After the Close Review
of Tuesday s action…QQQ, DIA, SPY, IWM, QQQ More GREAT bull
flag setups including NVDA and more…8:17 pm PT
Three sectors were higher on Tuesday, led by utilities XLU +1.25% and
staples XLP +0.35%.
SPY down .60 at 257.73 on 61.0 million shares, average volume. Down on higher volume.
VIX up .09 at 11.59
Oil down 1.73 to 55.00
TLT up .84 at 125.20…on
6.1 million shares, 12% below average. Up on higher volume.
HD +1.64%, and KO +1.52%, led
the DJIA, 15 advancers.
AAP +16.33%, EVHC
+10.29% and
FOSL +6.76% led the SPX.
VOD +5.65%, WDC
+3.55%, MAR +2.22%,
EXPE +1.50%, and QVCA +1.28%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is down.
Up:
Down:
DIA, SPY, IWM, QQQ
Breadth weakened on Tuesday as
decliners led 1,737 to 1,187
on the NYSE and led 1,548 to 1,310 on the NASDAQ.
The SPY MFC green
line is in
upper zone at 87 bullish.
Uptrend
sectors: XLRE,
XLU, XLK, XLY, XLE, XLF, XLB, XLI,
Neutral
sectors: XLV,
Down
trend sectors: XLP,
Intermediate-term trending stocks: LRCX, ADBE, PYPL, ALGN, NVDA, BA, SQ, V, MCD,
CAT, MU, CC, TRU, FB, A, ISRG, AA, CBOE, TTWO, AABA, BABA, FCAU, ANET, WYNN,
RACE, RNG, WUBA, TAL, CCL, RCL, LYV, EDU, SHOP, ATVI, WB
46 of 100 NDX stocks closed
higher on Tuesday.
56 NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 3
CSCO, CTAS, MYL,
Moving Below 30 DMA = 1
ILMN,
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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