DIA, SPY New Closing High as Financial Sector Leads...FOMC Announcement Wednesday...

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After the Close Review of Tuesday’s market action…DIA, XLF, SPY, /ES, WDC, GS, VZ, BA, MRK, JPM, TRV, BAC, C, MS, SCHW, ETFC, QQQ, AAPL, AMZN, FB, GOOGL, MSFT, VIX breakout setups…technical analysis insights…9:50 pm PST

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FOMC announcement Wednesday at 2 pm ET.

Seven sectors were higher on Tuesday, led by financial XLF +1.00% and real estate XLRE +0.45%.

SPY up .47 at 266.78 on 85.1 million shares, 18% above average volume.  Up on higher volume.

VIX up .58 at 9.92

Oil down .57 to 57.45

TLT down .05 at 126.38…on 7.5 million shares, average volume.  Down on higher volume.

GS +3.02%, and VZ +2.60%, led the DJIA, 16 advancers.

MAC +5.02%, FCX +4.59%, and MOS +4.11%, led the SPX.

STX +4.08%, TSLA +3.68%, CMCSA +2.78%, MELI +2.19%, and ATVI +1.95%, led the NDX.

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

Up: DIA, SPY,

Down: QQQ, IWM,

Breadth weakened on Tuesday, as decliners led 1,567 to 1,336 on the NYSE and led 1,674 to 1,308 on the NASDAQ.

The SPY MFC green line is pointed up in the upper zone at 86, bullish.

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

Neutral sectors: XLK, XLU

Down trend sectors:

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past week and it is appropriate to wait for the uptrend to resume before considering entry… CBOE, VRSN, WYNN, BA, MCD, CAT, TRU, LYV, FCAU, CCL, RCL, SQ, CC, EDU, AA, ADBE, PYPL, ALGN, V, MU, FB, A, ISRG, TTWO, AABA, BABA, CDNS, ANET, RNG, WUBA, SHOP, ATVI, WB, LRCX, NVDA, RACE, TAL,

40 of 100 NDX stocks closed higher on Tuesday.

58 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 2                            

ALXN, ATVI,

Moving Below 30 DMA = 2

FB, ILMN,

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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