RUT, NDX, SPX, DJI Closed Higher as VIX Falls...Utilities, Basic Materials, Technology Led Sectors...Happy Thanksgiving !!!

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Markets are closed on Thursday for the Thanksgiving Holiday.  Markets close at 1 pm ET on Friday for a half day of trading.

Happy Thanksgiving to you and your loved ones.

SPX +46.73, 6,812, opened higher, trended up, closed higher for a fourth day.  Breadth was mixed and remained positive on Wednesday heading into the long Thanksgiving Day holiday. The SPX broke out of its October 9 to November 25 horizontal resistance. 

NDX +0.87%, higher close above its 30-DMA.

DJI, 47,427, +0.67%, opened higher, closed higher, led by GS, MSFT and CAT.

NVDA +2.44, +1.37%, opened higher, traded in a range, closed above the high of the low day in a channel bounce.

AVGO +12.54, +3.26%, broke above horizontal resistance to an all-time closing high.

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

SPY up +4.66 at 679.68, 71.8 million shares, below average volume.

VIX down -1.37 at 17.19,

QQQ up +5.38 at 614.27

BA, WMT, MSFT, GS led DJIA, 21 advancers, -7

HOOD, TER, DELL, APP led SPX, 357 advancers,

APP, MRVL, WBD, AMD led NDX, 71advancers.

Up: IWM, QQQ, SPY, DIA,

Down:

The SPY MFC green line is pointed up at 41, and price-action rose for a fourth day and is short-term bullish. +9.5  

Ten of eleven sectors were higher on Wednesday led by XLU, XLB and XLK. 

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

Neutral sectors: XLF, XLRE, XLB,

Down trend sectors: XLP,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

71 of 100 NDX stocks closed higher on Wednesday.

44 NDX stocks are above their 30 DMA: WBD, MRVL, AEP, AMGN, AAPL, GOOGL, ROST, CSCO, ISRG, BIIB, CTSH, REGN, IDXX, MAR, AZN, BKR, FANG, MNST, GILD, ORLY, GEHC, KHC, PCAR, VRTX, ADI, AMAT, AVGO, EA, GFS, MU, CCEP, LULU, SBUX, ADSK, ASML, CSX, KDP, LRCX, MRVL, ON, PEP, TXN, VRSK, XEL,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 11

ADSK, ASML, CSX, KDP, LRCX, MRVL, ON, PEP, TXN, VRSK, XEL,

Moving Below 30 DMA = 1

WDAY,

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