After the close Review of Tuesday’s
action…SPY, QQQ, IWM, DIA, TLT, VIX, AAPL,
MSFT, AMZN, GOOG, GOOGL, FB, CSCO, CMCSA, AVGO, NVDA, ATVI, SQ, TTWO, BABA CC,
AABA, ALGN, SHOP, PYPL, TRU, ADBE, A, ANET, EA, EDU, EPE, BA, TAL, ALL, FB,
LYV, RCL, V, MCD, PGR, CCL, MOMO, BZUN,
SPY, QQQ MACD bullish divergence bounce.
DIA bounce in bull flag pattern.
IWM channel bounce at short-term support.
Nine sectors were higher, led by technology XLK +1.49% and
materials XLB +1.30%.
SPY up 2.54 at 245.44 on 63.1 million shares, average. Up on similar volume.
VIX down 1.84 at 11.35.
Oil up .06 to 47.63
TLT down .49 at 126.44…on 6.1 million shares, 9% below avg. Down on lower
volume.
CAT +1.95%, and CSCO +1.92%, led
the DJIA, 26 advancers.
M +4.56%, FL
+4.27% and
GWW +3.79% led the SPX.
VRTX +4.34%, ATVI +4.01%, FAST +3.58%, and ALXN +3.57%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
QQQ, IWM, SPY, DIA
Down:
Breadth strengthened
on Tuesday as
advancers led 2,103 to 795 on the
NYSE and led 2,034 to 790 on the
NASDAQ.
The SPY MFC green
line is at 43,
short-term bearish.
Uptrend
sectors: XLU,
Neutral
sectors: XLK, XLP, XLF, XLY, XLRE, XLV,
XLB, XLI
Down
trend sectors: XLE
Intermediate-term trending stocks: PYPL, ADBE, NVDA, FB, ATVI, EA, BA, MCD, V,
CCL, RCL, ALGN, ANET, SQ, MOMO, CC, BZUN, AABA, TTWO, PGR, TRU, LYV, ALL, TAL,
BABA, A, EDU, SHOP, EXPE,
94 of 100 NDX stocks closed
higher on Tuesday.
41
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 11
AVGO, BIIB, CHKP, CTSH, GILD, MAR, MSFT,
MU, NCLH, SIRI, VRTX,
Moving Below 30 DMA = 0
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market Trend:
Up
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