidence continues to indicate that the intermediate trend is more probable to continue.  Remember to make a higher low the trend must pull back from a higher high.  The four-week SPY trend is up.  The three- and six-month trends are up.  Dave

Earnings: There are 8 SPX earnings reports this week including CSCO on Wednesday and DIS, AMAT on Thursday. 

NDX -0.06%, pause for a second day after Monday’s bull flag bounce. 

DJI, 48,254, +0.68%, breakout to a new all-time closing high, led by GS, UNH and CAT.

NVDA +0.64, +0.33%, EPS on November 19 AMC..

AVGO +3.26, +0.93%, bull flag setup.

ORCL -9.16, -3.88%, channel bounce down.

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

SPY up +0.38 at 683.38, 61.4 million shares, below average volume.

VIX up +0.23 at 17.51,

QQQ down -0.49 at 621.08

UNH, GS, CSCO, NKE led DJIA, 21 advancers, -5

AMD, ALB, UAL, CMG led SPX, 294 advancers,

AMD, ADI, CDW, CSCO led NDX, 53 advancers.

Up: DIA, SPY,

Down: QQQ, IWM,

The SPY MFC green line is pointed up at 67.7, and price-action is short-term bullish. +3.1

Six of eleven sectors were higher on Wednesday led by XLV, XLF and XLB. 

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

53 of 100 NDX stocks closed higher on Wednesday.

44 NDX stocks are above their 30 DMA: MU, LRCX, WBD, ZS, CRWD, AMAT, MRVL, EA, AEP, AMD, AMGN, AAPL, GOOGL, KLAC, ROST, CSCO, ISRG, BIIB, MDB, QCOM, CTSH, MRVL, PDD, AMZN, REGN, IDXX, MAR, PCAR, AZN, DDOG, BKR, CCEP, FANG, MNST, SBUX, AVGO, NVDA, VRTX, GILD, ADI, ASML, BKNG, KDP, NFLX,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 5

ADI, ASML, BKNG, KDP, NFLX,

Moving Below 30 DMA = 5

ODFL, PANW, PLTR, TEAM, XEL,

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