QQQ a New All-time Closing High Again…WB Soars 24.96% after EPS Report…

QQQ makes another new all-time high.

DIA, SPY, IWM are horizontal resistance breakout setups.

Three sectors were positive led by technology XLK and financials XLF.

SPY down 0.22 at 240.08 on 50.4 million shares,

VIX rises +0.23 to 10.65.

Oil falls -.56 to 48.26

TLT up .45 at 121.51…on 6.7 million shares

IBM +1.43% leads DJIA.

AMD +11.65% and QRVO +4.61% lead SPX.

VOD +4.02% and BIDU +2.42% lead NDX.

WB +24.96% soars after earnings report.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: QQQ, IWM, DIA,

Down: SPY,

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

Breadth weakened as decliners led 1,601 to 1,297 on the NYSE and led 1,431 to 1,351 on the NASDAQ.

The SPY MFC green line is up at 92, bullish.

Look for a potential bounce in: NFLX, AAPL, TSLA, HAS, MU, CSX, WMT, UNH, WBA, MS, FB, XLY, WDC, SBUX, COST, RCL

One Day Pullback:

Bounces included: MSFT, KEY, ETFC,

Potential Breakouts include: SPY, DIA, IWM, TXN, V, HD, MSFT, KLAC, KEY, ETFC,

Breakouts: XLNX, SWKS, MCHP,

New Highs NVDA, EA, BABA, YHOO, MCHP, EXPE, PYPL, ADSK, AMAT, ADBE, AVGO, MCD, AMZN, GOOGL, LRCX, QQQ, ATVI, JD, MAR, 

61 of 100 NDX stocks closed higher on Tuesday.

65 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

DISH

Moving Below 30 DMA = 4

DLTR, ILMN, NCLH, ORLY,  

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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