MU Up in After-hours on Positive EPS...IWM Breakout...SPY, DIA Bull Flag...

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After the Close Review of Tuesday’s action…SPY, DIA, IWM, VIX, RHT, CCL, RCL, NCLH, MU, ALGN, C, BAC, FAS, TAL, TTWO, FCAU, WB, PYPL, ANET, NVDA, SHOP, KMX, NFLX, WYN, WYNN, AAL, FAST, TSCO, COST, DLTR…

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Four sectors were higher and one was unchanged on Tuesday, led by technology XLK +0.36% and staples XLP +0.24%.

SPY up .15 at 249.08 on 54.0 million shares, 18% below average.  Up on lower volume.

VIX down .04 at 10.17

Oil down .04 to 52.09

TLT down .23 at 126.76…on 7.2 million shares, 9% below average.  Down on lower volume. 

AAPL +1.72%, and NKE +0.88%, led the DJIA, 12 advancers.

RHT +4.08%, LB +4.03% and MAC +3.75% led the SPX.

WYNN +2.47%, NCLH +2.41%, JBHT +2.05%, and MAT +1.84%, led the NDX.

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

Up: IWM, QQQ, SPY

Down: DIA,

Breadth strengthened on Tuesday as advancers led 1,626 to 1,241 on the NYSE and led 1,674 to 1,187 on the NASDAQ.

The SPY MFC green line is in upper zone at 91, bullish.

Uptrend sectors:  XLI, XLF, XLB, XLK, XLV, XLRE, XLU, XLE,

Neutral sectors: XLY, XLP,

Down trend sectors:

Intermediate-term trending stocks:  WYNN, MU, ALGN, BA, CBOE, A, ISRG, AA, LRCX, SQ, CC, SHOP, TAL, TTWO, LYV, FCAU, WB, EDU, PYPL, ANET, NVDA, AABA, V, BABA, ATVI, FB, EA, RACE, WUBA, ADBE, MCD, TRU, CCL, RCL,

49 of 100 NDX stocks closed higher and one was unchanged on Tuesday.

54 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

GOOG,

Moving Below 30 DMA = 4

ALXN, CTRP, MYL, SHPG

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

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