DIA New All-time Closing High...SPY, QQQ New All-time Intra-day High as Buyers Return...

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After the Close Review of Tuesday’s action… SPY, DIA, IWM, QQQ, VIX, AAPL, AMZN, FB, MSFT, GOOG, sector charts, stocks with earnings this week, BIDU, CERN, KLAC, AVGO, EBAY, QCOM, ISRG…

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Nine sectors were higher on Tuesday, led by utilities XLU +0.97% and staples XLP +0.88%.

SPY up .67 at 254.62 on 42.8 million shares, 32% below average volume.  Up on higher volume.

VIX down .25 at 10.08

Oil up 1.38 to 50.94

TLT up .20 at 124.18…on 6.7 million shares, 20% below average.  Up on higher volume. 

WMT +4.47%, and CAT +1.03%, led the DJIA, 21 advancers.

UAL +4.67%, NWSA +2.43% and TGT +2.40% led the SPX.

AAL +3.25%, BIDU +4.04%, TSLA +3.69%, JD +3.24%, and MU +2.49%, led the NDX.

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

Up: DIA, IWM, SPY, QQQ

Down:

Breadth strengthened on Tuesday as advancers led 1,876 to 988 on the NYSE and led 1,736 to 1,135 on the NASDAQ.

The SPY MFC green line is in upper zone at 97, bullish.

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

Neutral sectors: XLP, XLU,

Down trend sectors:

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

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

66 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 5

ADBE, ALXN, FOXA, GILD, VOD,

Moving Below 30 DMA = 5

MAT, NTES, SWKS, SYMC, XRAY

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral

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